Global AI in Telecommunication Market Size to Reach USD 54.51 Billion in 2032 | Emergen Research
Rising adoption of AI solutions in various telecom applications and advent of 5G technology in smartphones are key factors driving AI in Telecommunication market revenue growth.
November 14, 2023 07:53 ET| Source: Emergen ResearchFollow
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Vancouver, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The global Artificial Intelligence (AI) in telecommunication market size was USD 1.70 Billion in 2022 and is expected to register a steady revenue CAGR of 41.4% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of AI solutions in various telecom applications, increasing need for monitoring the content spread on telecommunication networks, and advent of 5G technology in smartphones are key factors driving market revenue growth. 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. Governments all over the world are focusing on implementing 5G as a result of their understanding about how it would affect society and the economy's digital revolution. 5G technologies are expected to drive digital transformation, Internet of Things (loT), edge computing, and Al in the cellular communication sector.