NEW YORK, March 12, 2018 (GLOBE NEWSWIRE) -- The Global Artificial Intelligence in Agriculture (AIA) Market is expected to grow at a significant CAGR of 24.3% during the forecast period. The factors driving the growth of the global AIA market are rising adoption of information management systems (IMS), automated irrigation, increasing crop productivity by implementing deep learning techniques, and increasing global population. Growing need for better yield of crops and increasing consumption of food further propels the growth of the global AIA market. Furthermore, growing trend of precision farming and increasing adoption of smart sensors are also fueling the demand of the global AIA market. Replacement of human labor is also expected to overcome by AIA, to minimize scarcity of physical labor. However, the high cost of collecting data of agricultural land is a major restraint of the AIA market growth.

Read Reports and Request for Sample: https://www.energiasmarketresearch.com/global-artificial-intelligence-ai-agriculture-market/

To purchase report: sales@energiasmarketresearch.com

For any queries email us: info@energiasmarketresearch.com

An Artificial Intelligence (AI) is a creation of intelligent machines that work and react & respond like humans. It is employed to improve the efficiency of daily tasks. Evolving technology, adoption of robots and drones, driverless tractors, crop health monitoring, and automated irrigation system are some of the applications that attributed to the high growth of the global AIA market. Highly efficient crop monitoring is offered by drone and sophisticated software technologies such as radars and GPS system, enable to reduce pressure on existing strained workforce. Moreover, remote sensing techniques are also used to survey the quality and crop producing ability of an agricultural land.

The global artificial intelligence in agriculture market is segmented into technology, offering, application, and region. Based on technology, the global AIA market is further divided into machine learning, computer vision, and predictive analytics. Predictive Analytics segment is expected to be the fastest growing segment in the global AIA market. On the basis of the offering, the global AIA market is segmented into hardware and software. The AIA market finds its application in precision farming, drone analytics, agriculture robots, livestock monitoring, and others.

Geographically, the AIA market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is expected to hold the major market share in the global AIA market during the forecast period. Adoption of advanced technologies and products is propelling the AIA market growth in the North American region. However, Asia-Pacific is expected to be the fastest growing market in the global AIA market during the forecast period. The factors driving the growth of the Asia-Pacific market are rapid improvement information storage capacity, parallel processing, and high computing power.

Key players operating in the global artificial intelligence in agriculture market are John Deere, Iteris, Agworld, Trimble, Farmlogs, Agworld, AGCO, Cropx, Microsoft, Prospera, Resson, IBM, Frambot, Tule Technologies, Granular, Gamaya, Hortau, Pycno, Agrosmart, Grownetics, and Raven Industries among others.

Related Reports

·Global Education Enterprise Resource Planning (ERP) Software Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

·Global Ultrasonic Sensor Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

·Global Light Fidelity (Li-Fi) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

·Global Privacy Filter Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

About Energias Market Research Pvt. Ltd.-

Energias Market Research Pvt. Ltd. publishes high-quality reports, in-depth market research studies, to help clients obtain investment level clarity on the current business scenario, trends, and segmentation for their future developments. We are committed to our client’s needs, by providing high-quality custom reports solutions best fit for strategy development and implementation to a high return of invest (RoI). We believe that exceptional problems need the expertise to solve, and with the help of our industries expertise, we are able to offer an in-depth understanding of what’s crucial, what’s applicable, and what it takes to ensure accomplishment in any business or venture.

With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.

Contact:

Mr. Manas Nagi

Business Development Manager

For any queries email us: info@energiasmarketresearch.com

To purchase report: sales@energiasmarketresearch.com

Call us: +1-716-239-4915

Visit: https://www.energiasmarketresearch.com/