The Business Research Company’s Artificial Intelligence (AI) In Agriculture Global Market Report 2023is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2023-2032. The Artificial Intelligence (AI) In Agriculture Global Market Report 2023evaluates artificial intelligence (ai) in agriculture market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global artificial intelligence (AI) in agriculture market is expected to grow from $1.51 billion in 2022 to $1.85 billion in 2023 at a compound annual growth rate (CAGR) of 23%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence (AI) in agriculture market is expected to reach $4.19 billion in 2027 at a CAGR of 22.7%.
The need for increased food production for food security is expected to propel the growth of artificial intelligence (AI) in the agriculture market going forward. Food security is the availability, accessibility, and usage of food that fulfills people’s dietary needs and preferences for an active and healthy life and ensures that everyone has access to enough safe, nutritious food. Artificial intelligence can optimize agricultural operations, increase crop yields, and evaluate massive volumes of data such as weather patterns, soil conditions, and crop health to offer farmers real-time insights and exact suggestions. It enables improved irrigation, fertilization, pest management, and harvesting decisions, increasing productivity, less waste, maximum food output, and global food security. For instance, in July 2023, according to the report published by the Food and Agriculture Organization, a Canada-based organization that leads international efforts to defeat hunger and improve nutrition and food security, global production of cereal in 2023 increased by 5.9 million tons (0.2 %) in July compared to the previous month, reaching 2,819 million tons, up 1.1% year on year. Further, global wheat utilization increased from around 762 million tons in 2020–2021 to about 773 million tons in 2021–2022, and it is anticipated to increase to 780 million tons in 2022–2023. Therefore, the need for increased food production for food security will drive artificial intelligence (AI) in agriculture market
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The artificial intelligence (ai) in agriculture market segments in the report are:
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
Top Major Players:
Microsoft Corporation
International Business Machines Corporation
Siemens Healthineers
Koninklijke Philips
Tempus Labs Inc
North America was the largest region in the artificial intelligence in cardiology market in 2022.
The table of contents in TBRC’s artificial intelligence (ai) in agriculture market report includes:
1. Executive Summary
2. Artificial Intelligence In Cardiology Market Characteristics
3. Artificial Intelligence In Cardiology Market Trends And Strategies
4. Artificial Intelligence In Cardiology Market – Macro Economic Scenario
5. Global Artificial Intelligence In Cardiology Market Drivers and Restraints
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32. Global Artificial Intelligence In Cardiology Market Competitive Benchmarking
33. Global Artificial Intelligence In Cardiology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence In Cardiology Market
35. Artificial Intelligence In Cardiology Market Future Outlook and Potential Analysis
36. Appendix
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