What is the global market size of Artificial Intelligence In Telecommunication Market?

Global Artificial Intelligence in Telecommunication Market was valued at USD 1.2 billion in 2021, and it is expected to attain a value of USD 11.67 billion by 2028 with a CAGR of 38.4% over the forecast period (2022-2028). Read More

Artificial Intelligence In Telecommunication Market Size, Share, Growth Analysis, By Application(Network Security, Network Optimization, Customer Analytics, Virtual Assistance), By Region - Industry Forecast 2024-2031

Report ID: SQSG45H2012 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 39 | Figures: 74

Artificial Intelligence In Telecommunication Market Regional Insights

North America accounted for the largest market share and is predicted to maintain its leadership throughout the forecast years. Due to its dominance for being among the first to adopt cutting-edge technology. The expansion of the region will also be aided by the increasing number of telecom businesses that use automation and AI for network optimization and customer care. For instance, AT&T Intellectual Property introduced edge AI computing-powered mobile 5G in the United States. The AI network security solutions from CUJO LLC are being used by telecom service providers in the US to secure their networks.

Asia Pacific, on the other hand, is anticipated to have the fastest CAGR during the projection period. The quickening pace of technical development in developing nations like China and India is blamed for this expansion. For instance, China Telecom Corporation Ltd., a provider of internet access and mobile telecommunications services, collaborates with Huawei Technologies Co., Ltd., a global provider of telecoms equipment and consumer electronics. This partnership is projected to investigate wireless network cell anomaly detection based on the Network AI Engine and radio cell capacity prediction (NAIE).

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Artificial Intelligence In Telecommunication Market size was valued at USD 0.59 billion in 2019 and is poised to grow from USD 0.85 billion in 2023 to USD 10.4 billion by 2031, growing at a CAGR of 43.1% in the forecast period (2024-2031).

Through a variety of tactical approaches, including partnerships, M&A, and collaborations, market vendors are concentrating on growing their clientele. For instance, IBM Corp. and Vodafone Ltd. inked an outsourcing agreement. It is envisaged that this relationship will give the previous business access to a hybrid cloud-based digital platform that will facilitate better customer engagement and increase operational effectiveness. In the telecommunications industry, some of the major artificial intelligence players are: 'IBM Corporation', 'Microsoft Corporation', 'Intel Corporation', 'Google Inc.', 'Huawei Technologies Co. Ltd.', 'Infosys Limited', 'Cisco Systems Inc.', 'Nokia Corporation', 'Salesforce.com Inc.', 'Amazon Web Services Inc.', 'AT&T Inc.', 'H2O.ai', 'NVIDIA Corporation', 'Wipro Limited', 'Ericsson AB', 'Baidu Inc.', 'Orange Business Services', 'NEC Corporation', 'Verizon Communications Inc.', 'Ciena Corporation'

Some of the important areas that service providers want to concentrate on while using artificial intelligence and preparing their networks for the move to 5G technology are lowering operating costs and increasing returns on network investments. The growth of artificial intelligence in the telecommunications market will accelerate during the projection period due to its widespread usage for better network performance management.

Governments all over the world are accelerating the rollout of 5G because they recognise how important it is for the digital transformation and want to drive automation and AI in the telecom sector. The Internet of Things (IoT), which is powered by edge computing and AI, and digital transformation are likely to be fueled by fifth-generation technologies across the wireless communication industry. The adoption of AI in the telecom business is probably driven by rising consumer demand for better services and a smooth customer experience.

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Artificial Intelligence In Telecommunication Market Size, Share, Growth Analysis, By Application(Network Security, Network Optimization, Customer Analytics, Virtual Assistance), By Region - Industry Forecast 2024-2031

Artificial Intelligence In Telecommunication Market Regional Insights

Artificial Intelligence In Telecommunication Market Report Snapshots

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