Press release
Smart Agriculture Market: Year 2020-2025 and its detail analysis by focusing on Top Key Players like AGCO, Ag Junction, AG Leader Technology, Deere & Company, Raven Industries, Semiosbio, SST Development, Teejet, Topcon Precision Agriculture, Trimble Navi
Key trend which will predominantly effect the smart agriculture market in coming year is upcoming technological advancement in this field. It is predicted that the upcoming technological advancements in this industry would enable the farmers to regulate the requirements of a crop at any explicit location and instant in a way that will be increasingly accurate, and from a distance. The companies that survive in the ecosystem would be on account of innovations and to support the development and adoption of smart agriculture techniques.
Global Smart Agriculture Market is expected to grow from US$ 11.30 billion in 2016 to US$ 30.01 billion by 2025 at a CAGR of 11.5% between 2017 and 2025.
The future technological advancement in the smart agriculture is expected to ease out the lengthy procedures involved in crop production and also support in making the supply chain of smart agriculture market more effective. The needs and wants of customer increase each passing day and to meet such rapidly increasing demands, it has become very important to adopt technologies that provide better result in less time and cost.
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The reports cover key developments in the Smart Agriculture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Smart Agriculture market are anticipated to lucrative growth opportunities in the future with the rising demand for Smart Agriculture market in the global market.
Key Players Influencing the Market
o AGCO Corporation
o Ag Junction Inc.
o AG Leader Technology
o Deere & Company
o Raven Industries, Inc.
o Semiosbio Technologies Inc.
o SST Development Group, Inc.
o Teejet Technologies
o Topcon Precision Agriculture
o Trimble Navigation
The "Global Smart Agriculture Market Analysis to 2025" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Smart Agriculture market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Smart Agriculture market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Smart Agriculture market players and offers key trends and opportunities in the market.
Global smart agriculture market has been categorized by Product type majorly into three categories; hardware, software and services. The hardware segment further comprises of sensors based monitoring system, smart detection systems, GPS enabled ranging system and drones. Whereas the services segment comprises of supply chain management, climate information and other (System Integration, Maintenance and Consulting Service). The software and services market is expected to witness highest growth rates, whereas the hardware segment is expected to grow at a moderate growth rate.
Besides this, the report analyzes factors affecting Smart Agriculture market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Smart Agriculture Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Smart Agriculture market based on the type and application. It also provides market size and forecast till 2025 for overall Smart Agriculture market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
o Market size and growth rate during forecast period.
o Key factors driving the Smart Agriculture Market.
o Key market trends cracking up the growth of the Smart Agriculture Market.
o Challenges to market growth.
o Key vendors of Smart Agriculture Market.
o Detailed SWOT analysis.
o Opportunities and threats faces by the existing vendors in Global Smart Agriculture Market.
o Trending factors influencing the market in the geographical regions.
o Strategic initiatives focusing the leading vendors.
o PEST analysis of the market in the five major regions.
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