The global smart agriculture/farming market is anticipated to reach USD 18.21 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as consistent growth in population, low availability of cultivable land, government incentives, and demand for fresh and high-quality food are expected to drive the smart greenhouse market. According to World Health Organization (WHO) and Population Council, 80% of the global population resides in urban cities. The prevailing scarcity of land in urban cities has urged growers to adopt new solutions for developing fresh produces. For instance, the vertical farming technique enables consumers to grow crops indoor in layers, in a multi-story building, stacked on racks, or in a warehouse.
The growing population is expected to result in an increased food demand by 2050. Farmers are likely to witness immense pressure in increasing crop production either by making more land available to grow crops or adopting newer techniques, such as smart agriculture and vertical farming. Traditional farming techniques witness several barriers such as climate change, high labor cost. These disadvantages can be overcome with the use of technologies such as LED indoor farming, which creates a nature-like condition to help farmers meet the swelling food demand. Additionally, the changing preference of consumers toward healthier and fresh foods is expected to drive market growth over the forecast period.
Agri M2M offers significant opportunities to mobile operators owing to its potential to generate additional revenue through value-added services. For instance, bundling M2M services with a voice or data offering for rural enterprise customers is likely to enhance the application of M2M.
Agri VAS has been developed to overcome the information gap faced by farmers in emerging markets such as China and India. Additionally, it also helps in connecting the cultivators with other key players in the agriculture supply chain. Agriculture Value Added Services (VAS) have increased over the past few years owing to their rising awareness among VAS providers, mobile operators, and farmers. A few types of M2M connectivity include cellular M2M, satellite & fixed network, power line, and short-range connections such as Wi-Fi, Ethernet, and ZigBee.
Further key findings from the report suggest:
- The growing trend of producing bio-pharmaceutical products under a controlled environment is expected to drive the smart greenhouse market demand over the projected period.
- The software segment is expected to portray the highest growth rate, registering a CAGR of 16.7% over the forecast period.
- The LED grow light segment is anticipated to witness a considerable growth rate over the forecast period.
- The indoor farming technique makes use of LED to create natural surroundings for growing vegetables and herbs.
- The advent of modern agriculture technology along with the flexible pricing of connected devices is likely to influence the South American regional market demand.
- Various organizations are investing heavily in R&D to offer efficient and low-cost solutions to consumers.
- Key players in the smart farming market includeCropMetrics LLC (U.S.), Drone Deploy (U.S.), DeLaval International AB (Sweden), DICKEY-john Corporation (U.S.), and Farmers Edge, Inc. (Canada), among others.
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The scope of the global Smart Agriculture/Farming Market was appreciated at US$ 5.79 billion in 2016 and will touch the value of US$ 18.21 billion by the completion of the year 2025.
Skills for example Machine-to-Machine, Agricultural Robots, Infrastructural Health Sensors and Biometrics of Livestock are progressively being acknowledged by the sector of agriculture to save the labor charges, and capitalize on profitability, production, sustainability and production.Smart agriculture consists of gathering of information and study, control of harvest with greater accuracy, and mechanization of farming methods.
The growing populace and the increasing demand for foodstuff have stimulated the usage of contemporary and smart expertise for agriculture.Download Sample Report @ https://www.millioninsights.com/industry-reports/smart-agriculture-farming-market/request-sampleThe growing mechanization of agricultural processes and incorporation of innovative machineries to upsurge the manufacture of foodstuff and enhance the quality of harvest give impetus to the market.
The increasing necessity to observe livestock and decreasing usage of fertilizers and pesticides drives the implementation of smart agriculture.Growing costs of manual labor combined with scarcity of manual labor in farms has amplified the demand for smart agriculture.
The inadequate availability of land for farming, development in the global business of agriculture, increasing worries regarding environment, ever-changing emphasis in the direction of organic foodstuff, and worries about shortage of natural resources are additional features backing the development of the market.
Increasing demand from developing nations and technical progressions are the reasons likely to deliver many openings for the development during the approaching years.However, greater primary investment limits the development of the smart agriculture market.
Smart Agriculture/Farming market is segmented by company, region (country), by Type, and by Application.
