Press release
Smart Agriculture Overall Solution Market Size to Surpass USD 21.12 billion to Expand at a CAGR of 10% in the 2023-2030 | Lead by Increasing Adoption of Drone Technology
Smart Agriculture Overall Solution Market
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The industrial Smart Agriculture Overall Solution segment accounted for the largest market share in 2022. The rise in demand-centricity within the industry acts collectively of the key factors driving the expansion of the global market. The study includes information on rising players, as well as the competitive landscape, revenue and world market share of the key manufacturers. The report contains qualitative and quantitative research on the Smart Agriculture Overall Solution market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (MandA), affiliations, collaborations, and contracts.
Profitable players of the Smart Agriculture Overall Solution market are:
Dirt Road Data
Iteris
CropMetrics LLC
Agribotix LLC
AgriSight
SemiosBio Technologies Inc.
Granular
Trimble Navigation Ltd.
Site-Specific Technology Development Group
AgJunction LLC
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Market Segmentation
The report on the Global Market identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making.
Product types of the Smart Agriculture Overall Solution industry are:
Hardware
Software
Services
Applications of this report are:
Precision Agriculture
Livestock Monitoring
Fish Farming
Intelligent Greenhouse
Other
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The market for Smart Agriculture Overall Solution has developed dramatically in recent years. However, the market saw a significant decline in 2020 due to the outbreak of the COVID-19 pandemic. The breakout of the COVID-19 pandemic has had a detrimental influence on the world economy, significantly affecting numerous sectors such as technology and Smart Agriculture Overall Solution industry. The epidemic has led to the introduction of lockdown restrictions and travel restrictions in several nations around the world, disrupting the supply chain of commodities and materials as well as market demand. Furthermore, industry restrictions, the closure of manufacturing sites, a decrease in production rate, cash flow constraints, and a lack of labour have resulted in a decrease in the cash flow margins of global market stakeholders.
Regional Analysis
The North America region witnessed a major 37% share. In order to grow crops more effectively, the agricultural sector in North America has embraced digital technologies that go beyond conventional farm equipment and services. Over the forecast period, the Smart Agriculture Overall Solution Market is anticipated to rise primarily as a result of government initiatives to improve agriculture methods in the region.
Germany's Smart Agriculture Overall Solution Market size was valued at USD 5.15 billion in 2022 and is expected to reach USD 7.78 billion by 2030, at a CAGR of 5.3% from 2023 to 2030. The country's R&D facilities as well as the pressing need to increase productivity were factors that led to the market's expansion. These factors included diminishing farm numbers, farm consolidations, and growing animal herd sizes.
China Smart Agriculture Overall Solution Market size was valued at USD 1.16 billion in 2022 and is expected to reach USD 1.72 billion by 2030, at a CAGR of 5.1% from 2023 to 2030. The market for smart agriculture in China is anticipated to expand quickly and sustainably as a result of rising demand for contemporary agricultural machinery and ongoing R&D and deployment of new technologies.
India's Smart Agriculture Overall Solution Market size was valued at USD 0.98 billion in 2022 and is expected to reach USD 1.57 billion by 2030, at a CAGR of 6.1% from 2023 to 2030. A National Association of Software and Services Companies report from 2019 claimed that there were more than 450 tech companies in India based on argi (NASSCOM).
Global Smart Agriculture Overall Solution Market Research FAQs
- What is the study period of this market?
- What is the growth rate of Smart Agriculture Overall Solution Market?
- What is Smart Agriculture Overall Solution Market size?
- Which region has highest growth rate in Smart Agriculture Overall Solution Market?
- Which region has largest share in Smart Agriculture Overall Solution Market?
- Who are the key players in Smart Agriculture Overall Solution Market?
The Smart Agriculture Overall Solution market research report contains the following TOC:
1 Report Overview
1.1 Study Scope
2 Global Growth Trends
2.1 Global Market Perspective (2017-2030)
2.2 Growth Trends by Regions
2.3 Global Industry Dynamic
3 Competition Landscape by Key Players
3.1 Global Top Players by Revenue
3.2 Global Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Smart Agriculture Overall Solution Revenue
4 Global Breakdown Data by Provider
4.1 Historic Market Size by Provider (2017-2023)
4.2 Forecasted Market Size by Provider (2023-2030)
5 Breakdown Data by End User
5.1 Historic Market Size by End User (2017-2023)
5.2 Forecasted Market Size by End User (2023-2030)
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix…
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