Global AI In Telecommunication Market Research Report 2023

AI in Telecommunication Market Statistics 2029
The global AI In Telecommunication market was valued at US$ 2482 million in 2022 and is anticipated to reach US$ 19170 million by 2029, witnessing a CAGR of 40.6% during the forecast period 2023-2029. Key drivers of the global ai in telecommunication market include the increasing adoption of AI for various applications in the telecommunication industry and the rising utilization of AI-enabled smartphones. Further introducing AI to various network processes by service providers is also fueling the growth of the ai in the telecommunication market.

And with the advent of 5G technology new and complex challenges are arising for mobile communications service providers. In order to tackle these issues and reduce complexities related to capital expenditure service providers are increasingly adopting AI-based technology which in turn is fueling the growth of ai in the telecommunication market.

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Trends Influencing the Growth of Global AI in Telecommunication Market
The Advent of 5G technology will boost faster AI adoption by service providers
Reducing operational costs and bigger returns on network investments are some of the key areas that service providers want to focus on while adopting Artificial Intelligence and making their networks ready for switching to 5G technology. Such widescale adoption for better network performance management will further accelerate the growth of ai in the telecommunication market during the forecast period.
Growing popularity of virtual assistants and chatbots
Conversational AI platforms are the biggest influencers in the usage of ai in the telecommunication sector. Virtual assistants or chatbots make the customer handling process easier as they can automate the handling of customer requests. Long waiting hours are something that is a big deterrent in creating a good customer experience. This deficiency is what human-operated call centers are prone to which can be completely eradicated if virtual assistants and chatbots are deployed. Thus, companies can reduce their expenses and also provide a better customer experience as chatbots can handle massive amounts of customer queries at an impressive speed. Such benefits provide lucrative opportunities for the growth of the ai in the telecommunication market during the forecast period.
Growing OTT services and video streaming platforms
With the rise in OTT platforms and changing audio and video content, the demand for largescale adoption of ai is rising rapidly. As more customers shift to OTT platforms the need for higher bandwidth rises leading to more operational costs for telecommunication companies. AI can help reduce these operational costs by minimizing human intervention for network configuration and maintenance. Also, automation can help companies reach out faster to more customers and provide new services in less amount of time. Thus, the demand for ai in telecommunication market will rise further during the forecast period.
Rising cyberattacks and early fraud detection & prevention by AI will increase the widescale adoption
Artificial intelligence can help detect frauds in a timely and accurate manner. This is creating a widespread usage of AI for fraud analytics in a variety of industries including telecom. AI can altogether block any user or service if it detects any suspicious activity thus preventing the activity from turning into an actual fraud. Rising cyberattacks on businesses and the growing need for self-optimizing networks will further accelerate the growth of the ai in the telecommunication market during the forecast period.
AI in Telecommunication Market Share Analysis
Based on application, the customer analytics segment will provide lucrative opportunities for growth in the ai in telecommunication market share during the forecast period due to the growing need for real-time customer behavioral insights enabling operators to collect and analyze data from a subscriber's perspective.

Based on region, the United States dominated the global AI in Telecommunication market and accounted for around 28% share of the total market in the same year. This is due to the early adoption of advanced technologies and the presence of key telecom companies using automation and ai for customer service and network optimization purposes.
At present, in developed countries, AI in Telecommunication is generally at a more advanced level. The world's top vendors are mainly concentrated in US. The top three manufacturers are IBM, Microsoft and Intel, respectively with global market share as 16%, 15% and 10%.

AI in Telecommunication Market by Type
Solutions
Services

AI in Telecommunication Market by Application
Network Optimization
Network Security
Customer analytics
Others

AI in Telecommunication Market by Regions
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

AI in Telecommunication Market by Companies
IBM
Microsoft
Intel
AT&T
Cisco Systems
Nuance Communications
H2O.ai
Salesforce
Nvidia

SIMILAR REPORT

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This release was published on openPR.