Press release
Increasing Penetration of Internet of Things in Agriculture to Improve Overall Farm Yield is Likely to Drive the Global Smart Agriculture Solution Market at 11.5% CAGR during the Forecast Period, Research Nester
The global smart agriculture solution market is segmented into component solution and region. Component segment is further sub-segmented into hardware, software & services and others. Likely, hardware segment accounted for major share of overall smart agriculture solution and is expected to witness significant growth during the forecast period. Rise in demand for GPS enabled devices and agricultural drones are also the major factors which are likely to allow hardware segment to continue its dominance
over the forecast period.
Global Smart Agriculture Solution Market is anticipated to grow at a robust compound annual growth rate (CAGR) of 11.5% during the forecast period. The global smart agriculture solution market stood at revenue of around USD 10.2 Billion in 2016 and is projected to reach at a valuation of USD 38.1 Billion by the end of 2024. Further, growing adoption of smart agricultural machineries and increasing investment by leading players in order to help farmers to boost their farm yield are some of major factors which are likely to fuel the growth of global agriculture solution market.
The automated machinery guidance control segment by solution is anticipated to witness remarkable growth during the forecast period. Rising need to guide smart agricultural machineries in crop fields is likely to boost the growth of smart agriculture segment in near future.
Request Report Sample @
https://www.researchnester.com/sample-request/2/rep-id-401
Technological advancements in agriculture sector
Growing adoption of advanced technology in farming such as agricultural drones, sensors and climate monitoring system is a key factor which has led the leading players to invest high in technological advancement of smart agriculture solution. Furthermore, growing providence of data services to the farmers in order to improve their farm productivity is also driving the growth of global smart agriculture solution market.
Favourable government initiatives and programmes
Rising demand for food coupled with reducing arable land area are key reasons which have made government of different countries to begun convincing farmers and other agro-industrialists in terms of increasing their farm productivity. Additionally, favorable government initiatives in emerging economies to provide financial help to the farmers are also the major factors which are likely to augment the demand for smart agriculture solution in near future.
However, lack of internet and wireless connectivity in rural areas are major challenges towards the growth of smart agricultural sector.
The report titled “Smart Agriculture Solution Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global smart agriculture solution market in terms of market segmentation by component, by solution and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Request Table Of Content @
https://www.researchnester.com/toc-request/1/rep-id-401
This report also provides the existing competitive scenario of some of the key players of the global smart agriculture solution market which includes company profiling of Vodafone Group PLC, Trimble Navigation Ltd., Cisco Systems Inc., Salt Mobile SA, Accenture PLC, Deere & Co., IBM Corporation, Epicor Software Corporation, Hexagone AB. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart agriculture solution market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
For More Info Ask The Analyst @ https://www.researchnester.com/ask-the-
analyst/rep-id-401
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
Phone: +91 120 660 5495
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 Increasing Penetration of Internet of Things in Agriculture to Improve Overall Farm Yield is Likely to Drive the Global Smart Agriculture Solution Market at 11.5% CAGR during the Forecast Period, Research Nester here
News-ID: 768199 • Views: …
More Releases from Research Nester Pvt Ltd
Vegan Food Market: Size is Expected to Surpass USD 91.83 billion by 2035
Research Nester, the global vegan food market size is predicted to expand at a CAGR of 11.8% between 2026 and 2035, on account of the rising awareness of people about fitness globally.
