Press release
Smart Agriculture Market Outlook 2020 : Global Growth Analysis and Forecast Report by 2027 | LUMIGROW, HELIOSPECTRA, AKVA GROUP, AFIMILK LTD., ANTELLIQ, DELAVAL, TRIMBLE, and DEERE & COMPANY
Global Smart Agriculture Market was valued at USD 12.9 billion in 2019 which is expected to reach USD 25.12 billion by 2027 at a CAGR 9.5%.Smart agriculture is the modern technology of farming which includes modern agricultural technologies as well as communication and information technologies to improve the quality and quantity of agricultural products. Smart agriculture is divided into various types such as Fish Farming Monitoring, Smart Greenhouse, Livestock Monitoring, Precision Framing, and Others.
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Market Drivers
Increase in need of livestock health and performance monitoring is the key driving factor which is expected to boost the global smart agriculture market growth. Furthermore, rise in government initiatives in adoption and development of modern agricultural technologies will have the positive impact on global smart agriculture market growth. Moreover, increase in demand for food across the world which is expected to propel the global smart agriculture market growth. Also, increase in technological advancements will fuel the global smart agriculture market growth. For Instance, in December 2019, XAG had launched farm robots and smart agriculture management system for agricultural development.
Market Restraints
However, lack of awareness regarding technology in developing countries is the major restraining factor which is expected to hamper the global smart agriculture market growth. Also, high cost regarding use of smart devices will affect the global smart agriculture market growth.
Market Key Players
Various key players are discussed in this report such as LUMIGROW, HELIOSPECTRA, INNOVASEA SYSTEMS, AKVA GROUP, AFIMILK LTD., ANTELLIQ, DELAVAL, TOPCON POSITIONING SYSTEMS, TRIMBLE, and DEERE & COMPANY
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Market Taxonomy
By Type
• Fish Farming Monitoring
• Smart Greenhouse
• Livestock Monitoring
• Precision Framing
• Others
By Offering
• Hardware
• Software
• Services
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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QualiKet Research
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About Us:-
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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