Seattle, WA -- (SBWIRE) -- 09/18/2019 -- Artificial intelligence (AI) is group of methodology that focus on formation of intelligent machines with the help of human intelligence such as visual perception, speech recognition, decision-making, and translation between languages. The main application of artificial intelligence in telecommunications is for network management. The two key technologies that are widely in telecommunication industry are expert systems and machine learning.
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The Artificial Intelligence in Telecommunication Market to grow at a substantial Compound Annual Growth Rate during the forecast period 2018-2026. Artificial Intelligence in Telecommunication Market Report Segmented by Regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW). Market segmentation by Product Type and Applications are mentioned.
The key industry players include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, Microsoft Corporation, and others.
Advent of The fifth generation of mobile networks (5G) and Internet of Things (IoT) technologies, to build future networks is expected to aid in integration of AI in telecom industry. Mobile networks have to deal with heterogeneous data coming from all over the world and from a huge variety of systems, retailers and network types and they should have the ability to act in real-time.
To solve these issues in the telecom industry, machine learning tools are used, which is used to tackle the churning prediction problem. The methods used for solving churning problem includes artificial neural networks, decision trees learning, regression analysis, logistic regression, support vector machines, naive Bayes, sequential pattern mining and market basket analysis, linear discriminant analysis, and rough set approach.
North America held a dominant position in the global artificial intelligence market in telecom industry in 2016, and is expected to retain its dominance throughout the forecast period. This is due to increasing adoption of AI solutions and consumers in the region been early adopters of new technologies. In November 2017, according to Genpact survey of working population across the developed economies that included the U.S., the U.K., and Australia showed high inclination towards adoption of AI in industries including telecommunication. Genpact is a global professional services firm delivering digital transformation.
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Asia Pacific market is estimated to exhibit the highest CAGR over the forecast period. This is attributed to rising adoption of machine learning and natural language processing technologies and several 5G pilot projects. This is expected to boost the AI market in telecom industry. For instance, China Telecom Corporation Ltd. established a new 5G base station in Lanzhou on December 2017 to expand 5G pilot projects in China.