Impact of COVID-19 on Global Artificial Intelligence in Agriculture Market
The supply chain for the majority of the industries across the globe got impacted due to the COVID-19 pandemic, including the artificial intelligence in agriculture industry. During the COVID-19 outbreak, the supply chain of the agriculture industry was disrupted. During the COVID-19 pandemic, agricultural production was hindered for farmers, which led to a decrease in their revenue generation. This has left the farmers in no position to invest in modern agricultural equipment.
The global artificial intelligence in agriculture market is expected to reach $6,655.1 million by 2026, with a CAGR of 30.56% during the forecast period 2021-2026.
Factors driving the growth of the artificial intelligence in agriculture market are need for increased agricultural production, complexities in data-driven farming, and increased demand for automation in agriculture.
