Telecommunications Industry Investment in Artificial Intelligence Software, Hardware, and Services Will Reach $36.7 Billion Annually by 2025, According to Tractica | Business Wire
BOULDER, Colo.–(BUSINESS WIRE)–The telecommunication service provider market has historically been a capital-intensive industry with high fixed costs, which has put pressure on network operators to control their operating expenses, particularly human capital. This tension surrounding profitability is intensifying. Many network operators crossed the point where revenue per bit is lower than cost per bit in 2017. Telecom operators are threatened by fast and highly efficient web-scale companies and are straining under the challenge of digital transformation. On top of all that, telecom operators must solve how to profitably manage and operate the dizzyingly complex next-generation 5G/Internet of Things (IoT) networks.
According to a new report from Tractica, these market conditions and economic pressures will drive significant demand among telecom network operators for artificial intelligence (AI)-driven automation solutions in the years ahead. The market intelligence firm forecasts that global telecommunications industry investment in AI software, hardware, and services will reach $36.7 billion annually by 2025