Press release
What's driving the Smart Agriculture Market trends? Ag Leader Technology, AGCO Corporation, AgJunction Inc., Deere & Company, Raven Industries, Inc., Semiosbio Technologies Inc., SST Software, Teejet Technologies, Topcon Positioning Group, Trimble, Inc.
Smart Agriculture Market
Smart agriculture market is expected to grow US$ 30.01 billion by 2025 from US$ 11.30 billion in 2016. Global smart agriculture market has been categorized by Product type majorly into three categories; hardware, software and services.
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Key trend which will predominantly effect the 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.
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 this 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.
Along with the rising trend of globalization, the people are getting more educated regarding healthy diet and thus the food and beverages industry is experiencing a sturdy shift in the food consumption pattern. More number of people today, have started including non - vegetarian food produces, which is subsequently leading to rising demand for efficient production of livestock. 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.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the smart agriculture industry.
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1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Global Smart Agriculture Market - Key Industry Dynamics
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Smart Agriculture Market - By Product Type
4.2.2 Global Smart Agriculture Market - By Application
4.2.3 Global Smart Agriculture Market - By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Smart Agriculture Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Burgeoning global population
5.1.2 Rising concern regarding food security and climate change
5.1.3 Declining Soil Productivity
5.2 Key Market Restraints
5.2.1 Lack of awareness among the farmers
5.2.2 Exorbitant products and services
5.2.3 Inadequate IT infrastructure facilities
5.3 Key Market Opporunities
5.3.1 Government initiatives and investments
5.3.2 Rising penetration of internet and Expansion of Smartphone
5.4 Future Trends
5.4.1 Technological advancements in the near future
5.4.2 Predicting the weather to take the guesswork out of farming
5.4.3 Increasing farm productivity through unexpected data partnerships
5.5 Impact Analysis of Drivers and Restraints
6 Smart Agriculture Market - Global
6.1 Global Smart Agriculture Market Overview
6.2 Global Smart Agriculture Market Forecast and Analysis
7 Global Smart Agriculture Market Analysis - By Product Type
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