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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.
Download Sample Copy (PDF): https://www.pheonixresearch.com/market-report/global-agriculture-technology-market/
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 EdgeNutrienRecent 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.
Inquire before Buying and Read Full Details Here: https://www.pheonixresearch.com/market-report/global-agriculture-technology-market/
Related Reports:
Global Electric Tractor Market
Global Electric Power Tiller Market
Precision Agriculture Market
Agriculture Baler Market 
Latin America Agriculture Equipment Market
Contact usMr. Nikhil Jat (Sales Head)Pheonix ResearchPhone/WhatsApp: +91 8817-621-665Skype: nikhil12318Email: [email protected], [email protected] Our Website: www.pheonixresearch.com
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AV-Comparatives Releases Latest Business Cybersecurity Test Results: Top-Performing Products for Protection and Performance Certified

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Comprehensive testing reveals top cybersecurity solutions for businesses, highlighting robust protection, minimal false positives, and low system performance impact.
Link to Testreport: https://www.av-comparatives.org/tests/business-security-test-august-september-2024-factsheet/
INNSBRUCK, Austria, Oct. 24, 2024 /PRNewswire/ — AV-Comparatives, the world-leading independent cybersecurity testing lab, has published its latest results from the Business Main-Test Series. These tests, conducted between August and September 2024, evaluated the protection, false alarms, and performance impact of enterprise-level cybersecurity solutions. The findings highlight the effectiveness and impact of leading security products in real-world scenarios, providing essential insights for CISOs and enterprise IT teams.

Key Findings: The Business Real-World Protection Test assessed the ability of 17 vendors to block malware and safeguard systems against infections. Additionally, the Malware Protection Test focused on detecting malicious files, while performance testing measured the system impact during daily business operations. Across all tests, the vendors demonstrated remarkable capabilities, ensuring high levels of protection while minimizing disruption to business productivity.
Link to Testreport: https://www.av-comparatives.org/tests/business-security-test-august-september-2024-factsheet/
Tested and CERTIFIED Vendors & Vendors:
Avast Ultimate Business SecurityBitdefender GravityZone Business Security PremiumCISCO Secure Endpoint EssentialsCrowdStrike Falcon ProElastic SecurityESET PROTECT Entry with ESET PROTECT CloudG Data Endpoint Protection BusinessK7 On-Premises Enterprise Security AdvancedKaspersky Endpoint Security for Business – Select, with KSCMicrosoft Defender Antivirus with Microsoft Endpoint ManagerNetSecurity ThreatResponderRapid7 InsightIDRSenseOn Platform with EPPSophos Intercept X AdvancedTrellix Endpoint Security (ENS)VIPRE Endpoint Detection and ResponseVMware Carbon Black Cloud Endpoint StandardDetails:
Bitdefender, Sophos, Cisco, and ESET all achieved exceptional scores, with Bitdefender delivering a flawless performance in both the Real-World Protection and Malware Protection tests.Kaspersky, Trellix, VIPRE, and G Data also maintained strong protection rates with no false alarms on critical business software.Avast, CrowdStrike, K7, and Microsoft demonstrated robust security features while maintaining a balance between protection and low system impact.Other top performers include Elastic, NetSecurity, Rapid7, SenseOn, and VMware, all of which delivered competitive results, meeting or exceeding the high standards required for certification.Across the board, these products ensured a high level of security for enterprise environments, with zero false positives on common business software. The tests were conducted under real-world conditions to reflect the cybersecurity challenges and demands faced by modern enterprises.
Peter Stelzhammer, co-founder AV-Comparatives: “Our rigorous testing process highlights the high quality of enterprise security solutions available today. These products offer businesses both the strong protection they need and the performance they demand.”
Call to Action: AV-Comparatives encourages enterprises and cybersecurity professionals to explore the full report, which is available at AV-Comparatives.org. To learn more about the best security solutions for your business, have a look at the PDF report.
About AV-Comparatives: AV-Comparatives is a globally recognized, independent organisation offering systematic testing to examine the efficacy of cybersecurity solutions. Using one of the most comprehensive and rigorous testing methodologies, AV-Comparatives provides businesses and consumers with unbiased, transparent, and reliable test results.
AV-Comparatives – Where Security Meets Trust – Unbiased. Transparent. Trusted.
Contact: Peter Stelzhammer, e-mail: [email protected], phone: +43 720115542
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Appier empowers Vietourist to transform lead generation and customer engagement with AI-driven solutions

