Autonomous Agents Market is to rising US$ 20.9 Billion in 2032

The global autonomous agents market is estimated at US$ 818 Million in 2021 and is projected to reach US$ 1.3 Billion by 2022. The market is expected to reach US$ 20.9 Billion by 2032 while recording a CAGR of 32.5% during the forecast period from 2022 to 2032. A robot can be used in factories to get information about each worker's performance using robots and autonomous agents.

A company like Amazon uses robotics and autonomous agents in their warehouses to retrieve purchases from the shelves. The proliferation of global network connectivity in remote locations is making it easier for individuals to make independent decisions across various industry verticals, like manufacturing, retail, and transportation.

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Key Takeaways

The global autonomous agents market is currently valued at US$ 20.9 Billion, with a CAGR of 32.5% during the forecast period.
By deployment type, the on-premises autonomous agents segment to expand at a CAGR of 32.1% during the forecast period
In the U.S., the market is predicted to reach a CAGR of 32.2% during the forecast period.
China's market will grow at a 31.6% CAGR during the forecast period.
IT and Telecom industries to record a CAGR of 29% during the forecast period.
Japan is expected to reach a CAGR of 30.4% during the forecast period between 2022 and 2032.

Competitive Landscape

Key Players that have been profiled in the report are IBM, SAP, AWS, SAS, Infosys, Nuance Communications, Fico, Affectiva and Intel Innovative products and technologies will allow customers to benefit from new technologies.

Semiotic, a core developer for The Graph, will join in December 2021 and receive a $60 million grant over 8 years to support protocol development. As a result of this grant, The Graph ecosystem and Semiotic AI, a startup that builds secure, autonomous agents for decentralized markets, continue to strengthen their relationship. As a Graph Grantee, Semiotic has been working closely with the Edge & Node team since March. In order to complete The Graph, Semiotic will also collaborate with other core developer teams and the rest of the community.

Micropsi raised $30 M in February 2022 to retrain industrial robots using human demonstrations. Using artificial intelligence, Micropsi claims that it can generate robot movements in real-time, and it can keep track of variations in position, color, and lighting. Moreover, the robot can also be trained to perform various tasks, including the detection of leaks in industrial machinery, the securing of screws and the insertion of cables into products, and the sorting of objects on an assembly line, according to the company.

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Key Segments Covered In The Autonomous Agents Industry Report

Autonomous Agents by Development Type:

On-premises Autonomous Agents Deployment
Cloud-based Autonomous Agents Deployment

Autonomous Agents by Organization Size:

Autonomous Agents for Large Enterprises
Autonomous Agents for SMEs

Autonomous Agents by Vertical:

Autonomous Agents for BFSI
Autonomous Agents for IT and Telecom
Autonomous Agents for Manufacturing
Autonomous Agents for Healthcare
Autonomous Agents for Transportation and Mobility
Autonomous Agents for Other Verticals

Autonomous Agents by Region:

North America Autonomous Agents Market
Europe Autonomous Agents Market
Asia Pacific Autonomous Agents Market
Middle East and Africa Autonomous Agents Market
Latin America Autonomous Agents Market

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global autonomous agents market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

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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.

This release was published on openPR.