According to Goldstein Research, growing demand of livestock monitoring, precision farming and rise in greenhouse farming is surging the demand for the implementation of advance technology in agriculture. Global Smart Agriculture Market Segmentation includes application such as precision farming, aquaculture (fish farming), precision livestock monitoring, smart greenhouse and other (horticulture, animal husbandry). Smart Agriculture is emerging on the back of production of high quality crop. Drones are the biggest part of smart farming. Continuous development in drone technology is majorly boosting the market of smart agriculture. According to our analysts “Precision farming market is expected to reach USD 8.4 billion by the end of 2024.” Global Smart Agriculture market is majorly growing in developed nations owing to rising acceptance of digital technologies. Cost-effective operation and remote monitoring feature is the key factor which is enhancing the market popularity of smart agriculture practices.
Market Segmentation
On the basis of our in-depth analysis, Global Smart Agriculture Market can be segmented as follows:
• Based on Components
o Hardware
 Drones
 Sensors
 RFID Tags
 Others(Transmitters, Sprinklers)
o Software
 Data Management
 Network Management
 Security
 Remote Monitoring
 Real Time Streaming Analysis
o Platforms
• Based on Application
o Precision Farming
o Aquaculture(Fish Farming)
o Precision Livestock Monitoring
o Smart Greenhouse
o Other ( Horticulture, Animal Husbandry)
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Smart Agriculture Market Outlook 2024” contains detailed overview of the global smart agriculture market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by component type and by application.
Further, for the in-depth analysis, Global Smart Agriculture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as 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 the global smart agriculture market trends along with market forecast that will help industry consultants, technology providers, 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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