Global Artificial Intelligence (AI) in Agriculture Market, Providing Precision Farming Techniques to Reduce Production Cost and Chemicals, is expected to witness CAGR of 24.3%, by 2024: Energias Market Research Pvt. Ltd. - EconoTimes

The Global Artificial Intelligence in Agriculture (AIA) Market is expected to grow at a significant CAGR of 24.3% during the forecast period. The factors driving the growth of the global AIA market are rising adoption of information management systems (IMS), automated irrigation, increasing crop productivity by implementing deep learning techniques, and increasing global population. Furthermore, growing trend of precision farming and increasing adoption of smart sensors are also fueling the demand of the global AIA market. Replacement of human labor is also expected to overcome by AIA, to minimize scarcity of physical labor. However, the high cost of collecting data of agricultural land is a major restraint of the AIA market growth.