Growth opportunities in the Artificial Intelligence in Agriculture Market look promising over the next six years. This is mainly due to the ongoing government initiatives, reduction in labor expenses, and help to overcome the traditional challenges in every field.
Artificial Intelligence in Agriculture Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The stimulating demand for agriculture production led by the accelerating population rate, increasing incorporation of information management systems and sophisticated technologies, including deep learning and machine learning techniques to enhance the crop productivity along with the surging favorable initiatives by the government are some of the most prominent drivers supplementing the growth of the global AI in the agriculture market. Also, these devices allow controlling of pests, up-gradation of crop quality, supervision of soils, and enhancement in the agriculture-associated tasks in the entire food supply chain. In addition, the augmentation in the endorsement of Internet of Things and AI technologies which include computer vision, predictive analytics, machine learning, and deep learning to evaluate soil moisture, weather conditions, temperature, and plant health, is strengthening the AI in the agriculture market size. Furthermore, AI helps to improve the yield quality and decreases the labor cost that is paving the way for market growth. The start-ups in agriculture are extensively acquiring AI-enabled methodology to enhance the effectiveness of agricultural production. The application of these approaches helps to identify diseases or climatic changes more swiftly and responds smartly. All these factors together are supplementing the market growth. However, the high cost associated with the collection of precise field data is hampering the market growth.
Offering Segment Drivers
Based on offering, the software is projected to dominate the market during the forecast period. This is because of the amelioration of crop productivity by applying prediction-based analytics and computer vision technology. In addition to this, the increasing assimilation of mobile technologies with farming techniques, the aggravating implementation of AI-based software to impel farm efficiency, accelerating penetration of predictive analytics enabled software, and the increasing need for real-time management systems are bolstering the growth of the market.
Regional Drivers
Based on the regional coverage, North America is predicted to witness a faster CAGR over the forecast period. This is owing to the excessive perforation of industrial automation and artificial intelligence application. The rising adoption of AI technology among large-scale agriculture players to elevate the speed and accuracy of crops will drive market growth.
Artificial Intelligence in Agriculture Market’s leading Manufacturers:
- Microsoft Corporation
- Granular Inc.
- Prospera Technologies
- Taranis
- GAMAYA
- Deere & Company
- The Climate Corporation (Subsidiary of Monsanto)
- Descartes Labs, Inc.
- AgEagle Aerial Systems Inc.
- aWhere Inc.
- IBM Corporation
Artificial Intelligence in Agriculture Market Segmentation:
Segmentation by Offering
- Hardware
- Processor
- Storage Device
- Network
- Software
- AI Platform
- AI Solution
- AI-as-a-Service
- Service
- Deployment and Integration
- Support and Maintenance
Segmentation by Technology
- Machine Learning
- Computer Vision
- Predictive Analytics
Segmentation by Application
- Precision Farming
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking and Forecasting
- Irrigation Management
- Livestock Monitoring
- Drone Analytics
- Agriculture Robots
- Other Applications
- Smart Greenhouse Applications
- Soil Management
- Moisture Monitoring
- Nutrient Monitoring
- Fish Farming Application
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
