According to a latest report by Future Market Insights (FMI), global AI-enabled testing tools market revenues will grow at over 13% CAGR through 2030.
| AI-Enabled Testing Tools Market Size (2022) | US$ 364.5 Mn |
| Sales Forecast (2030) | US$ 1.27 Bn |
| Global Market Growth Rate (2022 to 2030) | 16.9% CAGR |
| Share of Top 5 Players | 50% |
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 FMI 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.
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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
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.
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.
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AI-Enabled Testing Tools Industry Survey
AI-Enabled Testing Tools Market by Solution:
- AI-based Tools
- Services
AI-Enabled Testing Tools Market by Technology:
- Machine Learning and Pattern Recognition
- Natural Language Processing (NLP)
- Computer Vision and Image Processing
AI-Enabled Testing Tools Market by Application:
- Agility and Coverage
- Quality and User Experience (UX)
- Efficiency and Time-to-Market
AI-Enabled Testing Tools Market by Region:
- North America AI-Enabled Testing Tools Market
- Latin America AI-Enabled Testing Tools Market
- Europe AI-Enabled Testing Tools Market
- East Asia AI-Enabled Testing Tools Market
- South Asia & Pacific AI-Enabled Testing Tools Market
- Middle East & Africa (MEA) AI-Enabled Testing Tools Market
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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