The global AI agents market size is estimated to grow from USD 5.29 billion in the current year to USD 216.8 billion by 2035, at a CAGR of 40.15% during the forecast period, till 2035.
The opportunity for AI agents market has been distributed across the following segments:
Type of Agent System
- Multi Agent
- Single Agent
Areas of Application
- Customer Service & Virtual Assistants
- Healthcare
Type of Agent Role
- Code Generation
- Customer Service
- Marketing
- Productivity & Personal Assistants
- Sales
Type of Technology
- Deep Learning
- Machine Learning
Type of Product
- Build Your Own Agents
- Ready to Deploy Agents
Company Size
- Build Your Own Agents
- Ready to Deploy Agents
Geographical Regions
- North America
- US
- Canada
- Mexico
- Other North American countries
- Europe
- Austria
- Belgium
- Denmark
- France
- Germany
- Ireland
- Italy
- Netherlands
- Norway
- Russia
- Spain
- Sweden
- Switzerland
- UK
- Other European countries
- Asia
- China
- India
- Japan
- Singapore
- South Korea
- Other Asian countries
- Latin America
- Brazil
- Chile
- Colombia
- Venezuela
- Other Latin American countries
- Middle East and North Africa
- Egypt
- Iran
- Iraq
- Israel
- Kuwait
- Saudi Arabia
- UAE
- Other MENA countries
- Rest of the World
- Australia
- New Zealand
- Other countries
AI Agents Market: Growth and Trends
Artificial intelligence (AI) agents are software entities that operate autonomously or semi-autonomously to carry out certain tasks or roles in a digital setting. They utilize AI techniques like machine learning, natural language processing, and decision-making algorithms to function independently or alongside other agents and systems. Notably, the AI agents market is witnessing growth, owing to the significant improvements in natural language processing (NLP) applications, which enhance the capability of AI agents to comprehend and generate human language, facilitating more advanced interactions with users. As organizations increasingly adopt AI-driven automation to boost their operational efficiency, AI agents are becoming vital tools across multiple sectors, including customer service, healthcare, and finance.
Furthermore, it is important to note that the growth of the market is also driven by the increasing need for highly personalized experience and the integration of AI agents into business processes. Companies are choosing to implement AI agents to optimize operations, lower costs, and improve customer engagement through tailored interactions.
Moreover, the rise of specialized virtual assistants designed for specific industries offers opportunities for growth, as these agents can meet tailored needs within sectors such as legal and healthcare.
Driven by the growing adoption of automation to increase the operational efficiency of the companies, along with rising demand for personalized customer experiences, the global AI agents market is expected to grow at a healthy pace during the forecast period.
AI Agents Market: Key Segments
Market Share by Type of Agent System
Based on the type of agent system, the global AI agents market is segmented into multi-agents and single agents. According to our estimates, currently, single agents segment captures the majority share of the market. This can be attributed to the easier and quicker implementation of single-agent systems compared to their multi-agent counterparts. Organizations can readily deploy these systems without requiring extensive customization, making them an ideal choice for companies aiming to enhance their efficiency quickly. Additionally, the costs related to the development and deployment of single-agent systems are generally lower when compared to multi-agent systems. However, multi-agents segment is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Areas of Application
Based on the areas of application, the AI agents market is segmented into customer service & virtual assistants, and healthcare. According to our estimates, currently, customer service and virtual assistants segment captures the majority share of the market. This can be attributed to the rising use of AI agents by companies to automate tasks in customer service, which leads to enhanced efficiency and lower operational costs. Moreover, AI agents can manage a large number of customer interactions at the same time, allowing companies to scale their customer service capabilities without the requirement of hiring additional staff. However, healthcare segment is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Type of Farming Environment
Based on the type of farming environment, the AI agents market is segmented into indoor and outdoor. According to our estimates, currently, outdoor segment captures the majority share of the market. This can be attributed to the demand for automation in labor-intensive agricultural tasks. The growth in technology and economic efficiency is promoting the use of robots, such as agricultural drones and autonomous tractors. However, indoor segment is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Type of Agent Role
Based on the type of agent role, the AI agents market is segmented into code generation, customer service, marketing, productivity & personal assistants, and sales. According to our estimates, currently, code generation segment captures the majority share of the market. This can be attributed to the rising use of coding agents, as they simplify the coding process, enhance productivity, and shorten time to market. These AI-powered agents can automatically generate code, troubleshoot issues, and propose enhancements, allowing developers to focus on more complex and creative tasks.
