The Global Smart Agriculture/Farming Market is likely to exhibit a robust growth in the upcoming period owing to rise in the demands and expansion of scope around the world. Smart Agriculture/Farming involves innovating novel techniques and ways that can be applied in agriculture. While carrying out smart farming, modern solutions are taken up to develop fresh products. The recent vertical farming method allows the customers to cultivate a wide range of crops in an enclosed area. It can be performed in various settings ranging from a multi-story building, in layers, a warehouse, as well as loaded on racks.
It is significant that the manufacturers are putting in lump sum of investments is carrying out research and development activities so that effective and low-priced solutions can be offered to the customers. The Smart Agriculture/Farming industry is attaining huge recognition across various sectors due to its widespread usage.
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The factors that are influencing the Smart Agriculture/Farming market in an optimistic manner may entail rising demands, rise in the research and development activities, rapid urbanization, industrialization, augmented awareness among the users, rise in the investments by the leading manufacturers, technological enhancements, Moreover, the concerned manufacturers are also taking up joint ventures, partnerships and acquisitions as their major steps that is ultimately contributing in the organic growth of the Smart Agriculture/Farming industry.
Smart Agriculture/Farming market is segregated by product type as Livestock Monitoring, Precision Farming, Smart Greenhouse, and others. Among all the product types, it has been observed that the Smart Greenhouse segment is accounting for a considerable share in the market, the reason being rise in the trend of manufacturing bio-pharmaceutical products in a restrained surrounding, reduction in the availability rates of cultivable land, implementation of government incentives, steady growth in population, and augmented demands for fresh food items.
Smart Agriculture/Farming industry is segmented by application as Livestock Monitoring, Smart Greenhouse, Precision Farming, and others. The market is categorized by offering as Software, Hardware, Services, and others. Among all the segments of offering, Software has attained the largest share in the market. This industry is classified by geography as North America, Europe, China, Japan, Southeast Asia, and India.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Smart Agriculture/Farming in these regions, from 2012 to 2022 (forecast), covering
Global Smart Agriculture/Farming market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Geographically, North America is the lately been recognized as the dominant region in the Smart Agriculture/Farming market and it is at the same time accounting for a significant share in the market. The factors that can be attributed to the particular growth may entail wider customer base, augmented awareness among the end users, technological enhancements, and rise in the research and development activities.
On the contrary, it is likely that Europe and Asia Pacific will soon come up as one of the promising regions in the Smart Agriculture/Farming industry, the reason being developing nations, rise in the income of the population, and emergence of huge market growth opportunities. The key players contributing in the development of Smart Agriculture/Farming market are recognized as CLAAS, Argus Control Systems Ltd. Inc., CNH Industrial, CropZilla Software, Inc., Agribotix LLC, and Autonomous Solutions.
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