Press Release

Visiongain Ltd.

Artificial Intelligence (AI) in Telecommunication Market Report Up to 2031

October 20th, 2021 12:00 AM

Visiongain has published a new report on Artificial Intelligence (AI) in Telecommunication Market Report to 2031: Forecasts by component (Solution, Services), by deployment mode (Cloud, On-premises), by application (Network Security, Network Optimization, Customer Analytics, Virtual Assistance, Self-Diagnostics, Others). PLUS, Profiles of Leading Artificial Intelligence in Telecommunication Companies and Regional and Leading National Market Analysis. PLUS, COVID-19 Recovery Scenarios.

Artificial intelligence is an advanced technology which is largely implemented in the telecommunication industry, as it helps in identifying & reacting to problems and related services by analysing customer data. Moreover, artificial intelligence technology is primarily focused towards customer service, in the front end, and network performance in telecommunication sector. Furthermore, key players in the market has involved in major partnership, product developments & launches with an AI-based solution. For instance, in 2019, Vodafone which is a British multinational telecommunications company projected 68% improvement in customer satisfaction after introducing its chatbot TOBi, which is an AI-based product in the market.

Download Exclusive Sample of Report @ https://www.visiongain.com/report/ai-in-telecommunication-market/#download_sampe_div

Rise in demand to eliminate human error from the telecommunication networks, increase in the adoption of artificial intelligence for various applications, and surge in necessity to monitor content on the telecommunication network are some of the major factors driving the market growth. On the contrary, to provide personalized user experience, better customer service communication & improve the customer engagement by implementing AI technology acts a major opportunistic factors to the market in the upcoming years.

COVID-19 Impact on Global Artificial Intelligence in Telecommunication Market

In the wake of COVID-19 pandemic situation, customer has experienced tremendous potential for transformation in the telecommunication industry. The global health crisis has significant impact in the industry, as the demand for voice & data communications has increased at a fastest growth rate and telecom companies have responded with technological savvy and urgency in order to sustain the market. In addition, telecom companies supported governments and health care systems by providing data-based insights on people’s movements, high-speed connectivity & devices, in order to tackle the spread of the disease.

Market Drivers

Rise in demand to eliminate human error from the telecommunication networks

As AI is largely implemented in the telecommunication industry, the demand for controlling & eliminating human error and make efficient decisions via AI technology is continuing to rise in the market. Moreover, the human error of the equation without removing human control while designing network acts as another major factor fuelling the growth of AI in telecommunication industry.

Increased adoption of artificial intelligence for various applications

With growing awareness among telecommunication enterprises regarding the benefits & features of the AI technology, telecom companies are adopting this technology for various applications such as network optimization, preventive maintenance, virtual assistants, and Robotic process automation (RPA), among others. Therefore, utilization of AI-enabled solutions & is adoption are driving the market growth.

Market Opportunities

Advent of 5G technologies in mobile networks

The advent of 5G integrating artificial intelligence (AI) techniques into networks & introducing new challenges for mobile communications service providers in the market. Therefore, with this growing advancement in network services, the key players in the market are expected to have an immense opportunity in the upcoming years. For instance, in 2019, Ericsson, which is one of the leading multinational firm of telecommunications projected that nearly 53% of telecom companies expected to have fully integrated aspect of AI into their networks by the end of 2020. This, as a result anticipated to create lucrative opportunities to the global artificial intelligence in telecommunication market.

Expansion of existing products & services

The key players in the market have an opportunity to expand existing product & services in order to provide consumer with better communication services & personalized user experience to improve the customer engagement in the market. Therefore, expanding the solutions & developing platforms in AI are expected to boost the market growth.

Get Detailed TOC @ https://www.visiongain.com/report/ai-in-telecommunication-market/#download_sampe_div

Competitive Landscape

Some of the companies profiled in the report include AT&T Intellectual Property, Amdocs, Huawei Technologies Co., Ltd., Nuance Communications, IBM Corporation, Microsoft, INFOSYS LIMITED, Intel Corporation, Google, and Cisco Systems, Inc.

Recent Developments

In November 2020, Guavus-IQ analytics developed new cloud-based analytics on their subscribers & network operation via on Amazon Web Services (AWS). In addition, this product is designed to cut costs, grow revenue through the use of explainable AI (XAI), improve customer experience, and advanced cloud-enabled analytics on subscribers & network operations in the market.

In July 2020, Orange, which is France’s biggest telecoms company and Google together announced a strategic partnership towards covering artificial intelligence (AI) and cloud computing services. In addition, Google will provide artificial intelligence tools, cloud technologies, and analytics to Orange, which will help in building a next-generation data analytics and machine-learning platform in the market.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the AI in Telecommunication Market and leading companies. You will find data, trends and predictions.

Find more Visiongain research reports of Artificial Intelligence Sector click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

Catherine Walker
PR at Visiongain Inc.
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SOURCE Visiongain Limited.

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