Telecommunication industry is experiencing continuous and unparallel changes. Users have shifted from fixed line to mobile, from voice to data. The adoption of over-the-top (OTT) services including video streaming over data, transformed the industry.
These factors lead to the increasing demand for higher bandwidth of the network. Increasing bandwidth of the network and handling traffic from OTT services leads to higher operating cost for the service providers. Hence the use of artificial intelligence which reduces the human intervention needed to maintain and configure services and networks, helps telecommunication service providers to reduce operating cost by automating the processes.
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Major Key Players:
The global AI in Telecommunication Market study aims at different segments such as component, deployment mode, technology, application, regions, and estimating market growth across these segments.
The global market for AI in telecommnuication is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of AI in telecommnuication market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the global market of AI in telecommunication due to the presence of large number of key players such as IBM Corporation, Microsoft Corporation and Cisco Systems which provides AI enabled solutions for telecommunication industry. Asia-Pacific is expected to be the fastest growing region in the forecast period for global AI in telecommunication market, due to digital transformation in various countries of this regions which enables the use of AI driven solutions in telecommunication.
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