AI Agents Market Size

Global AI Agents Market size was valued at USD 7.84 billion in 2023 and is poised to grow from USD 11.47 billion in 2024 to USD 240.72 billion by 2032, growing at a CAGR of 46.3% during the forecast period (2025-2032).

Growing demand for conversational AI, high demand for enterprise automation solutions, advancements in generative AI tech, expansion of personalized learning, and growth in remote working environments are driving AI agents adoption.

Enterprises are deploying AI agents to offer 24/7 support, reduce costs, and improve customer experience as conversational AI demand rises. High demand for automation in businesses and advancements in AI technology are also slated to drive the global AI agents market growth. EdTech platforms are using AI agents to track student progress and adapt content to individual learning styles and paces. The global shift to remote and hybrid work models has increased the demand for AI agents that can assist employees across locations.

On the contrary, data privacy and security concerns, limited multilingual adaptation, high costs of implementation, algorithmic bias concerns, and resistance to change are forecasted to hamper the demand for AI agents across the study period and beyond.

Can Startups Alter the Trajectory of AI agents Going Forward?

Startups are at the heart of AI innovation and this trend is also true for the global AI agents industry. New companies are focusing on developing novel AI agents to stand out from competition by leveraging new LLM models and innovations. Here are some key startups focusing on AI agents.

• Zhipu AI: Founded in 2019, Zhipu is a startup focusing on AI innovation. The company is a testatment to China’s dedication in leading the AI innovation charge. Recently, in March 2025, the company announced the launch of AutoGLM Rumination, a new free AI agent. The AI agent is capable of performing tasks such as web searches, travel planning, report writing along with deep research as well. The agent is powered by Zhipu’s proprietary reasoning models.

• Humata AI: Based in the United States, the new company is focused on revolutionizing teaching for students through the use if AI technology. The 2024-founded company develops AI agents for real-time document analysis and research assistance. Humat’s agents can be used in legal, academic, and enterprise settings to interpret complex documents using LLMs.

• Mindverse: Based in Singapore, the startup focuses on providing custom AI chatbots and agents for a wide variety of applications including customer service, e-commerce, and enterprise chat. Founded in 2024, the company also offers multilingual and no-code agent creation for SMEs and regional adaptation to stand out from the competition.