Artificial intelligence in agriculture market booming, expected to reach $7.97 billion by 2030
From GlobeNewswire: 2024-12-16 09:00:00
The Artificial Intelligence in Agriculture Market is experiencing significant growth, valued at $1.63 Billion in 2022 with a projected 21.9% CAGR from 2022 to 2030. Real-time analytics provide farmers with data on soil moisture, crop growth, and weather conditions for informed decision-making. Governments worldwide are investing in AgriTech and AI projects to support sustainable farming practices. Geographically, North America leads the market, followed by Europe and Asia Pacific. Key players in the market include Tule Technologies Inc, Deere & Co, Microsoft Corp, and more, who are driving innovation in the industry through new product launches and partnerships. Advanced technologies like IoT and AI are transforming agriculture by optimizing plant growth in smart greenhouses and enhancing irrigation planning efficiency. Stay updated on the latest trends and developments in the Artificial Intelligence in Agriculture Market for insights and opportunities in this rapidly evolving industry. Predictive analytics, machine learning, and data analytics are transforming agriculture by providing valuable insights on soil conditions, weather patterns, crop health, and historical data to increase yields and reduce waste. The market for AI in agriculture is expected to reach $7.97 billion by 2030, driven by government support and research activities. Smart machinery and robotics are automating tasks to address workforce shortages. 1. The stock market reached new all-time highs today, with the Dow Jones Industrial Average closing at 35,000 points. Investors are optimistic about the economy’s recovery from the pandemic, leading to increased buying activity.
2. In other news, a new study released by the CDC shows that the Delta variant of COVID-19 is spreading rapidly in unvaccinated populations. Hospitalization rates have increased by 50% in the past month, prompting health officials to urge more people to get vaccinated.
3. The Tokyo Olympics kicked off today with the opening ceremony showcasing the host country’s rich culture and history. Despite concerns over the ongoing pandemic, athletes from around the world are excited to compete in the global event.
4. On the political front, Congress is set to vote on a bipartisan infrastructure bill that would allocate $1.2 trillion towards improving the country’s roads, bridges, and public transportation systems. Both Democrats and Republicans are hopeful that the bill will pass with strong support.
5. Lastly, tech giant Apple announced record-breaking quarterly earnings, with revenue surpassing $81 billion. The company reported strong sales of its iPhone and Mac products, exceeding analysts’ expectations and driving its stock price up by 3%. Investors are optimistic about Apple’s future growth prospects.
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