Home > Agriculture > Agri Machinery & Tech > Agri Equipment > Machine Learning for Crop Yield Prediction Market

Machine Learning for Crop Yield Prediction Market Share

  • Report ID: GMI10736
  • Published Date: Aug 2024
  • Report Format: PDF

Machine Learning for Crop Yield Prediction Market Share

Microsoft Azure and Corteva are the prominent players in the market holding approximately 17% of the market share. Microsoft Azure's cloud platform is designed for machine learning and data analytics, offering a comprehensive suite of tools and services. Azure Machine Learning, a central feature, allows users to build, train, and deploy ML models efficiently, significantly enhancing applications such as advanced crop yield predictions. It supports a wide range of AI and ML frameworks, including TensorFlow, PyTorch, and Scikit-Learn. This compatibility simplifies the development and deployment of complex ML models tailored for agricultural use.
 

Corteva prioritizes R&D investments to perfect ML models for predicting crop yields. By partnering with research institutions and adopting leading technologies, the company aims to enhance the precision and reliability of its predictive models. It integrates ML with advanced data analytics to process extensive agricultural datasets. These datasets include information from IoT sensors, satellite imagery, and field trials, providing farmers with more accurate forecasts and actionable insights.
 

Machine Learning for Crop Yield Prediction Market Companies

Major players operating in the market are:

  • Ag Leader Technology
  • Blue River Technology
  • Corteva
  • SAP
  • Microsoft Azure
  • Taranis
  • Ceres Imaging
Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for machine learning for crop yield prediction is valued at USD 581 million in 2023 and will experience a CAGR of over 26.5% from 2024 to 2032, supported by better data quality from satellite imagery and advancements in machine learning accuracy.

In 2023, the software segment of machine learning for crop yield prediction industry was valued at around USD 413 million, due to its smooth integration with Internet of Things (IoT) devices and big data platforms.

North America market held a revenue share of 41% in 2023, owing to its extensive agricultural data collection from satellite imagery, IoT sensors, and meteorological stations.

Ag Leader Technology, Blue River Technology, Corteva, SAP, Microsoft Azure, Taranis, and Ceres Imaging.

Machine Learning for Crop Yield Prediction Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 310
  • Countries covered: 25
  • Pages: 240
 Download Free Sample