AI In Telecommunication Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

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.

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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.

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%.

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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 Companies
• IBM
• Microsoft
• Intel
• AT&T
• Cisco Systems
• Nuance Communications
• H2O.ai
• Salesforce
• Nvidia

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