Industry Background:
An autonomous agent is a smart specialist working for a owner’s benefit however with no impedance of that possession element. Autonomous agents are programming elements that complete some set of tasks for the benefit of a client or another program with some level of freedom or self-sufficiency, and in this manner, utilize some representation and information of the client's objectives or wants.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Oracle (United States), SAP (Germany), SAS (United States), AWS (United States), Infosys (India), FICO (United States), Nuance Communications (United States), Fetch.AI (United Kingdom) and Intel (United States) |
This growth is primarily driven by Increasing Number of AI Applications and Growth of Large and Complex Data Sets Driving the Need for Autonomous Agents.
Globally, a noticeable market trend is evident Increased Availability of Parallel Computational Resources Major Players, such as IBM (United States), Oracle (United States), SAP (Germany), SAS (United States), AWS (United States), Infosys (India), FICO (United States), Nuance Communications (United States), Fetch.AI (United Kingdom) and Intel (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented by key vendors who are focusing on technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Key Developments in the Market:
In December 2022, Switzerland-based MSC Mediterranean Shipping Company, the world's largest container shipping company, completed the acquisition of Paris-based Bolloré Group's African logistics business. MSC's acquisition of Bolloré Africa Logistics SAS and its affiliates underscores MSC's long-term commitment to supporting the needs of both business customers by investing in the African supply chain and infrastructure.
In March 2019, Oracle has extended AI abilities inside its Enterprise Resource Planning (ERP) cloud and Enterprise Performance Management (EPM) cloud to limit manual procedures and precision, upgraded productivity, and consistence. The all-encompassing AI abilities incorporate cost report assistant, advanced financial controls, project-based supply chain management, and project management digital assistant.
Influencing Trend:
Increased Availability of Parallel Computational Resources
Market Growth Drivers:
Increasing Number of AI Applications and Growth of Large and Complex Data Sets Driving the Need for Autonomous Agents
Challenges:
Limited Use Cases of Autonomous Agents, Increased Network Complexity and Data Privacy and Security Concerns
Restraints:
Issues Related to Unsupervised Learning, Need for Heavy Investment in Converting Unstructured Data Into Structured Data and Lack of Skilled Workforce and Absence of Standards and Protocols
Opportunities:
Integration of AI With Cloud and Advancements in AI and Ml
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Autonomous Agents Market
- Analysis about New Entrants in Autonomous Agents Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Autonomous Agents Study Sheds Light on
The Autonomous Agents Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Autonomous Agents industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Autonomous Agents industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.