The artificial intelligence (AI) in agriculture market is expected to experience significant growth, with a projected value of $6.96 billion by 2030, up from $1.7 billion in 2023, representing a compound annual growth rate (CAGR) of 22.3%.
This growth is driven by the increasing adoption of AI technologies in farming, such as machine learning, computer vision, and predictive analytics, to improve crop yields, reduce costs, and enhance decision-making. The market is expected to be driven by key players such as Ag Leader Technology, AgEagle Aerial Systems, AgJunction, Amazon Web Services Inc., Bayer AG, Blue River Technology, Broadcom, Cisco Systems, Inc., Climate Corporation, Deere & Company, FarmWise, Gamaya, Google LLC, Granular, Inc., IBM Corporation, John Deere, Mavrx, Oracle, and FarmBot.
The market can be segmented by technology, offering, and region. By technology, the market can be divided into machine learning, computer vision, and predictive analytics. By offering, the market can be divided into software and AI-as-a-Service. By region, the market can be divided into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
A report by Exactitude Consultancy provides an in-depth analysis of the AI in agriculture market, including market size, growth drivers, trends, and competitive landscape. It also offers insights into emerging technologies, investment structures, and regional analysis.
