Autonomous Agents Market Projected to reach $2,992 million by 2024 | Key players include Oracle, IBM, SAP, AWS and SAS

According to recent research "Autonomous Agents Market by Deployment Type (Cloud and On-premises), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, IT and Telecom, Manufacturing, Healthcare, Transportation and Mobility), and Region - Global Forecast to 2024", the autonomous agents market is expected to grow from USD 345 million in 2019 to USD 2,992 million by 2024, at a Compound Annual Growth Rate (CAGR) of 54% during the forecast period. The major factors driving the autonomous agents market include the growing adoption of AI-based applications and increased availability of parallel computing resources.

Browse 31 market data Tables and 29 Figures spread through 95 Pages and in-depth TOC on "Autonomous Agents Market”
https://www.marketsandmarkets.com/Market-Reports/autonomous-agents-market-201425821.html?utm_source=Openpr

The on-premises segment to hold the highest market share in the global autonomous agents market during the forecast period

On-premises deployment of autonomous agents solutions requires initial high investment by organizations, though it does not require incremental costs throughout the ownership, as in the case of cloud deployment type. Moreover, security concern associated with private data of customers is a major reason for the adoption of on-premises deployment over the cloud. These types of deployments are popular across large-sized enterprises.

SMEs to grow with the fastest CAGR during the forecast period

Autonomous agents assist Small and Medium-sized Enterprises (SMEs) to automate the business process that reduces the necessity for humans to perform the tedious task. Cost-effectiveness is an essential need for SMEs, as they are always constrained by limited budgets, which leaves them with limited ways to market themselves and gain visibility. To compete with large organizations, SMEs are expected to adopt autonomous agents at a higher rate during the forecast period, to enhance operational productivity.

Ask for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=201425821&utm_source=Openpr

North America to have the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period in the autonomous agents market, owing to the early adoption and host to innovative initiatives for Artificial Intelligence (AI), Natural Language Processing (NLP), and Machine Learning (ML). Though the trend is observed globally, in North America, it has prevailed due to the presence of the following factors affecting the development and growth of autonomous agents: state-of-the-art infrastructure, high funding opportunities, widespread customer base across several industries, conducive environment for innovation, and availability of highly-skilled workforce. Furthermore, autonomous agents companies in this region are targeting higher revenues and business expansions due to the stiff competition and demand prevailing across the North American region. In addition, the US and Canada contribute majorly toward the adoption and growth of new technologies, both being the most developed economies in the region. With a well-established economy and advanced technological development, funding opportunities in autonomous agents and related technologies have been the highest in these countries.

Major vendors offering autonomous agents across the globe include Oracle (US), IBM (US), SAP (Germany), AWS (US), SAS (US), Infosys (India), Nuance Communications (US), FICO (US), Fetch.AI (UK), Affectiva (US), Intel (US), Salesforce (US), Aptiv (Ireland), Google (US) and Microsoft (US).

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

This release was published on openPR.