Stratview Research has published a new report titled “Artificial Intelligence (AI) in Telecommunication Market” which is segmented By Deployment Mode (Cloud, On-Premises), By Technology (Machine Learning and Deep Learning, Natural Language Processing), By Application (Network Security, Network Optimization, Customer Analytics, Virtual Assistance, Self-Diagnostics, Others) and Region

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Market Insights

The Artificial Intelligence (AI) in Telecommunication market is projected to grow from USD 723.6 million in 2020 to USD 4,789.0 million by 2026 at a CAGR of over 37.7% during the forecast period.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on the Application Trends

Based on application, Artificial Intelligence (AI) in telecommunication market has been classified into network security, network optimization, customer analytics, virtual assistance, self-diagnostics, and others. Under these, the customer analytics segment held a significant market share in 2020 owing to the rising need for real-time behavioral insights.

Which Region is expected to remain the largest market?

By region, the North American market held the highest market share in 2020 and is projected to grow at the fastest CAGR in the coming years. This is ascribed to the significant presence of major players, and the early adoption of new and emerging technologies such as Big Data and AI. Also, an increasing number of telecom companies are using automation and AI for customer service network optimization purposes, bolsters the regional market growth during the review period.

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