HOME › Press Releases › Smart Agriculture Market worth 18.45 Billion USD by 2022
Smart Agriculture Market worth 18.45 Billion USD by 2022
According to the new market research report "Smart Agriculture Market by Hardware and Network Platform (GPS/GNSS Devices, Sensor Monitoring Systems, and Gateway/Router), Service (Connectivity, System Integrator, Supply Chain Management), Software, Application, and Geography - Global Forecast to 2022", the smart agriculture market is estimated to reach USD 18.45 Billion by 2022, at a CAGR of 13.8% between 2016 and 2022. The factors which are driving the Smart agriculture market include the increasing adoption of technology in agriculture, global increase in the food demand, and assistance in monitoring livestock performance and health.
Browse 71 market data Tables and 53 Figures spread through 145 Pages and in-depth TOC on "Smart Agriculture Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Sensor monitoring system expected to lead the smart agriculture market by hardware and network platform
The market for sensor monitoring systems is expected to hold the largest share of the smart agriculture market by 2022. Sensor monitoring system is used in yield monitors, soil sensors, water sensors, climate sensor, and others. It is used to collect information of crops, yield, livestock, fisheries, and others for the purpose of analysis and effective decision-making.
System integrators dominate the smart agriculture market by service
The market for system integrators dominated the Smart agriculture market on the basis of services in 2015. This is mainly because of the important role it plays in the integration of the software and hardware equipment. It helps in troubleshooting and diagnosing farm management solutions, which also involves developing new concepts related to software and hardware equipment.
North America dominated the global smart agriculture market in 2015
North America dominated the global smart agriculture market in 2015. North America is one of the pioneers for precision farming operations and the adoption of precision farming in the region is boosted by factors such as continuous advancements in technology, reducing price of equipment, usage of social media and online publications for spreading awareness, and so on.
Major players involved in the development of smart agriculture include Ag Junction (U.S.), Deere & Company (U.S.), Raven Industries Inc. (U.S.), Trimble Navigation Ltd. (U.S.), AGCO Corporation (U.S.), and others.
This research report categorizes the global smart agriculture market on the basis of hardware and network platform, services, software, application, and geography. This report describes the drivers, restraints, opportunities, and challenges with respect to the smart agriculture market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the Smart agriculture market
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India