Generative AI in Telecom expected to reach $18,364.8 million by 2033!

NewsWires.com reported that “The Global Generative AI in Telecom Market is on a remarkable growth trajectory, expected to expand from USD 298.0 million in 2023 to USD 18,364.8 million by 2033, at an impressive CAGR of 51% during the forecast period. Several factors are contributing to this rapid growth.”  The January 27, 2025 article entitled " Generative AI in Telecom Market Boost Significant Transformation Growth By USD 18,364.8 Mn By 2033 From USD 298.0 Mn” (https://www.einnews.com/pr_news/780630105/generative-ai-in-telecom-market-boost-significant-transformation-growth-by-usd-18-364-8-mn-by-2033-from-usd-298-0-mn) included these comments:

First, demand for improved customer service is driving telecom companies to adopt AI-driven solutions for enhanced customer support, including AI-powered chatbots, automated service platforms, and predictive analytics for troubleshooting. This is improving efficiency and reducing operational costs.

Another major factor is the need for network optimization. Generative AI allows telecom companies to enhance network management, predictive maintenance, and service quality, ensuring optimal performance and reducing downtime. The growing use of 5G technology and the Internet of Things (IoT) also fuels demand for smarter, AI-enhanced systems to handle complex data processing and improve service delivery.

Great news for Generative AI in Telecom, but not a surprise!