Rapidly rising food demand due to increasing population across the globe resulted into high adoption rate of efficient equipments in agricultural sector. Quality crop with high production can be achieved with the application of big data, internet of things (IoT) and GPS in farm management. Growing demand of livestock monitoring, precision farming and rise in greenhouse farming is surging the demand for the implementation of advance technology in agriculture. Our smart agriculture market report encompasses market insights which can help market players to make critical decisions. Global smart agriculture market is segmented based on components such as hardware, software and platform. Among these segments platform section are expected to witness healthy growth. Increasing R&D investment in advanced technologies is expected to increase the market share of platforms during the time period of 2016 to 2024. Geographically, Asia-Pacific is expected to witness notable growth rate due to rising acceptance of digital technologies in countries such as China, Japan and India. Precision farming market is expected to reach USD 8.4 billion by the end of 2024. Rising penetration of internet provided the ease of precision livestock monitoring and farm management is projected to increase the demand for precision farming over the forecast period.
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Global smart agriculture market is segmented on following basis
• Based on Components
• RFID Tags
• Others(Transmitters, Sprinklers)
• Data Management
• Network Management
• Remote Monitoring
• Real Time Streaming Analysis
• Based on Application
o Precision Farming
o Aquaculture(Fish Farming)
o Precision Livestock Monitoring
o Smart Greenhouse
o Other ( Horticulture, Animal Husbandry)
• Based on Geography
o North America (U.S. & Canada)
o Latin America ( Brazil , Mexico & Rest of Latin America)
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Rest of World
“Global Smart Agriculture Market Outlook 2024” contains detailed overview of the global smart agriculture market in terms of market segmentation by component type, and by application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global smart agriculture market which includes profiling of companies of AGCO Corporation, Deere & Company, Cisco Systems etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global smart agriculture market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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