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Autonomous AI And Autonomous Agents Market: Detailed Overview, Market Trends, and Future Growth Prospects
Autonomous AI And Autonomous Agents Market
Autonomous AI And 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 $30.35 billion In 2028 At A CAGR Of 43.8%.
The autonomous ai and autonomous agents market size has grown exponentially in recent years. It will grow from $4.93 billion in 2023 to $7.09 billion in 2024 at a compound annual growth rate (CAGR) of 43.8%. The growth in the historic period can be attributed to increased computing power, growth of internet of things (iot), edge-to-cloud integration for seamless functionality, enhanced connectivity infrastructure, increasing demand for automation.
The autonomous ai and autonomous agents market size is expected to see exponential growth in the next few years. It will grow to $30.35 billion in 2028 at a compound annual growth rate (CAGR) of 43.8%. The growth in the forecast period can be attributed to customization and personalization of ai solutions, growing focus on cybersecurity for ai systems, proliferation of ai in healthcare applications, rising demand for industry-specific solutions, rise of edge intelligence. Major trends in the forecast period include technological advancements in machine learning, advancements in sensor technologies, advances in computer vision, development of robotic operating systems, advances in natural language processing, ai-powered virtual assistants and chatbots.
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Autonomous AI And Autonomous Agents Market Major Segments
The autonomous ai and autonomous agents market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context Awareness, Computer Vision
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Retail And Ecommerce, Telecommunications, Manufacturing, Healthcare And Life Sciences, Energy And Utilities, Automotive, Transportations And Logistics, Government And Defense, Media And Entertainment, Other Verticals
Key Driver - Surging AI Applications To Drive Market Growth
Increasing AI applications are expected to propel the growth of the autonomous AI and autonomous agents market going forward. AI applications refer to practically implementing and utilizing artificial intelligence (AI) technologies in various domains and sectors. Autonomous AI and autonomous agents use AI for enhanced efficiency, improved decision-making, risk reduction, and cost savings. For instance, in November 2022, according to reports shared by Salesforce Inc., a US-based software company, 57% of businesses used AI applications to improve customer service in 2022. Furthermore, in April 2023, according to Forbes Media LLC, a US-based media company, for internal communications, over half (46% of business owners) utilized AI, 97% of company owners think ChatGPT would benefit their operation, and 73% of business firms will use AI-powered chatbots for instant messaging in 2022. Therefore, increasing AI applications are driving the growth of the autonomous AI market.
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Prominent Trend - Cutting-Edge AI Technological Data Platform Transforming The Autonomous Ai And Autonomous Agent Market
AI technological data platforms are a key trend gaining popularity in the autonomous AI and autonomous agent market. Major companies operating in the autonomous AI and autonomous agent market are focused on developing innovative AI technological data platforms to sustain their position in the market. For instance, in May 2023, International Business Machines Corporation (IBM), a US-based technology company, launched the Watsonx platform, a new AI and data platform. This innovative next-generation AI data platform is designed to help businesses scale and accelerate the impact of the most advanced AI with trusted data. Watsonx is built on top of IBM Cloud Pak for Data, and it includes several new features that make it easier for businesses to build, deploy, and manage AI models. Additionally, Watsonx is a powerful platform that can help enterprises to improve efficiency, reduce costs, improve accuracy, and increase agility. It is a valuable tool for businesses that are looking to adopt AI.
Autonomous AI And Autonomous Agents Market Players
Major companies operating in the autonomous ai and autonomous agents market report are Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., Siemens AG, Intel Corporation, International Business Machines (IBM) Corporation, Oracle Corporation, Schneider Electric, NVIDIA Corporation, Salesforce Inc., Cognizant Technology Solutions Corp., Infosys Limited, Wipro Limited, SAS Institute Inc., Waymo LLC, Fair Isaac Corporation (FICO), UiPath, DeepMind Technologies Limited, Nuance Communications Inc., Blue River Technology, OpenAI, Fetch.ai, Affectiva Inc., Cognitivescale
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Largest And Fastest Growing Region In The Market
North America was the largest region in the autonomous AI and 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 ai and 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 AI And Autonomous Agents Market Report Structure
3. Autonomous AI And Autonomous Agents Market Trends And Strategies
4. Autonomous AI And Autonomous Agents Market - Macro Economic Scenario
5. Autonomous AI And Autonomous Agents Market Size And Growth
…..
27. Autonomous AI And 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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