Smart Agriculture Industry is expected to grow at a CAGR of 28.28% during the Forecast period (2016-2024)

New York, USA, 2018-Jul-23 — /EPR Network/ —According to Goldstein Research, rapidly rising food demand due to increasing population across the globe resulted into high adoption rate of efficient equipment in the agricultural sector. Growing demand for livestock monitoring, precision farming and rise in greenhouse farming is surging the demand for the implementation of advanced technology in agriculture.

Global Smart Agriculture Market Outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Top market players of the market are hugely investing in acquisitions and expansion of farm network business which is expected to drive the market of smart agriculture. In 2017, America agricultural equipment manufacturer AGCO Corporation announced to acquire precision planting equipment and signed an agreement with The Climate Corporation

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Market Segmentation

On the basis of our in-depth analysis, global smart agriculture market can be segmented as follows:

Based on Components
  • Hardware
  • Drones
  • Sensors
  • RFID Tags
  • Others(Transmitters, Sprinklers)
  • Software
  • Data Management
  • Network Management
  • Security
  • Remote Monitoring
  • Real Time Streaming Analysis
  • Platforms
Based on Application
  • Precision Farming
  • Aquaculture(Fish Farming)
  • Precision Livestock Monitoring
  • Smart Greenhouse
  • Other ( Horticulture, Animal Husbandry)
Based on Geography
  • North America (U.S. & Canada) Smart Agriculture Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Smart Agriculture Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Smart Agriculture Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Smart Agriculture Market {Market Share (%), Market Size(USD Billion)}
  • The Middle East & Africa (GCC, South Africa, North Africa, Rome) Smart Agriculture Market {Market Share (%), Market Size(USD Billion)}

Smart Agriculture Market Analysis” contains the detailed overview of the global smart agriculture market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by component type and by the application.

Further, for the in-depth analysis, Smart Agriculture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This industry research report also includes competitive outlook of some of the major players profiling of companies such as AGCO Corporation, Deere & Company, Cisco Systems etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global smart agriculture market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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