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Global Smart Agriculture Market 2019 to 2025 OverviewIncreasing demand for food crops across the globe due to a rapidly growing population is one of the major factors fueling the global smart agriculture market. The growing farm operations automation and increasing technological advancements to improve crop quality and food production are some factors boosting the growth of smart agriculture market.
The increasing requirement of reducing the use of fertilizers and pesticides, and tracking livestock are the major factors driving the demand for smart agriculture adoption. In addition, increasing labor costs with the lack of labor on-farm is also a crucial factor responsible for increasing demand for smart agriculture.
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Depending on the software type, the global smart agriculture market is segregated into the cloud-based software and web-based software. In terms of solution type, the market is fragmented into network management, smart water management, agriculture asset management, supply chain & logistics management, data acquisition & supervisory control, and others.
Based on service type, the global smart agriculture market is fragmented into data services, analytics, maintenance & support, farm operation services, managed services, consulting & system integration, professional services, supply chain management services, connectivity services, and climate information services.
On the basis of agriculture type, the global smart agriculture market is segregated into the smart greenhouse, precision farming, fish farming, livestock monitoring, and others. By application, the global smart agriculture market is sub-categorized into yield monitoring, crop scouting, field mapping, financial management, feeding management, weather forecasting, irrigation management, farm labor management, milk harvesting, fish tracking, and many others.
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In terms of geographical analysis, the global smart agriculture market is fragmented into North America, Asia Pacific, Latin America, MEA, and Europe. In between these, the North America region dominated the highest global smart agriculture market share in the year 2017 due to the increasing requirement to improve agriculture productivity.
This market is very competitive due to the large vendor landscape across the globe. In addition, competition among leading vendors is expected to raise many new applicants in the market. Top vendors in this market are concentrating on expanding their product and technological advancements to strengthen their market status across the world. SST Development, Teejet Technologies, AgJunction Inc., Raven Industries, Trimble Navigation Ltd., some major players of the global smart agriculture market.
Geographically, regions involved in increasing the global smart agriculture market size are Latin America, North America, Asia Pacific, Europe and Middle East & Africa. Asia Pacific is leading the smart agriculture market and is projected to hold the position in the coming years.
Key players involved in the development of smart agriculture market are AGCO Corporation, Deere & Company, Digi-Star LLC and more.
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Key Segments in the “Global Smart Agriculture Market” report are:
By Software Type, market is segmented into:
Cloud-based software
Platform as a service (PaaS)
Software as a service (SaaS)
Web-based software
By Solution Type, market is segmented into:
Agriculture asset management
Network management
Logistics and supply chain management
Supervisory control and data acquisition
Smart water management
Others
By Service Type, market is segmented into:
Support and maintenance
System integration and consulting
Managed services
Data Services
Analytics
Farm Operation Services
Connectivity services
Professional services
Climate Information Services
Supply Chain Management Services
By Agriculture Type, market is divided into:
Livestock monitoring
Precision farming
Smart greenhouse
Fish farming
Others
By Application, market is divided into:
Field mapping
Yield monitoring
Weather tracking and forecasting
Crop scouting
Irrigation management
Financial management
Farm labor management
Feeding management
Breeding management
Milk harvesting
Fish tracking and fleet navigation
HVAC management
Water quality management
Others
By Region, market is segmented into:
Latin America
North America
Asia Pacific
Europe
Middle East & Africa
What to expect from the upcoming report on ‘Global Smart Agriculture Market’:
- Future prospects and current trends of the Smart Agriculture market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations across the world
- Supportive initiatives by government likely to influence the market dynamics.
- In-depth analysis of different market segmentations including regional segmentations, applications and types.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
Who should buy this report?
-Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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