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Appier, a software-as-a-service (SaaS) company that uses artificial intelligence (AI) to power business decision-making, is proud to announce the remarkable success of its partnership with Vietourist, one of Vietnam’s top tourism companies. By integrating Appier’s AIQUA and BotBonnie solutions, Vietourist has transformed its customer engagement strategy, achieving a 171% increase in lead generation and an impressive 85% average open rate for personalized EDM campaigns, demonstrating the effectiveness of AI-driven solutions in the tourism industry.
In today’s travel and tourism industry, brands face the challenge of standing out in a competitive and rapidly evolving market. With the resurgence of global tourism post-pandemic, travelers expect seamless and highly personalized experiences at every stage of their journey. Research shows that personalization can increase customer satisfaction and loyalty, as 86% of travelers are likelier to book with brands offering personalized recommendations and services[1]. To stay competitive, travel companies must invest in solutions that enable real-time, data-driven customer engagement to capture the attention of potential customers and enhance their overall experience.
Transforming customer engagement with AIQUA and BotBonnie
Through its collaboration with Appier, Vietourist deployed AIQUA’s AI-powered personalization capabilities to automate and optimize its marketing efforts. This resulted in a staggering 171% lead uplift and a significant improvement in customer engagement. Vietourist also achieved an outstanding 85% open rate for its personalized EDM campaigns, effectively engaging users at key touchpoints in their travel journey.
Mr. Nguyen Van Tam, Marketing Director of Vietourist, commented: “The success we’ve achieved through our collaboration with Appier has been transformative. Appier’s AI-driven solutions have enabled us to connect with our customers in a personal and relevant way, driving significant growth in leads and customer engagement. We’re excited about the future and look forward to continuing our partnership as we enhance our customer experiences even further.”
Boosting lead generation and engagement through personalization
Vietourist’s ability to implement personalized, automated campaigns across its web and mobile platforms has been key to its success. Appier’s AIQUA platform allowed Vietourist to deliver tailored messaging and product recommendations at critical stages in the user journey, leading to a 300% increase in web subscribers and significant improvements in customer retention.
With the support of BotBonnie’s conversational marketing platform, Vietourist also automated personalized customer interactions through web chat and Facebook Messenger, successfully generating over 1,000 leads in just three months. These automated responses, powered by AI, significantly reduced the time spent on manual customer engagement while ensuring a highly personalized user experience.
A game-changing partnership for continued growth
Vietourist’s partnership with Appier exemplifies the power of AI-driven marketing solutions in modern tourism. By leveraging Appier’s advanced tools, Vietourist has successfully scaled its operations, captured new market share, and set a new benchmark for customer engagement in the travel industry.
Looking ahead, Vietourist is excited to expand its use of Appier’s AI solutions to maintain its competitive edge and continue delivering unparalleled travel experiences to its customers. This commitment to innovation and growth sets a promising trajectory for the future of Vietourist and the travel industry as a whole.
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OpenBoxLab Launches New RaiDrive for Linux

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– OpenBoxLab Inc. releases RaiDrive for Linux following the global success of RaiDrive for Windows- Compatible with various Linux distributions to enable a wide range of Linux users to utilize RaiDrive’s powerful features- CEO Chongho Kim: “We will provide innovative solutions that meet user needs”
SEOUL, South Korea, Oct. 24, 2024 /PRNewswire/ — IT solution service company OpenBoxLab Inc. (CEO Chongho Kim) announced that on September 27, 2024, it officially launched RaiDrive for Linux. This allows users to experience RaiDrive’s powerful features on various platforms, following the establishment of RaiDrive for Windows, released in 2017, as a global leader in cloud storage gateways.

To make the easy and powerful features of RaiDrive—such as support for major global cloud storage services, an intuitive interface, file locking for collaboration, local disk functionality useful for file sharing, floating licenses, and support for 35 languages—available on a wide range of Linux platforms, RaiDrive for Linux has ensured compatibility with various distributions. These include Debian-based distributions like Debian, Ubuntu, elementary OS, Linux Mint, MX Linux, Pop!_OS, Zorin OS, Raspberry Pi OS, etc.; RPM-based distributions such as Fedora, CentOS Stream, Red Hat Enterprise Linux (RHEL), Amazon Linux, AlmaLinux, Oracle Linux, Rocky Linux, openSUSE, SUSE Enterprise Linux (SLES), etc.; and APK-based distributions like Alpine. Detailed compatible Linux distributions can be found on the official RaiDrive website.
RaiDrive is cloud storage gateway software—a desktop application that allows users to use various remote storage services like a USB drive. By integrating major global cloud storage services with the local file system, it provides easy and convenient file accessibility and management efficiency, enabling users to open, edit, and save remote files directly without downloading them. Since its launch over eight years ago, RaiDrive has succeeded in becoming popular, being used in more than 200 countries worldwide, and has established itself as a global leading desktop application in this field.
Continuing the philosophy of contributing to enabling more users to conveniently use cloud storage, RaiDrive for Linux also offers a Standard Plan to meet the needs of individual users and small teams, through which up to eight mount points can be used for free.
In addition, it provides a File Lock feature that can be very useful in collaborative environments such as shared document work. This feature maintains a locked state so that other users cannot modify the file while one user is editing it, preventing data conflicts and loss, making it a very useful tool for teams working on shared documents. Particularly, its compatibility with office suites such as Microsoft Office, LibreOffice, and OpenOffice is considered an advantage.
OpenBoxLab CEO Chongho Kim stated, “RaiDrive for Linux is a solution developed by actively reflecting the needs of existing RaiDrive users, focusing on enhancing the remote file management experience of various cloud storage services by utilizing upgraded features. We will continue to advance our services and plan to expand so that RaiDrive’s powerful features can be used on various platforms in the future. OpenBoxLab will continue to do its best to provide innovative solutions that meet user needs.”
Meanwhile, RaiDrive for Linux can be downloaded from the official RaiDrive website, where detailed installation and usage guides are also available.
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