AI in Telecom Market Ecosystem 2020: Popular Trends, Growth, Rising Demand & Progressive Technologies to Watch Out For Near Future
Jan 28, 2020
The AI in Telecom Market ecosystem report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2026.
Fremont, United State - January 27, 2020 /MarketersMedia/ —
AllTheResearch illustrates the competitive market for AI in telecom ecosystem that includes strategic players such as Microsoft, Google, Amazon, and others. The major players in the market are mainly focused on mergers and acquisitions, partnerships, product expansion, and other such strategies for strengthening their presence in the market. Nokia announced the launch of its own machine learning platform AVA, a cloud-based network management solution, in order to plan the capacity of production and predict service degradations.
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The global AI in Telecom Market ecosystem was valued US$ 4,619.5 Mn in 2018 and is expected to reach US$ XX Mn by 2023, growing with a CAGR of 30.5% during the forecast period. The increasing use of artificial intelligence by telecom companies to improve customer satisfaction has been driving the growth of AI in telecom market ecosystem in recent years. Virtual assistants are used by companies such as Verizon, AT&T, Comcast, and others to automate the process of handling client queries. Moreover, as telecom companies handle large amounts of data, there is a demand for artificial intelligence among them in order to streamline various processes. Telcos use the artificial intelligence technology for handling huge volumes data in order to generate actionable insights. These insights are further used by Telcos for enhancing their customer experience and market position.
According to AI in Telecom Market ecosystem study in 2019, Vodafone witnessed 68 percent improvement in customer satisfaction due to the introduction of its TOBi chatbot, as this chatbot helps the company handle customers’ queries, identify sales opportunities, and introduce new products without any human intervention. At the same time, the Dutch telecom company KPN has started using predictive analysis technology for analyzing the note generated by call center agents, in order to make changes in the interactive voice response (IVR) system.
AI in Telecom Market ecosystem: Segmentation
AI in Telecom Market ecosystem is analyzed by components like Processors, Memory, Storage, FPGA, ASIC, Modules also by Technology like Machine Learning, Deep Learning, Computer Vision, Context Awareness, Predictive Analytics and Others
AI in Telecom Market ecosystem is also analyzed by Product, Parts & devices like Smartphones and Tablets, Workstation Systems and others
AI in Telecom Market ecosystem is also analyzed by application like Fraud Reduction, Cybersecurity, Network Security, Network Optimization, Customer Analytics, Virtual Assistance, Network Operations & Monitoring Management, Security & Surveillance, Recommendation Engines, Inventory Management , Others
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The U.S. is expected to dominate the North America market, owing to an increase in service revenue of telecom companies. T-mobile in the US is expected to increase its service revenue by 5%-7%, while Verizon and AT&T are expected to experience a growth by 0-2% by 2020. Further, the Asia Pacific region is expected to grow at the fastest pace during the forecast period.
Table of Content
Introduction
AI in Telecom Market Ecosystem Positioning
AI in Telecom Market Ecosystem Trend Analysis
AI in Telecom Ecosystem Regulatory Analysis
AI in Telecom ecosystem Sizing, Volume and ASP Analysis & Forecast
AI in Telecom Market Ecosystem Competitive Intelligence
AI in Telecom Market Ecosystem Company Profiles
AI in Telecom Ecosystem Developments
Customizations
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AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference.
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