P&S Intelligence published a new research report, titled, AI in Agriculture Market: Global Industry Analysis and Forecast till 2030, Technological advancements are revolutionizing all industries these days, and incorporation of artificial intelligence (AI) in different industrial processes has made operations incredibly easy. AI basically refers to the simulation of human intelligence in machines which are programmed to think like humans and mimic their actions.
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It is because of these capabilities of AI that the technology is being widely utilized in different industries, including the agriculture. The agriculture industry is registering rapid growth, owing to the surging population all across the globe. In 2019, the global AI in agriculture market attained a value of $671.6 million and is predicted to generate a revenue of $11,200.1 million by 2030, advancing at a 30.5% CAGR during the forecast period (2020–2030).
While at one time, agricultural practices were the major occupation of people, the preference has now shifted to corporate world. However, now there is a pressing need for increasing the productivity of lands which are still being used for practicing farming in order to cater to the needs of the rapidly increasingly population. Due to this, industry is registering a rising integration of AI in different operations which can help in getting the maximum output.
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This market research report provides a comprehensive overview of the AI in agriculture market
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the market and their service offerings
Recent strategic developments by the major players in the market