The Latin America, Middle East and Africa Autonomous AI and Autonomous Agents Market would witness market growth of 43.5% CAGR during the forecast period (2023-2030).
Due to the emphasis on automating corporate processes with the least amount of human involvement, the market is expanding. The IT and telecom sector, a key end-user vertical for enhancing the customer experience, are the dominant players in the market. The demand for autonomous agents is expected to grow primarily due to increased automation and agility, the desire to offer superior client experiences, increased cost savings, and growing return on investment. Mobility and independent decision-making are becoming increasingly significant across various business verticals. The assembly of autonomous agents and operations improves the user experience.
The adoption of autonomous AI and autonomous agents during the projected period is estimated to rise due to the increasing usage of artificial intelligence across numerous enterprise organizations. Additionally, many companies are moving away from on-premises AI and toward cloud-based AI due to quicker delivery times, reduced latency, and real-time tracking. This is probably going to encourage market expansion during the projection timeframe.
The IT & telecom sector, a crucial end-user vertical for improving the customer experience, leads the market. During the projected period, favorable economic conditions and rising digitization are anticipated to produce a positive outlook for market players.
The demand for robots in Qatar has grown due to increasing robotics investments, particularly in healthcare, education, and sports. During the pandemic, the region extensively used robotics, as seen by using robots equipped with short-wavelength UV light for cleaning at the Hamad International Airport. The country's other industries have likewise been encouraged to employ robots more frequently. The Argentine government recently established laws to support investors that benefit startups and IT firms. This wide adoption of robot agents is estimated to result in the region.
The Brazil market dominated the LAMEA Autonomous AI and Autonomous Agents Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $822 million by 2030. The Argentina market is estimated to grow at a CAGR of 44.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 43.2% during (2023 - 2030).
Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, IT & Telecom, Retail & Ecommerce, Media & Entertainment, Energy & Power, Automotive, Transportation & Logistics, Government & Defense, Manufacturing, and Others. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Context Awareness, and Computer Vision. Based on Offering, the market is segmented into Software, Hardware, and Services. Based on Software Type, the market is segmented into Computational Agents, and Robotic Agents. Based on Software Deployment Type, the market is segmented into On-premise, and Cloud. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Autonomous AI and Autonomous Agents Market is Projected to reach USD 51.2 Billion by 2030, at a CAGR of 40.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Oracle Corporation, Google LLC (Alphabet Inc.), Salesforce, Inc., SAP SE, NVIDIA Corporation, Baidu, Inc., Uber Technologies, Inc., Cogito Tech LLC.
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