Press release
Rural Activities Global Market Report 2024 - By Demand, Growth, Key Drivers, Report, Forecast To 2033
The rural activities market has demonstrated robust growth, surging from $2,489.52 billion in 2023 to $2,686.44 billion in 2024, marking a noteworthy compound annual growth rate (CAGR) of 7.9%. The positive momentum is expected to persist, propelling the market to $3,625.1 billion by 2028, maintaining a CAGR of 7.8%.Government Initiatives as Catalysts for Growth:
Anticipated to be a driving force, government initiatives are set to propel the expansion of the rural activities market. These initiatives aim to enhance the quality of life and economic opportunities in rural areas by investing in critical infrastructure, high-speed internet access, policy recommendations, rural competitiveness and resilience, and transportation infrastructure. Notably, the United States Agency for International Development launched a $50 million Rural Competitiveness and Resilience Activity (RCRA) in October 2022, focusing on empowering local agricultural groups, supporting women and young farmers, and fostering a conducive environment for private sector investment.
Rising Drone Adoption Reshaping Rural Activities:
The escalating usage of drones is a key driver for the growth of rural activities. Drones, employed for autonomous or remote-controlled aerial operations, play a pivotal role in monitoring rural areas, including crop growth, weed identification, water presence, and livestock surveillance. This technology aids farmers in identifying potential issues and taking corrective measures. The global drone market, valued at $43 billion in 2022, is projected to grow at a CAGR of 21.5%, reaching $43.35 billion by 2025.
Explore the Global Rural Activities Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1885&type=smp
Major Industry Players and Technological Impact:
Leading companies in the rural activities market include Land O'Lakes Inc., Nippon Suisan Kaisha Ltd., and Maruha Nichiro Corporation. These companies contribute to the market's growth by leveraging technological advancements in areas such as drone technology and precision agriculture.
Revolutionizing Fishing with Drone Technology:
The application of drone technology is revolutionizing fishing, making it more accessible and efficient than traditional methods. Drones are utilized to reach spots inaccessible to individuals, facilitating long-line fishing and multiple baited hooks deployment offshore. Various companies, including Envirobotics and Splash Drone, are contributing to the development of drone technology tailored for fishing purposes.
Innovative EHR Service Enhancing Rural Healthcare:
Major players in the rural activities market are innovating healthcare services for rural populations. OCHIN Inc. introduced OCHIN Epic, a fully hosted and customized instance of Epic practice management and electronic health record (EHR) solutions. Launched in October 2023, OCHIN Epic focuses on improving patient health, streamlining clinical workflows, and connecting communities, particularly in rural and underserved areas.
Global Regional Dynamics:
Asia-Pacific emerges as the largest region in the rural activities market, closely followed by North America. The comprehensive market report spans regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Segmentation Overview:
The rural activities market covered in this report is segmented -
1) By Type: Fishing, Hunting And Trapping, Forestry And Logging, Agriculture And Forestry Services
2) By Offering: Hardware, Software, Services
3) By Application: Agriculture, Forestry, Other Applications
Subsegments Covered: Fishing, Hunting And Trapping, Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products, Crop Production Services, Animal Production Services, Forestry Services
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/rural-activities-global-market-report
Rural Activities Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Rural Activities Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on rural activities market size, rural activities market drivers and trends, rural activities market major players, rural activities market competitors' revenues, rural activities market positioning, and rural activities market growth across geographies. The rural activities market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Fishing, Hunting And Trapping Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/fishing-hunting-and-trapping-global-market-report
Fishing Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/fishing-global-market-report
Forestry And Logging Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/forestry-and-logging-global-market-report
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