Global Autonomous Agents Market - Industry Trends and Forecast to 2028

The autonomous agents market will reach at an estimated value of USD 17,428.05 million and grow at a CAGR of 55.00% in the forecast period of 2021 to 2028. Rise in the number of AI applications is an essential factor driving the autonomous agents market.
Autonomous agents are defined as the type of intelligent agents that are programming elements performing certain set of tasks on the benefit of the owner with freedom, without any interference from the owner. They are smart software entities that automatically act depending on the scenario of the environment, in the reach of its own goal or agenda. These are based on artificial intelligence programmes that act on their own and respond to a given stimulus, without the involvement of human beings.
Rising access and use of parallel computational resources is a crucial factor accelerating the market growth, also rise in the costs of security and maintenance of on-premises solution, rise in the growth size and complexity of data sets, increase in the improvements and use of natural language processing (NLP), artificial intelligence (AI), machine learning (ML) and rise in the growth of large and complex data sets are the major factors among others boosting the autonomous agents market. Moreover, rise in the integration of AI with cloud and rise in the advancements in AI and Ml will further create new opportunities for autonomous agents market in the forecast period mentioned above.
However, rise in the issues related to unsupervised learning, rise in the need for heavy investment in converting unstructured data into structured data and lack of skilled workforce and absence of standards and protocols are the major factors among others restraining the market growth, while limited use cases of autonomous agents, increased network complexity and data privacy and security concerns will further challenge the autonomous agents market in the forecast period mentioned above.
This autonomous agents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the autonomous agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Autonomous Agents Market Scope and Market Size
The autonomous agents market is segmented on the basis of deployment type, organization size, . The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of deployment type, the autonomous agents market is segmented into cloud and on-premises.
• Based on organization size, the autonomous agents market is segmented into small & medium-sized enterprises (SMEs) and large enterprises.
• The autonomous agents market is also segmented on the basis of industry vertical into BFSI, IT & telecom, healthcare, manufacturing and transportation & mobility.
Autonomous Agents Market Scope Country Level Analysis
The autonomous agents market is analysed and market size, volume information is provided by country, component, deployment, service type and end-users as referenced above.
The countries covered in the autonomous agents market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the autonomous agents market due to flexible economic conditions, rise in the industrialization and globalization policies of the governments, and the increase in the expansion of digitalization in this region.
The country section of the autonomous agents' market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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