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Smart Agriculture/Farming Market Growth and Forecasts by Industry Dynamics To 2025

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Henry Paul

30th March 2020 – Global Smart Agriculture/Farming market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Smart Agriculture/Farming industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Smart Agriculture/Farming barriers, and feasibility study are the vital aspects evaluated in this report.

 

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. Smart agriculture is maintainable agriculture. It utilizes expertise; for example, IoT, Cloud centered services, GPS and Big Data. 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. Smart agriculture utilizes micro-controllers, camera, sensors, actuators, and modules of connectivity to support agriculturalists to govern and control agricultural processes, distantly, by means of smart devices. The growing populace and the increasing demand for foodstuff have stimulated the usage of contemporary and smart expertise for agriculture.

 

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Main features of the report:

  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Smart Agriculture/Farming Market.
  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • To provide country level analysis of the market for segment by application, product type and sub-segments.
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
  • Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Smart Agriculture/Farming Market.
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the industry.

 

Drivers and Restraints:

The 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. Incorporation of skills and subsidizations from governments have fast-tracked the acceptance of smart agriculture. 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. Similarly, the absence of agriculturalists having technical understanding is likely to constrain the development of the global market during the subsequent years. Furthermore, the matters related to the data accumulation, data administration, and the absence of standardization in the smart farming market are the most important tasks that are being confronted by the important companies and expected to restrain the development of the market during the nearby future. However, the arrival of big data in agriculture farm and the combination of smartphone with software and hardware uses are expected to propose prospective development openings for the companies during the forthcoming years.

 

Regional Lookout:

By Region the global smart agriculture industry can be classified as North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America headed the global market for smart agriculture and is expected to uphold the foremost place during the approaching a small number of years. The growing funds by the governments for research actions so as to decrease the human participation and improve the harvest income are expected to motivate the smart farming industry for North America during the close years. Europe is likely to grip the subsequent place. The credit goes to the great involvement by the U.K. In addition, Asia Pacific is expected to witness a healthy development and produce possible development openings for the companies, during the nearby future, due to the growing involvement from China and India.

 

Companies:

The most important companies are presenting new-fangled advanced products in the market to satisfy the increasing demands from the customer. International companies are arriving in emerging states to increase their base of customer and build up existence in the market. Some of the important companies for smart agriculture/farming market are CropMetrics LLC (U.S.), Drone Deploy (U.S.), DeLaval International AB (Sweden), DICKEY-john Corporation (U.S.), and Farmers Edge, Inc. (Canada), among others. Additional notable companies are Argus Control Systems Ltd. (Canada), Agribotix LLC (U.S.), Autonomous Solutions, Inc. (U.S.), CNH Industrial (UK), CLAAS (Germany), and CropZilla Software, Inc. (U.S.).

 

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