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(Wireless-NewsWire.Com, September 19, 2018 ) According to Verified Market Intelligence, the Global AI in Agriculture Market was valued at USD 504.05 Million in 2017 and is projected to reach USD 2,420.71 Million by 2025, growing at a CAGR of 11% from 2017 to 2025.
The agricultural sector is rapidly adopting advanced technology such as Artificial Intelligence and machine learning in terms of both agricultural products and in-field farming techniques. Artificial intelligence is all set to revolutionize the future of farming with the help of drones, robots and intelligent monitoring systems, and driverless tractors. Artificial intelligence can help the farmers in producing more food from the land while using fewer resources. It offers benefits such as disease detection, crop readiness identification, health monitoring of crops, field management: and identification of optimal mix for agronomic products.
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Increasing population, growing demand for agricultural production, rising adoption of information technology systems, increasing consumption as well as growth initiatives by governments supporting the adoption of modern agricultural techniques have been driving the global AI in Agriculture market. While high implementation costs, data security issues, and lack of understanding of end users in AI in agriculture act a potential restraint for the overall market at a global level.
The “Global AI in Agriculture” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Agribotix, Bayer CropScience AG, Case IH Agriculture, ClearAg Operations, Deere & Company, Farmers Edge Inc., Granular AG, Grownetics Inc., IBM, Mapshots Inc., SST Software. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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