“Smart Agriculture” Changing the Landscape of Farming - Current Trends 2020 and Future Opportunities by 2025
Global smart agriculture market is expected to grow from US$ 11.30 billion in 2016 to US$ 30.01 billion by 2025 at a CAGR of 11.5% between 2017 and 2025.
Along with the rising trend of globalization, the people are getting more educated regarding healthy diet and thus the food and beverages industry is experiencing a sturdy shift in the food consumption pattern. More number of people today, have started including non-vegetarian food produces, which is subsequently leading to rising demand for smart agriculture market.
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The "Global Smart Agriculture Market Analysis to 2025" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Smart Agriculture market with detailed market segmentation by component, product, and geography.
Top Industry Players
AGCO Corporation, Ag Junction Inc., AG Leader Technology, Deere & Company, Raven Industries, Inc., Semiosbio Technologies Inc., SST Development Group, Inc., Teejet Technologies, Topcon Precision Agriculture and Trimble Navigation Limited, among others.
Key trend which will predominantly effect the smart agriculture market in coming year is upcoming technological advancement in this field. It is predicted that the upcoming technological advancements in this industry would enable the farmers to regulate the requirements of a crop at any explicit location and instant in a way that will be increasingly accurate, and from a distance. The companies that survive in the ecosystem would be on account of innovations and to support the development and adoption of smart agriculture techniques.
The future technological advancement in the smart agriculture is expected to ease out the lengthy procedures involved in crop production and also support in making the supply chain of smart agriculture market more effective. The needs and wants of customer increase each passing day and to meet such rapidly increasing demands, it has become very important to adopt technologies that provide better result in less time and cost.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Smart Agriculture market based on various segments. It also provides market size and forecast estimates from year 2017 to 2025 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Smart Agriculture market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The overall Smart agriculture market size has been derived using both primary and secondary source. The Smart agriculture market research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Smart agriculture market.
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· Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Smart Agriculture Market
· Highlights key business priorities in order to assist companies to realign their business strategies
· The key findings and recommendations highlight crucial progressive industry trends in the Smart Agriculture Market, thereby allowing players across the value chain to develop effective long term strategies
· Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
· Scrutinize in-depth Global market trends and outlook coupled with the factors driving the market, as well as those hindering it
· Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
· Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.