Smart Harvest Market to Witness Huge Growth
Increasing profitability in farming through the implementation of advanced technologies is driving the demand for the smart harvest market. Furthermore, growing labor issues in the agricultural field due to higher costs and availability is also projected to influence the smart harvest market significantly. Moreover, government initiatives to propel the adoption of smart harvest systems in the developed nation is expected to fuel the smart harvest market. The evolving integration of artificial intelligence and big data in farming is projected to generate untapped opportunities for the market participants.
The harvest is the time when the farmers reap the crop what they have sown. It is the time of year when vegetables are ripe and ready to be gathered. Smart harvest refers to the uses of various smart devices in the agricultural field that increases the production and thus reduce the overall loss. Smart harvest involves the implementation of artificial intelligence (AI), GPS, cloud machine learning, satellite imagery and advanced analytics in the agricultural sector.
The global smart harvest market is segmented on the basis of site of operation, crop type and component. Based on site of operation, the market is segmented as on-field, greenhouses and indoor farming. On the basis of the crop type the market is segmented into vegetables and fruits. On the basis of the component the market is segmented into hardware and software.