Artificial Intelligence in Agriculture Market Size Worth $2.9 Billion by 2025 | CAGR: 25.4%: Grand View Research, Inc.

Read 100 page research report with ToC on "Artificial Intelligence in Agriculture Market Size, Share & Trends Analysis Report By Component (Software, Hardware), By Technology, By Application (Precision Farming, Drone Analytics), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-in-agriculture-market

Rapidly increasing global population is one of the key factors driving the need for artificial intelligence in agriculture. The global population is expected to reach 9.8 billion by 2050, according to the UN. Subsequently, food production must increase significantly as well. Artificial intelligence enables efficient and potential farming techniques for increased crop productivity and yield. For instance, the artificial intelligence Sowing App developed by Microsoft sends sowing advisories on the optimal date for crop sowing to farmers. It enhances the farmers' efficiency in terms of planting and forecasting weather conditions. 

The Asia Pacific market is expected to witness substantial growth over the forecast period, owing to increasing adoption of artificial intelligence -enabled solutions and services by agriculture-technology-based companies in emerging economies. Emerging economies such as India and China have started implementing artificial intelligence technologies such as machine learning and computer vision to increase crop yield. Favorable regulations and standards in these countries encourage the implementation of modern techniques in farming and agriculture. For instance, in July 2019, the government of India began the use of artificial intelligence for yield estimation and crop cutting to cut down the cost of farming and increase productivity.

Grand View Research has segmented the global artificial intelligence in agriculture market based on component, technology, application, and region:

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