PUBLISHER: Roots Analysis | PRODUCT CODE: 1721380
PUBLISHER: Roots Analysis | PRODUCT CODE: 1721380
As per Roots Analysis, the global AI agents market size is estimated to grow from USD 5.29 billion in the current year to USD 216.8 billion by 2035, at a CAGR of 40.15% during the forecast period, till 2035.
The opportunity for AI agents market has been distributed across the following segments:
Type of Agent System
Areas of Application
Type of Agent Role
Type of Technology
Type of Product
Company Size
Geographical Regions
Artificial intelligence (AI) agents are software entities that operate autonomously or semi-autonomously to carry out certain tasks or roles in a digital setting. They utilize AI techniques like machine learning, natural language processing, and decision-making algorithms to function independently or alongside other agents and systems. Notably, the AI agents market is witnessing growth, owing to the significant improvements in natural language processing (NLP) applications, which enhance the capability of AI agents to comprehend and generate human language, facilitating more advanced interactions with users. As organizations increasingly adopt AI-driven automation to boost their operational efficiency, AI agents are becoming vital tools across multiple sectors, including customer service, healthcare, and finance.
Futhermore, it is important to note that the growth of the market is also driven by the increasing need for highly personalized experience and the integration of AI agents into business processes. Companies are choosing to implement AI agents to optimize operations, lower costs, and improve customer engagement through tailored interactions.
Moreover, the rise of specialized virtual assistants designed for specific industries offers opportunities for growth, as these agents can meet tailored needs within sectors such as legal and healthcare.
Driven by the growing adoption of automation to increase the operational efficiency of the companies, along with rising demand for personalized customer experiences, the global AI agents market is expected to grow at a healthy pace during the forecast period.
Based on the type of agent system, the global AI agents market is segmented into multi-agents and single agents. According to our estimates, currently, single agents segment captures the majority share of the market. This can be attributed to the easier and quicker implementation of single-agent systems compared to their multi-agent counterparts. Organizations can readily deploy these systems without requiring extensive customization, making them an ideal choice for companies aiming to enhance their efficiency quickly. Additionally, the costs related to the development and deployment of single-agent systems are generally lower when compared to multi-agent systems. However, multi-agents segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the areas of application, the AI agents market is segmented into customer service & virtual assistants, and healthcare. According to our estimates, currently, customer service and virtual assistants segment captures the majority share of the market. This can be attributed to the rising use of AI agents by companies to automate tasks in customer service, which leads to enhanced efficiency and lower operational costs. Moreover, AI agents can manage a large number of customer interactions at the same time, allowing companies to scale their customer service capabilities without the requirement of hiring additional staff. However, healthcare segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the type of farming environment, the AI agents market is segmented into indoor and outdoor. According to our estimates, currently, outdoor segment captures the majority share of the market. This can be attributed to the demand for automation in labor-intensive agricultural tasks. The growth in technology and economic efficiency is promoting the use of robots, such as agricultural drones and autonomous tractors. However, indoor segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the type of agent role, the AI agents market is segmented into code generation, customer service, marketing, productivity & personal assistants, and sales. According to our estimates, currently, code generation segment captures the majority share of the market. This can be attributed to the rising use of coding agents, as they simplify the coding process, enhance productivity, and shorten time to market. These AI-powered agents can automatically generate code, troubleshoot issues, and propose enhancements, allowing developers to focus on more complex and creative tasks.
Based on the type of technology, the AI agents market is segmented into deep learning and machine learning. According to our estimates, currently, machine learning segment captures the majority share of the market. This can be attributed to the ability of machine learning algorithms to process large volumes of data and rapidly make informed decisions. This not only boosts automation but also enhances overall operational efficiency across multiple sectors. However, deep learning segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the type of product, the AI agents market is segmented into build your own agents, ready to deploy agents. According to our estimates, currently, ready to deploy agents segment captures the majority share of the market. This can be attributed to the pre-built agents' capability to be set up swiftly, enabling businesses to start reaping the benefits of AI technologies right away. However, build your own agents segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the company size, the AI agents market is segmented into large, and small and medium enterprises. According to our estimates, currently, large enterprise segment captures the majority share of the market. However, small and medium enterprise segments are anticipated to grow at a higher CAGR during the forecast period. This growth is attributed to their flexibility, innovation, focus on specialized markets, and their capacity to adjust to evolving customer preferences and market dynamics.
Based on the geographical regions, the AI agents market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. According to our estimates, currently, North America captures the majority share of the market, owing to the region's extensive use of AI agents for managing routine questions, addressing problems, and providing tailored support.
The report on the AI agents market features insights on various sections, including: