Smart Farming Market Rise in the Demand with | Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., , Vertical Farm Systems and More

Smart Faming can be defined as application of one or more than one technology in the farming process to gain more efficiency and effectiveness. Smart faming is the advanced and innovative way of doing farming to get the maximum output and to reduce the human efforts. Advance technology includes usage of hardware, service and software to the process of farming. The technology includes irrigation management, scouting of crops, harvesting, seeding and many more.

Global Smart Farming Market is driven by the huge increase in adoption of technology within farming globally, which is projecting a rise in estimated value from USD 7.53 billion in 2018 to an estimated value of USD 19.75 by 2026, registering a CAGR of 12.81% in the forecast period of 2019-2026.

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Global smart farming market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Smart Farming Market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Smart Farming Market

Few of the major competitors currently working in smart farming market  are Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., , Vertical Farm Systems, AeroFarms, Signify Holding, Osram Licht AG, Harvest Automation, AKVA Group Farmers Edge Inc., Mavrx Inc., DTN, GeoVisual Analytics, , Aglytix, and 360 Yield Center.

Market Drivers:

Huge acceptance of technology within the farming as it is more effective and efficient and utilize the resources in the best manner
Rise in the demand for controlling and monitoring the livestock health, which helps in taking proper measures within the growth process.
Huge increase in the population across the globe increases the demand for food. This increases the use of technology and automation within the farming process to get the maximum yield and output.

Market Restraints:

Huge initial capital investment is a big barrier in smart farming as every farmer or person indulged into farming can't be able to do investment at such a level.
Lack of infrastructure in Asia pacific regions whose major population is into the farming & agricultural related business
Lack of agricultural based technical knowledge & skilled farmer across the globe is one of the major restraints.

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Key Developments in the Market:

In September 2018, Swiss farms with the support of AGCO Corporation in software and hardware officially opened swiss future farms. This has been opened to make digital agriculture more strong and feasible by giving educational and consultancy services.
In January 2018, South Dakota State University partnered with raven industry to establish smart agriculture amenities within the south dakota university campus

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Access Control Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Access Control Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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