Telecommunication Is Fully Artificial Intelligence: Growth And Investment
As telecom companies are adopting technologies like virtualization,
SDN-NFV, orchestration; Artificial Intelligence is going to play a big
role in smooth integration of these technologies and automating the
networks. Major application of AI in Telecom are Network Optimization,
Network Security, Self-diagnostics, Customer Analytics, and Virtual
Assistance
Artificial Intelligence (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%. 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.
Among
technologies, the Natural Language Processing (NLP) segment is expected
to grow at a higher CAGR during the forecast period. In the
telecommunication industry, utilization of the NLP technology is
increasing to read the information stored in the digital format and
understand the human languages from various data sets.
The North
American region has shown increased investments in the market, and
several vendors have evolved to cater to the rapidly growing market. A
considerable growth is expected in the region during the forecast
period. In North America, the AI in telecommunication technology is
effectively used for various applications, such as network optimization,
network security, customer diagnostics, and virtual assistance.
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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