DUBLIN--(BUSINESS WIRE)--The "AI in Telecommunication Market by Technology, Application (Network Optimization, Network Security, Self-diagnostics, Customer Analytics, and Virtual Assistance), Component (Solutions and Services), Deployment Mode & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Global Artificial Intelligence (AI) in Telecommunication Market is Expected to Grow from US$365.8 million in 2017 to US$2,497.8 million by 2022, at a CAGR of 46.8%
The increasing adoption of AI for various applications in the telecommunication industry and the utilization of AI-enabled smartphones are expected to be driving the growth of the AI in telecommunication market. Incompatibility concerns between the AI technology and telecommunication systems, which may generate integration complexities in AI in telecommunication solutions, are expected to act as restraints for the growth of the market.
In the AI in telecommunication market, the cloud deployment mode offers multiple benefits, such as reduced operational and maintenance costs, fewer complexities, and more scalability. The AI in telecommunication solution providers are focusing on the development of robust cloud-based solutions for their clients, as many organizations have started adopting the cloud-based deployment mode. Additionally, the cloud deployment mode is user-friendly and easy to access.
The AI in telecommunication market technology segment is subsegmented into machine learning and deep learning, and Natural Language Processing (NLP). Among these, the machine learning and deep learning segment is expected to have a larger market size during the forecast period.
Machine learning and deep learning offers the most robust methodology to tap into the area of context that involves human-computer interactions, and provides close predictions based on the past data. This technology is
useful in the telecommunication industry for automating telecommunication operations.
North America is expected to have the largest market size in the AI in telecommunication market during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. The major initiatives taken for the growth of the AI in telecommunication technology have their origin in this region. In this region, the enterprises and governments have positively adopted the AI in telecommunication technology to improve telecommunication solutions and services for better customer experience.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 AI in Telecommunication Market, By Technology
7 Market By Application
8 AI in Telecommunication Market, By Component
9 Market By Deployment Mode
10 AI in Telecommunication Market, By Region
11 Competitive Landscape
12 Company Profiles
- Cisco Systems
- Nuance Communications
- Sentient Technologies
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