Players, stakeholders, and other participants in the global Smart Agriculture/Farming market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-smart-agriculturefarming-2021-2027-938Segment by TypeHardwareSoftwareServicesSegment by ApplicationPrecision FarmingLivestock MonitoringSmart GreenhouseBy RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaNordicRest of EuropeAsia-PacificChinaJapanSouth KoreaSoutheast AsiaIndiaAustraliaRest of AsiaLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEABy CompanyAg Leader TechnologyAgJunction, Inc.AGCO CorporationAgribotix LLCArgus Control Systems Ltd.Autonomous Solutions, Inc.BouMatic Robotic B.V.CropMetrics LLCCNH IndustrialAgribotix LLCArgus Control Systems Ltd.DICKEY-john CorporationDrone DeployDeLaval International ABDeere and CompanyFarm Edge, Inc.Grownetics, Inc.GEA GroupGamayaGranular, Inc.Raven Industries, Inc.SST Development Group, Inc.Trimble, Inc.The Climate Corporation Get the Complete Report & TOC @ https://www.grandresearchstore.com/agriculture/global-smart-agriculturefarming-2021-2027-938Table of content1 Report Overview1.1 Study Scope1.2 Market Analysis by Type1.2.1 Global Smart Agriculture/Farming Market Size Growth Rate by Type: 2016 VS 2021 VS 20271.2.2 Hardware1.2.3 Software1.2.4 Services1.3 Market by Application1.3.1 Global Smart Agriculture/Farming Market Share by Application: 2016 VS 2021 VS 20271.3.2 Precision Farming1.3.3 Livestock Monitoring1.3.4 Smart Greenhouse1.4 Study Objectives1.5 Years Considered2 Global Growth Trends2.1 Global Smart Agriculture/Farming Market Perspective (2016-2027)2.2 Smart Agriculture/Farming Growth Trends by Regions2.2.1 Smart Agriculture/Farming Market Size by Regions: 2016 VS 2021 VS 20272.2.2 Smart Agriculture/Farming Historic Market Share by Regions (2016-2021)2.2.3 Smart Agriculture/Farming Forecasted Market Size by Regions (2022-2027)2.3 Smart Agriculture/Farming Industry Dynamic2.3.1 Smart Agriculture/Farming Market Trends2.3.2 Smart Agriculture/Farming Market Drivers2.3.3 Smart Agriculture/Farming Market Challenges2.3.4 Smart Agriculture/Farming Market Restraints3 Competition Landscape by Key Players3.1 Global Top Smart Agriculture/Farming Players by Revenue3.1.1 Global Top Smart Agriculture/Farming Players by Revenue (2016-2021)3.1.2 Global Smart Agriculture/Farming Revenue Market Share by Players (20If You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-smart-agriculturefarming-2021-2027-938CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
The market infiltration report offers perspicacious data and information relevant to the market to familiarize the readers with the lucrative growth anticipation existing in this industry, eventually helping them contrive effective business strategies.
The Smart Agriculture/Farming market report has been well organized curated using industry-verified data to offer guidance concerned with the leading manufacturers and suppliers affianced in this sector.
It further focuses on their pricing analysis, gross revenue, product portfolio, sales network & distribution channels, profit margins, and financial estimation.
Regional assessment of Smart Agriculture/Farming market unlocks a superfluity of unexploited opportunities in regional and domestic market places.
Detailed company profiling accredits users to evaluate company shares analysis, emerging product lines, the scope of new markets, pricing strategies, innovation probability, and much more.The study throws light on the recent trends, technologies, approaches, and tools, which can boost the performance of companies.
For further market speculation, it gives the depth knowledge of different market segments, which helps to tackle the issues in businesses.
The global vertical farming market size is anticipated to reach USD 9.96 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.3% over the forecast period.
Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions.
Growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.Vertical farming is effective in ensuring the stability in the crop production and maintaining reliability even in adverse climatic conditions.
It provides multiple benefits over traditional farming technique, such as less use of water, lesser need of agrochemicals, and low dependence on agricultural labours.
Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.Genetically modified organisms and environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged the consumers to adopt organic foods.
According to the Organic Trade Association, the U.S. organic industry sales increased by around 11% in 2018, owing to increased investment in infrastructure and education.
