Smart Farming Market Share by Growth Size, Driving Factors, Key Segments and Regional Analysis

Increasing pressure on the global food supply chain due to the fast-growing population is driving the demand for the market.

The Smart Farming Market intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Smart Farming industry.

An increasing population is making farmers face tremendous pressure to increase crop production either by making more land available to grow crops or by implementing newer techniques, such as smart farming and vertical farming. Modern farming methods face numerous obstacles, such as climate change, high labor costs. These drawbacks can be overcome by using technologies such as indoor LED farming, which creates a nature-like condition to help farmers meet the increasing demand for food. 

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Top Companies Smart Farming Market and Profiled in the Report are:

Deere Company, Topcon Positioning Systems, Trimble, Inc., DeLaval, Antelliq, Heliospectra, Afimilk Ltd., InnovaSea Systems, AKVA group, and Nexus Corporation, among others.

Key Highlights of Report

  • Increased adoption in the automation and control systems, such as GNSS/GPS receivers, guidance, and steering systems, irrigation controllers, has created a demand for the smart farming practice. A surge in the deployment of artificial intelligence and IoT has driven driving the demand for the hardware in the offering segment.
  • Precision Farming is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance productivity and crop yield.
  • Smart greenhouses, equipped with communication technologies and modern sensors, capture and deliver information on the crops and surrounding 24/7. The collected data helps in removing abnormalities and bottlenecks.
  • In addition to the competitive pricing of the connected products, the introduction of new farming technologies would likely affect regional demand on South American markets.

Browse the complete Global Smart Farming Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/smart-farming-market

Objectives of the Report:

  • Study of the global Smart Farming market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Smart Farming market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Smart Farming market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Farming market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Emergen Research has segmented the global Smart Farming Market on the basis of farming type, offerings, application, and region:

Farming Type Outlook (Revenue, USD Billion; 2017-2027)

  • Precision farming
  • Livestock monitoring
  • Smart greenhouse
  • Others

Offerings Outlook (Revenue, USD Billion; 2017-2027)

 

  • Hardware
  • Software
  • Services

 

Application Outlook (Revenue, USD Billion; 2017-2027)

 

  • Precision Farming Application
  • Livestock Monitoring Application
  • Precision Aquaculture Application
  • Smart Greenhouse Application
  • Precision Forestry Application
  • Others

 

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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