Market Share by Type of Technology
Based on the type of technology, the AI agents market is segmented into deep learning and machine learning. According to our estimates, currently, machine learning segment captures the majority share of the market. This can be attributed to the ability of machine learning algorithms to process large volumes of data and rapidly make informed decisions. This not only boosts automation but also enhances overall operational efficiency across multiple sectors. However, deep learning segment is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Type of Product
Based on the type of product, the AI agents market is segmented into build your own agents, ready to deploy agents. According to our estimates, currently, ready to deploy agents segment captures the majority share of the market. This can be attributed to the pre-built agents' capability to be set up swiftly, enabling businesses to start reaping the benefits of AI technologies right away. However, build your own agents segment is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Company Size
Based on the company size, the AI agents market is segmented into large, and small and medium enterprises. According to our estimates, currently, large enterprise segment captures the majority share of the market. However, small and medium enterprise segments are anticipated to grow at a higher CAGR during the forecast period. This growth is attributed to their flexibility, innovation, focus on specialized markets, and their capacity to adjust to evolving customer preferences and market dynamics.
Market Share by Geographical Regions
Based on the geographical regions, the AI agents market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. According to our estimates, currently, North America captures the majority share of the market, owing to the region's extensive use of AI agents for managing routine questions, addressing problems, and providing tailored support.
Sample Players in AI Agents Market Profiled in the Report, include:
- Alibaba Group
- Amazon Web Services
- Apple
- Avaamo
- Baidu
- Hewlett Packard
- IBM
- IPsoft
- Meta
- Microsoft
- NVIDIA
- Nuance Communications
- Oracle
- Salesforce
- SAP SE
- SoundHound
AI Agents Market: Research Coverage
The report on the AI agents market features insights on various sections, including:
- Market Sizing and Opportunity Analysis: An in-depth analysis of the AI agents market, focusing on key market segments, including type of agent system, areas of application, type of agent role, type of technology, type of product, company size, geographical regions.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the AI agents market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure.
- Company Profiles: Elaborate profiles of prominent players engaged in the AI agents market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, AI agents portfolio, moat analysis, recent developments, and an informed future outlook.
- Megatrends: An evaluation of ongoing megatrends in AI agents industry.
- Patent Analysis: An insightful analysis of patents filed / granted in the AI agents domain, based on relevant parameters, including type of patent, patent publication year, patent age and leading players.
- Recent Developments: An overview of the recent developments made in the AI agents market, along with analysis based on relevant parameters, including year of initiative, type of initiative, geographical distribution and most active players.
- Porter’s Five Forces Analysis: An analysis of five competitive forces prevailing in the AI agents market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
- SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
Key Questions Answered in this Report
- How many companies are currently engaged in this market?
- How are AI agents used in customer service?
- How are privacy concerns handled in AI agents?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- Which agent role is growing the most?
- How is the current and future market opportunity likely to be distributed across key market segments?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
Additional Benefits
- Complimentary Excel Data Packs for all Analytical Modules in the Report
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Table of Contents
SECTION I: REPORT OVERVIEW
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alibaba Group
- Amazon Web Services
- Apple
- Avaamo
- Baidu
- Hewlett Packard
- IBM
- IPsoft
- Meta
- Microsoft
- NVIDIA
- Nuance Communications
- Oracle
- Salesforce
- SAP SE
- SoundHound
Methodology
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