Agricoltura
AI in Agriculture Market To Reach USD 8,308.5 Million by 2030, Says P&S Intelligence
Furthermore, the low availability of labor and increase in the labor expenses are contributing to the growth of the market. For example, the decline in crop productivity in the U.S. because of the labor shortage costs around $3.1 billion every year. This has encouraged the utilization of robots and drones in the farming sector for numerous purposes.
North America is dominating the market for AI-driven agricultural solutions, and it is projected to continue its dominance in the future. This is because of the high acceptance of enhanced technologies in the agriculture industry for yielding the maximum output. Moreover, the key players are providing a range of AI-driven solutions to regional customers by collaborating with other players.
The adoption of advanced technologies, such as ML and IoT, along with computer vision, in the farming space for numerous applications, including greenhouse management, soil management, livestock management, and precision farming, will help the region produce $4 billion revenue for the market by 2030.
The Asia-Pacific region is projected to experience the fastest growth in the years to come. This can be credited to the increasing acceptance of smart agricultural techniques, such as agronomic robots, drone analytics, and precision farming. In the region, China is the key revenue contributor due to the extensive adoption of enhanced techniques in its huge farming sector.
The service category is predicted to grow the faster in the coming years. This can be ascribed to the snowballing requirement for managed services by growers for tracking the functioning of sensors and managing large data sets associated with crop health.
The product category is leading the industry due to the surging requirement for software to control and guide the devices fitted in the agronomical atmosphere, for enabling numerous enhanced farming practices.
The increasing utilization of robots in farming is a key trend being observed around the globe. With the mounting implementation of advanced technology in cultivation, agricultural practices are gradually becoming more efficient and sophisticated. Additionally, with the increasing populace, automation of the farming sector, and lack of availability of farm workers, the usage of farming robots is rising across the world.
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Prajneesh Kumar
P&S Intelligence
+1-347-960-6455
enquiry@psmarketresearch.com
https://www.psmarketresearch.com
LinkedIn Twitter
Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ai-in-agriculture-market-to-reach-usd-8-308-5-million-by-2030--says-ps-intelligence-301724538.html