Smart Agriculture Solution Market - Analysis, Research Report, And Forecast to 2020 - 2027

Market Snapshot for Smart Agriculture Solutions -

The global Smart Agriculture Solution Market is predicted to increase at a 10.3 percent CAGR between 2021 and 2031. Demand for smart agriculture solutions is predicted to expand as demand for automation and smart technologies for precision farming and better yield quality grows.

Sales of smart agriculture solutions are expected to reach US$ 13.2 billion in 2021. The integration of artificial intelligence (AI) and the internet of things (IoT) with current agriculture technologies will increase the demand for smart agriculture solutions. Agricultural smart agriculture solutions are expected to account for 12% of the overall agriculture market, according to FMI.

Market Forecasts for Smart Agriculture Solutions from 2016 to 2020 vs. 2021-2031

The Smart Agriculture Solution Market is likely to be driven by the growing adoption of precision farming and smart agriculture systems in the agriculture sector around the world. The global smart agricultural solution market is predicted to increase at a CAGR of 10.3 percent between 2021 and 2031.

The use of innovative technologies in current farm products, such as artificial intelligence (AI), machine learning (ML), and the internet of things (IoT), will expand the market. Sales of smart agriculture solutions are estimated to exceed US$ 13.2 billion in 2021 as a result of this.

What Does Artificial Intelligence (AI) Have to Do With Smart Agriculture Solutions?

Agriculture enterprises would benefit from the adoption of current technologies such as drones, GPS, sensor technology, and others. Farmers benefited from AI integration in smart farming techniques in terms of the amount of irrigation water used and overall crop quality improvement.

Farmers sought to reduce their reliance on pesticides by using sensor-based and map-based variable rate technology, which led to higher adoption of smart farming solutions.

Sales of smart agriculture solutions are likely to rise as AI is adopted in agriculture. As a result, smart agriculture solution suppliers will have more opportunities to expand.