Global AI in Agriculture Market Market 2019-2025
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Global AI (Artificial Intelligence) in Agriculture Market Size, Share & Trends Analysis Report by Deployment (Cloud-Based and On-Premise) and by Application (Precision Farming, Agriculture Robots, Livestock Monitoring, and Others) and Forecast, 2019-2025
Global AI in agriculture market is witnessing a significant growth owing to the increasing government support for the adoption of modern technologies in the agriculture application and rising productivity of the crops by using deep learning technologies. AI can be implemented at a variety of scales in agriculture. The data composed from sensors can be transformed by AI into information to provide entire farm monitoring and planning crops management, by determining management results for specific animals and plants. AI and machine learning applications are being established to notify possible production consequences for a variety of situations using historic and real-time data. Moreover, the rising application of agriculture drone and unmanned aerial vehicles (UAVs) will propel the market growth during the forecast period.
The global AI in agriculture market is further segmented based on geography which includes North America, Europe, Asia-Pacific and Rest of the World. AI in agriculture market in North America is estimated to have a significant market share due to the availability of various advanced AI technology such as agriculture robots in the agriculture industry. Further, Asia-Pacific is estimated to exhibit a considerable market growth in the global AI in agriculture market owing to the increasing government initiatives for growing productivity of crops using advanced technologies such as machine learning and predictive analytics.
Moreover, the global AI in agriculture market have been positively influenced by the product development and technological advancements offered by the market players. Some of the players operating in the AI in agriculture market include AgEagle Aerial Systems, Inc., Cargill Inc., Deere & Company, IBM Corp., Intel Corp., Microsoft Corp., PrecisionHawk, Inc., A.A.A Taranis Visual Ltd., and Tule Technologies. These players are playing a significant role in the growth of the AI in agriculture market by providing various products and adopting several strategies such as a merger and acquisition, partnerships, collaboration, and others. For Instance, in September 2017, Deere & Company acquired Blue River Technology to develop machine learning capabilities in agriculture that would further contribute to the growth of the market.
The market study of the global AI in agriculture market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for agriculture equipment manufacturers, AI software and solution providers, private equity firms, startup and new entrants, and government organizations provide sector for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.