openPR Logo
Press release

Artificial Intelligence in Agriculture Market by Technology, Offering, Application and Regional Competitive Landscape

08-01-2023 12:33 PM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

Artificial Intelligence in Agriculture Market

Artificial Intelligence in Agriculture Market

"The AI in agriculture market is projected to grow at a CAGR of 23.1% during 2023-2028. "

The AI in agriculture market is projected to grow from USD 1.7 billion in 2023 to USD 4.7 billion in 2028; it is expected to grow at a CAGR of 23.1% during the forecasted period.AI in agriculture is mainly used in

precision farming, agriculture robots, livestock monitoring, drone analytics, labor management, and others. The market growth is mainly driven by government support to adopt modern agricultural techniques. Local governments in the Americas and Europe are encouraging farmers to adopt modern farming practices by providing improved budgets and guidance at different levels to increase food production. Governments worldwide are taking several initiatives to boost agriculture production, develop high-quality seeds, and increase storage capacities. These initiatives entail investing in AI-based farming technology.

Download Free Sample PDF @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1257534

"Market for AI-as-a-Service is to grow at highest CAGR during forecast period."

The artificial intelligence (AI) in agriculture market has been segmented based on offering into hardware, software, AI-as-a-Service, and services. Market for AI-as-a-Service is expected to grow at highest CAGR during forecast period. Major companies, such as IBM, Microsoft, Granular, and Descartes Labs, are involved in providing AI-as-a-Service.

"Market for drone analytics application is expected to grow at highest CAGR during forecast period."

The market for drone analytics application is expected to grow at highest CAGR during forecast period.

Drone support farmers by offering efficient plant protection, providing important data on soil types, and monitoring crop health. In agriculture, microdrones have a huge potential and a wide range of applications. Drone analytics software is used for measuring vegetation levels based on the normalized difference vegetation index (NDVI), a graphical indicator of this measurement.

"Market for Asia Pacific is to grow at highest CAGR during forecast period."

The AI in agriculture market has been segmented into four geographic regions: the North America, Europe, Asia Pacific, and the Rest of the World (RoW). The market in Asia Pacific is expected to witness the highest growth rate during the forecast period. The wide-scale adoption of AI technologies in agricultural farming is a key factor supporting the growth of the market in this region. Further Asia Pacific is segmented into China, Japan, South Korea, India and Rest of Asia Pacific. There is an increasing application of AI in the agriculture sector in developing countries, such as India and China.

Artificial Intelligence (AI) has become a game-changer in various industries, and agriculture is no exception. The future of AI in agriculture holds immense potential to revolutionize farming practices, ushering in a new era of efficiency, sustainability, and increased productivity.

One of the key areas where AI is making a significant impact is precision agriculture. AI-powered sensors and drones can collect vast amounts of data, such as soil composition, crop health, and weather patterns, enabling farmers to make data-driven decisions. With AI analytics, farmers can optimize irrigation, fertilization, and pesticide application, leading to reduced resource wastage and improved crop yields.

Machine learning algorithms are also empowering farmers to better predict and prevent crop diseases and pest infestations. By analyzing historical data and identifying patterns, AI systems can provide early warnings and suggest appropriate interventions, minimizing the need for harmful chemical treatments and ensuring a healthier harvest.

Furthermore, AI is driving the development of autonomous agricultural machinery. Self-driving tractors and robotic harvesters can work around the clock, enhancing productivity and alleviating labor shortages. These machines can precisely perform tasks, such as planting, weeding, and harvesting, with minimal human intervention, streamlining operations and reducing costs for farmers.

In the future, AI-powered agricultural systems are expected to be more interconnected and collaborative. Smart farming platforms may integrate data from multiple farms, regional climate data, and market trends to offer comprehensive insights and forecasts. This level of integration can facilitate better resource allocation, sustainable practices, and improved supply chain management.

However, embracing AI in agriculture also presents challenges. Addressing issues like data privacy, access to technology in rural areas, and the potential displacement of farm labor will be crucial to ensuring equitable and responsible adoption.

In conclusion, the future of AI in agriculture promises a paradigm shift in how we produce food. By leveraging AI technologies, farmers can optimize operations, minimize environmental impact, and meet the growing global demand for food sustainably. Embracing AI with a thoughtful and ethical approach will enable the agricultural sector to thrive and contribute to a more food-secure and ecologically balanced future.

Download Complete Report @ https://www.reportsnreports.com/purchase.aspx?name=1257534

ReportsnReports - Your Market Research Librarian
Corporate Headquarters
Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune-411013, India.
+ 1 347 333 3771
sales@reportsandreports.com

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Intelligence in Agriculture Market by Technology, Offering, Application and Regional Competitive Landscape here

News-ID: 3151382 • Views:

More Releases from ReportsnReports

DeviceCon Series 2024 - UK Edition | MarketsandMarkets
DeviceCon Series 2024 - UK Edition | MarketsandMarkets
Future Forward: Redefining Healthcare with Cutting-Edge Devices Welcome to DeviceCon Series 2024 - Where Innovation Meets Impact! Join us on March 21-22 at Millennium Gloucester Hotel, 4-18 Harrington Gardens, London SW7 4LH for a groundbreaking convergence of knowledge, ideas, and technology. MarketsandMarkets proudly presents the DeviceCon Series, an extraordinary blend of four conferences that promise to redefine the landscape of innovation in medical and diagnostic devices. Register Now @ https://events.marketsandmarkets.com/devicecon-series-uk-edition-2024/register MarketsandMarkets presents
5th Annual MarketsandMarkets Infectious Disease and Molecular Diagnostics Conference Promises New Trends and Insights in Diagnosis
5th Annual MarketsandMarkets Infectious Disease and Molecular Diagnostics Confer …
London, March 7, 2024 - MarketsandMarkets is thrilled to announce the eagerly awaited 5th Annual Infectious Disease and Molecular Diagnostics Conference, scheduled to take place on March 21st - 22nd, 2024, at the prestigious Millennium Gloucester Hotel, located at 4-18 Harrington Gardens, London SW7 4LH. This conference promises to be a groundbreaking event, showcasing the latest trends and insights in diagnosis, as well as unveiling cutting-edge technologies that are revolutionizing the
Infection Control, Sterilization & Decontamination Conference |21st - 22nd March 2024| Challenges and Factors affecting in Sterilization of medical devices and more
Infection Control, Sterilization & Decontamination Conference |21st - 22nd March …
MarketsandMarkets is pleased to announce its 8th Annual Infection Control, Sterilisation, and Decontamination in Healthcare Conference, which will take place March 21-22, 2024, in London, UK. With the increased risk of infection due to improper sterilisation and decontamination practices, the safety of patients and healthcare workers is of paramount importance nowadays. Enquire Now @ https://events.marketsandmarkets.com/infection-control-sterilization-and-decontamination-conference/ This conference aims to bring together all the stakeholders to discuss the obstacles in achieving
Breast Augmentation Market Key Players, Demands, Cost, Size, Procedure, Shape, Surface and Forecast to 2025
Breast Augmentation Market Key Players, Demands, Cost, Size, Procedure, Shape, S …
The global Breast Augmentation Market in terms of revenue was estimated to be worth $900 million in 2020 and is poised to reach $1,692 million by 2025, growing at a CAGR of 13.4% from 2020 to 2025. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,