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AI in Agriculture Market Share

Report ID: GMI5856
Published Date: Apr 2024
Report Format: PDF

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AI in Agriculture Market Share

Microsoft and Corteva hold a significant market share of over 28% in the AI in agriculture industry. Players in the market focus on R&D to enhance AI algorithms and solutions tailored to agricultural needs. Collaborations with research institutions and agricultural organizations facilitate innovation and technology transfer. Additionally, strategic partnerships with agribusinesses and technology providers enable access to complementary expertise and resources, fostering product development and market expansion.

Investing in data analytics capabilities and cloud infrastructure enhances data processing and scalability. Moreover, companies prioritize customer engagement and support, offering personalized solutions, training programs, and ongoing technical assistance to maximize user adoption and satisfaction. These strategies collectively strengthen their foothold by driving innovation, market penetration, and customer loyalty in the dynamic AI in agriculture landscape.

AI in Agriculture Market Companies

Major companies operating in the AI in agriculture industry are:

Climate LLC
Corteva
Descartes Labs, Inc
ec2ce
Gamaya
IBM
Microsoft
PrecisionHawk Inc
Taranis
Valmont Industries

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AI in agriculture reached USD 2.1 billion in 2023 and is set to witness 24% CAGR between 2024 and 2032, attributed to the increasing demand for precision agriculture.

The solution segment is poised to cross USD 11 billion by 2032, led by the need for increased efficiency, sustainability, and productivity in food production.

North America market accounted for 53% revenue share in 2023, owing to the advanced technological infrastructure and the robust research ecosystem, facilitating innovation and development in AI applications.

Climate LLC, Corteva, Descartes Labs, Inc, ec2ce, Gamaya, IBM, Microsoft, PrecisionHawk Inc, Taranis and Valmont Industries.