BofA Predicts $155 Billion Agentic AI Boom by 2030, Highlighting Key Tech Beneficiaries

BofA's Bullish Forecast on Agentic AI

Bank of America Securities (BofA) has released a groundbreaking report predicting a significant surge in software spending driven by AI agents. The report estimates that agentic AI spending could reach a staggering $155 billion by 2030, a figure that is three times higher than most current industry analyst projections 1

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The Power of Agentic Functionality

Source: Seeking Alpha

BofA analysts believe that "agentic functionality" could be the key to unlocking substantial revenue in the AI sector. This technology has the potential to deliver sustainable, measurable, and material workforce productivity improvements. The report suggests that AI agents could perform 10% of workflows for knowledge workers by 2030, representing $1.9 trillion in automation-driven value 1

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Methodology and Market Potential

BofA's analysis leveraged a top-down approach to estimate the potential "services" Total Addressable Market (TAM) capture of agentic AI. The report estimates global knowledge worker wages across seven major occupation categories (including sales, finance, and IT) at $18.6 trillion annually. Assuming software vendors can capture approximately 8% of the automation-driven value, this would equate to global agentic AI spending of $155 billion 1

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Current State of Agentic AI Adoption

While the potential for agentic AI is significant, the technology is still in its early stages of deployment. According to BofA's surveys:

• 64% of organizations expect to pursue agentic AI initiatives in 2025
• 53% of initiatives are in the exploration stage
• 25% are in the pilot stage
• Only 6% of organizations have agentic AI in production (as of January 2025) 1

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Key Beneficiaries in the AI Boom

Source: Benzinga

BofA's report highlights several key companies poised to benefit from the agentic AI boom:

1. Microsoft (MSFT): Leveraging its Azure platform and OpenAI partnership
2. Salesforce (CRM): With its Agentforce product
3. ServiceNow (NOW): Offering Now Assist
4. Intuit (INTU): Developing Intuit Assist for QuickBooks and TurboTax
5. HubSpot (HUBS): Creating Breeze AI agents
6. GitLab (GTLB): Introducing Duo
7. OneStream (OS): Developing SensibleAI 1

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These companies possess key ingredients for AI success and monetization, including large customer datasets, robust data management capabilities, and publicly available or beta agentic AI features.

Future Outlook and Monetization

BofA expects monetization of agentic AI to begin ramping up in calendar year 2026. The report suggests that customer service, marketing, sales, and software development are likely to be the first significant job functions to adopt agentic technologies 1

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As the agentic AI market continues to evolve, investors and industry watchers will be closely monitoring the progress of these key players and the overall growth of this transformative technology sector.