Press release
AI In Telecommunication Market 2023 - Business Analysis, Development Outlook, Regional Strategies And Forecast To 2032
AI In Telecommunication Market
The Business Research Company's AI In Telecommunication Global Market Report 2023 identifies growing over-the-top (OTT) services as the major driver for the AI In Telecommunication market's growth in the forecast period. Over-The-Top (OTT) services refer to applications and services that are delivered over the Internet, bypassing traditional distribution methods such as cable, satellite, and broadcast television. The demand for OTT services has been growing rapidly in recent years, as consumers increasingly shift away from traditional media consumption models and embrace the convenience and flexibility of streaming content online.
The global AI in telecommunication market size is expected to grow from $1.27 billion in 2022 to $1.78 billion in 2023 at a compound annual growth rate (CAGR) of 39.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI in telecommunication market size is expected to reach $9.55 billion in 2027 at a CAGR of 40.1%.
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Major competitors in the AI In Telecommunication market are Intel Corporation, Nuance Communications Inc., Infosys Limited., ZTE Corporation, IBM Corporation.
A key trend in the AI In Telecommunication market includes technological advancements. Companies operating in the AI in telecommunications market are adopting new technologies to sustain their position in the market. For instance, in October 2021, Ericsson, a Sweden-based, multinational networking and telecommunications company, launched the Network Data Analytics Function (NWDAF) solution, a cloud-native offering that enables service providers to analyze and optimize network performance, as well as detect and resolve issues faster.
Read More On The Global AI In Telecommunication Market Report Here:
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The AI In Telecommunication market is segmented -
• By Component: Solution, Service
• By Deployment Model: On-Premise, Cloud
• By Technology: Machine Learning, Natural Language Processing (NLP), Data Analytics, Other Technologies
• By Application: Customer Analytics, Network Security, Network Optimization, Self-Diagnostics, Virtual Assistance, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI In Telecommunication market.
The Business Research Company's "Global AI In Telecommunication Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AI In Telecommunication Market Include:
1. Executive Summary
2. AI In Telecommunication Market Characteristics
3. AI In Telecommunication Market Trends And Strategies
4. AI In Telecommunication Market - Macro Economic Scenario
5. AI In Telecommunication Market Size And Growth
………………………..
26. Africa AI In Telecommunication Market
27. AI In Telecommunication Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI In Telecommunication Market
29. AI In Telecommunication Market Future Outlook and Potential Analysis
30. Appendix
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