Artificial Intelligence (AI) in Telecommunication Market Will Record an Upsurge in Revenue during 2023-2029
Stratview Research delivers key insights on the global Artificial Intelligence (AI) in Telecommunication Market. According to Stratview Research, the market is segmented By Component (Solution, Service), Deployment Model (On-Premise, Cloud), Technology (Machine Learning, Natural Language Processing (NLP), Data Analytics), Application (Customer Analytics, Network Security, Network Optimization, Self-Diagnostics, Virtual Assistance), and Region [Brazil, Argentina, and Others]).
Market Insights
The report suggests that the overall Artificial Intelligence (AI) in Telecommunication Market is expected to grow from USD 1.67 billion in 2022 to USD 5.76 billion by 2029 at a CAGR of 19.3%.
Market Segments' Analysis
Component Insights
The solution segment was the dominant factor in the market in 2022 and is anticipated to maintain its dominance during the forecast period, based on its components.
Deployment Model
The cloud deployment model is dominating the market, owing to its numerous benefits such as scalability, flexibility, and cost-effectiveness.
Regional Analysis
North America held the largest share of the market in 2022 and is projected to maintain its dominance throughout the forecast period.
Key Players
The following are some of the key players in the artificial intelligence (ai) in telecommunication market:
- Infosys Limited
- IBM Corporation
- Google LLC
- Microsoft
- Salesforce, Inc.
- Cisco Systems, Inc.
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for artificial intelligence (ai) in telecommunication market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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