Global Artificial Intelligence Market in the Telecommunication Industry - Size, Growth, Trends, and Forecast for 2019-2023
- Published: Jan 2019
- Pages: 126
- SKU: IRTNTR30675
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The global artificial intelligence (AI) market size in the telecommunication industry will grow by USD 2.54 billion during 2019-2023. This report offers an analysis of the market based on component (solutions and services) and geography (North America, Europe, APAC, South America, and MEA). The report analyzes the market’s competitive landscape and offers information on several companies including Alphabet, Cisco Systems, IBM, Intel, and Microsoft.
Below are some of the key findings from the artificial intelligence in the telecommunication industry research report
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Global Artificial Intelligence in the Telecommunication Industry Overview
The growing use of AI for efficient predictive maintenances is one of the key factors driving the growth of global artificial intelligence (AI) in the telecommunication market. According to industry experts, within the telecommunication sector, maintenance of equipment such as mobile towers is a critical element that has the ability to enhance equipment performance and enable cost saving. AI systems allow for more accurate predictions, collecting and analyzing data from multiple sources in order to predict equipment failure before it occurs. This allows telecom companies to minimize downtime and improve effectiveness. It is particularly helpful for mobile towers, providing surveillance to structures that are difficult to access.
Growing investments in the 5G network are identified as an emerging trend that will impact the growth of the global AI in telecommunication market. 5G network is the latest mobile wireless technology which is an upgraded version of the previous 4G network. The technology enhances download speeds, enable networks to connect to various devices and improves response times. AI will help 5G providers to optimize their investment, improve operation and maintenance efficiency, and reduce cost, Thus, with an increase in investment in the 5G network, the market for AI is also expected to grow in the telecommunication industry. These factors will help the market to grow at a CAGR of nearly 47% during the forecast period.
Top artificial intelligence market in the telecommunication companies covered in this market research report
The artificial intelligence market in the telecommunication industry is moderately fragmented. To help clients improve their market position, this report provides an analysis of the market's competitive landscape and offers information on the products offered by various companies. Moreover, this artificial intelligence market telecommunication industry research report also includes information on the upcoming trends and challenges that will influence the AI in telecommunication market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading artificial intelligence companies in the telecommunication industry, including:
- Cisco Systems
Artificial intelligence market segmentation in the telecommunication industry based on geographic regions
- North America
- South America
With a complete study of the growth opportunities for the companies, North America will account for the highest growth of the AI in telecommunication market throughout the forecast period. North America dominates the market and will contribute over 48% of the market's growth during the forecast period. However, APAC is expected to grow the fastest during the forecast period, as developing countries increase their investments in both infrastructure and AI technology.
Artificial intelligence market segmentation in the telecommunication industry based on component
The solutions segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various component segments to the growth of artificial intelligence in the telecommunication industry market size.
Key highlights of the global artificial intelligence in the telecommunication industry market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of AI in telecommunication markert during the next five years
- Precise estimation of the global artificial intelligence in the telecommunication market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of AI in the telecommunication industry across the Americas, APAC, and EMEA
- A thorough analysis of the market's competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of artificial intelligence market in the telecommunication companies
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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