- Spending on AI in agriculture is projected to grow from $1.7 billion in 2023 to $4.7 billion in 2028, with a CAGR of 23.1%, according to Research and Markets.
- The global IoT in agriculture market size was valued at $27.1 billion in 2021 and is projected to reach $84.5 billion by 2031, according to Allied Market Research.
These are just a few of the stats I found with a quick Google search on “global digital agriculture market”. I don’t know if these numbers are accurate or not but, what’s very clear from these and many other researched statistics, is that the market for gathering information and creating structured data through a variety of sensors (IoT), and the artificial intelligence (AI) or machine learning (ML) systems needed to interpret this data and turn them into actionable suggestions, is large and constantly growing. Click here to read the full article