According to a new report, published by KBV research, The Global Artificial Intelligence in Agriculture Market size is expected to reach $4.9 billion by 2028, rising at a market growth of 24.1% CAGR during the forecast period.
The Machine Learning segment acquired maximum revenue share in the Global Artificial Intelligence in Agriculture Market by Technology in 2021 thereby, achieving a market value of $2.3 billion by 2028. agricultural organizations and farmers are embracing machine learning-enabled technologies in significant numbers to increase farm productivity and improve their competitiveness in commercial operations. One of the main driving forces for artificial intelligence in agriculture market is the growth of agricultural data generation and technological improvement.
The Precision Farming segment is showcasing a CAGR of 23.8% during (2022 - 2028). The segment's growth is attributable to AI technologies' strong, widespread adoption in precision farming activities. In addition, the current state of food farmers prioritizes precision farming and automation in food production, while AI drives the improvements.
The Software segment is leading the Global Artificial Intelligence in Agriculture Market by Offering in 2021 thereby, achieving a market value of $1.9 villion by 2028. Complex processes are carried out by the software embedded into a computer system. It combines the hardware-received data and analyses it in the AI system to produce an intelligent answer. Moreover, the software is divided into two categories that is; AI platforms and AI solutions. In an AI platform, data and a decision-making algorithm are coupled to let developers build a commercial solution.
The North America market dominated the Global Artificial Intelligence in Agriculture Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.8 billion by 2028. The Europe market is exhibiting a CAGR of 23.3% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 25.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/artificial-intelligence-in-agriculture-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Deere & Company, IBM Corporation, Microsoft Corporation, Climate LLC (Bayer AG), Farmers Edge Inc, AgEagle Aerial Systems, Inc., Prospera Technologies, Inc. (Valmont Industries, Inc.), A.A.A Taranis Visual Ltd., CropIn Technology Solutions Private Limited, and Corteva, Inc. (Dow AgroSciences LLC).
By Technology
By Application
By Offering
By Geography
Companies Profiled
Unique Offerings 
