Αs of the end of Q3 2020, AgriFood tech startups raised $11.6B in funding, bringing the investment total from 2010 through Q3 2020 up to $46.4B (Finistere Ventures).
Agfunder reported that the top 4 agrifoodtech investment markets (startup and venture capital) hasn’t changed this year (from January 1 to June 30) and still are USA, China, India and UK.
OECD published the Digital Economy Outlook 2020 examining trends and analyses, emerging opportunities and challenges in the digital economy of OECD countries and partner economies.
The global precision livestock farming market is estimated on a level of USD 3.1 billion in 2020 and projected to reach USD 4.8 billion by 2025, according to Markets and Markets.
Future Farming released the first global catalogue
of autonomous fields robots with the latest models
Global IoT farming market
is projected to reach
USD 6.4 billion
Juniper Research reported that the global agtech market will grow 150% over the next 5 years reaching $ 22.5
billion by 2025.
Around one-third of patents owned in OECD countries are related to information and communication technologies. This share has fallen over the last decade but has increased markedly in China, India and Russia.
The total number of AI-related scientific publications quadrupled over 1999-2019, mainly driven by the United States, China and the European Union. AI-related scientific publications co-authored by the United States and China more than doubled between 2014 and 2020 (OECD, 2020).
Verified Market Research projected that the global soil moisture sensor market will reach USD 414.4 million by 2026, growing at a compound annual growth rate of 15% from 2019 to 2026.
Interoperability is key to ensuring that different systems and devices can work together. Some restrictions on interoperability may spur innovation and improve privacy and security. However, a degree of interoperability is needed to avoid “lock-in” and support choice and competition (OECD, 2018).