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Global Smart Agriculture Market to reach 18 billion by 2025: Analysis by Trimble, Agco, Agjunction, Raven Industries, Delavai, AG Leader Technology., Teejet Technology

11-28-2018 04:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Reports Inc.

Smart Agriculture

Smart Agriculture

Worldwide Smart Agriculture Market is expected to grow +% of CAGR for during forecast period 2018 to 2023. Research Reports Inc. has recently announced the addition of a new research report to its data base titled as Global Smart Agriculture Market. It provides a clear understanding of the subject matter and has been accumulated by suing primary and secondary research techniques. These two methods are anticipated towards collaborating precise data relating to the market dynamics, historical events and the present scenario. Additionally, the report also has a SWOT that regulates the strengths, weaknesses, opportunities and threats that impact the different segments of the overall market.

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Global Smart Agriculture Market valued approximately USD 7 billion in 2017 is anticipated to grow with a healthy growth rate of more than 12.50% over the forecast period 2017-2025. The demand for smart technologies such as Big Data, cloud-based services, GPS, and the IoT is gaining pace in the agriculture industry. Driven by the rising need for high precision crop analysis, automated farming techniques, and collection of data from the field, the world is likely to witness the agriculture industry get smarter with the implementation of technologies in the coming years. Data thus derived from implementing smart technologies can help farmers yield high quality and larger quantity of crops. Besides rising population, which triggers demand for food, the global smart agriculture market is expected to gain from favorable government initiatives. However, the journey is likely to be more difficult in underdeveloped economy where the agriculture sector is reeling under lack of knowledge among farmers. The high cost of smart devices is making the matter worse. Nevertheless, in the coming years the market is likely to gain from the rising penetration of high-speed internet even in remote areas.

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The regional analysis of Global Smart Agriculture Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. the dominance was with the smart agriculture market in North America, which held over 44.14% of the overall market in 2016. Extensive researches funded by governments across the region to minimize human involvement and boost crop yield has fueled the demand for smart agriculture technologies in North America. Europe emerged as the second-leading and is expected to continue exhibiting lucrative market opportunities. In the U.K. especially the market is forecast to witness accelerated pace of gains as the government make huge investments in the research and development of robust technologies. Besides this, rate of growth in Italy is predicted to remain high through the forecast period. During the same time, the Asia Pacific smart agriculture market is forecast to rise at an influential rate. Countries such as Japan, China, and Australia will strong agriculture sector are expected to emerge at the fore of the regional market. China held the leading share in the Asia Pacific smart agriculture market. However, in the forthcoming years Japan is expected to showcase more attractive opportunities for the market.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The report is titled, “Global Smart Agriculture Market Size, Status and Forecast 2023”. The report comprises of the market growth figures since last few years and the estimated growth trajectory for the coming future.

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TABLE OF CONTENTS
Chapter 1. Global Smart Agriculture Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of the Study
1.4. Years Considered for the Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Smart Agriculture Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porters 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Agriculture Market, By Offering
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Smart Agriculture Market, Sub Segment Analysis
5.3.1. Hardware
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Software
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Services
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Research Reports Inc. is one of the leading destinations for market research reports across all industries, companies, and technologies. Our repository features an exhaustive list of market research reports from thousands of publishers worldwide.

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