According to a new report, published by KBV research, The Global AI Agents Market size is expected to reach $62.18 billion by 2031, rising at a market growth of 43.8% CAGR during the forecast period.
The Multi Agent Systems segment is experiencing a CAGR of 45.3% during (2024 - 2031). Multi-agent systems are appropriate for challenging problem-solving tasks requiring distributed intelligence since they are made up of several autonomous agents that cooperate and communicate to accomplish common objectives. These systems are increasingly utilized in areas like robotics (for swarm robotics), supply chain management, traffic control, and simulation environments where coordination among multiple agents enhances efficiency and effectiveness.
The Ready-to-Deploy Agents segment is leading the Global AI Agents Market by Type in 2023; thereby, achieving a market value of $39.07 billion by 2031. Ready-to-deploy agents are pre-configured AI models designed to perform specific tasks straight out of the box, requiring minimal customization. These solutions appeal to businesses seeking to streamline operations without investing heavily in development resources or time. Industries like retail, customer service, healthcare, and finance have widely adopted ready-to-deploy agents for chatbots, virtual assistants, automated customer support, and fraud detection applications.
The Consumer segment captured a CAGR of 44.1% during (2024 - 2031). AI agents, such as Amazon Alexa, Google Assistant, and Apple's Siri, have become indispensable components of the daily lives of consumers. They assist with a variety of tasks, including the setting of reminders, the control of smart home devices, and the provision of personalized recommendations. The increasing adoption of smartphones, smart speakers, and wearable devices has further propelled the consumer AI agents market.
The Machine Learning segment is generating the maximum revenue in the Global AI Agents Market by Technology in 2023; thereby, achieving a market value of $17.39 billion by 2031. This can be attributed to the pervasive adoption of machine learning algorithms across a variety of applications, including fraud detection, automated decision-making, and predictive analytics and recommendation systems. Businesses have been able to optimize operational efficiency, enhance consumer experiences, and make data-driven decisions as a result of the adaptability of machine learning models, which encompasses reinforcement learning, unsupervised learning, and supervised learning.
The Robotics & Automation segment would obtain a CAGR of 42% during (2024 - 2031). AI agents integrated into robotic systems enable autonomous decision-making, adaptive learning, and efficient task execution, enhancing productivity and reducing operational costs. In manufacturing, AI-powered robots are used for quality control, assembly line automation, and predictive maintenance. Similarly, AI agents optimize inventory handling, route planning, and warehouse automation in logistics and supply chain management, contributing to greater operational efficiency and cost savings.
Full Report: https://www.kbvresearch.com/ai-agents-market/
The North America region dominated the Global AI Agents Market by Region in 2023; thereby, achieving a market value of $23.47 billion by 2031. The Europe region is expected to witness a CAGR of 43.4% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 44.6% during (2024 - 2031).
By System
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By End-use
By Technology
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