What is Agricultural AI Market?
Agricultural AI refers to use artificial intelligence in Agriculture. Agricultural AI helps to predict analysis. Fueling Demand artificial intelligence techniques such as Cattle Face Recognition Technology, precision agricultural, drone analytics, agriculture robots, and livestock observing will help to boost global agriculture AI market.
The market study is being classified, by Application (Precision Farming, Livestock Monitoring, Drone Analytics, Agriculture Robots and Others) and major geographies with country level break-up. According to AMA, the Global Agricultural AI market is expected to see growth rate of 22.34%
IBM (United States), Deere & Company (United States), Intel (United States), Google (United States), Microsoft (United States), NVIDIA Corporation (United States), Sentient Technologies (United States), Numenta Inc. (United States), Agribotix (United States) and The Climate Corporation (Subsidiary of Monsanto) (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Granular (United States), Descartes Labs (United States), Prospera (Israel), Mavrx (United States) and Awhere (United States).
Initially, Global agriculture AI market was showing strategic Monopoly due to presence of some major players such as are Intel Corporation, Google Inc., International Business Machines Corporation, NVIDIA Corporation, Sentient Technologies, Numenta Inc., and Microsoft Corporation. However to gain market share in upcoming year manufacturers have shifted their preferences towards up gradation in old product and New advanced product launches. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Agricultural AI market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Agricultural AI market by Type, Application and Region.
On the basis of geography, the market of Agricultural AI has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand of Cattle Face Recognition Technology
- Increasing Dependency on Machine Learning Based Technology
Market Trend
- Adoption of Advanced Robotic Technology
- Introduction of IOT Based Technology
Restraints
- High Cost of AI Technology
- Lack of Awareness
Opportunities
- Huge Opportunity In Untapped Market In Emerging Countries
- Emerging Technology of Chatbots For Assisting Farmers
24th September 2018, IBM Watson and The Weather Company are together for planned and manufactured a suite of agribusiness solutions. Which will help the agriculture industry with AI to make more knowledgeable results about their yields.
Key Target Audience
Agricultural AI Manufactures, Agricultural AI Suppliers, Technology Investors, Private Research Organizations and Consulting Companies., Government Research Institutes and Others