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Smart Agriculture Market will Hit Big Revenues in Future | COVID19 Unlock Opportunities
Smart Agriculture Market
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Smart agriculture can be defined as an innovative way of performing agricultural activities by using modern technologies such as big data, cloud data based services, livestock biometrics, agricultural robots, GPS, and Internet of things. These technologies are accepted in the agricultural sector as they help reduce human efforts, maximize utilization of the available resources, maximizing profitability, sustainability, quality, and productivity. There are different types smart agriculture which are practiced includes precision farming, livestock monitoring, fish farming and smart greenhouse. Precision agriculture is one of the key components of modern agriculture, which includes sensing devices, camera, and actuators connectivity modules, micro-controllers, and automation systems that help control and monitor the progress of agricultural activities.
Reduction of agricultural land due to increase in urbanization is projected to drive the growth of the smart agriculture market. In addition, changes in earth’s climate due to human activity has led to changes in average temperature, rainfall, and heat. This affects the crop production resulting in adoption of smart technologies for agriculture which has propelled the growth of smart agriculture market. Moreover, according to the United Nation world population prospect 2017, the world human population is expected to increase from 7.7 billion in 2019 to 9.7 billion in 2050.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
The report presents in-depth insights into each of the type, application, and region. verticals along with annual forecasts to 2026. The report provides revenue forecast with sales, and sales growth rate of the global Smart Agriculture market. The forecasts are also provided with respect to the type, application, and region segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Top 10 leading companies in the global Smart Agriculture market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and Smart Agriculture products and services. The key players operating in the global Smart Agriculture industry include AGCO Corporation, Deere & Company, Raven Industries, AG Leader Technology, Precision Planting LLC., SST Development Group, Trimble Inc., TOPCON Positioning systems, AG Junction, and Cropmetrics.
Other key players (not profiled in the report) in the market value chain include Angel Yeast Co. Ltd, Thai Foods International Co., Ltd., Fuji Foods Corporation, BioNutrients, Nutra Green, and others.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Key Benefits
• The report provides a qualitative and quantitative analysis of the current Smart Agriculture market trends, forecasts, and market size from 2019 to 2026 to determine the prevailing opportunities.
• Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market report also provides an understanding of the current position of the market players active in the Smart Agriculture industry.
KEY BENEFITS FOR STAKEHOLDERS
• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global smart agricultural market from 2018 to 2026 to identify the prevailing market opportunities.
• The key countries in all the major regions are mapped based on their market share.
• Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as the global market, key players, market segments, application areas, and growth strategies.
Access Full Report Summary: https://www.alliedmarketresearch.com/smart-agriculture-market
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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