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Smart Agriculture Market worth $23.38 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Dec. 16, 2024 /PRNewswire/ — The Smart Agriculture market is expected to reach USD 23.38 billion by 2029, up from USD 14.40 billion in 2024, at a CAGR of 10.2% from 2024 to 2029 according to a new report by MarketsandMarkets™. The smart agriculture market is rapidly growing, driven by advancements in precision farming, IoT (Internet of Things) devices, AI-based analytics, and robotics. These technologies are being applied across various areas such as precision farming, livestock monitoring, precision aquaculture, and smart greenhouse farming.

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Browse in-depth TOC on “Smart Agriculture Market” 

222 – Tables
59 – Figures
295 – Pages

Smart Agriculture Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 14.40 billion

Estimated Value by 2029

$ 23.38 billion

Growth Rate

Poised to grow at a CAGR of 10.2%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Agriculture Type, Offering, Farm Size, Application, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Lack of digital literacy

Key Market Opportunities

Surging investment and initiatives towards smart agriculture

Key Market Drivers

Growing pressure on food supply chain

The smart agriculture market has been growing due to different factors. First of all, the rising need to enhance productivity and efficiency in farming has resulted from the increase in global food demand. The adoption of IoT sensors and drones for real-time monitoring of crops and livestock, thus providing a route for farmers to make data-driven decisions, is expected to be the next major driver. Finally, the growth of AI and machine learning into predictive analytics for weather forecasting, soil health analysis, and pest control will greatly contribute to market growth. In addition, both governments and those in the private sector have begun to see the immense promise which agricultural technology (AgTech) holds for transforming farming. Governments have also turned to subsidies and grants to lure farmers into adopting smart farming technologies such as precision irrigation, drone-based monitoring, or AI-driven analytics. Venture capital and private equity investments in AgTech startups are also increasing, making innovations throughout IoT, robotics, and machine learning available for agriculture. Now, even the major technology companies are venturing into the space and forging partnerships with agriculture firms to develop scalable, tech-enabled solutions for sustainable farming. All these developments will serve to hasten the course of development and deployment of smart agriculture systems making them more accessible and affordable to farmers around the world.

The most important benefit of smart agriculture is that it has really smart solutions that bring farmers high productivity with minimal resource utilization, thus reducing waste and environmental impact. However, there are challenges such as high initial investments to put smart technologies into practice and limited digital literacy of farmers. All these barriers are being eased by fast, efficient solutions to educate smart digital agriculture for broader use and adoption around the world.

Precision Farming to register the largest market share in agriculture type segment during the forecast period.

During the forecast period, precision farming will hold the largest market share in smart agriculture, being considered the most likely promotion for increasing productivity and reducing waste in resources as well as increasing the overall efficiency of farm management. Precision agriculture is also known as precision farming. Such technologies such as IoT devices, sensors, GPS systems, drones, data analytics, have carried the farm progress development monitoring into optimization. In fact, it basically informs farmers in real time about soil conditions, weather conditions, health status of their crop, and pest activities for better decision-making on targeted intervention.

The other factor which contributes to the growth of the market is increasing adoption of IoT and AI powered technologies in precision farming. Technologies enable farmers to make data-driven decisions, predict crop yields, monitor plant health and automate farming processes including irrigation and fertilization. With affordability and accessibility, the practice is becoming popular among both large commercial farms and smallholder farms seeking better agricultural practices.

Software to account for the highest growth in offering segment during the forecast period.

Software is expected to account for the highest growth during the forecast period. The requirement of software solutions is growing with the high-speed adoption of data-centric technologies and the need for farmers to use real-time insights for improved efficiency of farm management. The trend in the precision farming, IoT, and AI technology is forcing up the demand for software platforms that can combine, analyze, and interpret a large volume of agricultural data. These software solutions for smart agriculture help farmers manage important aspects such as crop health monitoring, soil quality monitoring, irrigation management, pest control, and yield forecasting.

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Americas to account for largest market share during the forecast period.

The Americas region is poised to dominate the smart agriculture industry segment throughout the forecast period, characterized by technological improvement coupled with extensive farming operations and considerable governmental initiatives to promote innovation in agriculture. Among the leaders of this development, the US, Canada, and Brazil are key contributors. US has already started making headlines on the integration of IoT, AI, drones, and big data analytics in agricultural practices, making the country a forerunner in precision farming. Farmers in the US are turning to advanced technology to improve yields, use resources more intelligently, and enhance their operations’ efficiency. These technologies have been further stimulated by federal and state programs supporting sustainable agricultural practices and smart agriculture innovations.

Brazil, one of the big agricultural powerhouses in South America, commands a great part of the share in smart agriculture. The huge agricultural sector of Brazil, including crops such as soybeans, sugarcane, and coffee, has increasingly resorted to smart farming solutions to maximize yield, mitigate environmental impacts, and compete in the global market. However, due to the increasing demand for food production, Brazilian farmers are looking at adopting technologies such as precision irrigation, crop monitoring by drones, and using AI for yield forecasting and resource management optimization.

