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Smart Agriculture Market 2018 Trends, Growing Factor, Restraints and Opportunities by 2025

(IT-NEWSWIRE.COM, June 07, 2018 ) Smart agriculture market is expected to grow US$ 30.01 billion by 2025 from US$ 11.30 billion in 2016.

Along with the rising trend of globalization, the people are getting more educated regarding healthy diet and thus the food and beverages industry is experiencing a sturdy shift in the food consumption pattern. More number of people today, have started including non vegetarian food produces, which is subsequently leading to rising demand for efficient production of livestock.

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Key trend which will predominantly effect the market in coming year is upcoming technological advancement in this field. It is predicted that the upcoming technological advancements in this industry would enable the farmers to regulate the requirements of a crop at any explicit location and instant in a way that will be increasingly accurate, and from a distance. The companies that survive in the ecosystem would be on account of innovations and to support the development and adoption of smart agriculture techniques. The future technological advancement in the smart agriculture is expected to ease out the lengthy procedures involved in crop production and also support in making the supply chain of this market more effective. The needs and wants of customer increase each passing day and to meet such rapidly increasing demands, it has become very important to adopt technologies that provide better result in less time and cost.

Global smart agriculture market has been categorized by Product type majorly into three categories; hardware, software and services. The hardware segment further comprises of sensors based monitoring system, smart detection systems, GPS enabled ranging system and drones. Whereas the services segment comprises of supply chain management, climate information and other (System Integration, Maintenance and Consulting Service). The software and services market is expected to witness highest growth rates, whereas the hardware segment is expected to grow at a moderate growth rate.

The overall Smart agriculture market size has been derived using both primary and secondary source. The Smart agriculture market research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Smart agriculture market.

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List of Companies

AGCO Corporation

Ag Junction Inc.

AG Leader Technology

Deere & Company

Raven Industries, Inc.

Semiosbio Technologies Inc.

SST Development Group, Inc.

Teejet Technologies

Topcon Precision Agriculture

Trimble Navigation Limited among others.

The objective of this report is as follows:

To provide overview of the global Smart Agriculture market

To analyze and forecast the global Smart Agriculture market on the basis of type, range, service, and end-user vertical

To provide market size and forecast till 2025 for overall Smart Agriculture market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries

To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend

To provide exhaustive PEST analysis for all five regions

To profiles key Smart Agriculture players influencing the market along with their SWOT analysis and market strategies

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

The Insight Partners

Sameer Joshi

+91 9666111581

sam@theinsightpartners.com

Source: EmailWire.Com

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