An Outlook on Growth Opportunities for Global Agriculture 4.0 Market to 2026

According to a new study by MarkNtel Advisors, the Global Agriculture 4.0 Market is anticipated to witness exponential growth during 2021-26. The market growth primarily attributes to the growing popularity & adoption of Agriculture 4.0 due to the rising demand for optimum crop production with limited available resources.

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Key Questions Answered in the Study
1. What are the current & future trends in the Global Agriculture 4.0 Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across the globe, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Agriculture 4.0 Market?
5. What are the customer orientation, purchase behavior, & expectations from Agriculture 4.0 technology providers across the globe?

Besides, the introduction of modern technologies like IoT, remote sensors, GPS, etc., in the agriculture sector is helping farmers cope with everyday challenges, including closely monitoring crops, weather forecasting, etc., and enhance farm productivity & crop yield, further states the research report, "Global Agriculture 4.0 Market Analysis, 2021."

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Livestock Monitoring Hardware to Remain Predominant in the Global Agriculture 4.0 Market

The Livestock Monitoring Hardware grabbed more than 50% of the revenue share of the market in 2020, and is expected to remain predominant in the forecast period. It owes to the increasing adoption of modern technologies in livestock farming, enabling farmers to gather real-time data about their animals, monitor health & overall behavior like feeding behavior, biosecurity, hygiene levels, and others.

Besides, these solutions help farmers monitor livestock health & prevent diseases using Smart technologies like wearables & connected sensors to check blood pressure, respiration, temperature, heart rate, and other vitals of the livestock.

Cloud-Based Software to Witness Significant Growth Through 2026

The segment growth attributes to the focus of cloud-based software on shared networks, servers, and storage devices like Personal Digital Assistant (PDA)s & cellphones. These devices integrated with cloud-based software are becoming more capable of processing & managing information and enhancing the overall performance in offline & real-time environments.

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The adoption of cloud computing by farmers in developing countries like India for real-time farm data management and the launch of cloud-based farm accounting solutions by Agtech companies are also expected to propel the demand for cloud-based software in the agriculture sector. In 2021, Agtech start-up, Traction, launched a cloud-based farm accounting solution for farmers to help them manage accounting transactions from any connected device, including phones & tablets.
Besides, cloud-based software allows farmers to save crop data, health records, information collected through RFID tags & readers, and manage all of this under one roof, reveals MarkNtel Advisors in their research report, "Global Agriculture 4.0 Market Analysis, 2021."

Key Market Competitors:

According to MarkNtel Advisors, the leading players in the Global Agriculture 4.0 Market are Trimble Inc., Deere and Company, Agco Corporation, Raven Industries, DeLaval, GEA Group, Agjunction, Antelliq, Ponsse, Komastu Forest, DJI, Granular, Hexagon Agriculture, Crop metrics, Dickey-John, Others.

Market Segmentation:
1. By Component (Hardware (Livestock Monitoring Hardware (RFID Tags and Readers, Sensors, Control Systems, GPS, Others (Drones)), Agriculture Hardware (Automation and Control System, Sensing and Monitoring Devices), Forestry Hardware (Harvesters & Forwarders (UAVs/ Drones, GPS, Cameras, RFID and Sensors, Variable Rate Controllers, Others), Fish Farm Hardware (GPS/ GNSS, Sensors, Others), Green House Farming Hardware (Combined Heat and Power Systems (CHPs), Cooling Systems, Automated Irrigation Systems, pH Sensors)), Software (Cloud-Based, Local/Web Based))

2. By Application (Farming (Crop health assessment, Crop Monitoring & Spraying, Planting, Soil & Field analysis, Field Mapping, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Financial Management), Forestry (Genetics and Nurseries, Silviculture and Fire Management, Harvesting Management, Inventory and logistics Management), Livestock Monitoring (Heat Stress & Fertility Management, Milk Harvesting Management, Feeding Management, Animal Health & Comfort Management, Behavior Monitoring Management, Others), Fish Farm Monitoring (Tracking and Fleet Navigation, Feeding Management, Water Quality Management, Others), Smart Green House (HVAC Management, Yield Monitoring, Water & Fertilizer Management, Lighting Management), Others (Aquaculture farming))

3. By End-Users (Livestock, Agro-forestry, Fishing, Aquaculture)

4. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

5. By Countries (US, Canada, Mexico, Brazil, UK, Germany, France, Spain, Italy, Turkey, South Africa, Israel, China, India, Japan, South Korea)

6. By Competitors (Trimble Inc., Deere and Company, Agco Corporation, Raven Industries, DeLaval, GEA Group, Agjunction, Antelliq, Ponsse, Komastu Forest, DJI, Granular, Hexagon Agriculture, Crop metrics, Dickey-John)

MarkNtel Advisors
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About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.