Brazil AI in Agriculture Market Share, Size, Growth and Forecast 2027
Brazil's AI in Agriculture Market is projected to grow at a robust CAGR during 2022-2027. The major factor contributing to the growth of the market are growing agriculture industry in Brazil as agriculture is an important industry in the country with huge agricultural resources.
The most substantial products in this sphere are coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus, and beef. Based on technology, the market has been classified into machine learning, computer vision, and predictive analytics. Machine learning holds the largest market size due to the rising adoption of AI technology for various applications like drones, agriculture robots, precision farming, etc. Moreover, in the coming years, applications of machine learning for various agricultural activities are expected to rise exponentially.
Some of the leading players in the Brazil AI in Agriculture market are Mavrx, Anywhere, The Climate Corporation, IBM, Granular, Microsoft, Deere & Company, Agribotix, Descartes Labs, Prospera, etc.
The objective of the Study for Brazil's AI in the Agriculture Market
- To analyze and forecast the market size of AI in Agriculture, in terms of value.
- To classify and forecast Brazil's AI in Agriculture based on technology, offering, application, and regional distribution.
- To identify drivers and challenges for Brazil's AI in Agriculture.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Brazil AI in Agriculture.
- To conduct the pricing analysis for AI in Agriculture.
- To identify and analyze the profile of leading players involved in the manufacturing of Brazil AI in Agriculture.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across Brazil. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration service providers across Brazil.
TechSci Research calculated the market size of Brazil's AI in Agriculture using a bottom-up approach, where data for various end-user industries and its application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as the company website, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
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Key Target Audience for Brazil AI in Agriculture Market
- Artificial intelligence software and solution providers
- Artificial intelligence technology providers
- Electronic hardware equipment manufacturers
- AI system providers
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
