Press release
Global Smart Agriculture Market: Pressure for Improving Crop Yield and Minimizing Labor
A growing number of players in the global smart agriculture market are looking to generate larger market shares through innovation and improvements in technologies, expanding regional grasp through finding lucrative opportunities around the world, and establishing more product and service units. Mergers and acquisitions also forms a core market strategy employed by some of its leading players.
The global smart agriculture market is expanding at a very optimistic CAGR of 13.5% within a forecast period from 2017 to 2025. The market’s valuation in 2016 was US$6.55 bn, and the market’s overall value is expected to reach US$23.44 bn by the end of 2025. North America was the leading region in the global smart agriculture market for 2016, owing to a high rate of development and a strong demand for automation in commercial agriculture. The region is expected to maintain its dominance. Based on application, precision agriculture was at fore with a share of 49.09% in the overall market in 2016. While network management held the top spot in the market in 2016, solutions in smart water management are expected to skyrocket over the coming years.
Get PDF Sample of This Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11561
Smart Agriculture Technologies Promote Enhanced Efficiency and Yield
“The inception of smart technologies across multiple industry verticals has been a primary evolutionary factor over the recent past. This also includes the agriculture industry, where a growing demand for products is pushing for the implementation of innovations. Some of the current developments in agriculture are aimed at reducing the aggregate human labor while still augmenting the agricultural yield. Key technologies include microcontrollers, cameras, sensors, cloud- or web-based platforms, and smart devices,” states a TMR analyst.
The demand for smart technologies in agriculture is essentially a result of the global population boom. The growing global population and its correlated industrial expansion is creating a massive stress on food production, while simultaneously reducing the overall area of arable land available.
Low Awareness on Smart Agriculture Developments Inhibits Optimal Implementation Rate
The global smart agriculture market is currently facing a key restraint of lack of awareness regarding advanced farming technologies. The scenario is especially prominent in emerging economies, where farmers are still coping with feudalistic methods, water and supply shortages, and no updated knowledge of the market developments. To a lot of those farmers and companies in the know, high cost of smart devices is a large obstacle, resulting in a large untapped market across multiple regions.
View Our Report @ https://www.transparencymarketresearch.com/smart-agriculture-market.html
The growing proliferation of the Internet across remote and rural areas is expected to improve awareness rates over time. Additional support for smart agriculture technologies implementation is expected to come in the form of favorable government initiatives to educate farmers about the benefits of implementing smart technologies will aid in the market’s expansion.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The companyРђЎs exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMRРђЎs experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMRРђЎs data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Smart Agriculture Market: Pressure for Improving Crop Yield and Minimizing Labor here
News-ID: 1077999 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
