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AI in Telecommunication Market Revenue, Trends, Market Share Analysis, and Forecast to 2032
The global Artificial Intelligence (AI) in telecommunication market size was USD 1.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 41.4% during the forecast period. Rising adoption of AI solutions in various telecom applications, increased need for monitoring the content spread on telecommunication networks, and advent of Fifth Generation (5G) technology in smartphones are key fact... moreAI in Telecommunication Market Revenue, Trends, Market Share Analysis, and Forecast to 2032
The global Artificial Intelligence (AI) in telecommunication market size was USD 1.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 41.4% during the forecast period. Rising adoption of AI solutions in various telecom applications, increased need for monitoring the content spread on telecommunication networks, and advent of Fifth Generation (5G) technology in smartphones are key factors driving market revenue growth. Artificial Intelligence (AI) in telecom uses software & algorithms to estimate human perception, to analyze big data such as data consumption, call record, and use of the application, to improve the customer experience. Telecom companies use AI primarily for customer service applications, for instance, use of chatbots and virtual assistants to address various support requests for installation, maintenance, and troubleshooting. Field and service operations make up 60% to 70% of the majority of telecommunications operational budgets, which can be resolved by applying Artificial Intelligence (AI) for its immediate and significant benefits.
