Uploaded on Feb 24, 2020
Advanced Farming
Advanced Farming Market Experience Of
Tremendous Growth
Advanced farming market caters to agriculture-based activities through utilization of connected and
advanced information technologies for the analysis, monitoring, identifying and controlling the field
operations to maximize the yield and ensure profitability. Moreover, optimum utilization of the
available resources that include light, water, space, energy, and costs associated with the
maintenance form the primary factors that are expected to drive overall demand.
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Growing global population and increasing requirement to suffice the basic needs that include
food and clothing will drive the demand for advanced farming
According to Population Reference Bureau, global population in 2018, was over 7.6 billion, which
is expected to cross 9.9 billion by 2050. Moreover, the urbanization of the economically developed
and emerging regions is expected to witness significant growth over the forecast period,
necessitating increased demands for the agricultural produce. Advanced farming systems will
increase yield production and will also result in better crop quality.
Lack of proper knowledge, insufficient internet connectivity, and lack of appropriate IT
infrastructure to support these technologies will continue to hamper the industry growth
China, India, Russia, Indonesia, Thailand, and Brazil are among the major global agricultural
production economies. These are emerging regions wherein the rural area produce accounts for the
major proportion of the country produce. Lack of appropriate knowledge of the advanced farming
processes, low consumer motivation, high operational complexities, and lack of affordable internet
connectivity are major challenges hindering the overall market growth.
Global Advanced Farming Market Taxonomy
On the basis of technology, the global advanced farming market is classified into:
•Variable-rate Technology (VRT)
•High precision positioning systems
•Automated steering systems
•Remote sensing
•Integrated electronic communication
•Others
On the basis of deployment mode, the global advanced farming market is classified into:
•Cloud
•On-premises
On the basis of services, the global advanced farming market is classified into:
•Integration
•Maintenance
•Consulting & Training
On the basis of applications, the global advanced farming market is classified into:
•Fleet management
•Livestock farming
•Forest farming
•Aqua farming
•Horticulture
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Global Advanced Farming Market: Key Players
Major players operating in the global advanced farming market includes, John Deere & Company,
Raven Industries, Inc., AGCO Corp., AgJunction Inc., Trimble Inc., Cisco Systems, IBM
Corp., Smart Fertilizer Management, Blue River Technology, Microsoft Corp., Intel
Corporation, ThingWorx, and Growing Smart among others.
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absolute dollar opportunity.
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