Uploaded on Feb 8, 2022
Smart farming market will reach at an estimated value of USD 25.02 million and grow at a CAGR of 12.76% in the forecast period of 2021 to 2028. Rising pressure on food supply system owing to rapidly growing population is an essential factor driving the smart farming market.
Smart Farming Market By Global Demand, Supply and Research Synopsis
Smart Farming Market By Global Demand, Supply and
Research Synopsis
Smart Farming Market, By Agriculture Type (Precision Farming, Livestock Monitoring,
Fish Farming, Smart Greenhouse, and Others), Software (Web Based, Cloud Based),
Service (System Integration and Consulting, Support and Maintenance, Connectivity
Services, Managed Services, and Professional Services), Solution (Network
Management, Agriculture Asset Management, Supervisory Control and Data
Acquisition, Logistics and Supply Chain Management, Smart Water Management, and
Others), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking
and Forecasting, Irrigation Management, Farm Labor Management, Financial
Management, Feeding Management, Milk Harvesting, Breeding Management, Fish
Tracking and Fleet Navigation, Water Quality Management, HVAC Management,
Others), Industry Trends and Forecast to 2028
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Market Analysis and Insights
Smart farming market will reach at an estimated value of USD 25.02 million and grow at
a CAGR of 12.76% in the forecast period of 2021 to 2028. Rising pressure on food supply
system owing to rapidly growing population is an essential factor driving the smart
farming market.
Smart faming is defined as application of one or more than one technology in the
farming process to gain more efficiency and effectiveness. It is the advanced and
innovative way of doing farming to get the maximum output and to reduce the human
efforts. Advance technology includes usage of hardware, service and software to the
process of farming. The technology includes irrigation management, scouting of crops,
harvesting, seeding and many more.
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Major Key Players
Some of the major players operating in this market are :
• Deere & Company.
• Trimble Inc.
• AGCO Corporation
• Raven Industries
• GEA Farm Technologies
• Lely
• Afimilk Ltd.
• Vertical Farm Systems
• AeroFarms
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Market Segmentation
• By Agriculture Type (Precision Farming, Livestock Monitoring, Fish
Farming, Smart Greenhouse, and Others)
• By Service (System Integration and Consulting, Support and Maintenance,
Connectivity Services, Managed Services, and Professional Services)
• By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather
Tracking and Forecasting, Irrigation Management, Farm Labor
Management, Financial Management, Feeding Management, Milk
Harvesting)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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