Artificial Intelligence in Telecommunication Market to Surpass 10.4 Billion by 2030 Drives Due to Enhanced Customer Experiences
SkyQuest projects that the artificial intelligence in telecommunication market will attain a USD 10.4 billion value by 2030, with a CAGR of 43.1% over the forecast period (2023-2030). The artificial intelligence in telecommunication market is propelled by the drive to provide personalized services. AI enables telecom companies to analyze customer behaviors, preferences, and feedback, leading to tailored offerings, efficient issue resolution, and improved overall experiences, fostering customer loyalty.
Westford USA, Aug. 29, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, operational costs are lowered through automation and predictive maintenance. AI-driven workflows enhance efficiency, preemptively detect issues, and optimize resource distribution. This integration empowers telecom enterprises to attain heightened operational efficiency, minimize expenses, and boost profitability within the dynamic landscape of AI in telecommunication market.
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- Pages – 165
- Tables – 39
- Figures – 74
AI-driven optimization is a pivotal driver, bolstering network performance, reducing downtime, and optimizing resource allocation in the global artificial intelligence in telecommunication market. Telecom providers turn to AI solutions to ensure seamless connectivity, enhance network efficiency, and meet the escalating demands of data-intensive applications.
Prominent Players in the Artificial Intelligence in Telecommunication Market
- IBM Corporation
- Microsoft Corporation
- Intel Corporation
- Google Inc.
- Huawei Technologies Co. Ltd.
- Infosys Limited
- Cisco Systems Inc.
- Nokia Corporation
- Salesforce.com Inc.
- Amazon Web Services Inc.
- AT&T Inc.
- NVIDIA Corporation
- Wipro Limited
- Ericsson AB
- Baidu Inc.
- Orange Business Services
- NEC Corporation
- Verizon Communications Inc.
- Ciena Corporation
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Customer Analytics Segment is Expected to Grow the Market Due to Role in Elevating Customer Experiences
Customer analytics segment is poised for rapid growth in artificial intelligence in telecommunication market due to its role in elevating customer experiences. With AI-powered analytics, telecom companies gain insights from data, enabling personalized services, targeted marketing, and efficient issue resolution. As the industry emphasizes customer-centric approaches, the demand for advanced customer analytics solutions intensifies, driving this segment’s expansion.
Asia Pacific is emerging as the fastest-growing segment in artificial intelligence in telecommunication market. Rapid digital transformation, increasing connectivity, and a burgeoning tech-savvy population create a robust demand for AI-driven telecom solutions. As economies advance, the region showcases substantial potential for rapid market expansion and innovation.
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Network Optimization Segment is Expected to Dominate the Market Due to Importance in Enhancing Network Performance
Network optimization segment dominates the global artificial intelligence in telecommunication market due to its importance in enhancing network performance. AI-driven optimization algorithms intelligently allocate resources, manage traffic, and predict potential disruptions, ensuring seamless connectivity. Telecom companies prioritize operational efficiency and superior network quality, making network optimization a fundamental and prevailing segment within the market.
North America emerged as a dominant force in artificial intelligence in telecommunication market due to its technological innovation and widespread adoption of AI. The region’s tech-savvy consumers and advanced infrastructure drive demand for AI-driven telecom solutions, solidifying its leadership in shaping market trends and developments.
A comprehensive analysis of the major players in the artificial intelligence in telecommunication market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
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Key Developments in the Artificial Intelligence in Telecommunication Market
- Nokia has recently introduced AVA Telco AI as a Service, offering cloud-based AI solutions for communication service providers (CSPs). This enables capacity planning, network management, and service assurance automation, enhancing operational efficiency and effectiveness.
- Recently, Google and AT&T Intellectual Property have teamed up to merge 5G network capabilities with Google Cloud’s strengths in analytics, AI, and networking. This collaboration aims to empower enterprises with enhanced technological solutions.
Key Questions Answered in Artificial Intelligence in Telecommunication Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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