Press release
Smart Agriculture Solution Market Size to Surpass USD 42.06 Billion by 2029 at a CAGR 12.90%, Share, Growth, Demand, Global Trends, Challenges and Competitive Outlook
Explore Further Details about This Research Smart Agriculture Solution Market Report https://www.databridgemarketresearch.com/reports/global-smart-agriculture-solution-market
Smart agriculture is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations.
Global Smart Agriculture Solution Market was valued at USD 14.11 billion in 2021 and is expected to reach USD 42.06 billion by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029. "Hardware" accounts for the largest application segment in the respective market owing to the increase in adoption of drones in agricultural activities for enhancing product activity. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Smart agriculture tools are used in precision farming for enhancing efficiency of farm, and helps farmers in increasing their crop yields. Yield monitoring is one of the major application of precision farming that assists in identifying the field variability information, such as soil properties, fertilizers and weather conditions.
Some of the major players operating in the smart agriculture solution market are
Grownetics, Inc. (US)
Auroras s.r.l. (Italy)
Granular, Inc. (San Francisco)
TOPCON CORPORATION (Japan)
The Climate Corporation (US)
Farmers Edge Inc (Canada)
DICKEY-john. (US)
Conservis (US)
Ag Leader Technology. (US)
Raven Industries, Inc. (US)
Iteris, Inc. (US)
Reed Business Information Ltd (US)
AgJunction (Canada)
Trimble Inc. (US)
Deere & Company. (US)
Mothive (US), CropX inc. (US)
Ceres Imaging, Inc (US)
GAMAYA (Switzerland)
AgriData Incorporated. (US)
AgEagle Aerial Systems Inc. (US)
Aker Solutions (Norway)
Drivers
Use of Modern Technologies in Agricultural Products
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of smart agriculture solution market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
Availability of Low-Cost Sensors
The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.
Concerns Regarding Soil Erosion
The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.
Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the smart agriculture solution market.
Global Smart Agriculture Solution Market Scope and Market Size
The smart agriculture solution market is segmented on the basis of component, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Hardware
Software
Services
Application
Automated Machinery Guidance Control
Obstacle Detection
Tractor Collision
Machinery Safety and Monitoring
Variable Rate Technology
Premises Surveillance
Key Insights Of Smart Agriculture Solution Market Report
The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
This study presents the analytical depiction of the Smart Agriculture Solution Market with the current trends and future estimations to determine the imminent investment pockets
The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Smart Agriculture Solution Market
The forecast period of the market is assessed from 2024 to 2030 to highlight the Smart Agriculture Solution Market growth scenario.
Porter's five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.
The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.
Browse Related Reports:
https://marketsnewsupdate.blogspot.com/2024/02/smart-agriculture-solution-market.html
https://marketsnewsupdate.blogspot.com/2024/02/exclusive-insights-on-smart.html
https://marketsnewsupdate.blogspot.com/2024/02/predictive-maintenance-market-analysis.html
https://marketsnewsupdate.blogspot.com/2024/02/indoor-farming-technology-market-size.html
https://marketsnewsupdate.blogspot.com/2024/02/membranes-market-analysis-by-capital.html
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.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 Size to Surpass USD 42.06 Billion by 2029 at a CAGR 12.90%, Share, Growth, Demand, Global Trends, Challenges and Competitive Outlook here
News-ID: 3385887 • Views: …
More Releases from Data Bridge Market Research
Vaccine Adjuvants Market to Observe Highest Growth of USD 2,950.57 million with …
Vaccine Adjuvants Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Client or business can get aware of the impact of opportunities that are offered by the market and hence design sustainable and competitive strategies in times of rapid development. A range of definitions and classification of the Vaccine Adjuvants…
Nutraceutical Excipients Market to Observe Highest Growth of USD 3,685.86 millio …
Nutraceutical Excipients Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Analysis and estimation of important industry trends, market size, and market share are mentioned in the market report. The usefulness of SWOT analysis and Porter's Five Forces analysis in generating market research report makes it preferable by the businesses…
Benzene Market to Observe Highest Growth of USD 62.55 billion with an Excellent …
Data Bridge Market research has recently released expansive research titled Global Benzene Market guarantees you will remain better informed than your competition.
Benzene Market report gives explanation about the different segments of the market analysis which is demanded by today's businesses. Key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the industry. All the market aspects are estimated and analysed…
Breast Cancer Liquid Biopsy Market to Observe Highest Growth of USD 278.07 milli …
Global Breast Cancer Liquid Biopsy Market study by Data Bridge Market Research provides details about the market dynamics affecting the Breast Cancer Liquid Biopsy market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. Breast Cancer Liquid Biopsy market analysis report is the high quality report having in-depth market research studies.
For dominating the market or industry…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide.
This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.
The study objectives of this report are: To study and forecast the market size of Smart…
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices.
The global IoT device management market is…
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry.
“The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to…
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally.
Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as…
