AI in Agriculture Market Insights | Key players: IBM, John Deere, Microsoft, Agribotix

AI in Agriculture Market by Technology (Machine Learning, Computer Vision, Predictive Analytics), Offering, Application (Precision Farming, Drone Analytics, Agriculture Robots, Livestock Monitoring), Offering, and Geography
By: Marketsandmarkets
 
NORTHBROOK, Ill. - Feb. 27, 2019 - PRLog -- The AI in agriculture market is expected to be valued at USD 2,628.5 million by 2025, growing at a CAGR of 22.5% between 2017 and 2025. The major factors contributing to the growth of the AI in agriculture market are the growing demand for agricultural production owing to the increasing population, rising adoption of information management systems and new, advanced technologies for improving crop productivity, increasing crop productivity by implementing deep learning techniques, and growing initiatives by worldwide governments supporting the adoption of modern agricultural techniques.  Moreover, the increasing penetration of AI technology for agriculture and livestock monitoring applications are also expected to fuel the growth of the AI in agriculture market during the forecast period.

The AI in agriculture market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The increasing adoption of deep learning and computer vision technologies for agricultural applications is the major driving factor for the growth of the market in the APAC region. Farmers in countries such as Australia, China, Japan, and India are increasingly adopting machine learning, deep learning, computer vision, and predictive analytics technologies.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=159957009

The AI in agriculture market for the drone analytics application is expected to grow at the highest CAGR during the forecast period owing to its extensive use in diagnosing and mapping crop health and making real-time decisions. Further, favorable government mandates for using drones in the agriculture field is expected to fuel the growth of the AI in agriculture market for the drone analytics application.

On the basis of technology, the AI in agriculture market has been segmented into machine learning, computer vision, and predictive analytics. Machine learning accounted for a major share of the AI in agriculture market based on technology. The market for the computer vision technology is expected to grow at the highest CAGR during the forecast period. The increasing use of computer vision technology for agricultural applications, such as plant image recognition, and the rising demand for continuous monitoring and analyzing crop health are the major factors contributing to the growth of the market for the computer vision technology.

Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=159957009

The AI in agriculture market based on offering has been segmented into hardware, software, AI-as-a-Service, and service. The software segment is expected to hold the largest market size during the forecast period.  The market for the hardware segment is expected to grow at the highest CAGR during the forecast period. The increasing demand for processors and data storage devices for farm operations is the major factor that is likely to contribute to the high growth rate of the hardware market in the coming years.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Contact
Marketsandmarkets
***@gmail.com
End
Email:***@gmail.com
Tags:AI in agriculture market
Industry:Technology
Location:Northbrook - Illinois - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Research Reports PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share