Press release
Artificial Intelligence in Telecommunication Market to Witness Robust Expansion throughout the Forecast Period 2018-2026
Artificial Intelligence in Telecommunication
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Advent of The fifth generation of mobile networks (5G) and Internet of Things (IoT) technologies, to build future networks is expected to aid in integration of AI in telecom industry. Mobile networks have to deal with heterogeneous data coming from all over the world and from a huge variety of systems, retailers and network types and they should have the ability to act in real-time. Artificial Intelligence plays a key role because it is used to predict and analyze issues faster than human. Artificial Intelligence will make the fifth generation of mobile networks more open enabling connectivity to predictability.
Market Outlook – North America held the largest share in global artificial intelligence market in telecommunication industry in 2016
North America held a dominant position in the global artificial intelligence market in telecom industry in 2016, and is expected to retain its dominance throughout the forecast period. This is due to increasing adoption of AI solutions and consumers in the region been early adopters of new technologies. In November 2017, according to Genpact survey of working population across the developed economies that included the U.S., the U.K., and Australia showed high inclination towards adoption of AI in industries including telecommunication. Genpact is a global professional services firm delivering digital transformation.
Asia Pacific market is estimated to exhibit the highest CAGR over the forecast period. This is attributed to rising adoption of machine learning and natural language processing technologies and several 5G pilot projects. This is expected to boost the AI market in telecom industry. For instance, China Telecom Corporation Ltd. established a new 5G base station in Lanzhou on December 2017 to expand 5G pilot projects in China.
Key Companies
The key industry players include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, Microsoft Corporation, and others.
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Market Taxonomy
On the basis of component, the global artificial intelligence market in telecommunication industry is segmented into:
• Tools
• Services
On the basis of mode of deployment, the global artificial intelligence market in telecommunication industry is segmented into:
• Cloud based
• On - premises
On the basis of application, the global artificial intelligence market in telecommunication industry is segmented into:
• Traffic Classification
• Resource utilization and Network optimization
• Anomaly detection
• Prediction
• Network Orchestration
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