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NEWS CATEGORIES * Home * Recommended App Developers * Markets News * Computer Support * Asia Pacific News * Mobile Apps News * Mobile Reviews * Contact Us Sign up for FREE LOGIN * * * * Home * Business Directory * Markets News * Just In * Markets Research * Information & Communications Technology Guest Post By Insightace Analytic Information Technology Markets 2024-11-11 AI-DRIVEN SUSTAINABLE FISHERIES AND AQUACULTURE MARKET TO HIT $1.46 TRILLION BY 2031 AS REVEALED IN NEW REPORT Guest Post By Insightace Analytic Information Technology Markets 2024-11-11 * InsightAce Analytic Guest Post By Insightace Analytic Information Technology Markets 2024-11-11 A recent report by InsightAce Analytic Pvt. Ltd. forecasts that the global AI market in sustainable fisheries and aquaculture will grow from $573.3 billion in 2023 to an impressive $1,462.8 billion by 2031, at a CAGR of 12.7% during 2024-2031. InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Sustainable Fisheries and Aquaculture Market- (By Species (Finfish, Shellfish, Crustaceans) By Application (Aquaculture Monitoring and Control, Fish Health Monitoring and Disease Detection, Feed Management and Optimization, Water Quality Monitoring, Stock Management and Yield Prediction) By AI Technology; By End-User, By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031." According to the latest research by InsightAce Analytic, the Global AI in Sustainable Fisheries and Aquaculture Market is valued at US$ 573.3 Bn in 2023, and it is expected to reach US$ 1,462.8 Bn by 2031, with a CAGR of 12.7% during the forecast period of 2024-2031. Get Free Access to Demo Report, Excel Pivot and ToC: www.insightaceanalytic.com/request-sample/2763 AI in sustainable fisheries and aquaculture refers to integrating AI tools and methodologies into industrial processes and systems to boost automation, instantaneous decision-making and inclusive operational effectiveness. Due to growing concerns over the rapid decline of seafood, the adoption of AI in sustainable fisheries and aquaculture is expected to increase in the coming years. Fast usage of deep learning, computer vision, machine learning, and natural processing language applications in various industries are among the other factors expected to boost the growth of global AI in sustainable fisheries and aquaculture market. Moreover, shifting consumer preference towards sustainable fisheries and aquaculture products, coupled with growing urbanization and high disposable income, are expected to create potential revenue opportunities for players operating in the global AI in sustainable fisheries and aquaculture market. High investments by major players and new advancements for developing various end-use products have created lucrative revenue opportunities for major manufacturers and suppliers of AI in sustainable fisheries and aquaculture. Favourable government initiatives to promote the use of AI in sustainable fisheries and aquaculture, owing to the rising adoption of AI and other environmental concerns, are expected to support the growth of the target market. List of Prominent Players in the AI in Sustainable Fisheries and Aquaculture Market: * IBM Corporation * Intel Corporation * Microsoft Corporation * XpertSea Solutions Inc. * Aquabyte * Antai Technology * AquacultureTalent * ImpactVision * Aquaculture Analytics * Eruvaka Technologies * AquaByte AI * Deep Trekker Inc. * OptoScale AI * VAKI Aquaculture Systems Ltd. * Fishtek Marine * Scanmar AS * Bluegrove Ltd. * AKVA Group * BioSort AS * Kongsberg Gruppen * InnovaSea Systems, Inc. * Aquabyte AI * Osmo Systems * Umitron * Manolin * Others Expert Knowledge, Just a Click Away: calendly.com/insight…th=2024-02 Market Dynamics: Drivers: The growing production of fishies to meet the food supply and cost efficiency are key factors expected to drive the growth of the target market. Increasing demand for AI in sustainable fisheries and aquaculture in producing seafood products is another factor expected to contribute significantly to the revenue share of global AI in sustainable fisheries and the aquaculture market. Additionally, the rising demand for AI in sustainable fisheries and aquaculture to increase the demand for sustainable and nutritious food sources and others is expected to augment the growth of the global AI in Sustainable Fisheries and Aquaculture market. Challenges: The prime challenge is the need for more awareness and regulatory challenges in developing countries, which are predicted to reduce the growth of AI in sustainable fisheries and aquaculture markets. However, the high cost of AI in sustainable fisheries and aquaculture and the rising demand for quality products are factors expected to hamper the overall growth of AI in Sustainable Fisheries and Aquaculture market over the coming years. Owing to the COVID-19 pandemic, the number of cases has been increasing, which led to a global or partial shutdown to maintain social distancing. According to a recent update, the industries are facing unprecedented economic losses due to disruptions in global supply chains for key players operating in the global AI in Sustainable Fisheries and Aquaculture market. Distributors, suppliers, and retailers have inventory but can't sell, and manufacturers must stop production to deal with the shutdown. Regional Trends: The North America AI in Sustainable Fisheries and Aquaculture market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. Growing adoption of AI, rapid urbanization, and increasing industrialization, coupled with increasing R&D activities by prominent players, are factors expected to increase the growth of AI in Sustainable Fisheries and Aquaculture market in the region. Besides, Europe had a substantial share in the market due to its developed economy and growing adoption of advanced technologies such as computer vision systems, machine learning algorithms, and robotics. This is due to the adoption of new strategies by the major players in the AI in Sustainable Fisheries and Aquaculture market. Moreover, the presence of key market players and increasing collaboration among major players for market penetration in the region provides the opportunity for growth of the global AI in Sustainable Fisheries and Aquaculture market. Unlock Your GTM Strategy: www.insightaceanalytic.com/customisation/2763 Recent Developments: * In 2023, XpertSea revealed its XpertSense system, a sensor-based AI platform that supports shrimp farmers to observe and manage their farms. Segmentation of AI in Sustainable Fisheries and Aquaculture Market AI in Sustainable Fisheries and Aquaculture Market- By Species * Finfish * Shellfish * Crustaceans AI in Sustainable Fisheries and Aquaculture Market- By Application * Aquaculture Monitoring and Control * Fish Health Monitoring and Disease Detection * Feed Management and Optimization * Water Quality Monitoring * Stock Management and Yield Prediction AI in Sustainable Fisheries and Aquaculture Market- By Technology * Machine Learning Algorithms * Computer Vision Systems * Natural Language Processing * Robotics and Automation * Data Analytics and Predictive Modeling AI in Sustainable Fisheries and Aquaculture Market- By End-User * Fish Farms and Hatcheries * Seafood Processing Companies * Research Institutions and Universities * Government Agencies and Regulatory Bodies * Technology Providers and AI Solution Developers) AI in Sustainable Fisheries and Aquaculture Market- By Region North America- * The US * Canada * Mexico Europe- * Germany * The UK * France * Italy * Spain * Rest of Europe Asia-Pacific- * China * Japan * India * South Korea * South East Asia * Rest of Asia Pacific Latin America- * Brazil * Argentina * Rest of Latin America Middle East & Africa- * GCC Countries * South Africa * Rest of Middle East and Africa Empower Your Decision-Making with 180 Pages Full Report @ www.insightaceanalytic.com/buy-report/2763 . NEWS FROM InsightAce Analytic Category: Industry Reports & Market Analysis Profile: Excel in niche and complex market studies with high-quality market research reports. Our market intelligence reports service will address your niche market needs to identify opportunities for future business growth. InsightAce Analytic can acquire any customized market data or intelligence reports to support the client's strategic planning process. 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