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Global AgriTech Market Size & Share Analysis – Growth Trends & Forecasts (2024 – 2029) | Pheonix Research

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DUBLIN, Oct. 24, 2024 /PRNewswire/ — The Global AgriTech Market is Segmented By Type (Big Data and Analytics, Biotechnology and Biochemical, Mobility, Sensors and Connected Devices and Others), By Application (Crop Production, Livestock Farming, Aquaculture and Forestry Management), By Sector (Precision Farming, Agriculture, Agrochemicals, Smart Agriculture, Biotechnology, Indoor Farming and Others) and By Region (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The report offers market size and forecasts for global agritech market are provided in terms of value (USD) for all the above segments.

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Market Overview:

The Global AgriTech Market size is estimated at USD 18.24 billion in 2024, and is expected to reach USD 43.37 billion by 2029, growing at a CAGR of 16.63% during the forecast period (2024-2029).

The Agriculture Market is expanding rapidly due to the increased usage of innovative technologies in the agriculture sector. The integration of numerous digital solutions, such as precision farming, remote sensing, and IoT devices, has transformed agricultural methods. These tools enable farmers to monitor crop conditions, optimize irrigation systems, and effectively manage resources.

Furthermore, rising global population and food demand have prompted the use of novel farming practices to increase productivity and sustainability. Farmers benefit from smart agriculture in a variety of ways, including increased production, decreased waste, more effective resource usage, and higher profitability. Furthermore, government support for improving agricultural techniques is fuelling market expansion. Various programs, such as subsidies for smart agricultural tools and equipment, are pushing farmers to use this technology.

The worldwide urge to feed a growing population is driving the development of AgriTech solutions to improve agricultural productivity and efficiency. Climate change and sustainability issues encourage eco-friendly and resilient farming practices, which align with AgriTech solutions.

This agricultural technological innovation employs big data to improve management decisions, allowing farmers to optimize crop yield by controlling variables such as moisture level, soil condition, and microclimates. It uses remote sensing technologies, drones, robotics, and automation to improve crop health and maximize agricultural resources, resulting in higher productivity.

AgriTech’s automation and robotics capabilities help to alleviate labor shortages, while government subsidies and legislation encourage farmers to engage in technology adoption. Consumer demand for food supply chain transparency drives the deployment of blockchain and traceability technologies.

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Market Trends:

Market Trend 1: The growing adoption of precision agriculture serves as a key driver for market growth.

The precision agriculture industry is expanding rapidly, driven by increased demand for optimum farming solutions and sustainable practices. Key market drivers include technology developments in IoT, AI, and remote sensing, as well as an increasing emphasis on resource efficiency and crop production improvement. Market penetration is increasing, notably in developed regions, while usage is growing in emerging economies. The primary focus is on integrating cutting-edge technologies to increase farm production and sustainability. High prices and technological complexity make widespread adoption difficult, particularly for smallholders. However, the market’s potential is enormous, with several prospects for innovation and expansion within the global agricultural scene.

The growing use of precision agriculture is a major driver of growth in the AgriTech industry. Precision agriculture is the practice of monitoring and managing field variability in crops and livestock using advanced technology such as GPS, IoT sensors, and data analytics. This strategy enables farmers to optimize inputs like water, fertilizer, and pesticides, resulting in more efficient and sustainable farming operations.

Precision agriculture provides a solution for farmers faced with the simultaneous difficulties of rising operational expenses and the requirement to provide more food for a growing population. This technology assists farmers in increasing agricultural yields, reducing waste, and minimizing environmental impact by allowing them to make data-driven decisions. The ability to accurately allocate resources based on real-time data leads to increased productivity and cost savings.

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Market Trend 2: North America is expected to dominate the Global AgriTech Market.

The North American region is expected to account for the greatest part of the worldwide agritech market, owing to the continued contribution of tech titans to technical advancements and market competitors’ increasing proclivity to engage in mergers and acquisitions.

The region benefits from a strong research and development environment, which includes various agricultural research facilities and universities that promote innovation. Significant venture capital investments in AgTech firms drive growth, which is aided by government funding through a variety of federal and state initiatives that encourage agricultural research and technology use.

Tech hubs and agritech incubators, which stimulate innovation and attract talent and finance to the sector, are particularly prevalent in Silicon Valley and the Midwest. Large-scale commercial farming enterprises were among the first to use agritech in the region. These companies use precision agriculture technologies, big data analytics, and sophisticated gear to boost crop yields, cut costs, and improve sustainability.

Precision agriculture usage is driving the regional market expansion. Precision agriculture technology, including as drones, sensor-based systems, and GPS-guided tractors, has gained widespread use in North America. Using this technology, farmers can maximize crop yields while lowering input costs and increasing total farm production.

Competitive Landscape:

The AgriTech market is largely fragmented due to its diversity and the presence of numerous players, certain segments may experience consolidation as larger companies seek to strengthen their competitive positions. This dynamic creates a competitive landscape where innovation thrives, but it also presents challenges for smaller firms to scale and compete effectively.

