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Global AI in telecommunication market growth is expected to be driven majorly by revenue contribution by North America market over the forecast period

Artificial intelligence in telecommunication aid enterprises and business with cognitive engagement, better connect with customers by anticipating their requirement and needs, by utilizing machine learning and natural language processing techniques. A major factor driving growth of the global AI in telecommunication market is rising demand for advance traffic classification solutions and self-optimizing networks (SONs). A major factor hampering growth of the global market is high infrastructure and maintenance costs of artificial intelligence (AI) based products.

The global market is segmented on the component, technology, deployment mode, application, and region. On the basis of component, the global market is segmented into solutions and services. The services segment is expected to witness significant growth in the global market during the forecast period.

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On the basis of technology, the global market is segmented into machine learning and deep learning and natural language processing (NLP). The machine learning segment is expected to witness significant growth in the global market during the forecast period.

On the basis of deployment mode, the global market is segmented into cloud and on-premises. The cloud segment is expected to witness fastest growth in terms of revenue in the global market over the next 10 years.

On the basis of application, the global market is segmented into customer analytics, network security, network optimization, self-diagnostics, virtual assistance, and others. The customer analytics segment is expected to witness highest growth in the global market over the forecast period.

On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounts for highest share and is expected to witness significant growth during the next 10 years. The Asia Pacific AI in telecommunication market is expected to witness fastest growth in the global market over the forecast period.

Key market players in the global market are: International Business Machines Corporation, Google Inc., AT&T Inc., Microsoft Corporation, Intel Corporation, Cisco Systems, Nuance Communications, Sentient Technologies, H2O.ai Inc., Infosys Ltd., Salesforce Inc., Nvidia Corporation, and other prominent players.

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