Connected Living Room Market Global Scenario, Market Size, Outlook, Global Smart Agriculture Market

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/report-
categories/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