计算机行业专题研究：Agent有望定义万亿劳动力市场

Industry Investment Rating - The industry investment rating is maintained at "Outperform" [1] Core Insights - The report highlights that the period of 2025-2026 is expected to mark the commercialization of AI Agents, driven by advancements in large model capabilities and the introduction of key players like OpenAI, Anthropic, Microsoft, and Google [2][3] - The total addressable market (TAM) for AI Agents is estimated at approximately 3.61 trillion yuan, with significant opportunities in vertical industries such as IT and finance [2][3] - AI Agents are projected to replace specific standardized roles in various sectors, with a focus on enhancing productivity and ROI for businesses [3][50] Summary by Sections Investment Rating - The report maintains a rating of "Outperform" for the industry [1] Market Potential - The AI Agent market is expected to reach a TAM of 3.61 trillion yuan, calculated based on total salaries, replacement rates, and efficiency optimization [50][52] - Key sectors for AI Agent penetration include coding, banking, human resources, legal, cybersecurity, and customer service, with specific TAM estimates for each [2][3][61] Technological Advancements - The report emphasizes the transition from generative AI to Agentic AI, indicating a new phase where AI can reason, plan, and act autonomously [9][10] - Major advancements in AI capabilities, particularly in memory, planning, and tool usage, are driving the development of AI Agents [16][19] Industry Applications - AI Agents are expected to significantly impact industries with high labor costs, particularly in finance, IT, and legal sectors, where the potential for automation is substantial [57][58] - Specific applications include: - AI in coding, with an estimated TAM of 4357.84 billion yuan [68] - AI in banking, with a projected TAM of 1774.32 billion yuan [77] - AI in human resources, where 43% of companies are expected to integrate AI into recruitment processes by 2024 [80] Key Players and Ecosystem - The report identifies key players in the AI Agent ecosystem, including companies like Alibaba, NVIDIA, and various startups focusing on specific verticals [4][39][41] - The emergence of protocols like MCP and A2A is expected to enhance the interoperability and efficiency of AI Agents across different platforms [21][29]