Scope for Smart Agriculture Market: Size, Share, Trends, Growth, and Revenue Projections by 2027


Posted November 14, 2023 by pratikdahe1

Smart agriculture is a concept focused on providing the agricultural industry with the infrastructure to leverage advanced technology.

 
Smart agriculture is a concept focused on providing the agricultural industry with the infrastructure to leverage advanced technology. Moreover, connected technologies such as WiFi, Zigbee, additional wireless sensor, and low power wide area network technology are some of the different technologies that help farmers efficiently execute different agriculture operations such as harvesting, purchasing, planting, and inventory control. Furthermore, increase in adoption of IoT and artificial intelligence by farmers help monitor the crop field and automate the irrigation process. In addition, adoption of advance technologies has uplifted organic farming, which includes greenhouse and vertical farming and enhances the productivity. Moreover, use of IoT and artificial intelligence in greenhouse eliminates the need for constant monitoring of the crops and provides cost-effective and optimal solutions for farmers with minimal manual intervention, which boosts the growth of the smart agriculture market.

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Smart agriculture is experiencing rapid transformation from both service and product perspective. Business model transformation, technological disruptions, and organizational changes are all creating a thrilling but challenging opportunity. Moreover, improvement in both software and hardware technology is providing new way of agriculture, especially with the introduction of smart sensors, robotic automation, modern biologicals, digital data, and many big incumbents, which have identified the need to adopt smart agriculture. Thus, increasing revolution of technology in the field of smart agriculture drives the growth of the global smart agriculture market in terms of value sales.

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The key players operating in the smart agriculture industry include Trimble Inc., Deere & Company, Topcon Positioning Systems, DeLaval Inc., AgEagle Aerial Systems Inc., Afimilk Ltd, Raven Industries, Inc., Ag Junction LLC., AGCO Corporation, and GEA Group.

Key Benefits For Stakeholders:

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart agriculture market analysis from 2019 to 2027 to identify the prevailing smart agriculture market opportunities.

• The key countries in all the major regions are mapped on the basis of market share.

• The market research is offered along with information related to key drivers, restraints, and opportunities.

• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.

• In-depth analysis of the smart agriculture market segmentation assists to determine the prevailing market opportunities.

• Major countries in each region are mapped according to their revenue contribution to the global market industry.

• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

• The report includes the analysis of the regional as well as global smart agriculture market trends, key players, market segments, application areas, and market growth strategies.

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Issued By Allied Market Research
Country India
Categories Business
Last Updated November 14, 2023