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Autonomous AI and Autonomous Agents Market Size

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

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Autonomous AI and Autonomous Agents Market Size

The global autonomous AI and autonomous agents market size was valued at USD 6.8 billion in 2024 and is estimated to register a CAGR of 30.3% between 2025 and 2034. The growth of the market can be attributed to the increasing adoption of AI among businesses across the globe. Organizations leverage AI, from customer service chatbots to sophisticated analytics, to boost efficiency and foster innovation. Recognizing the transformative power of autonomous AI and agents in streamlining processes, refining decision-making, and offering tailored solutions, companies are rapidly adopting the technology, leading to market expansion.

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According to Statista, in 2023, the global AI adoption rate in businesses reached 55% with robotic process automation and computer vision being the most adopted AI capabilities among businesses.

Autonomous AI and Autonomous Agents Market Report Attributes
Report Attribute	Details
Base Year:	2024
Autonomous AI and Autonomous Agents Market Size in 2024:	USD 6.8 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	30.3%
2034 Value Projection:	USD 93.7 Billion
Historical Data for:	2021 – 2024
No. of Pages:	175
Tables, Charts & Figures:	200
Segments covered:	Component, deployment model, enterprise size, technology, industry vertical
Growth Drivers:	Increasing global demand for automation and efficiency Growing advancements in AI and Machine Learning (ML) technologies Increasing adoption of cloud computing Rising demand for autonomous AI and autonomous agents in the manufacturing sector
Pitfalls & Challenges:	Surge in government support for AI research & development Safety and reliability concerns

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Governments across the world are investing in AI technologies to enhance public services, improve infrastructure, and support digital transformation. For instance, in March 2024, the Indian government approved a USD 1.25 billion investment in AI projects. This funding will enhance computing infrastructure, develop large language models, support AI startups, and create AI applications for the public sector.

In addition to public sector investments, private companies are heavily funding AI research and development to stay competitive. This investment drive innovation and create a supportive ecosystem for the development of AI solutions. Industries including defense, healthcare, and smart city initiatives are particularly benefit from these investments, which speedup the development and deployment of autonomous systems.

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.