Market Research News Global Smart Agriculture Market (2016-2024)- Resea | Page 2

Smart Agriculture Solution Market Overview
Smart agriculture solution comprises of number of advanced information
and communication technologies. Involvement of information and
communication technologies in agriculture can results in improved and
precise faming. By farmer’s point of view, smart agriculture solution is an
efficient tool for providing improved productivity and sustainable
agriculture production. Further, in terms of quality, quantity and earning
smart agriculture solution has been an enormous help to the farmers.
Moreover, management information system, precision agriculture and
agricultural automation are there major fields of smart agriculture
solutions.
Market Size & Forecast
Global smart agriculture solution market is expected to flourish at a
significant compound annual growth rate (CAGR) of 11.5% over the forecast
period 2017-2024. The global smart agriculture solution market stood at
revenue around USD 10.2 Billion by the end of year 2016. Further, the
market is projected to reach at a valuation about USD 38.1 Billion by the
end of forecast period. In terms of share, the hardware components
captured around 50% in the global smart agriculture solution market share
and are expected to behold this growth over the forecast period.
Copyright © Research Nester