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Autonomous AI and Autonomous Agents Market Trends

  • Report ID: GMI7401
  • Published Date: Nov 2023
  • Report Format: PDF

Autonomous AI and Autonomous Agents Market Trends

Edge AI computing is an emerging trend in the autonomous AI and autonomous agents industry, emphasizing decentralized processing on local devices rather than relying solely on centralized cloud computing. This shift results in faster decision-making, improved privacy by processing data closer to its source, and increased operational efficiency. This trend addresses concerns related to latency, bandwidth usage, and data security, making it particularly beneficial for applications in real-time processing, IoT devices, and scenarios where cloud dependence may be impractical or less efficient.
 

Explainable AI (XAI) is another rising trend in the autonomous AI and autonomous agents market. With the increasing complexity of AI systems, there is a growing demand for models that provide transparency and interpretability. This allows users to comprehend and trust the decision-making processes of AI. It is crucial for sectors, such as healthcare, finance, and critical infrastructure, where understanding the rationale behind AI decisions is essential for compliance, accountability, and user acceptance, thereby fostering trust in AI applications.
 

For instance, in September 2023, Temenos introduced a solution, leveraging generative Artificial Intelligence (AI) for automatic classification of customers' banking transactions. This innovative tool enhances security for banks by efficiently categorizing and managing financial transactions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous ai and autonomous agents reached USD 4.2 billion in 2022 and is set to grow at a CAGR of over 36.5% through 2032, propelled by the increasing integration of AI into business operations including customer service chatbots to advanced analytics.

The cloud deployment segment held a market share of over 64% in 2022, owing to its role in facilitating centralized storage, processing power, and collaboration.

North America Autonomous market accounted for a revenue share of over 38% in 2022, driven by the robust technological infrastructure, substantial investment in AI R&D, and a thriving ecosystem of tech companies in the region.

Google, Microsoft, IBM, Open AI, Sales Force, SAP SE are some of the major industry contenders.

Autonomous AI and Autonomous Agents Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 342
  • Countries covered: 21
  • Pages: 250
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