Seattle, WA -- (SBWIRE) -- 11/14/2019 -- The advent of artificial intelligence service has tremendously changed the outlook of the economy as it is emerging as a gold mine with infinite opportunities for every sector. The onset of AI in the telecom industry has not only to allow to invest but also help to achieve better performance and additional profit. With the adoption of AI in the telecom industry, the telecom industry can respond to any significant overload that may arise. It also helps to optimize service quality by forecasting future networking usage and better customer targeting and personalized upselling. Moreover, the installation of AI has predominantly improved customer service with chat Bots.
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Market Segment by Companies, this report covers
NVIDIA, Alphabet, Cisco Systems, IBM, Sentient Technologies, IBM, Intel, Jibo
Market Segment by Type, covers
Solutions
Services
Market Segment by Applications, can be divided into
Customer analytics
Network security
Network optimization
Self-diagnostics
Others
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Telecom Artificial Intelligence Software, Hardware and Services.
This report studies the Telecom Artificial Intelligence Software, Hardware and Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Telecom Artificial Intelligence Software, Hardware and Services market by product type and applications/end industries.
Rising demand for making a simpler and easier process and reduce network congestion is the prime factor fueling market growth. Moreover, the growing need for monitoring content in the telecom industry and reduce human error from the telecom industry is also expected to propel the market growth. Furthermore, increasing penetration of 5G technologies is expected to open new doors of opportunities to market growth. For instance, in February 2019, Huawei has introduced its 5G Network and SoftCOM AI Solutions at MWC 2019 exhibition. Simplified 5G sites, architecture, protocols, and operations & maintenance (O&M) are newly launched products. These new offerings promise to help operators quickly deploy 5G networks on a large scale. Huawei has also launched the SoftCOM AI solution, for autonomous driving networks of the future and maximize the value of telecom networks.
From the regional perspective, North America is expected to exhibit significant growth over the forecast timeframe and this can be attributed to owing to high adoption of AI solutions across the telecom industry for improving network security, virtual assistance, and network optimizing. Also, strong the presence of leading solution providers such as Cisco Systems and Deloitte is further expected to propel market growth.
In February 2019, Globacom has launched the next-generation AI platform for the telecom industry. This software is believed to engage customers directly and assist them to get information on pressing issues. It will also support customers to choose the most convenient data and talk plan in both the prepaid and postpaid categories, resolve general and specific issues such as balance inquiry/Value Added Service (VAS) and respond to customer inquiries 24/7 without any human interface.
Key Developments-
- In August 2019, Telecom and mobile data major Reliance Jio has partnered with California-based Guavus for artificial intelligence (AI) to enhance Jio's services to its customers and also address critical service operations.
- In February 2019, Telecom Egypt and Ericsson completed the deployment of Artificial Intelligence (AI) to its full-stack telco cloud infrastructure. By this partnership, the telecom industry has moved into cloud automation especially with the introduction of Cloud Native in 5G.
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