The AI agents market will grow by $42 billion to reach $47.1 billion by the year 2030, according to a report by research firm Markets and Markets.
AI agents are largely used by firms to automate repetitive functions, analyze large data sets and provide real time insights.
Sectors mentioned by the report are investment banking and the medical industries where AI can be used for pattern detection and data analysis.
The report posits a compount growth rate of 44.8% over a current market value for 2024 of $5.1 billion.
By Staff
