A consistent Smart Farming Market report highlights CAGR value fluctuations during the forecast period of 2023-2030 for the market. To put marketplace clearly into the focus of clients, most up to date market insights and analysis are provided via this business report. The market research data included in the report is analysed and forecasted using market statistical and coherent models. The general market drivers analysed in this report are consumer demand, government policy and demand which makes consumer to buy product thereby leads to market growth and development. SWOT analysis is performed while generating the persuasive Smart Farming Market report along with many other standard steps of researching, analysing and collecting data.
The winning Smart Farming Market business report is generated based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. By using integrated approaches and most up-to-date technology for the unmatched results this market research report has been generated. This market report also makes available statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. The report also analyses the emerging trends along with major drivers, challenges and opportunities in the Smart Farming Market.
Global smart farming market was valued at USD 12.80 billion in 2021 and is expected to reach USD 33.69 billion by 2030, registering a CAGR of 12.86% during the forecast period of 2023-2030.
Explore Further Details about This Research Smart Farming Market Report https://www.databridgemarketresearch.com/reports/global-smart-farming-market
Smart Farming Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, Others), Software (Web Based, Cloud Based), Service (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, Professional Services), Solution (Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistics and Supply Chain Management, Smart Water Management, Others), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Milk Harvesting, Breeding Management, Fish Tracking and Fleet Navigation, Water Quality Management, HVAC Management, Others) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
Market Players Covered | Grownetics, Inc. (U.S.), Auroras s.r.l. (Italy), Granular, Inc. (San Francisco), TOPCON CORPORATION (Japan), The Climate Corporation (U.S.), Farmers Edge Inc (Canada), DICKEY-john. (U.S.), Conservis (U.S.), Ag Leader Technology. (U.S.), Raven Industries, Inc. (U.S.), Iteris, Inc. (U.S.), Reed Business Information Ltd (U.S.), AgJunction (Canada), Trimble Inc. (U.S.), Deere & Company. (U.S.), Mothive (U.S.), CropX inc. (U.S.), Ceres Imaging, Inc (U.S.), GAMAYA (Switzerland), AgriData Incorporated. (U.S.), AgEagle Aerial Systems Inc. (U.S.), and Aker Solutions (Norway) among others |
Market Opportunities |
|
Market Definition
Smart faming is defined as application of one or more than one technology in the farming process to gain more efficiency and effectiveness. It is the advanced and innovative way of doing farming to get the maximum output and to reduce the human efforts. Advance technology includes usage of hardware, service and software to the process of farming. The technology includes irrigation management, scouting of crops, harvesting, and seeding.
Global Smart Farming Market Dynamics
Drivers
- Use of Modern Technologies in Agricultural Products
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of smart farming market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
- Concerns regarding Soil Erosion
The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.
In addition, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the smart farming market.
- Rise in the usage of IoT solutions
Industry 4.0 and the Industrial internet of things (IoT) have increased demand for diagnostics and mobile-based access, which will propel the industry forward. The existence of the multinational corporations funding in the research and development for industrial technologies, industrial Internet of Things (IoT) and as well as the cloud technology are the factors that will further boost the growth of the smart farming market.
Opportunity
- Technological Advancements and Innovation
Furthermore, use of unmanned aerial vehicles or drones in agricultural farms and popularity of land-based recirculating aquaculture systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in focus on integration of smartphones with agricultural hardware and software applications will further expand the market.
This comprehensive report provides:
- Improve strategic decision making
- Research, presentation and business plan support
- Show emerging Smart Farming Market opportunities to focus on
- Industry knowledge improvement
- It provides the latest information on important market developments.
- Develop an informed growth strategy.
- Build technical insight
- Description of trends to exploit
- Strengthen competitor analysis
- By providing a risk analysis, you can avoid pitfalls that other companies may create.
- Ultimately, you can maximize your company's profitability.
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Smart Farming Market research report.
- Interaction with research scientists and development heads to understand the nature of the Smart Farming Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Smart Farming Market size
Browse Related Reports:
Industrial Robots Market by Size, Share, Forecast, & Trends
Planting Equipment Market Size Report- Industry Growth Analysis
Automatic Flexible Packaging Machines Market Size, Industry Share Forecast
Paint Cans Market Size, Share, Growth | Opportunities,
Organic Tea Premixes Market Size, Share Analysis Report
Personal Hygiene Products Market Size, Share, Growth Analysis
Hard Candy Market Size, Share, Growth
Acute Renal Failure (ARF) Market Demand,Size ,Share, Industry
E-houSE Market Size, Analysis and Forecast
Electronic Contract Manufacturing and Design SErvices Market Size, Share, Trends & Forecast
Industrial Utility Vehicle Market Size And Share Analysis Report,
About Data Bridge Market Research:
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – [email protected]
