Smart Agriculture Market Upbeat with Broadening Expanse of Precision Farming Practices

Penetration of next-gen technologies like the Internet of Things (IoT), and Artificial Intelligence (AI) in application areas such as disease diagnosis, and livestock monitoring has been influencing the smart agriculture landscape. Fairfield Market Research in its latest upcoming report intends to provide a detailed analysis of how the growth of global smart agriculture market will unfold over the course of next few years. Over the past few decades, the global population has been expanding, consequently aggravating the need for higher agricultural yield. In this backdrop, growing adoption of technology-enabled agricultural practices is expected to offer a strong impetus to smart agriculture market.

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Technology Penetration in Agriculture Uplifts Market Growth Outlook

Deepening penetration of new-age technology aids based on cloud, AI, robotics, IoT, and RFID further holds the promise to elevate prospects of smart agriculture. The role of governments will remain critical to the market build-up as government initiatives tend to encourage technology adoption across agriculture industry. Increasing adoption of precision farming practices is projected to account for a significant surge in smart agriculture market growth. The perceived benefits of precision farming, i.e., enhanced agricultural productivity, prevention of soil degradation in cultivable lands, effective resource utilisation, and reduced agricultural production costs will continue to fuel inclination toward smart agriculture practices. This is likely to accelerate market growth in future.

Opportunities to Arise with 5G Rolling out Worldwide

The rise of 5G will enable the cellular technology with high bandwidth to cast a significant impact on smart agriculture. With a greater number of farmers realising the significance of data generated by smart agriculture practices that can be leveraged for making informed business decisions, adoption will continue to see an uptrend. Growing use of 5G in tandem with IoT, agricultural businesses continue to seek facilitated applications like data aggregation, predictive analytics, animal monitoring and tracking, video-equipped drone operations, and autonomous vehicle monitoring.

North America Dominant, Asia Pacific Emerges Lucrative

The role of North America Climate Smart Agriculture Alliance (NACSAA) will remain instrumental to the build-up of smart agriculture market in North America because of its sustained focus on educating cultivators about enhanced productivity. A greater number of tech start-ups mushrooming across the region, especially in the US, has been paving the way for market growth here over the recent past. North America is likely to continue holding the dominating position in smart agriculture market throughout the course of next few years. Collaborative activities of agricultural organisations will further uphold the prospects of smart agriculture market in future. On the other hand, although adoption across the Asian subcontinent continues to be in its nascent phase, the region is expected to exhibit high growth potential on the back of favourable government initiatives. Japan, and India are likely to be at the forefront of adoption.

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Key Players in Global Smart Agriculture Market
The report would focus on the detailed competitive analysis of some of the leading players driving competition in global smart agriculture market space. A few of the profiled companies would include
• CropMetrics,
• AGCO Corporation,
• Ag Leader Technology,
• DeLaval, Granular Inc., and
• The Climate Corporation.
• Other

Global Smart Agriculture Market is Segmented as Below:

By Type
• Precision Farming
• Livestock
• quaculture
• Greenhouse

By Component
• Solution
o Hardware
o HVAC System
o LED Grow Lights
o Valves & Pumps
o Sensors & Control Systems
o Others
o Software
o Network Management
o Network Management
o Smart Water Management
o Irrigation Management

• Service
o Consulting
o System Integration and Deployment
o Support and Maintenance

• Connectivity technology
o Cellular IoT
o LoRa
o NB-IOT
o Global Navigation Satellite System (GNSS)
o Wi-Fi
o SIGFOX
o Wireline
o Wireless Personal Area Network (WPAN)
o Others

By Farm Size
• Small
• Medium
• Large

By Region
• North America
• Europe
• Asia-Pacific
• LAMEA

For More Information Visit: https://www.fairfieldmarketresearch.com/report/smart-agriculture-market

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