The Communications and Utilities industry, comprising sub-industries such as Telecommunications and Utilities, is essential for modern infrastructure and economic growth. The global telecommunications market is projected to reach $2.5 trillion by 2025, driven by advancements in 5G technology and increasing internet penetration. Meanwhile, the global utilities market, encompassing electricity, water, and gas, is expected to grow to $5.4 trillion by 2026, with a CAGR of 6.1%, fueled by the rising demand for sustainable energy solutions and smart grid technology.
14bn
Latency issues are being optimized with the help of AI, leading to innovative methods for distributing and locating communication ports, resulting in better outcomes and enhanced connectivity. Discover how communications companies are leveraging AI to reduce costs and increase efficiency.
5G
Telecommunication companies are competing fiercely to capitalize on the rapidly evolving regulations in 5G spectrum allocation. New rules are being implemented to ensure a more equitable distribution of the network across the country, promising enhanced connectivity and coverage.
33%
In the utilities sector, AI is revolutionizing predictive maintenance and supply forecasting. By leveraging advanced analytics and machine learning, utilities can anticipate equipment failures and optimize resource allocation. This enables them to offer more accurate and reliable services to their customers, ultimately improving efficiency and reducing downtime.
