openPR Logo
Press release

Smart Agriculture Solution Market expected to grow at a CAGR of 11.2% during 2016-2026

07-25-2017 08:17 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Smart Agriculture Solution Market expected to grow at a CAGR

Years from now, when the world’s gross population swiftly surpasses 10 billion, feeding these people will become the most critical challenge for all nations. Averting even a slight chance for such impending global starvation, governments from around the world have begun compelling farmers & agro-industrialists towards boosting their farm yield. And, a steadfast adoption of multiple smart agriculture solutions is aptly serving this purpose. The demand for smart agriculture solutions is also gaining traction among farming sectors riddled with soil & water degradation. A worldwide adoption of smart agriculture solutions, thus, ensures stability in global crop productivity and increases presence of sustainable cropland management practices.

Apropos its latest research report, Future Market Insights presently values the global market for smart agriculture solutions at US$ 13,785 Mn. The report further projects that by the end of 2026, nearly US$ 40,000 Mn worth of revenues will be amassed by global smart agriculture solution market – registering an impressive CAGR of 11.2%.

According to the report, titled “Smart Agriculture Solutions Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” adoption of smart agriculture solutions will keep surging on the account for wider availability of low-cost sensors, rising need to eliminate soil erosion from intensive farming, and soaring adoption of M2M-based monitoring & tracking systems. Although, companies providing smart agriculture solutions are still struggling to deploy their offerings due to lack of internet and wireless connectivity in farmlands & rural areas.

Ask For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-939

Global Smart Agriculture Solutions Market: Key Players & Dominant Regions

The report profiles key players in the global smart agriculture solutions market, which include, Dirt Road Data, Inc., AgJunction LLC, Iteris, Inc., Agribotix LLC, AgriSight Inc., CropMetrics LLC, Granular, Inc., Site-Specific Technology Development Group, Inc., SemiosBio Technologies Inc., and Trimble Navigation Ltd. Since these companies are based across the US and Canada, the report has unmistakably deemed North America as the world’s largest smart agriculture solutions market. In 2016, more than 50% of global smart agriculture solution revenues was accounted by North America. Nonetheless, the adoption of smart agriculture solutions will gain traction in the Asia-Pacific excluding Japan region. Through 2026, the APEJ smart agriculture solution market is anticipated to exhibit revenue growth at 13.7% CAGR.

As the world showcases active implementation of smart agriculture solutions, tech companies and component manufacturers are also partaking in the market’s growth. Hardware and component parts required for installing smart agriculture solutions are comparatively bringing more revenues than smart farming software. In 2017 and beyond, half of global smart agriculture solution revenues will be accounted by global sales of hardware components. Among which, more than US$ 10,000 Mn worth of GPS-enabled ranging systems will be consumed globally by the end of forecast period. Likewise, the demand for drones will also gain traction, registering a value CAGR of 12.2%.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-939

Based on the type of service, climate information services will gain rampant adoption, and the market will also exhibit speedy growth in demand for system integration, maintenance and consulting services. Key findings in the report also indicate that controlling the guidance of automated machinery in cropfields will be the largest application of smart agriculture solutions. Correspondingly, adoption of smart agricultural solutions is expected to gain momentum in tractor collision & obstacle detection purposes, and for variable rate technology applications.

View Full Report Here http://www.futuremarketinsights.com/reports/smart-agriculture-solution-market

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Agriculture Solution Market expected to grow at a CAGR of 11.2% during 2016-2026 here

News-ID: 639337 • Views: 141

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small