Smart Farming Market reached US$ 11.12 billion in 2022 and is expected to reach US$ 22.45 billion by 2031 - AgJunction Inc., Deere & Company, Afimilk Agricultural Cooperative Ltd.

The Global Smart Farming Market reached US$ 11.12 billion in 2022 and is expected to reach US$ 22.45 billion by 2031, growing with a CAGR of 9.1% during the forecast period 2024-2031.

Smart Farming Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Smart farming integrates advanced technologies like IoT, AI, drones, and sensors to enhance agricultural productivity and sustainability. It allows farmers to monitor soil health, weather, crop conditions, and machinery in real-time. Data-driven decisions lead to optimized resource use, reduced waste, and increased yield. Smart farming supports precision agriculture and contributes to food security. It plays a crucial role in the future of sustainable farming and agri-tech innovation.

List of the Key Players in the Smart Farming Market:

XAG, Ag Leader Technology, Inc., AgJunction Inc., Deere & Company, Afimilk Agricultural Cooperative Ltd., DeLaval, AKVA Group, Aquabyte Inc., BouMatic LLC, and InnovaSea Systems, Inc.

Industry Development:

❁ In March 2023, Pepsico partnered with Cropin, a leading global agri-tech company, to develop a crop and plot-level predictive intelligence model aimed at helping farmers in India maximize potato yields and quality. This initiative, branded under Pepsico's "Lay's," features functional dashboards accessible via user-friendly mobile apps and is currently being piloted in demo farms in Gujarat and Madhya Pradesh.

Growth Forecast Projected:

The Global Smart Farming Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Smart Farming Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Smart Farming Market:

By Agriculture Type: Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse,Others

By Offering: Hardware, Monitors, Controllers, Sensors, Software, Web Based, Cloud Based, Service, System Intergration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, Professional Services

By Solution: Network Management, Agriculture Asset Management, Smart Water Management, Logistics and Supply Chain Management, Others

By Farm Size: Small Farms, Medium Farms, Large Farms

By Distribution Channel: Company Stores, E-Commerce, Specialty Stores, Others

By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Feeding Management, Milk Harvesting, Fish Tracking, Others

By End-User: Livestock, Agriculture, Aquaculture

Regional Analysis for Smart Farming Market:

The regional analysis of the Smart Farming Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Smart Farming market?

➠ Who are the leading manufacturers in the global Smart Farming industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Smart Farming industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Smart Farming market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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