Request Free Sample Report @ https://www.researchnester.com/sample-request-6172
The Increasing Demand for Vegan Food Globally Will Increase the Global Market Share of Vegan Food Market
By the end of 2035, the vegan food sector will have grown significantly and appear extremely promising. Several…
U.S. Cogeneration Equipment Market Forecast to Exhibit Robust Growth During 2026 …
The U.S. cogeneration equipment market is poised for robust advancement throughout the forecast period from 2026 to 2035, driven primarily by the nation's growing focus on energy efficiency and decarbonization. Increasing regulatory emphasis on sustainable energy use, coupled with corporate commitments to reduce carbon footprints, is stimulating widespread adoption of combined heat and power (CHP) systems across industrial, commercial, and institutional sectors. The integration of cogeneration technologies aligns with the…
U.S. Coal Gasification Market Size is Expected to Witness Accelerated Expansion …
The U.S. coal gasification market is expected to witness robust expansion during the forecast period from 2026 to 2035, driven primarily by the nation's push toward cleaner energy conversion technologies and carbon utilization strategies. The growing emphasis on decarbonizing heavy industries and enhancing domestic energy security has positioned coal gasification as a pivotal pathway for transforming coal into cleaner synthesis gas, hydrogen, and chemical feedstocks. Advancements in carbon capture and…
U.S. Nuclear Fusion Market Size is Projected to Record Sustained Growth Through …
The U.S. nuclear fusion market is expected to experience strong growth throughout the forecast period from 2026 to 2035, driven primarily by technological breakthroughs in plasma confinement and increasing public-private investment in next-generation energy systems. As the country accelerates its transition toward low-carbon and sustainable power solutions, fusion energy has emerged as a promising alternative to traditional nuclear fission. Innovations in superconducting magnets, laser systems, and artificial intelligence-driven plasma control…
More Releases for Agriculture
Indonesia Agriculture Market, Indonesia Agriculture Industry, Agriculture Grains …
Indonesia is world’s leading producer of palm oil as well as a leading global producer of other commodities such as rubber, cocoa, and coffee. Indonesia is a rich country in fertile land ideal for growing different ranges of crops for both export & domestic consumption. However, these are export crops that have come to direct land use and employment to take the advantage of peaks in global commodity prices. In…
Morocco Agriculture Market, Morocco Agriculture Industry, Agriculture Grains Mar …
Morocco is tremendously dependent on its agricultural sector. Moroccan agricultural production consists mainly of potatoes, sugar beet, oranges, wheat, tomatoes, olives, and olive oil. The significance of agriculture sector in the economy of Morocco and other countries is measured as the worth added of the agricultural sector as percent of Gross domestic product (GDP). Agriculture includes hunting, forestry, and fishing, as well as the cultivation of crops & livestock production.
According…
Philippines Agriculture Market, Philippines Agriculture Industry, Agriculture Gr …
The Philippines is primarily an agricultural country. Most populace lives in rural areas and support themselves through agriculture. Country’s agriculture sector is sub-divided into 4 key sub-sectors: fisheries, farming, livestock, and forestry that employ approximately 39.8 % of the labor-force and contribute 20 & of GDP. The fisheries sector is categorized into 3 sub-sectors: municipal, commercial, and aquaculture (cultivation of natural produce of bodies of water). Growing crops for the…
Zimbabwe Agriculture Market, Zimbabwe Agriculture Industry, Agriculture Grains M …
The Agriculture has always been of prodigious importance for Zimbabwe, as feeding the world’s largest populace is not a convenient task. The Zimbabwe government has been assisting the agriculture industry with a number of policies, exasperating to stabilize the output and seeking manners to ensure the sector is increasing healthily and sustainably. The Zimbabwe federal government has been greatly supportive of agriculture for decades, and there is wide-ranging political consensus…
Colombia Agriculture Market, Colombia Agriculture Industry, Agriculture Dairy Ma …
Agriculture has always been of excessive importance for the Colombia, as feeding the world’s prime population is not a calm task. The Colombia government has been associating the agriculture industry with a quantity of policies, vexing to stabilise the output and in search of ways to confirm the sector is growing healthily and sustainably. The Colombia federal government has been highly supportive of agriculture for decades, and there is wide-ranging…
Turkey Agriculture Market, Turkey Agriculture Industry, Agriculture Grains Marke …
Turkey’s agricultural economy is among the highest ten within the world, with half of the country consisting of agricultural land and nearly a quarter of the population utilized in agriculture. Turkey is a major producer of wheat, sugar beets, milk, poultry, cotton, tomatoes and different fruits and vegetables, and is that the high producer within the world for apricots and hazelnuts. As inputs to animal feed for its meat and…
