Smart Agriculture Market 2021: Global Giants – Dirt Road Data, Inc., AgJunction LLC, Iteris, Inc., Site-Specific Technology Development Group, Inc., CropMetrics LLC
The global Smart Agriculture Solution 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.
Smart farming, often known as the third green revolution, is the use of current information and communication technologies (ICT) to agriculture. This guarantees increased productivity increases through the efficient use of resources and, to some extent, the prevention of food loss. Smart agriculture systems with sensor monitoring, smart detection, GPS-enabled range devices, and drones are examples of hardware components. Various information-based subscription and managed services, such as climate information services and supply management services, are examples of service components. In addition, variable rate technology incorporates a system that uses local field conditions to precisely adjust the inputs needed on the farm.
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This report includes information on the industry's market growth as well as key segmentation variables that help the global Smart Agriculture Market prosper in today's environment. The report also emphasises the importance of regional classification in the global Smart Agriculture Market. Due to growing demand, the worldwide Smart Agriculture Market will eventually create more revenue and have a higher market size than the previous projected period.
Major Key players in this Market:
· 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.
· SemiosBio Technologies Inc.
Drivers & Trends
The market forecasts in the Smart Agriculture industry are based on established research and assumptions based on current drivers and trends. As a result, the research report serves as a repository of analysis and data for every aspect of the market, including applications, SWOT analysis, future potential, new developments, and more. To acquire a firm grasp on the total market, several possible growth factors and hazards are assessed.
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Smart Agriculture Market Segmentation
· Sensor Monitoring System
· Smart Detection System
· GPS Enabled Ranging System
· Climate Information Service
· Supply Chain Management Service
· Others(System Integration, Maintenance and Consulting Service)
· Automated Machinery Guidance Control
· Tractor Collision and Obstacle Detection
· Machinery Safety and Parameter Monitoring
· Variable Rate Technology
· Building and Premise Surveillance
· North America
· Latin America
· Asia Pacific Excluding Japan
· Western Europe
· Eastern Europe
Method of Research
The purpose of this section's research is to examine the Smart Agriculture market over the course of the review period using several validated metrics based on Porter's Five Force Model. As a result, a thorough examination of the market aids in identifying and emphasising the market's primary strengths and weaknesses as it progresses. Furthermore, the study was created using a combination of primary and secondary research, including interviews, surveys, and observations from seasoned analysts, as well as reliable paid sources, trade magazines, and industry body databases. Beyond important points in the industry's value chain, the study includes a complete qualitative and quantitative assessment based on data gathered from industry analysts and market players.
The following are the study objectives for this report:
· SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
· Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
· Determine whether trends and factors are driving or limiting market growth.
· By identifying high-growth categories, stakeholders would be able to analyse market potential.
· Conduct a strategic study of each submarket's growth trends and market contribution.
· Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
· To create a strategic profile of the main players and analyse their growth plans in depth.
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