Artificial intelligence is gaining prominence on account of the introduction of state-of-art technologies such as self-driving cars, advanced robotics, voice assistance, and analytics solutions. Facilitated with concepts such as machine learning, deep learning, cloud technology, sensor fusion, and computer vision, AI empowers strategies for complex decision making. Thus, autonomous agents integrated with such concepts further support sophisticated decision making, offering a positive approach towards the growth of the autonomous agent market in the coming years. An increasing number of organizations are focusing on automating their business processes, which is further accelerating the demand for autonomous agents.
Cloud-based Deployment to Surpass On-Premise Deployment
On account of the agility offered by cloud deployment, various industry verticals are embracing the technology to improve business operations. Several enterprises are inclined towards adopting advanced technologies such as cloud, AI, deep learning, and machine learning to automate their business processes. Thus, the rising demand for automating business processes is expected to drive the demand for autonomous agents in the near future.
Automation in Mobility & Transport to Create Growth Prospects
As customers demand a more convenient driving experience, technological advancements are leading to disruptions in the automotive industry. The integration of services to automate and enhance on-demand multimodal transportation for riders is expected to drive the autonomous vehicle business. For instance, in February 2019, Amazon Web Services, Inc. announced that Lyft, Inc. is going ‘all-in’ for using its cloud services to improve its U.S.-based ride-sharing services, enabling self-driving technology.
North America is expected to witness dynamic growth in the autonomous agent market on account of the rapid and early adoption of innovative technologies in the region. Leading players in the retail industry, such as Walmart and Amazon, are embracing technologies such as AI, deep learning, and computer vision to offer enhanced customer experience, which is fueling the growth of the autonomous agents market.
Got questions about your regional growth of
Autonomous Agents Market?
Just drop us a line or call on +1 646 480 7505
Connectivity and communication are vital aspects in the development of a vehicle. According to the European Automobile Manufacturers Association, the auto industry is the largest private investor in R&D with an investment of approx. USD 60.94 billion annually in Europe. The confluence of advancements in the automotive industry and AI-powered systems to meet the demands of growing network and digitization is projected to drive the demand for autonomous agents in the region.
In Asia-Pacific, automation of business processes and activities is expected to drive the autonomous agents market during the forecast period, 2019–2026. The rising adoption of artificial intelligence is reshaping the enterprise business landscape, which is further expected to provide impetus to market growth in the region.
Some of the prominent players in the global autonomous agent market are Oracle, IBM Corporation, Badger Technologies, SAP, AWS, SAS, and Infosys, among others.
Autonomous Agent Market Segmentation
By Deployment Type
By Organization Size
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now