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Autonomous Agents Market Size, Growth, Industry Trends, Demand And Forecast Report 2024 to 2033
Autonomous Agents Market
Autonomous Agents Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $14.31 billion In 2028 At A CAGR Of 51.6% :
The autonomous agents market size has grown exponentially in recent years. It will grow from $1.78 billion in 2023 to $2.71 billion in 2024 at a compound annual growth rate (CAGR) of 51.9%. The growth in the historic period can be attributed to advancements in artificial intelligence (AI), increased data availability, rise of internet of things (iot), demand for automation, integration with robotic systems.
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.
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Autonomous Agents Market Major 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 Driver - 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.
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Prominent Trend - 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.
Autonomous Agents Market Players
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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the autonomous agents market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Autonomous Agents Market Report Structure
3. Autonomous Agents Market Trends And Strategies
4. Autonomous Agents Market - Macro Economic Scenario
5. Autonomous Agents Market Size And Growth
…..
27. Autonomous Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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