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.