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Autonomous AI and Autonomous Agents Market Analysis

  • Report ID: GMI7401
  • Published Date: Nov 2024
  • Report Format: PDF

Autonomous AI and Autonomous Agents Market Analysis

Based on deployment model, the market is divided into on-premises and cloud. In 2024, the cloud segment held a market share of over 65% and is expected to cross USD 90 billion by 2034. Cloud-based deployment helps organizations manage large amounts of data efficiently. For businesses looking to use autonomous AI, the cloud offers the flexibility to quickly scale operations as needed, which is crucial in industries like retail, healthcare, and finance. The cloud allows businesses to use AI without needing a big upfront investment in infrastructure. It also makes it easier and cheaper to deploy AI solutions.
 

By using cloud platforms, companies can avoid the costs of on-site hardware and IT staff, while speeding up the time it takes to bring AI solutions to market. This is especially important for startups and SMEs that want to adopt AI without spending a lot of money upfront. This is expected to drive the growth of segment during the forecast period.
 

Autonomous AI and Autonomous Agents Market, By Industry Vertical, 2024

Based on industry vertical, the autonomous AI and autonomous agents market is categorized into retail & e-commerce, BFSI, IT & telecom, manufacturing, healthcare & lifesciences, government & defense, automotive, energy & power and others. The BFSI segment held a market share of around 23% in 2024. In the BFSI sector, automating customer service is a major trend. AI-powered chatbots and virtual assistants now offer personalized financial advice, handle customer inquiries, and automate routine tasks. This boosts customer satisfaction and also cuts operational costs, driving the sector's adoption of AI automation.
 

Additionally, BFSI uses AI agents for fraud detection, anti-money laundering, and risk management. These AI systems analyze large datasets in real-time to spot irregular patterns, flag suspicious activities, and automate compliance checks, enhancing security and operational efficiency.
 

U.S. Autonomous AI and Autonomous Agent Market, 2022 -2034, (USD Billion)

North America autonomous AI and autonomous agents market accounted for 40% of the revenue share in 2024. The region has presence of many startups and established tech companies advancing AI innovation. These companies are improving autonomous AI technologies and creating solutions that enhance operational efficiency across various industries. Additionally, the U.S. government is increasing support for AI development through funding, regulations, and national AI strategies. This boosts public and private investments in autonomous systems and speeds up their adoption in key sectors such as defense and healthcare.
 

Europe's focus on privacy and data protection, such as GDPR, drives the development of AI systems that prioritize compliance, security, and ethical practices. This encourages innovation in AI tools that help organizations stay compliant while automating operations. Europe's strong industrial base, especially in manufacturing and automotive sectors, is quickly adopting autonomous AI solutions to improve operational efficiency, predictive maintenance, and autonomous vehicle technology.
 

Asia Pacific is rapidly urbanizing, with countries such as China, India, and Japan heavily investing in smart city projects. Autonomous AI systems are key to these projects, offering solutions for traffic management, public safety, and urban planning, driving market growth. Governments in region are actively promoting AI adoption through national AI strategies, research funding, and supportive policies. These efforts are speeding up the use of autonomous agents in important sectors including manufacturing, healthcare, and transportation.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous AI and autonomous agents reached USD 6.8 billion in 2024 and is set to grow at a 30.3% CAGR from 2025 to 2034, driven by the increasing adoption of AI among businesses worldwide.

The BFSI sector held a market share of around 23% in 2024, led by the automation of customer service through AI-powered chatbots and virtual assistants, which enhance customer satisfaction and reduce operational costs.

North Americas market accounted for 40% of the revenue share in 2024, supported by the presence of numerous startups and established tech companies advancing AI innovation and increased government support for AI development.

The key players in the industry include Deepmind, Google, IBM, Microsoft, Nvidia, OpenAI, Oracle, Salesforce, SAP SE, and SAS Institute.

Autonomous AI and Autonomous Agents Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 19
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 175
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