Global AI in Agriculture Market Trend Analysis by 2025: IBM, Microsoft Corporation, Descartes Labs, Deere & Company, Granular, The Climate Corporation, Prospera Technologies, CropX Technologies LTD, Trace Genomics, Resson
The global AI in agriculture market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Major Market Drivers:
• Increasing adoption of new advanced technologies and IMS
• Rising demand for agricultural production
• Government support and initiatives for the adoption of modern agricultural techniques
• Maximizing crop productivity along with the implementation of various techniques
• Increasing use of drones in agricultural farms
• High Cost involved during precise field data collection.
Market Analysis: Global AI in Agriculture Market
The Global AI in Agriculture Market accounted for USD 432.5 million in 2017 and is projected to grow at a CAGR of 22.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Artificial Intelligence (AI) in agriculture is utilization of cognitive technologies that helps in learning, reasoning, understanding and interacting, which in result increases the efficiency. It offers various advantages such as Image recognition and insight, chatbots for farmers, help IoT achieve its maximum potential and determine the best options to maximize return on crops.
Market Segmentation: Global AI in Agriculture Market
On the basis of offering:
Hardware is sub segmented into:
• Storage Device
On the basis of technology:
• Predictive Analytics
• Machine Learning
• Computer Vision
On the basis of application:
• Livestock Monitoring
• Precision Farming
• Agriculture Robots
• Livestock Monitoring
• Drone Analytics
On the basis of geography:
• North America
• South America
• Middle East & Africa
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Major Market Competitors: Global AI in Agriculture Market
Some of the major players in global AI in agriculture market are:
• Microsoft Corporation
• Descartes Labs
• Deere & Company
• The Climate Corporation
• Agribotix LLC
• Tule Technologies
• Mavrx Inc.
• Harvest Croo
• Trace Genomics
• Spensa Technologies Inc.
• Vision Robotics
• Autonomous Tractor Corporation
• Among others.
Frequently Asked Questions:
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global AI in Agriculture Market?
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