PUBLISHER: KBV Research | PRODUCT CODE: 1245205
PUBLISHER: KBV Research | PRODUCT CODE: 1245205
The Latin America, Middle East and Africa AI in Telecommunication Market would witness market growth of 40.2% CAGR during the forecast period (2022-2028).
Governments are speeding up the rollout of 5G because they understand how crucial it is for digitalization and demand to promote automation & artificial intelligence in the telecom business. Fifth-generation technologies in the wireless communication sector are projected to be the driving force behind the Internet of Things (IoT), which is propelled by edge computing and AI, and digital transformation. In addition, the growing consumer demand for better services and a seamless customer experience is likely driving the implementation of artificial intelligence in communications.
Developing sophisticated AI and machine learning tools by telecom service providers enables estimating network traffic for any area. The outputs of AI systems are generally accurate, and businesses use them to improve network performance. As service providers have unrestricted access to data for any purpose, which they can use to their advantage, the demand for artificial intelligence in telecommunications is expected to increase.
The UAE Council for Artificial Intelligence and Blockchain started the establishment of an AI-friendly ecosystem to encourage research in the field and partnerships between the public and commercial sectors to hasten the deployment of AI technology.
A successful IoT and 5G ecosystem are being developed in the region because the UAE intends to create a 5G and IoT open lab. The lab encourages cooperation among ecosystem participants to spur innovation and assist the local growth of the ICT industry.
Together with higher capacity, the 5G network will stimulate the creation of new use cases tailored to certain business sectors. The bulk of 5G revenues is anticipated to come from the B2B market rather than the consumer segment. The region is expected to considerably increase AI in the telecom industry due to the region's growing use of 5G, IoT, and ML, thereby supporting market growth.
The Brazil market dominated the LAMEA AI in Telecommunication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $169.1 million by 2028. The Argentina market is registering a CAGR of 41% during (2022 - 2028). Additionally, The UAE market would garner a CAGR of 39.8% during (2022 - 2028).
Based on Technology, the market is segmented into Machine Learning, Natural Language Processing (NLP), Data Analytics, and Others. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Component, the market is segmented into Solution, and Service. Based on Application, the market is segmented into Network Optimization, Virtual Assistance, Customer Analytics, Self-Diagnostics, Network Security, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NVIDIA Corporation, AT&T, Inc., IBM Corporation, Infosys Limited, Intel Corporation, Microsoft Corporation, Salesforce.com, Inc., ZTE Corporation, Google LLC (Alphabet, Inc.), and Cisco Systems, Inc.
Market Segments covered in the Report:
By Technology
By Deployment
By Component
By Application
By Country
Companies Profiled
Unique Offerings from KBV Research
List of Figures