During the study period, market companies are also engaged in mergers and acquisitions, and alliances are aimed at increasing their market share. During the forecast period, the market has growth opportunities, which are expected to increase competition. However, as a result of product innovation and technical advancement, mid-size to small enterprises are extending their market presence by winning new contracts and entering previously unexplored markets are among the global market’s major players. To acquire a competitive advantage over their rivals, the corporations are working on a variety of strategic activities such as new product development, partnerships, collaborations, and agreements.

Major Players:

Bayer AGCorteva AgriscienceSyngentaTrimble Inc.AG Leader TechnologyDeere & Company (John Deere)Indigo AgricultureFarmer’s EdgeGrower’s EdgeNutrien

Recent Developments:

In March 2024, Corteva, Inc. has announced the introduction of Corteva Catalyst, a new investment and collaboration platform aimed at acquiring and bringing to market agricultural technologies that advance the company’s R&D priorities and generate value. Corteva Catalyst will collaborate with entrepreneurs and innovators to expedite the development of breakthrough early-stage technologies that will allow farmers to produce more food and feed on a sustainable basis.In February 2024, Syngenta Group, one of the world’s top agricultural technology businesses, announced significant agreements after the introduction of its innovation accelerator platform, Shoots by Syngenta, in 2023. These alliances, which bring together experts from several businesses and sectors, aim to accelerate the development of creative solutions to agricultural difficulties.In February 2023, ForGround by Bayer has announced the addition of three new companies to its growing network of resources and expertise to assist farmers in successfully adopting and implementing regenerative agriculture practices: Great Plains Ag, Sound Agriculture, and EarthOptics. These innovative enterprises can assist farmers in gaining insights, additional benefits, and resources, allowing them to accelerate and embrace new techniques.

About Pheonix Research

Pheonix Research is a market research and consulting company that provides research-based services to business executives and investment professionals so that they can make perfect business & competitive decisions with precision. We support entrepreneurs through distinguishable fact-oriented insights.

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Global Electric Tractor Market

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Precision Agriculture Market

Agriculture Baler Market 

Latin America Agriculture Equipment Market

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BinBase Expands 2026 BIN Dataset with Instant Payout Intelligence for iGaming, Gambling, and Cross-Border Transfers

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BinBase updates its 2026 dataset with specialized Fast Funds, Visa Direct, and Mastercard MoneySend indicators to help iGaming operators and payout platforms execute seamless, instant card disbursements.

MIAMI, July 23, 2026 /PRNewswire-PRWeb/ — BinBase, a global provider of payment routing intelligence and card issuing data, has introduced specialized instant payout indicators as part of its upgraded 2026 BIN Database. Tailored for iGaming operators, online gambling platforms, crypto-to-fiat ramps, and payout aggregators, the updated dataset helps platform engineers streamline real-time card disbursements and Push-to-Card (P2C) transactions.

In high-velocity sectors such as online betting and gaming, instantaneous player payouts are a primary driver of customer retention. However, executing Push-to-Card transactions through protocols like Visa Direct and Mastercard MoneySend requires knowing whether the receiving card issuer supports Fast Funds for specific merchant category codes (MCCs). Attempting instant payouts on non-eligible cards leads to declined transactions, elevated processing fees, and poor user experiences.

The 2026 BinBase release solves this operational bottleneck by delivering dedicated attributes for real-time fund disbursements:

Fast Funds Eligibility: Granular indicators identifying domestic and cross-border Fast Funds support across global Visa and Mastercard ranges.Online Gambling Fast Funds (OG FF): Dedicated flags specifically identifying card ranges authorized to receive real-time gambling and betting payouts.Mastercard MoneySend & Visa Direct Indicators: Precise protocol compatibility markers (MS Ind & MT Ind) ensuring push transactions are routed only to eligible recipient cards.Direct Debit & Pull-Funds Support: Indicators for recurring collections and account-funding transactions.

“Player payouts in iGaming cannot wait for standard 2-to-3-day ACH settlements,” said a spokesperson for Damiko Inc. “By embedding our Fast Funds and Gambling FF flags into their payment engines, operators can instantly validate recipient cards before initiating a transfer, guaranteeing high success rates and instant liquidity for their users.”

Fintech engineers and payout architects can examine the full 29-field database schema and access a free 2026 sample dataset on GitHub.

To explore commercial licensing, bulk database downloads, or custom data feeds, visit BinBase at https://binbase.com.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate processing fees.

Media Contact
Fedor Lavrikoff, BinBase, 1 7866133334, sales@binbase.com, www.binbase.com 

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Walnut Coding’s Young Coders Serve as ‘Instructors’ at Huawei Cloud Developer Training Camp

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Ages 8 and 15, students showcase AI-era project-building skills from concept to working application

BEIJING, July 23, 2026 /PRNewswire/ — Walnut Coding (the “Company”), a leading online platform for youth coding education, said two of its students – ages 8 and 15 – have joined the “instructor” lineup at Huawei Cloud Developer Training Camp, making them among the youngest “instructors” in the program’s history. The Company cites the pair as a prime example of how young learners can combine coding fundamentals with AI tools to turn ideas into working applications.

