Press release
Smart Agriculture Market Size, Share, Growth and Trends, Report 2024-2031
Global Smart Agriculture Market reached USD 22.6 billion in 2023 and is expected to reach USD 35.4 million by 2031 growing with a CAGR of 5.8% during the forecast period 2024-2031.Advancements in both software and hardware technology are transforming agriculture, offering innovative methods to enhance efficiency and productivity. The integration of smart sensors, robotic automation, and digital data has paved the way for new agricultural techniques and applications. This technological revolution in smart agriculture is fueling the expansion of the global smart agriculture market. The growing demand for food, driven by population growth, is likely to attract more farmers to adopt smart agriculture solutions.
Additionally, the adoption of advanced technologies like the Internet of Things (IoT) and artificial intelligence (AI) is significantly contributing to market growth. The rising popularity of vertical farming is also emerging as a key growth factor for the smart farming market.
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Market Dynamics:
New Technology Introductions are Driving the Growth of the Global Smart Agriculture Market.
The implementation of technology in farm management enhances production while minimizing resource waste. Technologies like sensors, geographic information systems (GIS), artificial intelligence (AI), and the Internet of Things (IoT) are widely used in crop and livestock monitoring, enabling faster and more efficient data analysis. These advancements boost land fertility, increase profitability, maximize productivity, and lower farming costs, promoting sustainable agricultural practices and improving farmer profitability. Sensor technology and AI facilitate remote monitoring of growth patterns, weather conditions, soil health, and other critical aspects, making data collection and analysis more efficient and cost-effective. Additionally, agricultural robots are increasingly being employed for automated farm tasks such as soil maintenance, planting, fruit picking, harvesting, and irrigation, further streamlining farming processes.
Segment Covered in the Smart Agriculture Market:
By Product: Management Information System, Remote Sensing Systems/ Sensors, Geographic Information Systems- GIS, Spatial Decision Support Systems- SDSS, Yield Mapping.
By Application: Precision Farming, Independent Restaurants, Livestock Monitoring, Yield & Soil Monitoring, Agricultural Drone, Farm Management, Smart Greenhouse & Irrigation, Others.
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Key players involved in Smart Agriculture Market:
• AGCO
• Ag Leader Technology
• John Deere
• Raven Industries
• Precision Planting LLC
• Trimble
• DeLaval
• AgJunction
• Agribotix
• The Climate Corporation
Related Reports:
Fertilizer Market: https://www.datamintelligence.com/research-report/fertilizers-market
Agrifood Blockchain Market: https://www.datamintelligence.com/research-report/agrifood-blockchain-market
Bio Stimulants Market: https://www.datamintelligence.com/research-report/biostimulants-market
Regional Analysis:
The Smart Agriculture Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Smart Agriculture Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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