Smart Farming Market is forecast to grow at a CAGR of 11.2 percent until 2029 I Maximize Market Research

Pune 7 Feb 2023: As per Maximize Market research, a global business research and consultancy firm, the total global market for "Smart Farming Market" was USD 10.68 Bn in 2021 and is expected to grow at a CAGR of 11.2 percent over the forecast period to reach USD 24.97 Bn by 2029.

Smart Farming Market Report Scope and Research Methodology

The report is a thorough analysis of the Smart Farming market which is equipped with key findings including pricing, investments, expansion plans, and physical presence in the Smart Farming market. A detailed analysis is conducted on the drivers, restraints, opportunities, and challenges of the Smart Farming market. Regional analysis of the Smart farming market is conducted at a local, global and regional level. The competitive analysis of the Smart Farming market includes information on the revenue, financial condition, portfolio, technological adoption, mergers and acquisitions, joint ventures, and strategic alliances of the major market participants, which are ranked by region.

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The bottom-up approach was employed to validate the market size and its estimation by different segments. The report includes primary as well as secondary data collection techniques. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, and marketing professionals were included in the primary methods. Secondary data includes official databases of various organizations and government sites, industry journals, white papers, annual and financial reports and press releases, etc.

SWOT analysis was conducted to access internal as well as external factors and the current and future potential of the market while PESTLE analysis was used to allow a systematic evolution of the business prospects, risks and new opportunities in the environment of smart farming market.

Smart Farming Market Dynamics

The smart farming market is driven by increasing IoT technologies, artificial intelligence in farming crop equipment methods, growing irrigation management systems and a growing population resulting in increasing demand for more food and crops. During the forecast period, the market is expected to be driven by increasing investment in human resources and growing demand for monitoring systems of the agriculture sector.

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Smart Farming Market Regional Insights

In 2021, North America dominated the largest market share accounting for 44.3 percent. The regional market growth is driven by increasing government initiatives to rising the agricultural industry and growing digital technologies for farm equipment and services. During the forecast period, Asia Pacific is expected to witness significant growth in the smart farming market due to adoption of advanced techniques for smart farming in the countries such as China and India.

Smart Farming Market Segmentation

By Farming Type

Precision Farming
Livestock Monitoring
Smart Greenhouse
Others

By Offering

Hardware
Software
Services

By Application

Irrigation Management
Yield Monitoring
Crop Scouting
Field Mapping
Weather tracking and forecasting
Inventory Management
Farm Labor Management

Smart Farming Market Key Players include:

John Deere
Trimble
Topcon Positioning Systems
DeLaval
AKVA
Antelliq
Afimilk
InnovaSea Systems
Heliospectra
LumiGroW
InnovaSea Systems
ABACO
Treemetrics
Raven Industries
AG Leader Technology
The Climate Corporation

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Table of Content for Smart Farming Market:

Global Smart Farming Market: Research Methodology

Global Smart Farming Market: Executive Summary
Market Overview and Definitions
Introduction to Global Residential Roofing Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Smart Farming Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Smart Farming Market Segmentation
Global Smart Farming Market, by Farming Type (2021-2029)
Global Smart Farming Market, by Offering (2021-2029)
Global Smart Farming Market, by Application(2021-2029)

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Regional Smart Farming Market(2021-2029)
Regional Smart Farming Market, by Farming Type (2021-2029)
Regional Smart Farming Market, by Offering (2021-2029)
Regional Smart Farming Market, by Application (2021-2029)
Regional Smart Farming Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Maximize Market Research is leading Consumer Goods and Services research firm, has also published the following reports:

Global Indoor Farming Robots Market - Industry Analysis and Forecast (2020-2027): Know more: https://www.maximizemarketresearch.com/market-report/global-indoor-farming-robots-market/63451/

Precision Farming Market: Global Industry Analysis and Forecast (2022-2029) : Know more: https://www.maximizemarketresearch.com/market-report/global-precision-farming-market/6669/

Global Crop Harvesting Robots Market (2021 to 2027): Know more: https://www.maximizemarketresearch.com/market-report/global-crop-harvesting-robots-market/148199/

Vertical Farming Market: Emerging Opportunities, Trends and Forecast Analysis (2022-2029):Know more: https://www.maximizemarketresearch.com/market-report/global-vertical-farming-market/15221/

Drip Irrigation Market: Industry Analysis and Forecast 2022-2029): Know more: https://www.maximizemarketresearch.com/market-report/global-drip-irrigation-market/23926/

Seeds Market: Global Industry Analysis and Forecast (2022-2029): Know more: https://www.maximizemarketresearch.com/market-report/global-seeds-market/111623/

Indoor Farming Market- Global Industry Analysis and Forecast 2022-2029): Know more: https://www.maximizemarketresearch.com/market-report/global-indoor-farming-market/110252/

Global Herbicide Safeners Market: Industry Analysis and Forecast (2021-2027): Know more: https://www.maximizemarketresearch.com/market-report/global-herbicide-safeners-market/100946/

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of Framing, Offering, Application and Region
Competitive Landscape - Profiles of selected key players by region in a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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