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Autonomous Agents Market

Autonomous Agents Market: Information by Deployment Type (Cloud, On-Premise), Organization Size (SMEs, Large Es), Industry (IT & Telecom, Manufacturing), and Region — Forecast till 2026

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Market Snapshot

market snapshot
Base Year:
2017
Study Period:
2016-2026
CAGR:
55.15 %
Fastest Growing Market:
Europe
Largest Market:
North America

Global Statistics Representing Autonomous Agents Market Scenario

The pervasiveness of artificial intelligence is inciting the demand for autonomous agents across the globe. An autonomous agent, also known as an intelligent agent, operates and is enabled to act and react in a dynamic working environment. These agents could work independently or collaboratively, providing solutions to complex problems. Autonomous agents range from smartphone applications to autonomous robots such as shopping bots, personal agents, monitoring and surveillance agents, and data mining agents, among others.

Mobility and independent decision-making are becoming momentous across various industry verticals such as manufacturing, retail, and transportation, among others on account of the growing global network connectivity in remote locations. The confluence of autonomous agents with operations helps in improving user experience. For instance, in April 2019, the leading retail company Walmart announced the installation of thousands of robots into its workforce for floor cleaning and inventory management across the U.S. to enhance customer experience.

The global autonomous agents market is expected to grow at a CAGR of 55.15% during the forecast period, 2019–2026.

Intended Audience

  • Autonomous Agents Service Providers
  • Software Developers
  • Cloud Service Providers
  • Technology Investors
  • Research Institutes

Segmental Analysis

Cloud-Based Deployment Model to Capture a Significant Market Share          

The cloud-based deployment model is expected to propel the autonomous agents market on account of the growing adoption of artificial intelligence across several enterprise organizations. For instance, in June 2019, Oracle introduced Autonomous Database Dedicated, a private database service within the public cloud. This service focuses on assisting customers with high security and operational policy requirements, providing cloud database management services.

Transportation and Mobility Segments to be the Largest Contributors

The global market is evolving with the advancement of technologies across several industries. Automation in the automotive industry is projected to fuel the autonomous agents market growth during the forecast period, 2019–2026. For instance, in July 2019, Zhejiang Geely Holding Group and Japan's Toyota Motor Corp entered into a partnership with Baidu Inc to access Apollo Minibus, a level 4 autonomous shuttle, to Toyota's e-Palette, to empower mobility solution for e-commerce retail vehicles in the future.

Regional Analysis

Confluence of Prominent Market Players to Pose as a Key Determinant in Market Penetration Across North America and Europe

The presence of noteworthy market players such as IBM, Oracle, AWS, Intel, and Salesforce, among others is expected to stimulate growth in North America. These companies focus on offering innovative technologies to meet consumer demand, which is expected to drive the demand for autonomous agents in the region. For instance, in January 2019, Badger Technologies, in partnership with Retail Business Services, announced that it would deploy robots named Marty Bots to approx. 500 Giant, Martin’s, and Stop and Shop stores across the U.S., which would improve operations and gather data while traversing through the store, providing real-time alerts to incidents such as spills.

In Europe, the autonomous agents market is expected to experience significant growth due to the increasing competition among automotive manufacturers focusing on developing fully autonomous vehicles. For instance, in June 2019, Volvo announced its partnership with Nvidia focusing on developing the next-generation decision-making engine for Volvo’s fully autonomous commercial trucks and industrial service vehicles. This partnership will utilize Nvidia’s Drive AI platform that comprises processing data from sensors, localization, mapping, perception systems, and path prediction and planning.

Emergence of State-of-the-Art Technologies to Stoke Autonomous Agents Market Growth in Asia-Pacific and LAMEA

Asia-Pacific is expected to grow at an accelerated pace in the autonomous agents market with countries across the region embracing artificial intelligence to automate future enterprise strategies. For instance, in January 2019, EdgeVerve Systems, a subsidiary of Infosys, announced the launch of AssistEdge Discover, which focuses on improving the success rate of automation-based applications at an enterprise level through process discovery.

Digital automation is transforming the world with exceptional scope and speed. With advancements in technologies such as AI, robotics, big data, and IoT reshaping the economic landscape, the LAMEA region is expected to witness considerable growth in the autonomous agents market with a natural momentum improving sustainability.

Key Players

Some of the prominent players in the global autonomous agents market are Oracle (U.S.), IBM Corporation (U.S.), Badger Technologies (U.S.), SAP (Germany), Amazon Web Services, Inc (U.S.), SAS (U.S.), Infosys (India), Nuance Communications (U.S.), FICO (U.S.), Fetch.AI (U.K.), Affectiva (U.S.), Intel (U.S.), Salesforce (U.S.), Aptiv (Ireland), Google (U.S.)  and Microsoft (U.S.)

Report Scope

Report Metric Details
Market Size USD in Billion By 2030
CAGR CAGR 55.15%
Historical Data 2015-2016
Base Year 2017
Forecast Period 2018-2026
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Deployment Type (Cloud, On-Premise), Organization Size (SMEs, Large Es), Industry (IT & Telecom, Manufacturing)
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Oracle (U.S.), IBM Corporation (U.S.), Badger Technologies (U.S.), SAP (Germany), Amazon Web Services, Inc (U.S.), SAS (U.S.), Infosys (India), Nuance Communications (U.S.), FICO (U.S.), Fetch.AI (U.K.), Affectiva (U.S.), Intel (U.S.), Salesforce (U.S.), Aptiv (Ireland), Google (U.S.) and Microsoft (U.S.)
Key Market Opportunities Increasing Prevalence Of The Automotive And Transportation Industry Enhances The Expansion Of The Autonomous Agents Market Share

Autonomous Agents Market Segmentation

By Deployment Type

  • Cloud
  • On-Premise

By Organization Size

  • SMEs
  • Large Enterprises

By Industry

  • IT & Telecommunication
  • Manufacturing
  • Transportation and Mobility
  • Healthcare
  • Others

By Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific

LAMEA

  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Frequently Asked Questions (FAQs)

The global autonomous agents market is expected to grow at a CAGR of 55.15% during the forecast period, 2019–2026.
Rising Advancements in technologies such as AI, Robotics, BigData are the key factors expected to drive Autonomous Agents Market during the orecast period.
North America is expected to hold the highest market share in Autonomous Agents Market.
Oracle, IBM Corporation, Badger Technologies, SAP, Amazon Web Services, Inc, SAS, Infosys, Nuance Communications, FICO, Fetch.AI are the top players in Autonomous Agents Market.
The global Autonomous Agents Market will be estimated to grow from the years 2017-2026.
Transportation and Mobility Segment is expected to be the leading segment in Autonomous Agents Market during the forecast period.
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