|
Technology
|
The Rise of Digital Agriculture
2024-12-04 11:00:09
Agriculture
Technology
Sustainability

The Rise of Digital Agriculture

The digital agriculture market is experiencing rapid growth, projected to reach $23.44 billion by 2028, fueled by population growth and technological advancements. Major companies like Microsoft and IBM are leading this transformation, focusing on precision farming and AI.

Meanwhile, the agricultural biotechnology sector is evolving as consumer acceptance of GMOs improves, aided by innovations such as CRISPR. Government initiatives like the EU's Farmtopia aim to enhance digital access for small-scale farmers.

The power tiller and weeder market also shows promise, with expectations of reaching $3.90 billion by 2030, highlighting the importance of smart farming technologies. Furthermore, the greenhouse and nursery market is set to grow to $715.85 billion by 2028, driven by sustainable practices and vertical farming.

Overall, digital solutions are not only enhancing agricultural productivity but also promoting sustainability and resilience in farming.

Related news on that topic:

AI Infrastructure and Market Growth: A Transformative Era

The AI infrastructure market is on the brink of significant expansion, projected to reach USD 164.12 billion by 2030, with an annual growth rate of 27.5%. Major players like NVIDIA, Microsoft, and Amazon are driving innovations across various sectors. These advancements also raise concerns about data compensation, prompting regulatory efforts to ensure fairness in the evolving AI landscape. Additionally, the AI in sports market is expected to grow from USD 1.03 billion in 2024 to USD 2.61 billion by 2030, fueled by cutting-edge technologies such as real-time analytics and smart venue solutions. In life sciences, AI adoption is accelerating, with a projected market size of USD 4.46 billion by 2028, driven by healthcare digitization and personalized medicine. Other sectors, including fashion and image processing, are also witnessing transformative changes due to AI, with markets expected to grow substantially in the coming years. As these industries evolve, the interplay of technology and regulation will shape the future of AI, creating opportunities and challenges alike.

The Soaring Growth of AI Across Industries

The artificial intelligence (AI) market is witnessing remarkable growth across various sectors, with projections indicating a significant expansion in the coming decade. The enterprise AI market alone is anticipated to surge from $14.39 billion to $115.18 billion by 2032, driven by efficiency demands and robust data security. Key players, including Amazon, IBM, Microsoft, and Oracle, are leading innovations in AI technologies such as voice recognition, robotics, and natural language processing. Moreover, sectors like government services, human resources, and customer relationship management are adopting AI for automating tasks, improving transparency, and enhancing customer experiences. The AI-driven automation and cloud computing trends are significantly impacting industries like healthcare, finance, and education, promising personalized services and improved decision-making. However, the rapid AI integration faces challenges such as data privacy, talent shortages, and high costs. Despite these hurdles, the market continues to innovate, with advancements in generative AI, edge computing, and ethical AI development. As AI becomes an essential tool for businesses, its role in transforming industries and driving economic growth is undeniable. The future of AI looks promising, with continued investments and technological breakthroughs paving the way for unprecedented opportunities.

Read 7 more recent news on this topic

The press radar on this topic:

EURACTIV.com
4. Dezember 2024 um 03:02

AI and improved crop protection proving essential for future harvest volume

Environment
Technology
To address the challenges of digital farming adoption, the EU has launched the Farmtopia initiative under Horizon Europe to provide small-scale farmers with access to digital technologies and training. The article also highlights recommendations from the World Economic Forum and OECD on the need for a cooperative, user-centric, and community-driven approach to designing relevant and adaptable digital solutions.
openpr
3. Dezember 2024 um 18:21

Digital Agriculture: Farming Smarter for a Sustainable Future

Environment
Technology
The digital agriculture market is growing at 11.2% CAGR, projected to reach $23.44 billion by 2028. Key drivers are population growth, technology adoption, and government initiatives. Major players include Microsoft, IBM, Deere, BASF, Bayer, Syngenta, Yara, Farmers Edge, Trimble, Topcon, Raven, Granular, Ag Leader, Deveron UAS, Arable Labs, and Taranis. Emerging trends are digital twins, sensor tech, precision farming, and AI/ML.
openpr
4. Dezember 2024 um 05:27

Greenhouse, Nursery, And Flowers Market Report 2024-2033: Global Outlook, Growing Demand, Rising Trends And Major Players

Environment
Economy
Technology
The greenhouse, nursery, and flowers market will reach $715.85 billion by 2028, driven by vertical farming, smart greenhouses, and sustainable practices. Major players include Cargill, Bunge, Bayer, Syngenta Flowers, WH Group, Dairy Farmers of America, Corteva Agriscience, Charoen Pokphand Foods, Land O'Lakes, Wens Foodstuff, Royal FloraHolland, The Scotts Miracle-Gro Company, Netafim Ltd., and Monrovia Company. The Asia-Pacific is the largest market.
openpr
4. Dezember 2024 um 06:23

Digital Transformation Market is Set to Experience a Revolutionary Growth | Microsoft, IBM, SAP

Technology
Economy
The global digital transformation market faces challenges like high implementation costs, resistance to change, lack of skilled workforce, data security and privacy concerns, and technological obsolescence, as businesses across industries embrace cloud, AI, machine learning, and IoT to improve efficiency, customer experience, and competitiveness. Demand for digital solutions continues to rise, reshaping global business.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact