Smart Farming Market Size, Share | Growth Analysis, Report 2030

According to Precision Business Insights (PBI), the latest report, the market value of the Smart Farming Market size was valued at USD 12.8 billion in 2023 and is poised to growing at an 11.2% CAGR from 2024 to 2030. The primary factors that drive the market are the growing awareness about smart tools in various farming such as aquaculture, agriculture, and others, rising IoT and artificial intelligence understanding among farmers, and increasing demand for smart farming tools in the market.

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The Smart Farming Market Detailed Segmentation:
Based on the farming type, the market is segmented into the following:
• Pig Farming
• Precision Farming
• Livestock Monitoring
• Fish Farming
• Smart Greenhouse
• Others

Based on the software, the market is segmented into the following:
• Web Based
• Cloud Based

Based on the end user, the market is segmented into the following:
• System Integration and Consulting
• Support and Maintenance
• Connectivity Services
• Managed Services
• Professional Services

Based on the software, the market is segmented into the following:
• Network Management
• Agriculture Asset Management
• Supervisory Control and Data Acquisition
• Logistics and Supply Chain Management
• Smart Water Management
• Others

Based on the software, the market is segmented into the following:
• Yield Monitoring
• Field Mapping
• Crop Scouting
• Weather Tracking and Forecasting
• Irrigation Management
• Farm Labour Management
• Others

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IoT and Artificial Intelligence to Dominate the Smart Farming Market
Based on software type, IoT and artificial intelligence are cloud-based software that hold the highest market share. The major factor for the rise of this segment is that the implementation of smart farming tools benefits farmers in farming, new technological adoption such as artificial intelligence, and the Internet of things gives high productivity, and the growing population toward protein-rich diet, as a result increase adoption in crop cutting edges technologies. Smart fishing farming solves the problems of aquaculture by providing water pH level and turbidity of the water, to maintain the standard environment for fish.

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific region is expected to grow significantly in the global anti-blue ray myopia lens size over the forecast period. The Smart Farming Market in the Asia Pacific contributing significant revenue share in 2022, is predicted to increase rapidly. It is attributed to the increasing awareness and promotion of smart farming tools regulating the market, the growing government support for smart farming leading to new consequences in the region, and rising awareness among the cultivators are projected to raise high demand in farming. China and India are emerging economic countries for smart farming government initiations regulate the adoption of smart technology in the region.

Strategic New Product Launches, Mergers, Acquisitions, And Agreements Are The Key Strategies Adopted By Market Players:
The Smart Farming Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

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Key players profiles in the Smart Farming Market report are Grownetics, Inc, Granular, Inc., TOPCON CORPORATION, Farmers Edge Inc., The Climate Corporation, Farmers Edge Inc., DICKEY-john, Conservis, Ag Leader Technology, Cropin, Raven Industries, Inc., Iteris, Inc., Reed Business Information Ltd, AgJunction, Trimble Inc, Deere & Company, Mothive CropX inc., and Ceres Imaging, Inc

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This release was published on openPR.