计算机：AI Agent元年，企业服务有望最先落地计算机

Investment Rating - The report rates the industry as "Positive" [1] Core Insights - The application of AI Agents is transitioning from Copilot to Agent, with AI Agents being autonomous systems capable of independent decision-making and execution [2][3] - The global AI Agent market is expected to exceed $130 billion by 2033, with a compound annual growth rate (CAGR) of approximately 43.9% from 2023 to 2033 [3][54] - B-end enterprise service SaaS vendors are identified as the most direct beneficiaries of the AI Agent trend, with significant commercial value derived from cost reduction, efficiency enhancement, and personalized services [4][39] Summary by Sections Investment Highlights - AI Agents are characterized by their ability to autonomously complete tasks, thereby saving labor costs and improving operational efficiency [5][39] - The best scenarios for AI Agent deployment are in vertical fields with significant ROI and clear data entry advantages, particularly in enterprise services such as office automation, ERP, and marketing [5][33] Related Companies - Key companies to watch include: - Office Software: Kingsoft Office, iFlytek, CaiXun Co. - Creative Software: Wanxing Technology - OA: Zhiyuan Interconnect, Fanwei Network - Industrial Software: Hand Information, Dingjie Zhizhi - Marketing: Mingyuan Cloud, Maifushi - ERP: Kingdee International, Yonyou Network [4][6] Market Dynamics - The AI Agent ecosystem is expected to flourish by 2025, driven by domestic large models like DeepSeek and the emergence of overseas SaaS companies [3][4] - The report outlines various business models for AI Agents, including value-sharing, usage-based, and success-based pricing strategies [41][47][50] B-end Application Scenarios - The report identifies several key application areas for AI Agents in B-end services, including: - Enterprise services with clear process management - Customer service automation - E-commerce and retail personalization - Medical decision support systems - Manufacturing and supply chain optimization [33][35] C-end Applications - C-end applications are also highlighted, with AI Agents being integrated into consumer hardware such as smartphones and smart glasses, enhancing user interaction through natural language and AR capabilities [29][31][32]