AI in Telecommunications Market: Overview
The global AI in telecommunications market is expected to grow from USD 1.21 billion in 2023 to USD 10.4 billion by 2030, at a compound annual growth rate (CAGR) of 43.10%. The growth of the market is being driven by the increasing adoption of AI for various applications in the telecommunications industry, such as network optimization, customer service, and fraud detection.
Key Companies
Some of the key companies operating in the AI in telecommunications industry include:
- Cisco Systems
- IBM
- Nvidia
- Intel
- H2O.ai
- ATT
- Salesforce
- Ericsson
- Nokia
- Huawei
- ZTE
- Google AI
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AI in Telecommunications Market Segmentation:
The AI in telecommunications market share can be segmented by technology, application, and region.
By technology:
- Machine learning
- Natural language processing
- Deep learning
- Computer vision
By application:
- Network optimization
- Customer service
- Fraud detection
- Security
- Marketing and sales
- Operations and maintenance
By region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Regional Insights
North America is the largest market for AI in telecommunications, followed by Europe and Asia Pacific. The North American market is being driven by the early adoption of new technologies by telecom operators in the region. The European market is growing due to the increasing investment in AI by telecom operators and the growing demand for AI-powered solutions from verticals such as healthcare, manufacturing, and finance. The Asia Pacific market is the fastest-growing market for AI in telecommunications, due to the rapid growth of the mobile data market and the increasing adoption of 5G networks in the region.
Industry Latest News
- In September 2023, ATT announced that it is partnering with Microsoft to develop and deploy AI-powered solutions for its 5G network.
- In August 2023, Ericsson and Huawei announced that they are collaborating on the development of AI-powered solutions for 6G networks.
- In July 2023, IBM announced that it is launching a new AI platform for telecom operators that will help them to optimize their networks, improve customer service, and develop new innovative products and services.
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