Press release
Global Smart Farming Market Size and Forecast to Grow at a CAGR of 12.24% By 2021
Smart farming is the application of modern information and communication technologies (ICT) in agriculture to increase crop production. In smart farming, most modern systems are used for gaining continuous sustainability, along with achieving the best of quality, quantity, and return on investment. Smart farming uses a range of technologies that include global positioning system (GPS), sensors, controllers, light emitting diode (LED) lights, software, and so on to enhance the yield of crops.
Technavios analysts forecast the global smart farming market to grow at a CAGR of 12.24% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global smart farming market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Smart Farming Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
AGCO
Ag Leader Technology
DICKEY-john
John Deere
Raven Industries
Other prominent vendors
Auroras
Farmers Edge
Iteris
PrecisionHawk
Precision Planting
Trimble
Market driver
Availability of low-cost cloud services encourages farmers to adopt smart farming
For a full, detailed list, view our report
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Market challenge
High initial investment in smart farming technology
For a full, detailed list, view our report
Market trend
Big data in smart farming
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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