What is the Forecast Market Value for Autonomous Agents Market?
The autonomous agents market will reach at an estimated value of USD 17,428.05 million and grow at a CAGR of 55.00% in the forecast period of 2021 to 2028. Rise in the number of AI applications is an essential factor driving the autonomous agents market.
Ø Global Autonomous Agents Market Definition
Autonomous agents are defined as the type of intelligent agents that are programming elements performing certain set of tasks on the benefit of the owner with freedom, without any interference from the owner. They are smart software entities that automatically act depending on the scenario of the environment, in the reach of its own goal or agenda. These are based on artificial intelligence programmes that act on their own and respond to a given stimulus, without the involvement of human beings.
Ø Let’s Check Autonomous Agents Market Scope and Size
The autonomous agents market is segmented on the basis of deployment type, organization size, . The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of deployment type, the autonomous agents market is segmented into cloud and on-premises.
· Based on organization size, the autonomous agents market is segmented into small & medium-sized enterprises (SMEs) and large enterprises.
· The autonomous agents market is also segmented on the basis of industry vertical into BFSI, IT & telecom, healthcare, manufacturing and transportation & mobility.
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Industrial Packaging Market Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors.
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The titled, Autonomous Agents Market report issued by MarketsandMarkets™ would help to identify the strategic overview of Autonomous Agents Industry growth and continue to driven by presence of prominent players across the globe.According to a new market research report "Autonomous Agents Market by Deployment Type (Cloud and On-premises), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, IT and Telecom, Manufacturing, Healthcare, Transportation and Mobility), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the Autonomous Agents Market expected to grow from USD 345 million in 2019 to USD 2,992 million by 2024, at a Compound Annual Growth Rate (CAGR) of 54% during the forecast period.The major factors driving the Autonomous Agents Market include the growing adoption of AI-based applications and increased availability of parallel computing resources.Browse in-depth TOC on "Autonomous Agents Market” 31- Tables 29- Figures95- PagesAsk for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201425821The on-premises segment to hold the highest market share in the global Autonomous Agents Market during the forecast periodOn-premises deployment of autonomous agents solutions requires initial high investment by organizations, though it does not require incremental costs throughout the ownership, as in the case of cloud deployment type.
These types of deployments are popular across large-sized enterprises.SMEs to grow with the fastest CAGR during the forecast periodAutonomous agents assist Small and Medium-sized Enterprises (SMEs) to automate the business process that reduces the necessity for humans to perform the tedious task.
Cost-effectiveness is an essential need for SMEs, as they are always constrained by limited budgets, which leaves them with limited ways to market themselves and gain visibility.
To compete with large organizations, SMEs are expected to adopt autonomous agents at a higher rate during the forecast period, to enhance operational productivity.Speak to our Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=201425821North America to have the largest market size during the forecast periodNorth America is expected to hold the largest market size during the forecast period in the Autonomous Agents Market, owing to the early adoption and host to innovative initiatives for Artificial Intelligence (AI), Natural Language Processing (NLP), and Machine Learning (ML).
Though the trend is observed globally, in North America, it has prevailed due to the presence of the following factors affecting the development and growth of autonomous agents: state-of-the-art infrastructure, high funding opportunities, widespread customer base across several industries, conducive environment for innovation, and availability of highly-skilled workforce.
Furthermore, autonomous agents companies in this region are targeting higher revenues and business expansions due to the stiff competition and demand prevailing across the North American region.
Global Autonomous Agents Market is expected to grow from US$ 341.2 Mn in 2018 to US$4987.3 Mn by 2026, at a CAGR of 39.83% during the forecast period.The autonomous agents market is driven by many factors, like increasing number of AI applications, increased availability of parallel computational resources, growth of large and complex data sets driving the need for autonomous agents.
Challenges faced by the autonomous agents market are limited use cases of autonomous agents, increased network complexity, data privacy and security concerns.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.IT and Telecom segment is expected to grow at the highest CAGR during the forecast period.
The IT and Telecom vertical is considered by the increased complexity of communication networks to support advanced technologies, for instance, software-defined – wide area network and network function virtualization.
The IT and telecom vertical has increased demand for intelligent and optimized network operations to provide to the demand for communication service suppliers.
The Asia-Pacific will occupy more market share in the following years, especially in China, also fast rising India and South Asia regions.
Emerging economies, for instance India, Singapore, and Malaysia are looking forward to integrating new technologies into their businesses.
