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The AI Agent Software Market, valued at USD 554 million in 2024, is projected to soar to USD 15.12 billion by 2031, growing at a staggering CAGR of 60.3%, according to a recent report by Valuates Reports.

This dramatic growth reflects the accelerating adoption of intelligent agents across industries, fueled by the rise of L4 and L5 AI autonomy, the democratization of AI tools for individuals, and the enterprise push toward hyper-automation.

Stockholm, Sweden – Sinch AB (XSTO: SINCH), a global leader in customer engagement through its Customer Communications Cloud, has announced the successful implementation of the Model Context Protocol (MCP)—a major leap in enabling AI agents to autonomously execute communications across global channels.

In a significant move to accelerate the adoption of real-world AI, Milesight today officially launched CamThink, a new brand dedicated to delivering edge AI hardware and vision intelligence for smart industry applications. Backed by Milesight’s robust global infrastructure and R&D strength, CamThink offers a comprehensive product suite designed to bring mainstream and production-ready AI models directly to real-world environments—no cloud dependency required.