AI, IoT, and Blockchain to Transform Agriculture into a $154.5 Billion Market by 2035

A newly released market analysis highlights the accelerating adoption of artificial intelligence (AI), the Internet of Things (IoT), and blockchain technologies across modern agriculture. According to the report, the global market for these technologies is projected to grow from USD 24.3 billion in 2025 to USD 154.54 billion by 2035, representing a compound annual growth rate (CAGR) of 20.32%. The expansion is being driven by increasing demand for precision agriculture, digital farm management, and climate-smart farming solutions.

The report identifies AI, IoT, and blockchain as core technologies transforming agricultural operations. AI-powered analytics, computer vision systems, drones, and autonomous machinery are increasingly being used for crop health monitoring, yield forecasting, disease detection, and precision input application. Meanwhile, IoT-enabled sensors provide continuous monitoring of soil conditions, irrigation, weather, machinery, and livestock, enabling farmers to make data-driven decisions in real time. Blockchain technologies are also gaining traction by improving food traceability, supply chain transparency, regulatory compliance, and sustainability verification. Among all application areas, crop production optimization is expected to remain the largest market segment throughout the forecast period. The report estimates this segment will grow from USD 8.79 billion in 2025 to USD 51.73 billion by 2035, supported by advances in AI-based crop modeling, satellite analytics, smart imaging, and sensor-driven field monitoring. The fastest-growing application is projected to be water and nutrient management, with a forecast CAGR of 21.79%. Rising concerns over water scarcity, fertilizer efficiency, and resource conservation are driving investments in soil moisture sensing, automated irrigation, nutrient monitoring, and AI-enabled fertigation systems. The study also highlights continued growth in smart farm automation, greenhouse optimization, livestock monitoring, autonomous agricultural machinery, and digital advisory platforms. Together, these technologies are reshaping how farms are managed by integrating real-time sensing, intelligent analytics, and automated decision-making into everyday agricultural operations. As digital transformation continues across the agricultural value chain, the report suggests that AI, IoT, and blockchain are no longer emerging technologies but are becoming fundamental components of next-generation farming systems. Their combined use is expected to improve productivity, resource efficiency, sustainability, and supply chain transparency while helping agriculture address the challenges of climate change, labor shortages, and global food security.

Source: Research and Markets. "AI, IoT, and Blockchain Market in Modern Agriculture – A Global and Regional Analysis: Focus on Application, Product, and Country Analysis, 2025–2035." Published via GlobeNewswire on July 14, 2026.