Major players in smart agriculture companies include Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Topcon (US), DeLaval (Sweden), AKVA Group (Norway), Innovasea Systems Inc. (US), Afimilk Ltd. (Israel), Heliospectra (Sweden), among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Smart Irrigation Market Size, Share & Industry Growth Analysis Report by Component (Controllers, Sensors, Water Flow Meters), System type (Weather-based Systems, Sensor-based Systems), Applications (Agriculture, Non-Agriculture) and Region – Global Forecast to 2029

Precision Farming Market by Offering (Hardware {Drones, GPS, Yield Monitors, Sensors}, Software, Services), Technology (Guidance Technology, Remote Sensing Technology and Variable Rate Technology), Application and Region – Global Forecast to 2031

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP, on the Model You Choose

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A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data staying inside their own network

LONDON, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that must keep operational data within a defined boundary, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model itself can run entirely inside your own network.”

“IT teams across the United Kingdom and EMEA tell us the same thing: they want the benefit of AI without losing sight of where their data goes,” said Greg McLaughlin, Account Executive for EMEA at JAMS Software. “JAX and JAMS MCP let them keep operational data inside their own network and still get answers in plain language. That combination is what makes this practical for the teams I work with.”

JAX and JAMS MCP are available now to all JAMS Web customers across the United Kingdom and EMEA, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software

Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

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Video: CNPC offers green chemical answer

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BEIJING, July 24, 2026 /PRNewswire/ — A news report from chinadaily.com.cn:

Located on the edge of the Taklamakan Desert in Northwest China’s Xinjiang Uygur autonomous region, the Tarim 1.2 MTA Phase II Ethylene Project and its supporting green and low-carbon demonstration facility of PetroChina Dushanzi Petrochemical Company, a subsidiary of China National Petroleum Corporation, are offering a new example of China’s low-carbon industrial transformation.

Watch the video to discover how CNPC is exploring a cleaner and more circular future for the industry.

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SOURCE chinadaily.com.cn

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Shanghai Electric showcases embodied intelligence robot matrix and AI-native smart factory solutions at WAIC 2026

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Featuring humanoid robots with 41 degrees of freedom, pipe‑inspection robots with ±1mm positioning accuracy, and 51 industrial‑grade AI agents

SHANGHAI, July 24, 2026 /PRNewswire/ — Operations in high-end equipment manufacturing often involve confined spaces, complex objects, and fine manipulation tasks that demand sustained and stable precision. At the recent 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance (WAIC 2026), Shanghai Electric (SEHK: 02727, SSE: 601727) showcased its comprehensive portfolio of embodied intelligence solutions tailored to a range of industrial scenarios.

Themed “AI for All: Smart Squad, Shining Without Limits,” Shanghai Electric highlighted its capabilities across embodied AI robots, robot core components, and AI-native smart factory solutions, demonstrating end-to-end capabilities spanning complete robot systems, critical parts, industrial software, and smart factory architecture.

“The true value of embodied intelligence lies in understanding real industrial tasks: combining the strength, precision, and stability of machines with human experience and judgment to drive a genuine paradigm of ‘machine-assisted, human-machine collaboration,'” said Wang Chunlei, deputy general manager of the Robotics Business Unit at Shanghai Electric Automation Group.

Shanghai Electric’s robotics portfolio covers five key industrial scenarios: connector insertion, electrical operations, flexible sorting, intelligent assembly, and pipe processing. Highlights include:

“SUYUAN” bipedal humanoid robot: With 41 degrees of freedom for enhanced mobility, it is equipped with a multimodal visual sensing system on the head and torso, along with a dual-battery hot-swap system. It is well-suited for inspection, material handling, and assembly tasks.”TUOYUAN” industrial wheeled humanoid robot: Powered by an embodied intelligence foundation model and force-position hybrid control, it is capable of multi-spec connector insertion, material sorting, and loading/unloading of automotive sheet metal parts.”Mermaid” bionic wheeled humanoid robot: Capable of autonomously identifying buttons, knobs, and air switches, it generates real-time operation paths.Autonomous pipe inner-wall chamfering robot: Designed for confined spaces, it can position and process thousands of hole edges with accuracy within 1 millimeter while transmitting data in real time.

Shanghai Electric also showcased its portfolio of core components ranging from power-output to end effectors. Among them, the planetary roller screw offers more than three times the load capacity of traditional ball screws, while the DexHand dexterous hand is designed to meet diverse gripping and manipulation requirements.

Shanghai Electric launched 51 AI models and agents under its “StarCloud Intelligent Manufacturing” series across three domains: R&D and design, production and manufacturing, and operations and maintenance—covering critical equipment processes such as process optimization and wind power facility maintenance.

These industrial agents are embedded in robotic decision-making systems and the operational logic of AI-native smart factories, transforming industrial expertise into digitized, reusable capabilities. They support production-line scheduling, quality inspection, and predictive maintenance, driving the evolution of manufacturing systems from experience-driven to data-driven operations.

Shanghai Electric also released the “AI-Native Smart Factory Technology White Paper,” proposing an active evolution architecture that enables real‑time, closed‑loop optimization of production data, giving the factory self‑perception, self‑decision, and self‑execution capabilities. Built on First Principles, the AI‑native smart factory vertically integrates process flows, industrial software, agents, and smart equipment to dismantle traditional hierarchies while horizontally bridging data silos. The architecture features three core layers: the AI factory brain as the “control center,” industrial agents and embodied robots as the “execution network,” and the physical twin as the “digital mirror.”

Leveraging its deep industrial expertise and comprehensive solution capabilities, Shanghai Electric will continue to drive the implementation of AI in industrial settings, tackle technical challenges facing embodied intelligence in complex scenarios, accelerate the large‑scale deployment of AI‑native smart factories, and deliver replicable solutions across diverse manufacturing environments.

SOURCE Shanghai Electric

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