Smart Agriculture Solution Market Value Share, Analysis and Segments 2015-2025
Smart Agriculture Solution Market: Segmentation
Smart agriculture market is segmented on the basis of type, application and region. By type, smart agriculture solution market can be segmented into solution, service and hardware. Smart agriculture solution market can be further sub-segmented according to solution which includes mobility solution, remote monitoring solution, supply chain management solution, quality assurance solution, data analytics solution and connectivity solution. By service, smart agriculture solution market can be further sub-segmentedinto consulting, integration & implementation and maintenance. On the basis of hardware, smart agriculture market can be sub-segmentedinto display, receivers and sensors. Regionally, smart agriculture solution market can be segmented as North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia Pacific excluding Japan (APEJ) and Japan.
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Smart Agriculture Solution Market: Regional Outlook
The globalsmart agriculture solution market is expected to witness a healthy CAGR till 2025 due to growing popularity of smart agriculture solutions among farmers especially in developed countries like USA, France, Germany and others. Globally, among all the regions, North America dominate the smart agriculture solution market and is expected to account for the highest share followed by Western Europe over the projected period. Asia Pacific region is expected to reflect the highest CAGR during the forecast period.
Smart Agriculture Solution Market: Drivers
Persistent need for improved revenue margins in agriculture sector, coupled with introduction of connected agriculture solutions in recent years is driving the growth of smart agriculture solution market. Furthermore, increasing focus on farmer-technology integration services by government of emerging economies is further expected to fuel the growth of smart agriculture solution market during the projected period 2015-2025. However, lack of awareness across smallholder farmers in emerging economies such as India, China, Brazil and others regarding adoption of smart agriculture solutions is hindering the growth of smart agriculture solution market. Also, lack of communication infrastructure in rural areas of developing countries dependent on agriculture is further expected to deter the growth of connected agriculture market amidst the forecast period.
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Smart Agriculture Solution Market: Key Players
The key vendors in the smart agriculture solution marketinclude Vodafone Group PLC, Trimble Navigation Ltd., Cisco Systems Inc., Salt Mobile SA, Accenture PLC, Deere & Co., SAP SE, IBM Corporation, Epicor Software Corporation, Hexagon AB and others. Major players in the smart agriculture solution market follow the strategy of introducing innovative and cost-effective solutions to gain competitive edge. In addition, collaboration and strategic partnership are the other major strategies followed by the smart agriculture solution providers to outperform competitors.
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