AI Agents Market Size Projected to Reach USD 236.03 Billion by 2034

1. AI Agents Market Size Projected to Reach USD 236.03 Billion by 2034 According to Precedence Research, the global AI agents market size was estimated at USD 5.43 billion in 2024 and is expected to attain around USD 236.03 billion by 2034, growing at a CAGR of 45.82% from 2025 to 2034. AI Agents Market Key Insights •North America dominated the market with the largest share, approximately 41%, in 2024. •Asia Pacific is expected to expand at the fastest CAGR during the forecast period. •Europe is anticipated to grow at a considerable CAGR in the upcoming period. •By technology, the private sector segment led the market with the highest share in 2024. •By technology, the machine learning segment is projected to witness significant growth in market share during the forecast period. •By agent system, the single-agent segment dominated the market in 2024. •By agent system, the multi-agent segment is expected to grow at the fastest CAGR during the forecast period. •By type, the ready-to-deploy agent segment held the largest market share in 2024. •By type, the build-your-own agents segment is expected to grow at the fastest CAGR in the market. •By application, the customer service and virtual assistants segment contributed the highest market share in 2024. •By application, the healthcare segment is expected to grow at the fastest CAGR in the AI-agent market.

2. •By end-user, the enterprise segment captured the major market share in 2024. •By end-user, the industrial segment is projected to grow at the fastest CAGR in the market. Role of AI Agents in Various Industries AI agents are transforming multiple industries by automating routine tasks and enhancing decision-making. In customer service, AI agents such as chatbots and virtual assistants provide 24/7 support, improving response times and customer satisfaction. In healthcare, AI agents help with patient data management, appointment scheduling, and even diagnosing conditions by analysing medical data, enhancing accuracy and efficiency. The AI agents in finance assist in fraud detection, risk management, and customer support, allowing financial institutions to streamline operations and reduce errors. In the retail industry, AI agents drive personalized shopping experiences by analysing customer preferences and making recommendations, while in manufacturing, they optimize production processes, monitor equipment health, and assist in quality control. AI agents are also revolutionizing industries like logistics, legal services, and education by automating administrative tasks, improving data analysis, and offering personalized services, ultimately increasing productivity and reducing costs across sectors. Regional Outlook for AI Agents Market North Americadominates the AI agents market, accounting for over USD 2.23 billion in 2024, driven by the U.S., which alone contributes USD 1.56 billion. The region’s

3. leadership stems from its advanced tech ecosystem, including R&D hubs like Silicon Valley, and widespread adoption across healthcare, finance, and retail. The U.S. market is projected to grow at a 46.09% CAGR, reaching USD 69.06 billion by 2034, fueled by enterprise demand for autonomous workflows and AI-driven decision- making tools. Canada also plays a role, with AI agents optimizing healthcare diagnostics and supply chain logistics. Asia-Pacificis the fastest-growing region, propelled by rapid digital transformation in China, India, and Japan. Government initiatives, such as India’s push for AI in manufacturing and Japan’s focus on robotics, accelerate adoption. AI agents streamline supply chains, enhance predictive maintenance in factories, and personalize customer interactions in e-commerce. China’s emphasis on smart manufacturing and autonomous logistics further cements its position as a key growth driver, with startups and tech giants alike investing in scalable AI solutions. Europeprioritizes ethical AI and regulatory compliance, with GDPR shaping the development of transparent and secure AI agents. The UK, Germany, and France lead innovation in sectors like healthcare, where AI aids in telemedicine and diagnostics, and energy, where it optimizes grid management. European firms emphasize bias mitigation and accountability, influencing global standards. The region’s steady growth is supported by public-private partnerships and investments in AI research, particularly in low-latency edge computing for industrial automation. Get a Free Sample Copy of the Report@ https://www.precedenceresearch.com/sample/5948 Market Scope Report Coverage Details Market Size by 2034 USD 236.03 Billion Market Size in 2025 USD 7.92 Billion Market Size in 2024 USD 5.43 Billion Market Growth Rate from 2025 to 2034 CAGR of 45.82% Dominated Region North America Fastest Growing Market Asia Pacific

