Autonomous Agents Market

Global Autonomous Agents Market is valued at USD 817.9 Million in 2021 and expected to reach USD 6,432.31 Million by 2028 with a CAGR of 34.3% over the forecast period.

Global Autonomous Agents Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: With the increasing requirement to manage unstructured and complicated data sources, the implementation of autonomous agents have bolstered consumer automation industry development. The increased dependence on cloud-based technologies and artificial intelligence technology is one factor driving growth of the global autonomous agents market.

Scope of Global Autonomous Agents Market

Autonomous agents are pre-programmed gadgets that examine their surroundings autonomously based on human commands. Artificial Intelligence-controlled gadgets, which are mostly utilized in distant places, contain internal configurations that do not require human involvement. Autonomous agents provide significant contributions to industries including BFSI, manufacturing, healthcare, IT & telecom, transport & movement. Autonomous agents are best suited for applications requiring segment connection, detection, sensing, observation of the surroundings, or autonomous operating capability. Agent specialists can readily accomplish difficult jobs based on communications they receive, their beliefs, and their overall aims and objectives since they can assess on their own (for instance, draw deductions).

For example, while acquiring services or goods, the gadgets employed are referred to as purchasing agents. Such agents look for numerous solutions accessible on the web and evaluate them to the user's specifications. Autonomous agents may also be employed for data analysis, examining tendencies and correlations from various data streams. Agents may also monitor minute alterations and alert the client if any strange activity is detected. Surveillance and monitoring are two further applications of autonomous agents.

The growing influence of COVID-19 on the industry has affected the operation of various industries, particularly information, robotics, and finance, causing end-user expenditure on autonomous agents to fall over the coming one to two years.

Businesses in the global autonomous agents market are taking proactive measures to address the problems posed by the COVID-19 outbreak. They are performing extensive studies on COVID-19 in order to give alternative approaches to offset the effect of the autonomous agent's marketplace on income. The effect is most visible in international and local small and medium-sized firms (SMEs) and multinational corporations (MNCs), which are experiencing massive losses and are even closing down their businesses.

The global Autonomous Agents market is segmented based on the deployment type, organization size, industry vertical, and region & country level. Based on deployment type, the global market is segmented into Cloud and On-Premises. By organization size, the market is segmented into Small & Medium-Sized Enterprises (SMEs), and Large Enterprises. By industry vertical, the global Autonomous Agents market is segmented into IT &Telecom, BFSI, Healthcare, Transportation & Mobility, Manufacturing, Others.

The regions covered in the global Autonomous Agents market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Autonomous Agents is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global Autonomous Agents Market Segmentation

By Deployment Type:

• Cloud
• On-Premises

By Organization Type:

• Small & Medium-Sized Enterprises (SMEs)
• Large Enterprises

By Industry Vertical:

• IT &Telecom
• BFSI
• Healthcare
• Transportation & Mobility
• Manufacturing
• Others

Key Players of Global Autonomous Agents Market

Some major key players for the global Autonomous Agents market report cover prominent players like

• Oracle
• SAP SE
• IBM Corporation
• SAS Institute Inc.
• Infosys Limited
• Intel Corporation
• Amazon Web Services, Inc.
• Fair Isaac Corporation
• Microsoft
• Nuance Communications, Inc.
• Affectiva
• Salesforce
• Aptiv
• Google
• Talla, Inc.
• Fetch.AI
• AOS Group.

News

Researchers at UNSW Canberra Are Introducing Human Psychology Ideas To Autonomous Agents

On June 22, 2022; Researchers at UNSW Canberra introduced human psychology ideas to autonomous agents, allowing computers to adjust to dynamic and complex settings. The team, which comprises associate professors, have built a revolutionary artificial intelligence framework that takes the notion of 'flow' from psychology.

Brain Corp HKCERT Launched Next Generation Autonomous Platform For Commercial Robots

On November 1, 2022; Brain Corp, an artificial intelligence (AI) firm developing disruptive core robotics innovation, announced the release of a next generation autonomous platform for commercial robots. The third-generation framework is the latest advancement of Brain Corp's BrainOS autonomous robotic functioning system, that also currently abilities around 20,000 independent robots operating in general populace spaces. It is intended to bolster a new generation of artificial intelligent remedies that will be implemented throughout multiple commercial industries.

