Europe Ai In Telecommunication Market Size & Outlook
Europe ai in telecommunication market, 2016-2027 (US$M)
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Europe ai in telecommunication market highlights
- The Europe ai in telecommunication market generated a revenue of USD 252.3 million in 2020.
- The market is expected to grow at a CAGR of 35.5% from 2021 to 2027.
- In terms of segment, customer analytics was the largest revenue generating application in 2020.
- Virtual Assistance is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 252.3 million |
| Market revenue in 2027 | USD 2,113.2 million |
| Growth rate | 35.5% (CAGR from 2020 to 2027) |
| Largest segment | Customer analytics |
| Fastest growing segment | Virtual Assistance |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Network Security, Network Optimization, Customer Analytics, Virtual Assistance, Self-Diagnostics |
| Key market players worldwide | International Business Machines Corp, Microsoft Corp, Intel Corp, Alphabet Inc Class A, AT&T Intellectual Property, Cisco Systems Inc, Nuance Communications, Evolv Technologies Holdings Inc Ordinary Shares - Class A, Bling H2O, H2O.ai, Infosys Ltd ADR, Salesforce Inc, NVIDIA Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.2% of the global ai in telecommunication market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,992.1 million by 2027.
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AI In Telecommunication Market Scope
AI In Telecommunication Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe ai in telecommunication market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in telecommunication market will help companies and investors design strategic landscapes.
Customer analytics was the largest segment with a revenue share of 28.89% in 2020. Horizon Databook has segmented the Europe ai in telecommunication market based on network security, network optimization, customer analytics, virtual assistance, self-diagnostics covering the revenue growth of each sub-segment from 2016 to 2027.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ai in telecommunication market, including forecasts for subscribers. This continent databook contains high-level insights into Europe ai in telecommunication market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe artificial intelligence telecommunication market size, by country, 2016-2027 (US$M)
Europe AI In Telecommunication Market Share, 2020 & 2027 (US$M)
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