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AI in Telecommunication Market worth $ 2,497.8 Million by 2022
 



(Telecom-NewsWire.Net, May 14, 2019 ) According to a new market research report "AI in Telecommunication Market by Technology, Application (Network Optimization, Network Security, Self-diagnostics, Customer Analytics, and Virtual Assistance), Component (Solutions and Services), Deployment Mode, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the global AI in Telecommunication Market to grow from USD 365.8 Million in 2017 to USD 2,497.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 46.8% during the forecast period.

Increasing adoption of AI for various applications in the telecommunication industry and utilization of AI-enabled smartphones are expected to be driving the growth of the AI in Telecommunication Market.

Browse in-depth TOC on "AI in Telecommunication Market”
77- Tables
54- Figures
134- Pages

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NLP technology is expected to grow at the highest CAGR during the forecast period

In the AI in telecommunication industry, the Natural Language Processing (NLP) technology is used to collect, analyze, and visualize customer-related data, such as responses to particular product and service. NLP is used to understand the human language via virtual chat bots. The use of the NLP technology in the telecommunication system has increased, which helps in offering 24/7 services to customers.

Cloud deployment mode is expected to have the largest market size during the forecast period

On the basis of deployment modes, the AI in Telecommunication Market is segmented into cloud and on-premises. Among these, the cloud deployment mode is expected to have a larger market size during the forecast period. The adoption of the cloud deployment mode is growing rapidly, as organizations are focusing on planning cost-effective services, such as training programs.

APAC is expected to grow at the highest CAGR during the forecast period

In the Asia Pacific (APAC) region, global as well as domestic enterprises are investing in the AI in telecommunication technology. Moreover, the government is also investing in the AI in telecommunication technology for offering better telecommunication services to citizens.

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The AI in Telecommunication Market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies. The major AI in telecommunication vendors include IBM (US), Microsoft (US), Intel (US), Google (US), AT&T (US), Cisco Systems (US), Nuance Communications (US), Sentient Technologies (US), H2O.ai (US), Infosys (India), Salesforce (US), and NVIDIA (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

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