AI in Agriculture Markets: A Global and Regional Analysis 2020-2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Artificial Intelligence in Agriculture Market – A Global and Regional Analysis: Focus on Product, Application, and Country Analysis and Forecast, 2020-2026” report has been added to ResearchAndMarkets.com’s offering.
The global artificial intelligence in agriculture market is expected to reach $6,655.1 million by 2026, with a CAGR of 30.56% during the forecast period 2021-2026. The growth rate in the market is because of the increased awareness of artificial intelligence-based solutions in some regions of the world.
Growth Drivers
- Need for Increased Agricultural Production
- Complexities in Data-Driven Farming
- Increased Demand for Automation in Agriculture
Challenges
- Data Privacy Concerns Among Farmers
- Lack of Required Infrastructure in Developing Countries
Opportunities
- Increased Government Initiatives Supporting AI in Agriculture
- Increased Implementation of Robots and Drones in Agriculture
- Rise in Adoption of SaaS Business Model in Agriculture
Market Segmentation
- Farming Type: Field Farming, Indoor Farming, Livestock Farming, Others
- End Use: Crops, Fruits, Vegetables, and Other Plants; Livestock and Aquaculture
- Product: Software, Hardware, Artificial Intelligence-as-a-Service (AIaaS), Support Services
Regional Segmentation
- North America: U.S., Canada, and Mexico
- Europe: Germany, France, Netherlands, Italy, Spain, and Rest-of-Europe
- U.K.
- China
- Asia-Pacific: India, Japan, Australia, and Rest-of-Asia-Pacific
- Rest-of-the-World: Brazil, Argentina, South Africa, Israel
Key Companies Profiled
- Deere & Company
- Microsoft Corporation
- CNH Industrial NV
- Robert Bosch GmbH
- Granular Inc.
- Harvest Crop Robotics, LLC
- Agrivi
- CropIn Technology Solutions Pvt. Ltd.
- Alibaba Group Holding Limited
- The Climate Corporation
- Descartes Labs, Inc.
- PrecisionHawk, Inc.
- Ceres Imaging
- IBM Corporation
- Prospera Technologies
Recent Developments
- In May 2021, Robert Bosch unveiled its new artificial intelligence based IoT platform to keep real time track of energy consumption, electrical parameters in healthcare, agriculture, and other sectors.
- In November 2020, Deere & Company introduced AutoPath for more accurate row guidance throughout the season.
- In November 202, CLAAS KGaA mbH launched the cloud-based DataConnect system that enables the exchange of machinery data between CLAAS, 365FarmNet, and Deere & Company.
- In September 2020, Agrivi launched Agrivi Farm Fleet that enables farmers to have real-time access to their fuel usage and machinery.
Key Questions Answered in the Report
- What is the estimated global artificial intelligence in agriculture market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
- What are the key trends, market drivers, and opportunities in the market pertaining to artificial intelligence in agriculture?
- What are the major restraints inhibiting the growth of global artificial intelligence in agriculture market?
- What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
- What is the competitive strength of the key players in the artificial intelligence in agriculture market based on an analysis of their recent developments, product offerings, and regional presence?
- How is the competitive benchmarking of the key artificial intelligence in agriculture companies in the agriculture market based on the analysis of their market coverage and market potential?
- How much revenue is each segment expected to record during the forecast period, along with the growth percentage?
- What is the type of players and stakeholders operating in the market ecosystem of artificial intelligence in agriculture, and what is their significance in the global market?
For more information about this report visit https://www.researchandmarkets.com/r/j4ylur
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
