Artificial intelligence (AI) is a program based technology, owing to which digital computers and robots can perform real-time tasks by using cognitive human intelligence such as speech recognition, visual perception, decision making etc. AI in agriculture is commonly used for precision farming, crop monitoring, crop analytics, etc.
Major factors driving growth of the global Artificial Intelligence (AI) In Agriculture Market is increasing demand for better yield crops, and increasing demand for agricultural products across the globe, owing to increasing population. In addition, rising demand for smart agriculture sensors, information management systems, deep learning techniques, and precision farming are other factors driving growth of the global market. These factors are expected to further drive growth of the global market to a significant extent over the forecast period.
The Artificial Intelligence (AI) In Agriculture Market is segmented on the Basis of component, technology and regions. On the basis of component, the global market is segmented into Hardware, Software, Service. The Software segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of technology, the global market is segmented into Machine Learning, Predictive Analytics, Computer Vision. The Computer Vision segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include International Business Machines Corporation, Deere & Company, Microsoft Corporation, Agribotix LLC, The Climate Corporation, Mavrx Inc., PrecisionHawk, Granular Inc., Gamaya, aWhere Inc.
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