Smart farming is a development that highlights the use of information and communication technology in the cyber-physical farm management cycle. New technologies such as the Internet of Things and Cloud Computing are anticipated to influence this development and introduce more robots and artificial intelligence in farming. Increasing demand for food across the world, increasing adoption of technologies in agriculture and government support to adopt modern agricultural techniques are the key factors boosting the market.

Major Players in This Report Include,
Deere & Company (United States), Trimble ((United States), AGCO (United States), DeLaval (Sweden), AgJunction ((United States), Raven Industries (United States), Gamaya (Switzerland), AG Leader Technology (United States), GEA Group (Germany), Precision Planting (United States) and SST Development Group (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are CropMetrics (United States), Agribotix (United States), The Climate Corporation (United States), Prospera Technologies (Israel), Decisive Farming (Canada) and Hexagon Agriculture (Brazil).

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Global Smart Farming Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. According to AMA, the Global Smart Farming market is expected to see growth rate of 15.06%.

Market Drivers

  • Increasing adoption of information and communication technologies in farming
  • Rising government support to adopt modern agricultural techniques
  • Growing demand for higher crop yield owing to increasing population

 

Market Trend

  • Environmental protection with the help of smart farming techniques
  • Internet of Things (IoT) shaping smart farming market

 

Restraints

  • Lack of awareness and infrastructure of smart farming in emerging economies
  • High initial investment and limited technical knowledge and skills of farmers

 

Opportunities

  • Increasing market opportunities in developing countries of Asia Pacific region such as China, India and Japan
  • Introduction of big data in agriculture sector

 

Challenges

  • Lack of standardization in the smart farming industry

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In this research study, the prime factors that are impelling the growth of the Global Smart Farming market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Smart Farming market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The Global Smart Farming is segmented by Type (Precision farming, Livestock monitoring, Fish Farming, Smart greenhouse, Others), Application (Precision farming application, Livestock monitoring application, Fish Farming Applications, Smart greenhouse application, Others), Offering (Hardware, Software, Services)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Smart Farming market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Smart Farming Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Smart Farming Market
The report highlights Smart Farming market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Smart Farming, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Extracts from Table of Contents
Global Smart Farming Market Research Report
Chapter 1 Global Smart Farming Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued

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This report also analyzes the regulatory framework of the Global Markets Smart Farming Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

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