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Artificial Intelligence in Agriculture Market - A Global and Regional Analysis

Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2020-2026

 
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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 top market players are Deere & Company, Microsoft Corporation, CNH Industrial N.V., 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.

Factors driving the growth of the artificial intelligence in agriculture market are need for increased agricultural production, complexities in data-driven farming, and increased demand for automation in agriculture.

Some of the main challenges restricting the growth of the artificial intelligence in agriculture market are data privacy concerns among farmers, and lack of required infrastructure in developing countries.

The potential opportunities that are likely to boost the growth of the artificial intelligence in agriculture market are increased government initiatives supporting AI in agriculture, increased implementation of robots and drones in agriculture, and rise in adoption of SaaS business model in agriculture.

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