Agentic AI Market: Current Analysis and Forecast (2024-2032)
Emphasis on Component (Software, Hardware, Services); Deployment Mode (On-Premises and Cloud); Enterprise Size (Small and Medium Enterprises and Large Enterprises); End-User (BFSI, Healthcare, Retail and E-commerce, Media and Entertainment, Manufacturing, IT and Telecommunications, and Others); and Region/Country
Global Agentic AI Market Size & Forecast
The global Agentic AI market was valued at USD 5.13 Billion in 2023 and is expected to grow to a strong CAGR of around 39.4% during the forecast period (2024-2032) owing to rapid progress in AI agents that operate independently is driving demand across industries, enabling automation in decision-making, operations, and customer interactions.
Agentic AI Market Analysis
The Agentic AI market serves technology we use that lets self-manage AI systems decide and work without continuous human involvement. This market keeps growing because companies in various sectors now need automated systems for more efficient operations at a lower cost. The Agentic AI market is expanding because of better AI technology, cloud services, Internet of Things connections, and companies using AI automation tools. Businesses put money into generative AI and autonomous agents to help their development and growth more quickly.
Global Agentic AI Market Trends
This section discusses the key market trends that are influencing the various segments of the global Agentic AI market, as found by our team of research experts.
Large Enterprises Segment Transforming Industry
The large enterprises category is the largest contributor to the Agentic AI industry because large businesses use Agentic AI quickly to automate daily tasks and build better decisions that boost operational effectiveness. These organizations put money into AI technology and use it throughout customer service, inventory handling, security protection, and data management. Large enterprises use independent AI systems to process activities more quickly and effectively while managing operations better to gain an advantage over competitors.
North America is expected to grow at a considerable rate during the forecast period.
The North American Agentic AI markets are expanding quickly because businesses in various sectors like healthcare, manufacturing, and retail now use autonomous AI systems. Major technology firms based in North America drive AI automation progress through their leading AI systems that help make decisions and learn independently, along with OpenAI, Microsoft, and Google. The market grows more through investments in AI infrastructure and cloud technology, plus rules that let ethical AI evolve. As more companies want AI-based business tools and workforce optimization to boost security, their technology market grows and changes.
Global Agentic AI Industry Competitive Landscape
The global Agentic AI market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.
Top Agentic AI Companies
Some of the major players in the market are Amazon Web Services, Inc.; Google; Microsoft; IBM; Oracle; Salesforce, Inc.; SAP SE; ServiceNow; UiPath, Zendesk (Hellman & Friedman)
Global Agentic AI Market Report Coverage
Details | |
Base year | 2023 |
Forecast period | 2024-2032 |
Growth momentum | Accelerate at a CAGR of 39.4% |
Market size 2023 | USD 5.13 Billion |
Regional analysis | North America, Europe, APAC, Rest of the World |
Major contributing region | North America is expected to dominate the market during the forecast period. |
Key countries covered | U.S., Canada, Germany, U.K., Spain, Italy, France, China, Japan, and India |
Companies profiled | Amazon Web Services, Inc.; Google; Microsoft; IBM; Oracle; Salesforce, Inc.; SAP SE; ServiceNow; UiPath, Zendesk (Hellman & Friedman) |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Component; By Deployment Mode; By Enterprise Size; By End-User; By Region/Country |
Reasons to buy Agentic AI report:
The study includes market sizing and forecasting analysis confirmed by authenticated key industry experts.
The report briefly reviews overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers, primarily focusing on key business financials, type portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
The global Agentic AI market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Global Agentic AI Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Agentic AI market were the three major steps undertaken to create and analyze the adoption of global Agentic AI in major regions. Exhaustive secondary research was conducted to collect the historical market figures and estimate the current market size. Secondly, to confirm these insights, numerous findings and assumptions were considered. Moreover, exhaustive primary interviews were conducted with industry experts across the value chain of the global Agentic AI market. For the assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. The detailed method is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the global Agentic AI market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals & articles, government publications, competitor reports, third-party databases, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the global Agentic AI market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments, such as component, deployment mode, enterprise size, end-user, and region, are included in the report. Further country-level analysis was conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the global Agentic AI market. Further, we conducted factor analysis using dependent and independent variables such as component, deployment mode, enterprise size, end-user, and global Agentic AI market regions. A thorough analysis of demand and supply-side scenarios was conducted considering top partnerships, mergers and acquisitions, business expansion, and product launches in the global Agentic AI market.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Agentic AI market, and market shares of the segments. All the required percentage shares split and market breakdowns were decided using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to several factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research method adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the global Agentic AI market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global Agentic AI market in terms of the types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were combined with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Agentic AI market. After studying various parameters and trends in the global Agentic AI market's component, deployment mode, enterprise size, end-user, and regions, data was split into several segments and sub-segments.
The Main Objective of the Global Agentic AI Market Study
The current & future market trends of the global Agentic AI market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the market's overall attractiveness at a regional level, providing a platform for the industrial participant to exploit the untapped market to receive help from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current forecast and market size of the global Agentic AI market in terms of value (USD). Also, analyze the current forecast and market size of different segments and sub-segments.
Segments in the study include areas of component, deployment mode, enterprise size, end-user, and regions.
Define and analyze the regulatory framework for the industry.
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
Analyze the current and forecast market size of the global Agentic AI market for the major regions.
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
Company profiles of the global Agentic AI market and the growth strategies the players adopt to sustain the fast-growing market.
Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the global Agentic AI market’s current market size and growth potential?
The global Agentic AI market was valued at USD 5.13 Billion in 2023 and is expected to grow at a CAGR of 39.4% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the global Agentic AI market?
Agentic AI enhances cybersecurity by autonomously detecting threats, mitigating risks, and responding to cyberattacks in real-time.
Q3: Which segment has the largest global Agentic AI market share by component category?
The software category has the largest share of the global Agentic AI market by component segment.
Q4: What are the emerging technologies and trends in the global Agentic AI market?
AI agents are being designed to collaborate with other agents, enabling sophisticated problem-solving and workflow automation.
Q5: Which regions dominate the global Agentic AI market?
North America is expected to dominate the market during the forecast period.
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