“Final Report will add the analysis of the impact of COVID-19 on industry.”
A comprehensive market research report has recently analyzed the worldwide “India AI In Agriculture Market” industry, employing segmentation based on Geographical Regions, Country, Company, Types, and Applications. Within the Beauty and Personal Care Packaging sector, numerous prominent Key Players[IBM Corporation, Intello Labs, John Deere India Private Ltd, Intel Corp, CropIn Technology Solutions, Microsoft Corporation, Gobasco, SatSure Analytics India Pvt. Ltd., Aibono, Fasal], have emerged as leaders by implementing diverse strategies aimed at extending their market presence and strengthening their industry position. This report furnishes valuable insights to stakeholders and participants operating in the global market, equipping them with a competitive edge and offering a robust resource to fulfill their business needs effectively.
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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments’ success, ICT vendors now annually set aside funding for the growth of the online market.Global ICT exports are anticipated to increase 3.9% on average year fromUS$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by228.2%year over year, while Sierra Leone has decreased by 61.7% year over year.
By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million.The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021,Germany came in first place with US$ 339,074 million.Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by16.5% year over year, while Italy ha s decreased by 0.2%.
India AI in Agriculture Market to Grow at 24% through 2028
India AI in agriculture market is growing at a high CAGR because of the adoption of advanced data-generating technologies, such as sensors and machine learning to boost crop output and aid in the detection of disease and inadequate nutrition in plants and farms
A recent study conducted by the strategic consulting and market research firm,Report Ocean, revealed that the India AI in agriculture market is estimated to grow at a CAGR of 24% during the forecast period 2022-2028. The market is growing at a rapid pace as more advanced data-generating technologies, such as sensors and machine learning, are being adopted to boost crop output and aid in the detection of disease and inadequate nutrition in plants and farms. However, lack of awareness and funding for AI among Indian farmers and high installation costs may act as a huge restraining factor for India AI in agriculture market growth.
Increasing Adoption of Advanced Technologies is Driving India AI in Agriculture Market
The increased usage of IoT and other modern technologies such as machine learning, cloud computing, and so on is another important reason propelling AI in India’s agriculture business. With the increased usage of mobile devices and cloud computing, India’s IoT business is developing. IoT’s various benefits, such as the capacity to manage vast volumes of structured and unstructured data formats, are driving IoT demand in the agriculture industry.
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Expanding Infrastructure and Technology Infrastructure in India is Propelling AI In Agriculture Market
The AI in agriculture will require cloud computing to record and share data among various systems. India is significantly emerging as a leading cloud service provider globally with an increasing number of cloud data centers in different parts of the world. The cloud computing companies and startups are offering SaaS (Software-as-a-Service) as well as PaaS (Platform-as-a-Service) along with private, public as well as hybrid deployment modes. This is anticipated to boost the adoption of AI in agriculture in India.
India AI in Agriculture Market – By Agriculture
Based on agriculture, the India AI in agriculture market is segmented into precision farming, livestock monitoring, drone analytics, agriculture robots, labor management, and others. Precision farming holds the largest share in the market owing to the rising focus towards yielding the benefits of this type of agricultural practice. Precision farming helps in improving agricultural productivity through the use of sensors and data along with prompts the reduction of chemical use and efficient management of water resources.
India AI in Agriculture Market – Regional Insights
Geographically, the India AI in agriculture market is segmented into North India, South India, East India, and West India. Because agriculture is the primary source of income for the majority of people in this region, North India has the greatest share of AI in the agricultural market. The governments of states in these regions, such as Uttar Pradesh, Haryana, Punjab, and others, are adopting different measures and providing subsidies to encourage the use of new technologies like AI, hence boosting the overall market growth.
Impact of COVID-19 on India AI in Agriculture Market
The unprecedented COVID-19 epidemic hindered India’s AI in agricultural sector expansion. Due to the overwhelming number of COVID-19 cases, the Indian government was forced to implement a nationwide lockdown, which also interrupted agricultural activity. Due to a disruption in the distribution and supply chain, there was a scarcity of sensors and other AI components, which had a detrimental influence on the market. In addition, production constraints and a lack of semiconductor chips caused significant obstacles for India AI in agriculture industry.
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Market Segment:
By Technology(Machine Learning, Computer Vision, Predictive Analytics)
By Offering(Hardware, Software, Ai-As-A-Service, Services)
By Application(Precision Farming, Livestock Monitoring, Drone Analytics, Agriculture Robots, Labor Management, Others)
By Region(North India, South India, East India, West India)
The India AI in agriculture market is highly fragmented with the presence of several multinational corporations as well as local startups. The companies constantly launch edge technologies and solutions as well as significantly invest in research and development activities to expand their market presence. Furthermore, they also prominently adopt competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc.
Dont miss the business opportunity of the India AI in the agriculture market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India AI in agriculture market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of India AI in agriculture market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key questions answered in the global High Performance Composites market report are:
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- What are the factors driving and restraining the market for High Performance Composites?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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