Global Smart Agriculture Market is Expected to Reach $20 Billion 2024, Says Variant Market Research Global Smart Agriculture Market Report, published by Variant Market Research, forecast that the global market is expected to reach $20 billion by 2024 from $7 billion in 2016; growing at a CAGR of 14.1% from 2016 to 2024. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 15.6% and 15%, respectively, during the forecast period. According to the United Nations Food and Agriculture Organization, about 795 million people out of 7.3 billion people in the world were suffering from chronic undernourishment in 2014 - 2016. Almost all the hungry people, about 780 million people live in developing countries and 11 million people undernourished in developed countries. Smart agriculture helps to guide actions needed to transform agriculture systems to efficiently support the development and ensure food security. Smart farming has good potential to deliver more productive and sustainable agricultural products with resource efficient approach. Moreover, introduction of IoT applications have increased the quality, quantity, sustainability and cost effectiveness of agricultural products. Robotics, artificial intelligence and automatic control at all the levels of agriculture have boosted the production in a great way. Browse Complete Report @ https://www.variantmarketresearch.com/reportcategories/information-and-communication-technology-ict/smart-agriculture-market
Increasing population coupled with rising global demand for food and technological advancements are supporting the growth of the global smart agriculture market. Increasing need for automated farming techniques and greenhouse agriculture also fuels the growth of the market. Rising awareness among farmers in emerging economies and entry for new players
would provide growth opportunities during the forecast period. However, lack of technical knowledge and high cost of smart devices or machines may hinder the growth of the market. The global smart agriculture market has been categorized into solutions, application and geography. Solution segment include agriculture asset management, network management, supervisory control & data acquisition, smart water management, logistics & supply chain management, and others. Furthermore, application segment is bifurcated into livestock monitoring, precision agriculture, fish farming, smart greenhouse and others. Get Sample Copy Of This Report @ http://bit.ly/2q5qP8L
The key players in the smart agriculture market include Raven Industries Inc., Deere & Co., Trimble Navigation Ltd., AGCO Corporation, AgJunction Inc., SST Development Group, Inc., Hexagon AB, Iteris Inc., Teejet Technologies and Cisco Systems, among others. Scope of Smart Agriculture Market Solution Segments • •
Agriculture Asset Management Network Management
• • • •
Supervisory Control & Data Acquisition Smart Water Management Logistics & Supply Chain Management Others
Application Segments • • • • •
Livestock Monitoring Precision Agriculture Smart Greenhouse Fish Farming Others
Geography Segments •
•
North America o US o Canada o Mexico Europe U.K. o Germany o Italy o France o Others Asia-Pacific o China o Japan o India o
•
o •
Others
RoW o
South America Middle East
o
Africa
o
Table Of Content •
Chapter 1. Prefix 1.1 Market Scope 1.2 Report Description 1.3 Research Methodology 1.3.1 Primary Research 1.3.2 Secondary Research 1.3.3 In-house Data Modeling Chapter 2. Executive Summary Chapter 3. Market Outline 3.1 Market Inclination, Trend, Outlook and Viewpoint 3.2 Market Share Analysis: Company’s Competitive Scenario 3.3 Value Chain Analysis 3.4 Market Dynamics 3.4.1 Drivers 3.4.1.1 Impact Analysis 3.4.2 Restraints 3.4.2.1 Impact Analysis 3.4.3 Opportunities 3.5 Porter’s five forces analysis 3.5.1 Factors Impact Analysis …………. Chapter 7. Company Profiles 7.1 Raven Industries Inc. 7.2 Deere & Co. 7.3 Trimble Navigation Ltd. 7.4 AGCO Corporation 7.5 AgJunction Inc. 7.6 SST Development Group, Inc. 7.7 Hexagon AB 7.8 Iteris Inc 7.9 Teejet Technologies 7.10 Cisco Systems
Contact Us :
VARIANT MARKET RESEARCH LLP Web: https://www.variantmarketresearch.com/ USA Office: 649 Mission St., 5th Floor, San Francisco, CA 94105, United States. Tel: +1-415-680-2785 Fax: +1-415-680-2786 Email: help@variantmarketresearch.com India Office (Corporate Headquarter): Office No. FL No.7, Prakash Developers, Survey no 34/A5, Wadgaon Sheri, Nagar Road, Pune – 411014 Tel: +91 20 65337795