Advanced Farming Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

According to the Population Reference Bureau, the global population in 2018, was over 7.6 billion, which is expected to cross 9.9 billion by 2050. Moreover, the urbanization of the economically developed and emerging regions is expected to witness significant growth over the forecast period, necessitating increased demands for the agricultural produce. Advanced farming systems will increase yield production and will also result in better crop quality. This will in turn drive growth of the global advanced farming market, specifically in the countries with unfavorable natural climate and densely populated that include the U.S., Western Europe, China, India, and few other economies.

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Global Advanced Farming Market: Key Players
Major players operating in the global advanced farming market include John Deere & Company, Raven Industries, Inc., AGCO Corp., AgJunction Inc., Trimble Inc., Cisco Systems, IBM Corp., Smart Fertilizer Management, Blue River Technology, Microsoft Corp., Intel Corporation, ThingWorx, and Growing Smart among others.

Advanced farming market caters to agriculture-based activities through utilization of connected and advanced information technologies for the analysis, monitoring, identifying and controlling the field operations to maximize the yield and ensure profitability. Moreover, optimum utilization of the available resources that include light, water, space, energy, and costs associated with the maintenance form the primary factors that are expected to drive overall demand.

Global Advanced Farming Market Taxonomy
1. On the basis of technology:
Variable-rate technology (VRT)
High precision positioning systems
Automated steering systems
Remote sensing
Integrated electronic communication
Others

2. On the basis of deployment mode:
Cloud
On-premises

3. On the basis of services:
Integration
Maintenance
Consulting & Training

4. On the basis of regions:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa

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High consumer motivation towards advanced technologies, extensive government initiatives to support the agriculture from the U.S. Department of Agriculture, and high production demands is expected to drive the regional growth over the forecast period. China, India, Indonesia, and Thailand are among the most potential markets across the globe, however, lack of proper infrastructure and knowledge for the handling of these systems will continue to interfere with the growth prospects.

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