4. Base Year 2024 Forecast Period 2025 to 2034 Technology, Agent System, Type, Application, End-user, and Regions Segments Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa Regions Covered Segmental Outlook of AI Agents Market By Technology Outlook Machine learningdominated the market in 2024, driven by its ability to automate complex tasks like fraud detection, predictive maintenance, and customer recommendation systems. Its broad applicability across industries-from finance to e- commerce-makes it a foundational technology for AI agents. Thedeep learning segmentis projected to grow fastest, leveraging neural networks to process unstructured data (e.g., images, audio) for advanced applications like autonomous vehicles, medical diagnostics, and facial recognition. This growth is fuelled by rising demand for high-accuracy, real-time decision-making in dynamic environments. By Agent System Outlook Single-agent systemsled the market in 2024, offering simplicity and cost efficiency for tasks like virtual assistants and customer service chatbots. Their plug-and-play deployment makes them ideal for SMEs seeking quick AI adoption. Conversely,multi-agent systemsare expected to grow fastest, enabling collaborative problem-solving in supply chain optimization, smart cities, and autonomous logistics. Their ability to coordinate decentralized decision-making addresses complex, large- scale industrial challenges. By Type Outlook Ready-to-deploy agentsheld the largest share in 2024, appealing to businesses seeking immediate solutions for customer support, sales, and HR automation. Pre-built systems reduce implementation time and costs. Thebuild-your-own agents segmentis growing fastest, driven by enterprises requiring tailored AI solutions for niche workflows, such as personalized marketing or specialized healthcare diagnostics. Customization allows scalability and alignment with unique business needs.

5. By Application Outlook Customer service and virtual assistantsdominated in 2024, as businesses prioritized 24/7 support, personalized interactions, and cost reduction. AI chatbots handle inquiries across retail, banking, and telecoms. Thehealthcare segmentis growing fastest, with AI agents streamlining telemedicine, medical imaging analysis, and patient data management. Rising healthcare costs and data-driven diagnostics are key drivers. By End-user Outlook Enterprisewas the largest segment in 2024, with corporations using AI agents for CRM, financial reporting, and IT support. Large budgets and digital transformation initiatives fuel adoption. Theindustrial segmentis expanding fastest, leveraging AI for predictive maintenance, quality control, and autonomous supply chains in manufacturing, energy, and logistics. Recent Developments •In January 2024, OpenAI launched the GPT Store, allowing developers to create and share custom AI agents market tailored for specific use cases, boosting personalization and practical deployments. These agents can be customized without coding, expanding access to SMEs and individual users. The initiative supports monetization, encouraging and opening AI ecosystems. •In February 2024, Google DeepMind Unveiled Gemini 1.5, a multimodal AI agent capable of handling complex tasks, and integrating text, image, and audio inputs for advanced enterprise and research applications. It shows improved reasoning, code generation, and memory handling, making it highly suitable for collaborative AI tasks. Gemini is expected to rival GPT-4 in capabilities. AI Agents Market Companies Alibaba Group Holding Limited Alibaba is integrating AI agents across its platforms, aiming for 100% of merchants on Alibaba.com to adopt its AI tools by 2025. These tools enhance marketing, product management, and customer engagement. Its DingTalk platform offers an AI Agent Marketplace with over 200 industry-specific agents for productivity and workflow automation. Amazon Web Services, Inc. (AWS) AWS has a dedicated group focused on agentic AI to automate tasks for businesses. Amazon’s AGI SF Lab develops foundational AI agents for digital and physical workflows, emphasizing real-world action and feedback-based learning.

6. Apple Inc. Apple integrates AI agents through Siri and on-device intelligence, prioritizing privacy and user-centric automation. Its ecosystem leverages AI for personalized experiences. Baidu Baidu advances conversational AI and autonomous systems, particularly in the Chinese market, focusing on smart assistants and industry-specific automation. Google Google develops AI agents via Google Assistant, Vertex AI Agent Builder, and Workspace integration. Its tools automate customer service, data analysis, and productivity tasks. IBM Corporation IBM’s Watson powers enterprise AI agents for customer service, risk management, and business automation, emphasizing trust and compliance. Meta Meta invests in AI agents for social platforms (Messenger, WhatsApp) and virtual environments, including embodied AI research for immersive interactions. Microsoft Microsoft’s Copilot and Azure AI integrate AI agents across productivity tools (Teams, Office) and cloud services, enabling enterprise automation and analytics. NVIDIA Corporation NVIDIA provides GPUs and AI frameworks (CUDA, Omniverse) that power AI agents globally, enabling real-time decision-making in industries like healthcare and robotics. Salesforce, Inc. Salesforce offers Einstein Copilot and Agent Exchange, a marketplace for AI agent skills, to automate CRM workflows and enhance customer interactions. Source: https://www.precedenceresearch.com/ai-agents-market