Know How Covid-19 Impact on AI in Agriculture Market | Insights on Size, Share, Demand, Trends & Key Players

Technological advancements are revolutionizing all industries these days, and incorporation of artificial intelligence (AI) in different industrial processes has made operations incredibly easy. AI basically refers to the simulation of human intelligence in machines which are programmed to think like humans and mimic their actions. While not all, AI systems have the ability to exhibit at least some of the behaviors that are associated with human intelligence, such as learning, planning, knowledge representation, motion, reasoning, problem solving, perception, and manipulation.

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It is because of these capabilities of AI that the technology is being widely utilized in different industries, including the agriculture. The agriculture industry is registering rapid growth, owing to the surging population all across the globe. According a P&S Intelligence report, in 2019, the global AI in agriculture market attained a value of $671.6 million and is predicted to generate a revenue of $11,200.1 million by 2030, advancing at a 30.5% CAGR during the forecast period (2020-2030).

While at one time, agricultural practices were the major occupation of people, the preference has now shifted to corporate world. However, now there is a pressing need for increasing the productivity of lands which are still being used for practicing farming in order to cater to the needs of the rapidly increasingly population. Due to this, industry is registering a rising integration of AI in different operations which can help in getting the maximum output.

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Computer vision, predictive farming, and machine learning are the major AI technologies which are being used in the agricultural sector. Among these, the machine learning technology was the most in demand in the past, as this technology plays an important role in agricultural industry with a combination of data technologies and agronomic sciences, which are increasingly being adopted by farmers and agricultural businesses across the globe.

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