THE LEADING RESEARCH REPORTS DISTRIBUTION
NETWORK

icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research

Artificial Intelligence Market: Factors Influencing The Growth Rate in Software,Application Software,Software & Services sector to reach CAGR of 48.07% in terms of revenue in 2023




Dec 3, 2019



Artificial Intelligence Market report provides various information strategies adopted by market players including recent collaborations, new product launches, merger and acquisitions, are provided in the report in detail. Economic trends and other insightful updates are provided for this niche market in order to present an image of the market. Leading manufacturers like Alphabet, Cisco Systems, IBM are adopting various strategies in order to gain a strong foothold in the Artificial Intelligence market and this will bode well for the market in the long run. According to the research Artificial Intelligence Market was valued at USD XX.XX Billion in 2019 and is expected to reach USD 2.54 billion by year 2023, at a CAGR of 48.07%.

Request for Sample PDF of Report@https://www.360marketupdates.com/enquiry/request-sample/13576051

About Artificial Intelligence Market:Maintenance of equipment such as mobile towers in the telecommunication industry is one of the key factors that can enhance equipment performance and enable cost saving. Service providers in this industry must be able to effectively monitor their equipment and infrastructure such as servers in data centers and set-top boxes to ensure a secure and reliable network. Maintaining equipment reduces downtime and improves effectiveness. Predictive maintenance enables enterprises to predict the time when equipment failure can occur which in turn will support them to prevent failure by performing maintenance. Hence the use of Al can help enterprises in the effective predictive maintenance which in turn will lead to an increase in adoption of Al in the telecommunication industry. Growing investments in the 5G network are identified as an emerging trend that will impact the growth of the global AI in the telecommunication market. 5G network is the latest mobile wireless technology which is an upgraded version of the previous 4G network. The technology enhances download speeds, enables networks to connect to various devices and improves response times. AI will help 5G providers to optimize their investment, improve operation and maintenance efficiency, and reduce cost, Thus, with an increase in investment in the 5G network, the market for AI is also expected to grow in the telecommunication industry. These factors will help the market to grow at a CAGR of nearly 47% during the forecast period. Our research analysts have predicted that the global artificial intelligence market in the telecommunication industry will register a CAGR of nearly 47% by 2023.

Market Overview

  • Increasing use of AI of network optimizationAl can help telecom providers to build self-optimizing networks (SONs), which provide network operators the ability to automatically optimize their network quality depending on traffic information by time zone and region.
  • This, in turn, will enable enterprises to optimize their inventory by making orders based on the estimated demand, current inventory level, and lead time.
  • Poor availability of skilled workforce and high cost of implementing AIA major challenge for the growth of Al in the telecommunication industry is the lack of technical expertise among the workforce.
  • Enterprises implementing Al are required to have sound knowledge on working with Al software platforms and periodic servicing necessities to ensure smooth operations.
  • The lack of technical knowledge can impact the demand for Al in the telecommunication industry.
  • For the detailed list of factors that will drive and challenge the growth of the artificial intelligence market in the telecommunication industry during the 2019-2023, view our report.

Competitive landscape

  • The AI market in the telecom industry is moderately fragmented and will become more so during the next five years.
  • This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s Competitive landscape and offering information on the products offered by companies..

Porter’s five forces analysis included in the report educates the buyer on the current situations along with anticipated future Artificial Intelligence market size.

Fill the Pre-Order Enquiry form for the report@https://www.360marketupdates.com/enquiry/pre-order-enquiry/13576051

The report splits the global Artificial Intelligence market intothe Americas, Asia-Pacific, Europe, the Middle East, and Africa Region. The Artificial Intelligence Market report provides a detailed analysis of the key players in the market which provides a company overview,financial overview, service offering, different strategies used by them, and comprehensive SWOT analysis of –

  • Alphabet, Cisco Systems, IBM, Intel, Microsoft

The CAGR of each segment in the Artificial Intelligence market along with the global market (as a whole) is explained with great ease. Also, global and regional Artificial Intelligence market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.

Purchase this report (Price 2500 USD for a single-user license) @https://www.360marketupdates.com/purchase/13576051

Influencing Factors of Market:

  • Market Environment:- Government Policies, Market Risks, Technological Changes,
  • Market Drivers:- Progressing Demand, Cost Reduction, Market Opportunities, Limits, and Challenges.
  • Market Size:- Global Size, by Type/Product Category, Applications/End Users, and By Regions/Geography.
  • Key Data:- Market Size, Market Share, Product Sales Price, Growth, and Growth Rate.

Research objectives of the Artificial Intelligence market report:

  • To analyze the Artificial Intelligence consumption (value and volume), product type and application, history data and forecast to 2023.
  • To understand the structure of the Artificial Intelligence market by identifying its various subsegments.
  • Focuses on the key Artificial Intelligence manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, swot analysis and development plans in the next few years.
  • To analyze the Artificial Intelligence market with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Be sure to follow on Linkedin at @360 Market Updatesfor more on growth research and the research market.

CONTACT US

Name: Mr. Ajay More

Email: sales@360marketupdates.com

Organization: 360 Market Updates

Phone: +1 424 253 0807 / + 44 203 239 8187

You May Check Our Other Report –

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Artificial Intelligence Market: Factors Influencing The Growth Rate in Software,Application Software,Software and Services sector to reach CAGR of 48.07% in terms of revenue in 2023

Tags:
, Wire, Research Newswire, English