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.
View Full Report with TOC @ https://www.millioninsights.com/industry-reports/smart-farming-market
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.
However, uncertainty pertaining to weather and political issues on a global scale and also the fluctuation in data collection methods is likely to hamper the growth of smart farming market. Technological barriers such as rural broadband and wireless policy differ from region to region. Other technological factors hindering the growth includes uncertainty pertaining to data protection, nascent stage of smart farming in developing economies and specifications of sensor and data communications are still under development phase.
Based on segmentation by agriculture, the smart farming industry includes precision farming, livestock monitoring, smart greenhouses and fish farming. Based on segmentation by offering, the smart farming market includes hardware, automation and control systems, sensing and monitoring systems, RFID tags & readers, sensors, transmitters & mounting equipment, GPS/GNSS, LED grow lights, HVAC systems, software, software as a service, platform as a service and services. Services segment is further categorized into system integration & consulting, connectivity services, managed services, maintenance and support and assisted professional services.
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
Global Smart Farming market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
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.
MEA regions are also expected to gain a positive traction in the forthcoming period due to deployment of modern tools and techniques and active participation of NGOs. The key players in the smart farming market professional survey report includes Deere & Company, Trimble Inc and Leica Geosystems and AJ Junction Inc.
Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/smart-farming-market/request-sample