Global Smart Agriculture Market: Overview
Smart agriculture is practicing the agriculture with the use of modern technology while reducing the cost and harm to nature. The rising concern of pollution due to excess use of fertilizers has led the users to move towards the smart agriculture which has boosted the global market.
Global Smart Agriculture Market: Growth Factors
The global smart agriculture market is likely to have a huge elevation in coming future. Use of technological advancement in agriculture is the main reason that has driven the growth of the global market. Moreover, increased application of smart agriculture in different sectors for different purposes is also driving the global market’s growth. Besides this, the rise in the adoption of smart agriculture is also powering the growth of the global smart agriculture market.
On the other hand, the high cost of ownership of the smart agriculture is the main reason hampering the growth of global smart agriculture market. The high-cost value for maintenance is another factor that is hindering the global market. Moreover, the hefty cost of raw material is also one of the factors that are restraining the global smart agriculture market. In addition to this, high labor charge is also playing an important role in hampering the global market.
Global Smart Agriculture Market: Segmentation
Based on hardware and network platform, the global smart agriculture market is mainly classified as sensor monitoring systems, GPS/GNSS devices, network elements, smart detection systems, and others.
Based on service, the global market is bifurcated into system integrators, connectivity services, hosting services, managed services, supply chain management services, climate information services, and others.
On the basis of software, the global market for smart agriculture is divided into local/web software and cloud-based software.
Based on applications, the global market is bifurcated into livestock monitoring, precision farming, smart greenhouse, fish farming, and others.
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Global Smart Agriculture Market: Regional Analysis
Regionally, the global market for smart agriculture is bifurcated into Asia Pacific, North America, and Rest of the World. Use of technological advancement in agriculture is boosting the global market in Canada and the U.S. Rise in the adoption of smart agriculture has elevated the global market in Asia-Pacific countries such as Japan, India, and China. Amongst this, India is said to dominate the global market for most of the people has agriculture as their primary job. Increased application of smart agriculture in different sectors for different purposes is also driving the global market in European countries such as Germany and France.
Global Smart Agriculture Market: Competitive Players
Some of the key players in the global smart agriculture market are Cisco Systems Inc., Trimble AgJunction Inc., SST Development Group, Inc., Salt Mobile SA, AGCO Corporation, Vodafone Group, SemiosBio Technologies Inc., Deere & Company, Navigation Limited, and Raven Industries, Inc.