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Press release content from MarketersMEDIA. The AP news staff was not involved in its creation.

Smart Agriculture Solutions Market Experiences A Noticeable Growth With Key Dynamics At High CAGR value

July 10, 2021 GMT

Smart agriculture tools are widely utilized in precision farming as they have resulted in improving farm efficiency and has helped farmers maximize their crop yields

Moreover, yield monitoring is a major application of precision farming that helps identify the field variability information, which includes weather conditions, soil properties, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps identify different soil parameters to maintain the nutrient level of the soil. Smart agriculture has optimized the yield per unit of farming land to achieve best in terms of quality, quantity, and financial returns. Furthermore, it has also enabled for better decisions to be made, resulting in less waste and maximum efficiency in operations.

This report projects the trends and opportunities of the global smart agriculture solutions market. It includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period. Our research teams have used various industry oriented measures, which include industry-related expert interviews to obtain key information and valuables, secondary resources and directories such as industrial databases, journals, magazines, and primary resources.

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Increase in adoption of multiple smart agriculture solutions by governments from all around the world drive the market growth. Moreover, government have initiated compelling farmers & agro-industrialists toward boosting their farm yield. This has significantly increased the market demand among farming sectors facing soil and water degradation issues. In addition, rise in population necessitates demand for food, which in turn is expected to augment market growth.

The global smart agriculture solutions market is segmented based on component, application, and geography. By component, the market is categorized into hardware, software, and services. Hardware is segmented into sensor monitoring system, smart detection system, GPS-enabled ranging system, and drones. Services is further classified into climate information services, supply chain management services, and others (system integration, maintenance, and consulting). By application, the market is divided into automated machinery guidance control, obstacle detection, tractor collision, machinery safety & monitoring, variable rate technology, and premises surveillance. Geographically, the smart agriculture solutions market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Key market players in this sector involve Iteris Inc., CropMetrics LLC, Granular Inc., Trimble Navigation, AgJunction LLC, SemiosBio Technologies Inc., Agribotix LLC, Raven Industries., SST Software, and LeBio.

Key Benefits

This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
Major countries in each region are mapped as per key trends and opportunities of the market and presence of major players.
The region-wise and country-wise market conditions are comprehensively analyzed in the report. Increase in demand for smart agriculture solutions based Magnetic Resonance Imaging (MRI)) systems is expected to drive the growth of the market.
Key players of the smart agriculture solutions market are also listed.
This study evaluates value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided, to elucidate dominant opportunities.

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Smart Agriculture Solutions Market Key Segments

By Component

Hardware
Sensor Monitoring System
Smart Detection System
GPS Enabled Ranging Systems
Drones
Software
Services
Climate Information Services
Supply Chain Management Services
Others (System Integration, Maintenance and Consulting)

By Application

Automated Machinery Guidance Control
Obstacle Detection
Tractor Collision
Machinery Safety and Monitoring
Variable Rate Technology
Premises Surveillance

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Spain
UK
Russia
France
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
South Africa
Rest of LAMEA

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Source URL: https://marketersmedia.com/smart-agriculture-solutions-market-experiences-a-noticeable-growth-with-key-dynamics-at-high-cagr-value/89034834

Source: MarketersMedia

Release ID: 89034834