Germany Plans to Launch Autonomous Taxi Service

On June 22, 2022; Darmstadt and Offenbach in the Rhine-Main region of Germany want to operate an autonomous taxi service that will be fully integrated into normal public transportation operations. The automatic Level 4 vehicle testing phase is set to commence in 2023.

Increasing Adoption of Artificial Intelligence Based Application, Rising Demand from End-Use Industry, and Increasing Developments By Major Payers are Some of the Major Factors Driving the Market Growth

The increased usage of AI-based technologies is a primary driver of market development. AI is employed in almost all major domains and industries since it not only aids in the formation but also the evolution of such autonomous agents. Furthermore, rising demand for automated agents amongst end users, due to various advantages such as consistently enhanced performance, higher efficiency in accessing real-time information, and improved scalability, fuels the autonomous agent industry's development. Nevertheless, a lack of knowledge and a large initial investment limit market expansion. Additionally, the increased use of independent agents in industries including mobile robots, smart homes, self-driving automobiles, and intelligent factories provides an attractive potential for the development of the autonomous agent industry. Furthermore, current improvements in artificial intelligence (AI) as well as machine learning, along with increased cloud deployment, are likely to present profitable prospects for the industry.

Manufacturers may boost output and satisfy customer expectations by cooperating with important groups, improving earnings and industry share. With the development of new goods and technologies, end customers may enjoy the advantages of innovations. A strategic alliance can boost a company's manufacturing capacity. Superdao, an organization committed to the creation of a collection of services to allow its customers to build decentralized autonomous organizations (DAOs), has secured a $10.5 million preliminary round led by SignalFire with a $160 million value in January 2022. Discrete, located in California, promises to provide a membership directory with monitoring, tools for NFT and token airdrops, a framework for third-party DAO applications, and a one-click DAO setup functionality.

Zebra Technologies confirmed the purchase of Fetch Robotics in July 2021. For years, the firm has been a fixture in the warehouse and fulfillment robotics field, delivering a customized technology that lets businesses streamline their processes. Zebra will purchase about 95% of the firm for $290 million, for a total transaction worth $305 million. Following the pandemic's massive labor shortages, interest in the sector has reached an all-time high.

The global autonomous agents market will face challenges due to a shortage of technical specialists and variations in raw material pricing. Furthermore, the advent of the COVID pandemic, which resulted in lockdowns, has slowed supply chain activity, putting a damper on the global autonomous agents market. Changes in official legislation, growing ecological worries, and changes in administration may all cause roadblocks in the autonomous agents industry's development path.

North America is Expected to Capture a Major Share in the Global Autonomous Agents Market

North America is expected to have the largest market in the global autonomous agents market in the future years. This is due to the region's status as a center for creative product creation and early acceptance of Artificial Intelligence (AI), Natural Language Processing (NLP), and Machine Learning (ML). Although the rest of the globe is following similar trends, North America is leading due to the aforementioned reasons that are favorably influencing the growth of the worldwide autonomous agent industry. Other considerations include superior finance possibilities, cutting-edge infrastructure, a supportive environment for R&D, a large client base, and the accessibility of qualified staff.

Furthermore, due to fierce rivalry among competitors and expanding demand in the area, autonomous agent businesses in the region are concentrating on increased revenues and worldwide reach. Furthermore, being the world's most industrialized countries, Canada and the United States are important providers of the acceptance of developing technology. Because of the established economy, financing prospects in the marketplace of autonomous agent innovations are expected to increase in the next years.

By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 817.9 Million
Base year considered	2021
Forecast Period CAGR %:	34.3%
Market Size Expected in 2028:	USD 6,432.31 Million
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Oracle, SAP SE, IBM Corporation, SAS Institute Inc., Infosys Limited, Intel Corporation, Amazon Web Services, Inc., Fair Isaac Corporation, Microsoft, Nuance Communications, Inc., Affectiva, Salesforce, Aptiv, Google, Talla, Inc., Fetch.AI, and AOS Group.
Segments Covered	By Deployment Type, By Organization Type, By Industry Vertical.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa