Published on : Jun 19, 2017
Albany, New York, June 19, 2017: The latest research report, titled “ Global Artificial Intelligence (AI) Market in Agriculture Industry 2017-2021,” is a highly descriptive documentation of the factors that are currently affecting the use of AI technologies in the agriculture industry. The report makes use of several factors, such as the gathering, processing, and study of all data collected on the market through multiple sources, in order to calculate the size of the global artificial intelligence market in the agriculture industry. The report also provides details on the market’s future trajectories based on the inputs provided by industry experts, within the given forecast period from 2017 to 2021.
According to the research report, the global artificial intelligence market in the agriculture industry is expected to expand at a massive CAGR of 22.68% within the forecast period from 2017 to 2021. This extremely positive growth rate is attributed to the huge shift in preferences of the agriculture industry towards automation and the use of AI to maximize the profitability achievable in farm operations. The use of AI and robotics can be crucial to the agriculture industry, especially in developed economies, to significantly improve the rate of cultivation of crops as well as crop monitoring and management.
However, the global artificial intelligence market in the agriculture industry is currently being restrained by the very high initial investments regions for farm operators to get into robotics and AI technologies. At the moment, very few corporations are capable of using AI on a large scale, leaving out the medium and small scale farm operators. And this is applicable largely to the developed economies, whereas the emerging economies are not at a phase where they can successfully implement AI technologies.
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Meanwhile, a large amount of success has been found for players in the global artificial intelligence market in the agriculture industry in terms of providing face recognition software for farm animals, in order to enhance livestock management and transportation. This trend is likely to continue over the immediate future.
The leading players in the global artificial intelligence market in the agriculture industry, over the recent past, include Ag Leader Technology, Trimble, John Deere, and Iteris. Their contributions to the market are likely to continue at a swift pace, allowing them to maintain their lead in the market. At the same time, the report takes note of the other prominent vendors in the market, such as AGCO, aWhere, Gamaya, Granular, and Raven Industries.
Artificial intelligence technologies are the ones that can adapt themselves to execute specific tasks in a real-time environment. They commonly make use of cognitive features similar to the human mind. The AI can be programmed to analyze its surroundings and adapt accordingly to perform a specific task. Efficient AI technologies, therefore, require little to no human supervision.
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