The growth rate of the market is due to the increased awareness of artificial intelligence based solutions in some regions of the world. Impact of COVID-19 The supply chain of the majority of industries across the world has been affected due to the COVID-19 pandemic, including artificial intelligence in the agricultural industry.
New York, January 10, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Artificial Intelligence in the Agricultural Market – A Global and Regional Analysis: Focus on Product, Application, and Country Analysis – Analysis and Forecast, 2020-2026 “- https://www.reportlinker.com/p06196267/?utm_source=GNW
During the COVID-19 outbreak, the agricultural industry’s supply chain was disrupted.
During the COVID-19 pandemic, agricultural production was hampered for farmers, resulting in a decrease in their income generation. This did not allow farmers to invest in modern agricultural equipment.
AI in the agricultural market by type of agriculture
The agricultural type segment in the application of artificial intelligence in the agriculture market is expected to be dominated by field agriculture. Majority of farmers around the world are still engaged in traditional agriculture, which is expected to boost artificial intelligence in the agriculture market during the forecast period.
AI in the agricultural market by end use
The end-use segment in the application of artificial intelligence in the agricultural market is expected to be dominated by crops, fruits, vegetables and other plants. The main goal of all farmers around the world is to increase agricultural production, which is expected to increase the adoption of artificial intelligence products in the agricultural industry.
AI in the agriculture market by product
The global agricultural artificial intelligence market in product segment is expected to be dominated by software products. The high market share and growth potential associated with software products in the agriculture industry is expected to boost the global artificial intelligence in agriculture market.
AI in the agricultural market by region
North America generated the highest revenue of $ 598.7 million in 2020, which is attributed to technological advancements in the North America region. In the region, government support as well as technological advancements have contributed to the growth of the market. The region is expected to experience strong CAGR growth of 29.88% during the forecast period 2021-2026.
Key Market Players and Competition Summary
Some of the major players operating in the market include Agrivi, Alibaba Group Holding Limited, Ceres Imaging, CNH Industrial NV, Granular Inc., Harvest Crop Robotics, LLC, IBM Corporation, Microsoft Corporation, Prospera Technologies, Robert Bosch GmbH, The Climate Corporation. , among others.
The companies presented in the report were selected on the basis of the selective pool of players, mainly tier 1 (holding 50-60% of the market), mid-segment players (comprising 30-40% shares) and small and emerging companies (holding the rest of the 10-20% shares), based on various factors such as product portfolio, annual revenues, market penetration, research and development initiatives, as well as a national and international presence in artificial intelligence in the agricultural industry.
• North America
• The rest of Europe
• Asia Pacific
• Rest of Asia-Pacific
• Rest of the world
• South Africa
Read the full report: https://www.reportlinker.com/p06196267/?utm_source=GNW
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