Smart Farming Market Growth Rate, Scope, Status and Outlook to 2022

Global Smart Farming Market is anticipated to grow at a significant CAGR in the forthcoming period. Smart farming helps in defining objectives to optimize the harvest per unit of agriculture land by utilizing the modern tools in a constant sustainable way to achieve optimal results in terms of financial return, quantity and quality. It deploys a broad spectrum of technologies comprising GPS service, sensors and big data to optimize crop yields.

ICT based decision support systems backed up by real time data might possibly help in determining real-time information concerning every aspect of farming at micro-level that enables better decisions for farming resulting into minimized waste and competency in operations. Commercially, a range of technologies deployed in smart farming is much complex and which is why it is structured in seven different areas for better scope of functioning. The seven application areas include fleet management, livestock monitoring, fish farming, forestry, indoor farming, storage monitoring and arable farming.

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Driving factors responsible for the growth of smart farming market includes rising application of technologies in agriculture and the need for monitoring livestock performance coupled with favorable funding by government. Additionally, the government’s support to adopt and enhance modern agricultural techniques and rise in demand for food on a global level. Moreover, other factors such as the need to minimize the waste and augment efficiency and support from government funding and projects also the need to resolve climate and address environmental issues are likely to contribute to the growth of the market.

Geographically, smart farming market spans North America, Latin America, Europe, Middle-East, Asia-Pacific and Africa. North America is expected to account for a significant share in the market owing to presence of big players. Also, the rise in demand for smart farming solutions is anticipated in the growth of smart farming industry in this region. APAC and Europe market are also anticipated in the positive growth owing to availability of farming equipment and favorable funding by government.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Smart Farming in these regions, from 2012 to 2022 (forecast), covering

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

Global Smart Farming market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• John Deere

• Trimble

• Raven Industries

• Precision Planting

• Agco Corporation

• AG Leader Technology

• Dickey-John Corporation

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