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3. Autonomous AI and Autonomous Agents Market - Size and Share Insights

The global Autonomous Al and Autonomous Agents Market size as per revenue was surpassed $4.8 billion in 2023 and is anticipated to exhibit at a CAGR of 43.0% to rise over $28.5 billion by the end of 2028.

The Autonomous AI and Autonomous Agents market is poised for substantial growth in the coming years, driven by several key factors:

• Technological Advancements
• Increased Investment and Funding
• Growing Adoption in Various Industries
• Demand for Automation
• Development of Smart Infrastructure

These factors collectively contribute to the robust growth and widespread adoption of autonomous AI and autonomous agents across multiple sectors.

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Technological Advancements:

• Rapid progress in AI algorithms, machine learning, and deep learning techniques is driving the capabilities of autonomous systems, making them more effective and efficient.

Increased Investment and Funding:

• Significant investments from both private and public sectors in AI research and development are fueling market growth. This includes funding from tech giants, venture capitalists, and government grants.

Growing Adoption in Various Industries:

• Industries such as automotive, healthcare, manufacturing, logistics, and retail are increasingly adopting autonomous AI and agents to enhance productivity, reduce costs, and improve customer experiences.

Demand for Automation:

• There is a rising demand for automation in business processes to increase efficiency and reduce human error, particularly in repetitive and complex tasks.

Development of Smart Infrastructure:

• The proliferation of smart cities and the development of smart infrastructure, including transportation and utility management, are creating new opportunities for autonomous AI applications.

Autonomous AI and Autonomous Agents Market Share - Global Industry Landscape

The Autonomous AI and Autonomous Agents market is characterized by the presence of several key players competing for market share. Some of the leading companies in the Autonomous AI and Autonomous Agents industry include:

• IBM (US)
• AWS (US)
• Waymo LLC (US)
• SAP SE(Germany)
• Aerogility (UK)

These Autonomous AI and Autonomous Agents Companies adopt different types of organic and inorganic growth strategies, such as product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the Autonomous AI and Autonomous Agents.

IBM (US):

• Market Share: Significant player in AI and autonomous systems with a robust presence in enterprise AI solutions.
• Key Offerings: Watson AI platform, autonomous system development tools, AI-powered automation for business processes, and advanced analytics solutions.

AWS (US):

• Market Share: Leading cloud service provider with a substantial market share in AI and machine learning services.
• Key Offerings: AWS AI and machine learning services such as Amazon SageMaker, AWS RoboMaker for robotics development, and AI-driven automation tools.

Waymo LLC (US):

• Market Share: Pioneer in autonomous driving technology with a leading position in the self-driving car industry.
• Key Offerings: Waymo Driver autonomous driving technology, Waymo One self-driving taxi service, and autonomous delivery solutions.

SAP SE (Germany):

• Market Share: Major player in enterprise software with a growing presence in AI and autonomous systems.
• Key Offerings: SAP Leonardo AI, integrated AI capabilities in SAP S/4HANA, intelligent automation for business processes, and data analytics solutions.

Aerogility (UK):

• Market Share: Niche player in aerospace and defense sectors with specialized AI and autonomous solutions.
• Key Offerings: Advanced decision support software, AI-driven maintenance and repair optimization, fleet management solutions, and simulation tools for complex logistics.

Related Reports:

Autonomous AI and Autonomous Agents Market by Offering (Hardware, Software (Type (Computational Agents, Robotic Agents)) and Services), Technology (ML, NLP, Context Awareness, Computer Vision), Vertical and Region - Global Forecast to 2028