According to a new report, published by KBV research, The Global AI in Telecommunication Market size is expected to reach $21.2 billion by 2030, rising at a market growth of 40.4% CAGR during the forecast period.
The Solution segment is generating the maximum revenue in the Global AI in Telecommunication Market by Component in 2022; thereby, achieving a market value of $15.0 billion by 2030. AI-powered solutions in customer experience management have gained prominence as telecommunication providers prioritize delivering personalized and seamless services to end-users. AI-driven chatbots and virtual assistants provide instant and personalized customer support, improving overall customer satisfaction. Hence, these factors will lead to enhanced growth in the segment.
The Cloud segment is experiencing a CAGR of 42.6% during (2023 - 2030). The scalability offered by cloud environments is paramount in handling the diverse workloads associated with AI applications in telecommunications. As the demand for AI-driven services grows, cloud platforms enable telecommunication operators to scale their resources dynamically, ensuring optimal performance for network optimization, predictive analytics, and customer support tasks. Thus, these aspects will boost the demand in the segment.
The Machine Learning segment is leading the Global AI in Telecommunication Market by Technology in 2022; thereby, achieving a market value of $8.3 billion by 2030. Machine learning algorithms analyze network data, predict congestion points, and optimize network paths for efficient data transmission. This machine-learning application enhances telecommunication networks' overall performance by reducing latency, minimizing packet loss, and ensuring optimal resource utilization. Hence, these factors will fuel the demand in the segment.
The Customer Analytics segment is registering a CAGR of 40.1% during (2023 - 2030). Customer analytics powered by artificial intelligence empowers telecommunications firms to acquire a more profound understanding of customer behavior, preferences, and utilization patterns. Analyzing large datasets allows for a granular understanding of customer needs, enabling companies to tailor their services and offerings to individual preferences. Thus, the segment will witness increased growth in the coming years.
Full Report: https://www.kbvresearch.com/ai-in-telecommunication-market/
The North America region dominated the Global AI in Telecommunication Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.0 billion by 2030. The Europe region is anticipated to grow a CAGR of 40% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 41% during (2023 - 2030).
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