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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