HomeNews UpdatesHuawei publishes MarketsandMarkets’ in-depth study on Smart Agriculture

Huawei | December 5, 2018
Huawei publishes MarketsandMarkets’ in-depth study on Smart Agriculture

MnM’s in-depth analysis of smart agriculture was published in May 2017 by Huawei, giving details about the future scenario and opportunities in the global market over the next few years.

Smart agriculture makes use of advanced technologies and solutions in order to enhance operational efficiency, maximize crop yield and quality, and minimize wastage through real-time field data collection, thus making farms more intelligent and connected. The global market for smart agriculture is expected to reach a value of USD 26.80 billion by 2020, growing at a CAGR of 14.3% between 2015 and 2020. This growth can be attributed to the increasing need for water conservation, climate change, and growing emphasis on enhancing the operational efficiency.

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Report mentioned in the above news is,

Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2023.

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