Global Smart Farming Market, By Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, and Others), Software (Web Based, Cloud Based), Service (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, and Professional Services), Solution (Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistics and Supply Chain Management, Smart Water Management, and 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Smart farming market will reach at an estimated value of USD 25.02 million and grow at a CAGR of 12.76% in the forecast period of 2021 to 2028. Rising pressure on food supply system owing to rapidly growing population is an essential factor driving the smart farming market.
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, seeding and many more.
Surging use of modern technologies in agriculture farms is a crucial factor accelerating the market growth, also increasing income levels and demand for protein-rich aqua food, rising focus of farmers on livestock monitoring and disease detection, rising emphasis on reducing management cost by adopting advanced livestock monitoring products and surging adoption of advanced technologies such as IoT and AI in aquaculture farms are the major factors among others boosting the smart farming market. Moreover, increasing adoption of livestock monitoring solutions in developing countries, rising use of unmanned aerial vehicles or drones in agricultural farms, rising popularity of land-based recirculating aquaculture systems and rising focus on integration of smartphones with agricultural hardware and software applications will further create new opportunities for smart farming market in the forecast period mentioned above.
However, increased upfront cost for deployment of modern agricultural equipment and rising overall fragmented agriculture industry are the major factors among others restraining the market growth, while rising management of large volumes of data for productive decision making and rising environmental concerns and global warming will further challenge the smart farming market in the forecast period mentioned above.
This smart farming market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Farming Market Scope and Market Size
Smart farming market is segmented on the basis of agriculture type, software, services, solution and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of agriculture type, smart farming market is segmented into precision farming, livestock monitoring, fish farming, smart greenhouse, and others.
- Based on software, the smart farming market is segmented into web based and cloud based.
- Based on services, the smart farming market is segmented into system integration and consulting, support and maintenance, connectivity services, managed services, and professional services.
- Based on solution, the smart farming market is segmented into network management, agriculture asset management, supervisory control and data acquisition, logistics and supply chain management, smart water management, and others.
- The smart farming market is also segmented on the basis of application into 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 and others.
Global Smart Farming Market Scope Country Level Analysis
Smart farming market is analysed and market size, volume information is provided by country, agriculture type, software, services, solution and application as referenced above.
The countries covered in the smart farming market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
North America dominates the smart farming market due to rising government initiatives and regulations and rising concern for water conservation in this region. Asia-Pacific is the expected region in terms of growth in smart farming market due to growing government support and rising awareness among cultivators in this region.
The country section of the smart farming market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Farming Market Share Analysis
Smart farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart farming market.
The major players covered smart farming market report are Deere & Company., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., Vertical Farm Systems, AeroFarms, Signify Holding, Osram Licht AG, Harvest Automation, AKVA Group Farmers Edge Inc., Mavrx Inc., DTN, GeoVisual Analytics, Aglytix Inc, and 360 Yield Center. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Smart Farming Market
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