Artificial Intelligence (AI) in Agriculture Market Set to Reach $2.27 Billion in 2024, Driven by Agriculture Adoption

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON, UK, June 17, 2024 /EINPresswire.com/ -- The use of artificial intelligence (AI) in agriculture, leveraging modern technology and machine learning algorithms, has witnessed exponential growth. The market is projected to grow from $1.85 billion in 2023 to $2.27 billion in 2024, at a compound annual growth rate (CAGR) of 22.9%. This growth is attributed to the adoption of precision agriculture, availability of data, farm mechanization, and the impact of climate change.

Future Growth and Key Drivers
Looking ahead, the market is expected to continue its rapid expansion, reaching $5.2 billion by 2028, with a CAGR of 23.0%. Factors such as IoT integration, enhanced AI algorithms, increased adoption of drones, and the global demand for food are driving this growth. Major trends in the forecast period include advancements in satellite imaging, smart irrigation systems, blockchain for supply chain, and collaborations between technology companies and agricultural organizations.

Explore comprehensive insights into the global artificial intelligence (AI) in agriculture market with a detailed sample report:
https://www.thebusinessresearchcompany.com/sample_request?id=12684&type=smp

Key Players and Market Trends
Major companies in the AI in agriculture market include Google LLC, Microsoft Corporation, IBM Corporation, and Bayer AG. These companies are focusing on product innovations to enhance their offerings and market position. For instance, Iron Ox launched Grover, a new autonomous mobile robot designed for greenhouse environments, using a differential drive system and LiDAR sensors.

Regional Insights
North America led the AI in agriculture market in 2023, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The report covers key regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, providing insights into regional dynamics and growth opportunities.

Market Segmentation
The artificial intelligence (AI) in agriculture market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Predictive Analysis, Computer Vision
3) By Deployment: Cloud, On-Premise, Hybrid
4) By Application: Precision Framing, Agriculture Robots, Livestock Monitoring, Drone Analytics, Labor Management, Other Applications

Access the complete report for an in-depth analysis of the global artificial intelligence (AI) in agriculture market:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-agriculture-global-market-report

Artificial Intelligence (AI) In Agriculture Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Artificial Intelligence (AI) In Agriculture Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on artificial intelligence (AI) in agriculture market size, artificial intelligence (AI) in agriculture market drivers and trends, artificial intelligence (AI) in agriculture market major players, competitors' revenues, market positioning, and market growth across geographies. The artificial intelligence (AI) in agriculture market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Artificial Intelligence Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-global-market-report

Agriculture Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report

Artificial Intelligence Chip Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-chip-global-market-report

About The Business Research Company
The Business Research Company has published over 27 industries, spanning over 8000+ markets and 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube

Contract Furniture Market