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Smart Farming Market will be Valued at 18.81 Billion US$ by 2026 | Worldwide Top Key Vendors - Deere & Company, Raven, GEA Group AG, AG Leader Technology, Topcon Positioning Systems, Boumatic, Agjunction, Trimble

10-30-2018 09:06 PM CET | Energy & Environment

Press release from: Market Prognosis

Smart Farming Market

Smart Farming Market

Marketprognosis.com Publish a New Market Research Report On “Smart Farming - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Smart Farming Market:

The Global Smart Farming Market is accounted for $5.77 Billion in 2017 and is expected to reach $18.81 Billion by 2026 growing at a CAGR of 14.0% during the forecast period. The increasing demand for food production, and rising population and shortage of agricultural lands are key driving factors for the smart farming market. Furthermore, growing implementation of advanced technologies in farming for maximum profitability and production, availability of low-cost cloud services, increasing need for remote monitoring services, increasing focus on farm efficiency and productivity, reduction in cost of sensors, rising governments’ support towards smart farming, government’s support to adopt modern agricultural techniques and rising adoption of big data & IoT in smart farming are some of the factors boosting the market growth.

Get a Sample Copy of this Report @ https://marketprognosis.com/sample-request/15315 .

Hardware offerings segment dominated the global market with largest share owing to its extensive usage in smart farming to reduce input and augment output productivity of crop yields. The hardware offerings include automation and control systems, and sensing and monitoring systems. Automation and control systems such as Global Positioning System (GPS) receivers, guidance and steering devices, and Variable Rate Technology (VRT) devices form a major part of the smart farming market. However, software offerings segment is expected to grow with a high CAGR during the forecast period 2017 to 2026. Fish farming applications are projected to grow at the highest CAGR during the forecast period due to implementation of smart technologies.

Geographically, North America accounted for the largest share in global smart farming market. The dominance of this region is due to government initiatives and regulations, presence of established market players and implementation of modern technologies. Asia Pacific is expected to witness high growth during the forecast period due to rising awareness among farmers and growing government support in developing countries such as China and India.

Major Key Players:

1 Deere & Company

2 Raven Industries

3 GEA Group AG

4 The Climate Corporation

5 AG Leader Technology

6 Topcon Positioning Systems, Inc.

7 Boumatic LLC.

8 Agjunction, Inc.

9 Trimble, Inc. and More…………..

Purchase this report online with Top Key Players Analysis and List of Tables & Figure @ https://marketprognosis.com/buyReport/15315 .

Market Segment by Agriculture types:

1 Precision Farming

2 Fish Farming

3 Smart Greenhouse

4 Livestock Monitoring

5 Other Agriculture types

Market Segment by Product types:

1 Automation and control systems

2 Smart agriculture equipment and machinery

Market Segment by Offerings:

1 Hardware

2 Software

3 Services

Any Query? Ask to our Expert @ https://marketprognosis.com/enquiry/15315 .

This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Smart Farming Market.

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.
Thane – 421501
India.

sales@marketprognosis.com
+1 973 241 5193
https://www.marketprognosis.com

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