The two students, Bolin Du, 8, and Peiqi Gao, 15, built working applications using Huawei Cloud CodeArts, an AI coding assistant, then presented the projects to the training camp themselves – walking the audience through their design choices, technical builds, and debugging process.

The move lands at a moment when AI coding tools are forcing a rethink across the education sector. Tools that can generate functioning code from a plain-language prompt have undercut the traditional argument for teaching children to program – that they need the skill to build things themselves. Walnut Coding’s answer is that the more valuable skill now is judgment – knowing what problem to solve, breaking it into parts, and determining whether an AI’s output actually works.

Gao built a travel-planning application that generates routes, itineraries, and recommendations based on user input, handling the project end to end, from requirements and design through coding and debugging. Du, the younger of the two, built an interactive calendar application, using HTML for page structure, CSS for visual design, and JavaScript for interactive features. Both students then took on an instructor’s role at the camp, presenting their project goals and technical implementation to the audience – a step Walnut Coding says separated the work from a typical classroom assignment.

These were not classroom exercises but working projects, built and presented inside a professional developer-training environment. The experience demanded more from both students than simply producing something functional – they needed to articulate their reasoning, defend technical choices, and refine the final result under scrutiny. Their participation signals a broader shift underway in what youth coding education can deliver.

AI is making code generation easier, but it is also redrawing which skills actually matter. A student who relies only on one-click generation may get a rough prototype quickly, but still struggle to spot logical flaws, judge whether the output is reliable, or turn an abstract idea into a product that actually works. Students with programming foundations, by contrast, are better positioned to define requirements, evaluate what the AI produces, correct its errors, and treat the technology as a tool rather than a shortcut to lean on.

“AI can help children generate code faster, but it cannot decide for them what problem they should solve, nor can it make the final judgment about whether the result is truly effective,” said Pengxuan Zeng, founder and CEO of Walnut Coding. “What these two students demonstrated is not just coding technique, but the ability to define needs, break down tasks, verify outcomes, and turn an idea into a working product. That is why we believe young people still need to learn programming in the AI era.”

Walnut Coding structures its courses around that thesis, pairing student-led project work with teaching-assistant guidance and AI-assisted support. According to the Company, this data is continuously fed back into its systems to refine the personalization of AI-assisted feedback — a closed-loop process linking teaching, practice, feedback, and curriculum development.

The Company frames the payoffs less around producing professional software engineers than around a broader form of literacy. As AI continues to reshape how tasks get done, the ability to understand the technology, structure problems clearly and collaborate effectively with intelligent tools may prove one of the most durable skills a young learner can develop.

Walnut Coding says it plans to keep expanding opportunities for students to build practical projects, partner with industry technology platforms such as Huawei Cloud, and develop the core capabilities needed to build with technology in the AI era.

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MOREH Showcases High-Performance LLM Inference on AMD GPUs at AMD Advancing AI 2026

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SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Moreh, an AI infrastructure software company, led by CEO Gangwon Jo, participated in AMD Advancing AI 2026, AMD’s flagship annual AI event held in San Francisco on July 22–23 (local time), where it demonstrated its distributed inference solution, the MoAI Inference Framework, running on AMD GPUs.

At the event, Moreh presented a live demonstration of the GLM-5.1 large language model (LLM) powered by the MoAI Inference Framework on a system equipped with 32 AMD Instinct™ MI300X GPUs across four nodes. Visitors experienced the chatbot firsthand, evaluating its response speed and service quality while observing performance across a range of real-world use cases.

Unlike conventional demonstrations that simply run an AI model, Moreh’s showcase displayed key inference service metrics in real time, including GPU utilization, Tokens Per Second (TPS), Time To First Token (TTFT), and Time Per Output Token (TPOT). This enabled attendees to directly verify both inference performance and GPU resource efficiency in a production-like service environment.

Global AI industry leaders and enterprise customers attending the event expressed strong interest in the system’s fast response times and stable performance. In particular, the live deployment of the computationally demanding GLM-5.1 model on AMD GPUs at production-grade service levels received positive feedback from visitors.

Moreh’s MoAI Inference Framework is widely recognized as the world’s first commercially deployed distributed inference solution built for the AMD ecosystem. Its distributed inference and heterogeneous computing technologies are designed to dramatically reduce AI service costs, enabling broader adoption of AI worldwide. The technology addresses one of the industry’s biggest challenges-the rapidly rising infrastructure and service costs caused by increasingly larger AI models-by delivering a more efficient inference infrastructure.

Moreh CEO Gangwon Jo stated, “This event provided an opportunity for global customers to verify firsthand that top-tier inference performance can be achieved on AMD GPU environments,” and added “We will continue advancing our AI infrastructure software so enterprises can operate AI services as efficiently as possible, regardless of the underlying GPU platform.”

Moreh develops its own AI infrastructure engine and has expanded its end-to-end AI capabilities through its foundation LLM subsidiary, Motif Technologies, covering both AI infrastructure and foundation models. The company is also strengthening its presence in the global AI market through strategic partnerships with leading technology companies, including AMD and Tenstorrent.

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