Autonomous AI And Autonomous Agents Market Growth Accelerates: Strategic Forecast Predicts $44.76 Billion by 2029

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What Will the Autonomous AI And Autonomous Agents Industry Market Size Be by 2025?
The market for autonomous AI and autonomous agents has seen remarkable expansion in the past few years. The market, which is projected to rise from $6.97 billion in 2024 to $9.93 billion in 2025, will experience a compound annual growth rate (CAGR) of 42.5%. The surge during the historic timeframe is due to advancements in computing capabilities, the evolution of Internet of Things (IoT), integration from edge-to-cloud for flawless operation, improved connectivity infrastructure, and a growing requirement for automation.

What's the Long-Term Growth Forecast for the Autonomous AI And Autonomous Agents Market Size Through 2029?
The market size of autonomous AI and autonomous agents is projected to experience significant increase in the coming years, reaching a value of $44.76 billion by the year 2029, with a Compound Annual Growth Rate (CAGR) of 45.7%. This substantial growth over the forecast period is largely due to factors such as the tailored and personalized nature of AI solutions, an increased emphasis on cybersecurity for AI systems, the application of AI in the healthcare sector, the growing need for solutions that cater to specific industries, and the emergence of edge intelligence. The key trends expected over the forecast period comprise advancements in machine learning technology, improvements in sensor technologies, progress in computer vision, the creation of robotic operating systems, enhancements in natural language processing, and the development of AI-powered virtual assistants and chatbots.

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What Are the Key Growth Drivers Fueling the Autonomous AI And Autonomous Agents Market Expansion?
The proliferation of AI applications is anticipated to boost the expansion of the autonomous AI and autonomous agents market. Implementing and leveraging artificial intelligence (AI) technologies in diverse fields and sectors essentially describes AI applications. Autonomous AI and autonomous agents incorporate AI to increase efficiency, enhance decision-making processes, reduce risks, and save costs. For instance, Salesforce Inc., an American software firm, reported in November 2022 that 57% of businesses utilized AI applications to enhance their customer service in 2022. Moreover, Forbes Media LLC, another American media company, reported in April 2023 that more than half of business owners (46%) made use of AI for internal communication, with 97% of them believing that ChatGPT would bolster their operations, and 73% of business entities planning to deploy AI-powered chatbots for immediate messaging in 2022. Consequently, the expanding use of AI applications is fuelling the growth of the autonomous AI market.

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What Are the Key Trends Driving Autonomous AI And Autonomous Agents Market Growth?
The demand for AI technological data platforms is rapidly growing, becoming a notable trend in the autonomous AI and autonomous agent sector. Companies in this market are now concentrating on introducing novel AI technological data platforms to maintain their competitive advantage. For instance, in May 2023, the American technology corporation, International Business Machines Corporation (IBM), unveiled the Watsonx platform - a fresh AI and data platform. The Watsonx is an innovative, next-generation AI data platform meant to aid businesses in magnifying the impact of advanced AI with reliable data. Watsonx, built on the IBM Cloud Pak for Data, boasts new features that simplify the construction, deployment, and management of AI models for businesses. Furthermore, Watsonx serves as a compelling platform that boosts efficiency, minimizes costs, enhances accuracy, and promotes agility for enterprises. It is a crucial asset for businesses aiming to leverage AI.

How Is the Autonomous AI And Autonomous Agents Market Segmented?
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

Subsegments:
1) By Hardware: Sensors, Actuators, Computing Units, Robotics Platforms
2) By Software: Machine Learning Algorithms, Natural Language Processing (NLP) Software, Computer Vision Software, Simulation Software, Autonomous Navigation Software
3) By Service: Consulting Services, Integration Services, Maintenance And Support Services, Training And Development Services

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Which Companies Are Leading the Charge in Autonomous AI And Autonomous Agents Market Innovation?
Major companies operating in the autonomous ai and autonomous agents market include Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., Siemens AG, Intel Corporation, accenture* PLC, 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

Which Regions Are Leading the Global Autonomous AI And Autonomous Agents Market in Revenue?
North America was the largest region in the autonomous AI and autonomous agents market in 2024. 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

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