Press release
Smart Agriculture Market 2023 : Trends, Business Growth And Major Driving Factors | Ag Leader Technology, AGCO Corporation, AgJunction Inc., John Deere, DeLaval, AgEagle Aerial Systems Inc
Smart Agriculture Global Market Report
The Business Research Company's Smart Agriculture Global Market Report 2023 identifies the Rising pressure on the food supply system due to the rapidly growing population is expected to propel the smart agriculture market going forward. Food supply systems are made up of all the individuals and interactions that take place along the food value chain, from the input supply to the production of crops, livestock, fish, and other agricultural products to the production, processing, wholesale, retail, and food preparation for consumption and disposal. By enabling an effective and equitable flow of information and thereby promoting better decision-making, smart farming provides a crucial link between all participants in the food supply chain.
The global smart agriculture market size is expected to grow from $13.06 billion in 2022 to $14.69 billion in 2023, at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart agriculture market size is expected to grow to $22.83 billion in 2027 at a CAGR of 11.7%.
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Major players in the smart agriculture market are Ag Leader Technology, AGCO Corporation, AgJunction Inc., John Deere, DeLaval, AgEagle Aerial Systems Inc., Trimble Inc., Argus Control Systems Limited, Grownetics Inc., Keylabs Consulting Services, CLAAS KGaA, Topcon Corporation, AKVA Group, Afimilk Ltd., Innovasea Systems Inc., and Farmers Edge Inc.
A key trend in the Smart Agriculture market includes the Technological advancement is a key trend in the smart agriculture market. Major companies operating in the market are developing innovative technologies, including livestock biometrics, infrastructure health sensors, agricultural robots, RFID, biometrics, and GPS, to assist farmers in automatically obtaining information on livestock in real-time to sustain their position in the market.
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The Smart Agriculture market is segmented -
1) By Offering: Hardware, Software, Services
2) By Farm Size: Small, Medium, Large
3) By Application: Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Smart Agriculture market.
The Business Research Company's "Global Smart Agriculture Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart Agriculture Market Include:
1. Executive Summary
2. Smart Agriculture Market Characteristics
3. Smart Agriculture Market Trends And Strategies
4. Smart Agriculture Market - Macro Economic Scenario
5. Smart Agriculture Market Size And Growth
……
27. Smart Agriculture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Agriculture Market
29. Smart Agriculture Market Future Outlook and Potential Analysis
30. Appendix
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