Doubts Related to the Smart Agriculture Explained in the Report with Major Key Companies like CropMetrics , Trimble Navigation , Agribotix , AgEagle Aerial Systems ,Granular, AgriSight and SemiosBio Technologies

United State,Washington: CMI presents an updated and Latest Study on Smart Agriculture Market Market 2020-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Smart Agriculture Market market during the forecast period (2020-2026).

COVID-19 Pandemic have adversely affected the economies of various countries around the globe. According to the International Monetary fund Analysis, the global economy is expected to shrink down by 3% percent in the year 2020 compared to year 2019. Due to the reduction in the size of global economy the spending or purchasing power of people also decreases. Moreover the farmers are also expected to reduce the expenditure on adopting the new technologies for the agriculture.

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Major companies operating in the global smart agriculture solution market are Dirt Road Data, Inc., AgJunction LLC, Iteris, Inc., Site-Specific Technology Development Group, Inc., CropMetrics LLC, Trimble Navigation Ltd., Agribotix LLC, AgEagle Aerial Systems Inc., Granular, Inc., AgriSight, Inc., and SemiosBio Technologies Inc.

Machine-to-machine (M2M) involves no human intervention and devices communicate with each other. It refers to technologies that allow both wired and wireless systems to communicate with various other connected devices. M2M is an integral part of the Internet of Things (IoT) and offers several benefits to the industry and business. As M2M communication is gaining traction, M2M applications and connectivity are becoming a major focus area for market players such as communication service providers (CSP) and industry vertical application developers. Some of the end-use applications of M2M are building automation, smart city, smart grids, healthcare, and industrial automation. Agriculture application of M2M is expected to gain traction and is anticipated to significantly drive growth of the global smart agriculture market in the near future. Thus, these factors are expected to drive growth of the global smart agriculture solution market during the forecast period.

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The global Smart Agriculture Solution Market was accounted for US$ 18975.7 Mn in terms of value in 2019 and is expected to grow at CAGR of 11.2% for the period 2020-2027.

Major companies in the market are focused on research and development activities, in order to innovate novel products. For instance, in June 2016, Agribotix LLC introduced the Agribotix Agrion system, which is an agricultural drone solution, in order to aid farmers to evaluate the entire field. Furthermore, in May 2015, SemiosBio Technologies Inc. introduced a module i.e., Forst module, for its precision farming platform in order to broaden its solution offerings.

Condition and status of soil and its properties are crucial for making decisions concerning sustainable soil management, which in turn, contributes to appropriate land use. It is vital to carry out soil assessments and undertake analysis and mapping of data and information through soil surveys. Therefore, these factors are expected to propel the global smart agriculture solution market growth over the forecast period.

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