Autonomous AI and Autonomous Agents Market size is anticipated to expand from USD 7.84 billion to USD 783.27 billion, demonstrating a CAGR of around 42.5% throughout the forecast period, from 2025 to 2037. In the year 2025, the industry size of autonomous AI and autonomous agents is evaluated at USD 10.51 billion.
The market growth can be attributed to growing applications of Artificial Intelligence in various sectors such as education, transportation, agriculture, finance, healthcare, etc. According to data published by the Computing Technology Industry Association in February 2024, 56% of businesses utilize AI to enhance business operations. Various brands across the world are looking for solutions to meet the rising need for online services. A rising online customer base is compelling businesses to adopt technological advancements such as chatbots.
Additionally, rise in dependence on cloud-based applications is propelling autonomous AI and autonomous agents market growth. AI agents are used to increase robustness in the operational efficiency of cloud services. Moreover, artificial intelligence helps automate IT systems management, strengthen security, and comprehend complex cloud services. According to research conducted by Research Nester in May 2023, 9 out of 10 companies confirm cloud computing is important for growth. Artificial Intelligence in cloud computing augments business efficacy by automating repetitive tasks and providing cyber security.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
42.5% |
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Base Year Market Size (2024) |
USD 7.84 billion |
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Forecast Year Market Size (2037) |
USD 783.27 billion |
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Regional Scope |
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Deployment (Cloud, On-premises)
The cloud segment in the autonomous AI and autonomous agents market is anticipated to hold a share of 56% by 2037. Large as well as small enterprises are striving to migrate their infrastructure to the cloud to bring organizational agility. Most of the prominent security and cloud platforms are inculcating AI algorithms to support autonomous enterprise IT systems. According to the European Commission, in 2023, 45.2% of EU enterprises purchased cloud computing services. Cloud computing provides storage and computational power for machine learning and AI workloads, therefore, enabling companies to process large data sets. Autonomous AI tools need remarkable cloud computing resources to develop an impeccable infrastructure.
Technology (Machine Learning, Natural Language Processing, Context Awareness, Computer Vision)
The machine learning segment is expected to account for 40% autonomous AI and autonomous agents market share by 2037. The segment is expanding due to its major role in enhancing IT system capabilities. According to data published by the Emeritus Institute of Management in December 2022, 82% of enterprises globally have a demand for machine learning skills. The technology is used in use cases such as image recognition, predicting traffic patterns, autonomous cars, virtual assistance, etc. Additionally, machine learning algorithms are very reliable when it comes to managing large data sets. These data sets may span from simple real-world customer feedback to multidimensional data; machine learning algorithms can efficiently deal with any type of inquiry related to data.
Our in-depth analysis of the global autonomous AI and autonomous agents market includes the following segments:
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Offering |
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Deployment |
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Technology |
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Vertical |
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North America Market
North America autonomous AI and autonomous agents market is poised to hold the largest share of 37% by 2037. The U.S. and Canada are leading regions in the development and adoption of autonomous AI and autonomous agents. For instance, in April 2024, the U.S. Army invested nearly USD 50 million in including AI and ML technologies. Also, in April 2020, the Department of Energy in the U.S. announced a plan to provide USD 30 million for advanced research in machine learning.
Canada has also been offering numerous lucrative opportunities in the market. According to Innovation, Science, and Economic Development Canada, USD 2 billion of investments were made to support AI and digital innovation. Major technology companies, research institutions, and start-ups are located in this region, which is at the forefront of AI development.
Asia Pacific Market Analysis
Asia Pacific autonomous AI and autonomous agents market is anticipated to hold a significant share of 26% by the end of 2037. China is the frontier for ML and AItechnologies. According to data published by the Information Technology and Innovation Foundation in August 2024, the estimated value of investments in artificial intelligence was USD 85 billion. Also, in a report published by Harvard Business Review in February 2021, China has become a world leader in AI patents and publications.
Furthermore, AI in India is projected to flourish due to the rising establishment of startups, growing government initiatives, and groundbreaking research from academic institutions. The Ministry of Electronics and Information Technology in India stated that by the end of 2025 country’s AI spending will reach USD 880 million.
The competitive landscape of the autonomous AI and autonomous agents market is rapidly evolving as established key players, automotive giants, and new entrants are investing in AI and ML technologies. Key players in the market are focused on developing new technologies and products catering to the stringent regulatory norms and consumer demand. These key players are adopting several strategies such as mergers and acquisitions, joint ventures, partnerships, and novel product launches to enhance their product base and strengthen their market position. Here are some key players operating in the global market:
Author Credits: Saima Khursheed
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