The worldwide artificial intelligence in telecommunication market is expected to be worth USD 1,180.9 million in 2023 and USD 14,496 million by 2033, with a CAGR of 28.5% from 2023 to 2033.
The deployment of 5G technology in mobile networks, along with the increasing demand for reliable and effective network management approaches, has fueled the expansion of artificial intelligence in the telecommunications business.
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Developing smartphone AI-embedded adoption and rising acceptance of AI solutions in various telecom sectors are predicted to drive consumption of artificial intelligence in telecommunication.
The demand for artificial intelligence in telecommunication is expected to grow as AI is increasingly deployed in customer care applications by telecom companies. Some of the significant trends in artificial intelligence in the telecommunications business are the usage of chatbots and virtual assistants to manage a large volume of setup, upkeep, and troubleshooting support requests.
Governments throughout the world are hastening the implementation of 5G, recognizing the importance of modernization and demand in driving automation and artificial intelligence in the telecommunications business.
The Internet of Things (IoT), which is powered by cloud computing and AI, and digital change are likely to be propelled by fifth-generation wireless communication technologies across the business. Further, the rise in consumer demand for improved services and a more seamless customer experience is likely to accelerate the deployment of artificial intelligence in telecommunications.
Key Takeaways
- The market expanded at a 26% CAGR over the last five years.
- By 2033, North America is expected to account for the second highest portion, with a value of USD 2,100 million.
- By 2033, the consumer analytics category is expected to have a significant market share, with a valuation of USD 2,350 million.
- Europe is expected to dominate the artificial intelligence market in telecommunications by 2033, with a CAGR of 26.5% from 2023 to 2033.
- The Middle East and Africa (MEA) market is expected to be worth USD 500 million.
Competitive Landscape
- In July 2023, the Telecom Regulatory Authority of India (TRAI) made recommendations for the deployment of artificial intelligence and big data in the telecommunications business. Among the key issues addressed in these ideas are the creation of an AI regulator and a wider scope for TRAI’s contribution to spam control.
- In August 2023, Alepo released TelcoBot.ai, a generative AI chatbot system designed exclusively for telecommunications companies to optimize productivity, increase customer help and engagement, collect critical consumer information, and prioritize safeguarding data.
Key Players
- IBM Corporation
- Microsoft
- Intel Corporation
- AT&T Intellectual Property
- Cisco Systems
- Nuance Communications, Inc.
- Evolv Technology Solutions, Inc.
- H2O.ai
- Infosys Limited
- Salesforce.com, Inc.
- NVIDIA Corporation
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Artificial Intelligence in Telecommunication market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Deployment (Cloud-based, On-premises), Application (Network Security, Network Optimization, Customer Analytics, Virtual Assistance, Self-Diagnostics, Others), and Region.
Artificial Intelligence in Telecommunication Market: Key Segmentation
By Deployment:
- Cloud-based
- On-premises
By Application:
- Network Security
- Network Optimization
- Customer Analytics
- Virtual Assistance
- Self-Diagnostics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
