Press release
Autonomous Agents Market: Demand, Growth Challenges, Industry Analysis And Forecasts To 2033
Autonomous Agents Market
The autonomous agents market size is expected to see exponential growth in the next few years. It will grow to $14.31 billion in 2028 at a compound annual growth rate (CAGR) of 51.6%. The growth in the forecast period can be attributed to exponential growth of edge computing, advancements in natural language processing (nlp), focus on explainable ai (xai), regulatory frameworks for autonomous systems, enhanced security measures. Major trends in the forecast period include cross-industry collaboration, increased adoption of 5g technology, cloud computing infrastructure, swarm robotics, reinforcement learning advancements.
Market Overview -
Autonomous agents are software entities capable of performing tasks and making decisions without direct human intervention. They utilize advanced technologies like artificial intelligence to operate independently in various applications, such as robotics, smart devices, and autonomous vehicles.
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Rising Automation Initiatives Fuel Growth In The Autonomous Agent Market
Growing automation across several industries is expected to propel the growth of the autonomous agent market going forward. Automation refers to the use of technology to execute tasks with minimal human involvement by employing various tools and techniques to replace manual effort with machines, software, or programmed processes. Autonomous agents are used in automation as they enable one to perform tasks faster and more accurately than humans by automating repetitive, time-consuming tasks and enabling more efficient processes. For instance, in December 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union, around 28% of large EU enterprises used artificial intelligence technologies, and 8% of EU enterprises had implemented artificial intelligence technologies in 2021. Additionally, around 53% of EU enterprises implemented ready-to-use commercial artificial intelligence software or systems in 2021. Therefore, growing automation across several industries is driving the autonomous agent market.
Competitive Landscape -
Major companies operating in the autonomous agents market report are Amazon Web Services, Alphabet Inc., Microsoft Corporation, The Boeing Company, Intel Corporation, Airbus SE, IBM Corporation, Oracle Corporation, SAP SE, Uber Technologies Inc., SZ DJI Technology Co. Ltd., ABB Ltd., Salesforce Inc., NVIDIA Corporation, IDC (International Data Corporation), Infosys Limited, Aptiv PLC, Gartner Inc., Yaskawa Electric Corporation, KUKA Robotics, AOS Group., SAS Institute, Nuance Communications Inc., Boston Dynamics, Brain Corp, Fetch.AI, Hanson Robotics, Affectiva
Innovative Autonomy Platforms Redefine The Landscape
Major companies operating in the autonomous agent market are increasing their focus on developing innovative autonomy platforms, such as BrainOS, to gain a competitive edge in the market. An autonomy platform is a comprehensive software and hardware framework that allows autonomous systems (such as robots or unmanned vehicles) to independently make decisions without human intervention. For instance, in November 2022, Brain Crop, a US-based AI software company, launched its third-generation autonomy platform, BrainOS, to power the next generation of autonomous commercial robots. This platform offers original equipment manufacturers (OEMs) a shorter time to market for high-volume automated robotics and data collection products. The new platform is expected to enable various robotic advances, including improved localization and navigation performance, enhanced safety and reliability, improved human-robot interaction, and a modular architecture for faster and easier product development.
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Key Segments -
The autonomous agents market covered in this report is segmented -
1) By Deployment Type: Cloud, On-Premises
2) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
3) By End User: Information Technology And Telecommunication, Banking, Financial Services And Insurance (BSFI), Healthcare, Transportation And Mobility, Manufacturing, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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