Market Research News Global Smart Agriculture Market (2016-2024)- Resea | Page 3

In terms of region, global smart agriculture solution market is segmented
into five major regions including North America, Europe, Asia Pacific, Latin
America and Middle East & Africa region. Among these regions, North
America region has been the biggest smart agriculture solution market and
was valued at 5.2 Billion by the end of year 2016. North America region is
expected to flourish at a compound annual growth rate (CAGR) of 9.9%
during the forecast period and is projected to reach at a valuation of more
than USD 15.2 Billion by the end of forecast period.
Asia Pacific region is anticipated to grow at fastest compound annual
growth rate (CAGR) around 13.7% during the forecast period. Rising
adoption of smart agriculture solution in emerging countries is driving the
market of smart agricultural solutions. Further, Latin America region is also
expecting to witness a significant compound annual growth rate (CAGR) of
12.5% over the forecast period.
Market Segmentation
Our-in depth analysis of the global smart agriculture solution market
includes the following segments:
By Component
Hardware
Sensor Monitoring System
Smart Detection System
Drones
GPS Enabled Ranging System
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