Smart Agriculture Market Growth Insight, Share, Competitive Analysis, Statistics, Regional, And Global Industry Forecast To 2024

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Jan 20, 2021 (AmericaNewsHour) —
Global Smart Agriculture Market is estimated to reach $20 billion by 2024; growing at a CAGR of 14.1% from 2016 to 2024. Improving the agriculture productivity is very essential so as to meet the rapidly growing demand for food globally. According to the United Nations Food and Agriculture Organization, about 795 million people out of the 7.3 billion people in the world were suffering from chronic undernourishment in 2014-2016. Almost all the hungry people, about 780 million people live in developing countries and 11 million people undernourished in developed countries. To meet the ever-growing demand for food, smart and innovative techniques have to be introduced in farming to boost the yield.

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As smart farming totally depends on the technology, expansion of IT in emerging economies will open up a new era of growth. Smart agriculture has also let the farmers use their smartphones to remotely monitor their crops and livestock along with drones to survey their lands and to generate essential data. Moreover, introduction of robots, artificial intelligence and automatic control at all the levels of agriculture have fueled the production in a positive way.

Technological advancements and ever increasing population coupled with rising demand for food globally are the key driving factor of the smart agriculture market. Growing popularity of greenhouse farming and need for automated farming techniques would also support the growth of the smart agriculture market. However, lack of technical knowledge among farmers in rural areas and high cost of smart devices or machines may hamper the growth of the market. Furthermore, rising awareness among farmers and entry for new players could provide growth opportunities for the smart agriculture market in the coming years.

Solutions, application and geography are the major segments of the global smart agriculture market. Based on the solution, the market is segmented into agriculture asset management, network management, logistics & supply chain management, supervisory control & data acquisition, smart water management and others. Furthermore, application segment has been segmented into fish farming, precision agriculture, smart greenhouse, livestock monitoring, and others.

North America, Europe, Asia-Pacific and Rest of the World (RoW) are the geographical segments of the global smart agriculture market. The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, Italy, France and others. Asia-Pacific covers China, Japan, India and others. RoW covers South America, Middle East and Africa.

Key players in this market include Cisco Systems, Deere & Co., AGCO Corporation, AgJunction Inc., Raven Industries Inc., SST Development Group, Inc., Hexagon AB, Trimble Navigation Ltd., Iteris Inc., and Teejet Technologies, among others.

The key takeaways from the report:
The report will provide detailed analysis of Smart Agriculture Market with respect to major segments such as solution and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024

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Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Smart Agriculture Market has been included in the report

Profile of the key players of the Smart Agriculture Market, will be provided, which include key financials, product & services, new developments and business strategies

Scope of Smart Agriculture Market
Solution Segments
Agriculture Asset Management
Network Management
Supervisory Control & Data Acquisition
Smart Water Management
Logistics & Supply Chain Management
Others

Application Segments
Livestock Monitoring
Precision Agriculture
Smart Greenhouse
Fish Farming
Others

Geography Segments
North America
US
Canada
Mexico
Europe
U.K.
Germany
Italy
France
Others
Asia-Pacific
China
Japan
India
Others
RoW
South America
Middle East
Africa

Table of Contents
Chapter 1: Prefix
1.1. Market Scope
1.2. Report Description
1.3. Research Methodology
1.3.1. Primary Research
1.3.2. Secondary Research
1.3.3. In-house Data Modeling
Chapter 2: Executive Summary
Chapter 3: Market Outline
3.1. Market Inclination, Trend, Outlook and Viewpoint
3.2. Market Share Analysis: Company’s Competitive Scenario
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Impact Analysis
3.4.2. Restraints
3.4.2.1. Impact Analysis
3.4.3. Opportunities
3.5. Porter’s five forces analysis
3.5.1. Factors Impact Analysis
Chapter 4: Smart Agriculture Market by Solution: Market Size and Forecast, 2015-2024
4.1. Agriculture Asset Management
4.2. Network Management
4.3. Supervisory Control & Data Acquisition
4.4. Smart Water Management
4.5. Logistics & Supply Chain Management
4.6. Others
Chapter 5: Smart Agriculture Market by Application: Market Size and Forecast, 2015-2024
5.1. Livestock Monitoring
5.2. Precision Agriculture
5.3. Smart Greenhouse
5.4. Fish Farming
5.5. Others
Chapter 6: Smart Agriculture Market by Geography: Market Size and Forecast, 2015-2024
6.1. North America
6.1.1. US
6.1.2. Canada
6.1.3. Mexico
6.2. Europe
6.2.1. U.K.
6.2.2. Germany
6.2.3. Italy
6.2.4. France
6.2.5. Others

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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