AI-enabled Testing Tools Market: Investments into Machine Learning and Pattern Recognition Growing

  • December 01, 2020
  • Future Market Insights (FMI)
  • News
AI-enabled Testing Tools Market: Investments into Machine Learning and Pattern Recognition Growing
AI-enabled Testing Tools Market: Investments into Machine Learning and Pattern Recognition Growing

According to a latest report by an ESOMAR certified market research and consulting firm, global AI-enabled testing tools market revenues will grow at over 13% CAGR through 2030.

Telecom firms are leveraging the potential of AI to manage and assess large volumes of big data in an effort to draw actionable insights and offer better customer experience (CX), enhance operations, and boost revenue with better quality products and services.

With study projecting that 20.4 billion connected devices will be in use globally by 2020, more communication service providers (CSP) are unleashing the power of AI-enabled maintenance and testing tools in telecom industry.


AI-enabled testing tools market: Key takeaways

  • Deployment of AI-enabled testing tools will rise at about 13% CAGR during 2020-2030

  • Adoption of machine learning and pattern recognition for deploying AI-enabled testing tools to remain prominent

  • North America will remain epicenter of value-capture opportunities, given strong presence of technology pioneers

  • Market players to focus on R&D as well as deployment of ML-based multiple agent archetype

“AI has helped telecom companies scale up growth and revenues, in tandem with improving network capacities and allowing faster processing of huge chunks of data. With usage of connected devices skyrocketing, more CSPs are leaping on the bandwagon, identifying the value of AI-enabled testing tools market,” said one analyst.


COVID-19 impact on AI-enabled testing tools market

With work from home (WFH) becoming the new normal amid the COIVD-19 pandemic, deployment of enterprise-level information and communication technology (ICT) is climbing.

Telecom operators are subsequently banking on remotely operable solutions and automation enhancement tools in a bid to assure optimal functioning and counter lag in productivity. This, is turn, is fueling adoption of AI-enabled testing tools, particularly in North America, Europe, and Asia Pacific (APAC).

AI will help telecom industry reimagine customer relationships by recognizing contextualized requirements and interacting with customers via hyper-customized one-to-one contacts.

The technology will help set up mobile-network and fixed-line bundles that combine teleconferencing, VPN, and productivity apps. Such bundles will specifically attract commercial customers whose consumption of telecom services has moved from workplaces to homes and from demand in field to fixed-line demand.


AI-enabled testing tools market–Competitive intelligence

Strategic collaborations and acquisitions have become key priority for established as well as emerging players in AI-enabled testing tools market. These firms are increasingly investing in R&D activities along with their peers to stay ahead of curve. For instance, Perforce Software–enterprise-level development lifecycle software solution provider–has taken over TestCraft Technologies Ltd. in a bid to expand its portfolio with AI-integrated codeless testing solution of the latter that performs autonomous codeless tests and curbs maintenance needs.

Appvance.ai–provider of AI-driven testing tools–has entered into collaboration with Innominds–software engineering service provider–with an aim to develop and deploy AI-enabled maintenance and testing tools in telecommunications industry.

These insights are based on a report on AI-enabled Testing Tools Market by Future Market Insights.

Read More

Did you enjoy this great article?

Check out our free e-newsletters to read more great articles..

Subscribe