The agriculture industry now is experiencing rapid growth and adopting advanced technologies in order to bolster the overall yield of the crops, writes Vivek Kumar at Analytics Insight. Accessibility of a large number of equipment and state-of-the-art technologies like intelligent monitoring system, drones, robots, among others has totally revolutionized this sector.
Artificial Intelligence is one such vital technology in today’s digital agriculture that is being implemented and deployed on a large scale for more sustainable use of available resources. In 2017, the global market for artificial intelligence in agriculture was valued at around US$ 545 million, which is now increased and predicted to reach nearly US$ 2,075 million by 2024. The market will rise at a growing CAGR of 21% throughout the forecast period.