Artificial Intelligence in Agriculture Market Analysis

  • Report ID: 3642
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Artificial Intelligence in Agriculture Market Analysis

The market is segmented by technology into machine learning, computer vision, and predictive analytics, out of which, the machine learning segment is anticipated to hold the largest share in the global artificial intelligence in agriculture market. This can be accounted to the rising adoption of machine learning-enabled solutions by agricultural organizations and farmers around the world for enhancing their farm productivity and gaining a competitive edge in business operations. Additionally, on the basis of offering, the software segment is predicted to acquire the most significant share during the forecast period, which can be credited to the growing usage of AI software to increase farm efficiency, and high integration of mobile technologies with farming techniques. Apart from these, intensifying demand for real-time data management systems is also assessed to boost the growth of the market segment in the imminent time. 

Our in-depth analysis of the global market includes the following segments:

           By Technology

  • Machine Learning
  • Computer Vision
  • Predictive Analytics

             By Deployment

  • Cloud
  • On-Premise
  • Hybrid

 

 

           By Offering

  • Software
  • Hardware
  • AI-as-a-Service
  • Services

           By Application

  • Weather Tracking
  • Precision Farming
  • Drone Analytics
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Browse Key Market Insights with Data Illustration:


Author Credits:  Nilanjana Ray


  • Report ID: 3642
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of artificial intelligence in agriculture is assessed at USD 2.31 billion.

Artificial Intelligence in Agriculture Market size was over USD 1.94 billion in 2023 and is projected to exceed USD 30.48 billion by 2036, growing at over 23.6% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing usage of smart sensors in agricultural fields and upsurge in demand for agricultural produce globally.

Asia Pacific industry is anticipated to account for largest revenue share by 2036, propelled by growing adoption rate of AI in agriculture in countries such as India, China, Japan and Australia, and entry of major companies in agricultural solutions business in the region.

The major players in the market are Microsoft Corporation, AgEagle Aerial Systems Inc., Descartes Labs, Inc., IBM Corporation, John Deere and Company, and others.
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