Press release
Smart Agriculture Solution Market with Growing CAGR of 12.90% to reach USD 42.06 Billion by the end of 2029, Size, Share, Growth, Demand and Opportunity Outlook
Revenue analysis underscores the Market robust performance, with revenue forecasts pointing towards a positive outlook. Insights from the research report highlight key challenges, including regulatory hurdles and economic uncertainties, which shape industry dynamics. Despite these challenges, the market presents ample opportunities for companies to capitalize on emerging trends and expand their market presence. Future scope emphasizes the potential for expansion into new geographical regions and product segments, supported by strategic investments in research and development.
Data Bridge Market Research analyses that the Global Smart Agriculture Solution Market which was USD 14.11 Million in 2021 is expected to reach USD 42.06 Billion by 2029 and is expected to undergo a CAGR of 12.90% during the forecast period of 2021 to 2029
Explore Further Details about This Research Smart Agriculture Solution Market Share Report https://www.databridgemarketresearch.com/reports/global-smart-agriculture-solution-market
This Smart Agriculture Solution Market report Segments Market growth rate, market shares, market size is also being highlighted in this report.
Global Smart Agriculture Solution Market, By Component (Hardware, Software and Services), Application (Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology and Premises Surveillance) - Industry Trends and Forecast to 2029.
Prominent market player analysis-
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Smart Agriculture Solution Market report provides the information of the Major Key Players in the market their business strategy, financial situation etc.
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),and Aker Solutions (Norway), among others
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.
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.
Opportunities
Furthermore, use of unmanned aerial vehicles or drones in agricultural farms and popularity of land-based recirculating aquaculture systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in focus on integration of smartphones with agricultural hardware and software applications will further expand the market.
Core Objective of Smart Agriculture Solution Market:
Every firm in the Smart Agriculture Solution Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.Size of the Smart Agriculture Solution Market and growth rate factors.
Important changes in the future Smart Agriculture Solution Market.
Top worldwide competitors of the Smart Agriculture Solution Market.
Scope and product outlook of Smart Agriculture Solution Market.
Developing regions with potential growth in the future.
Tough Challenges and risk faced in Smart Agriculture Solution Market.
Global Smart Agriculture Solution Market top manufacturers profile and sales statistics.
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