Smart Agriculture Market Trends Growth Forecast Research
2016-2024: Global Market Insights Inc.
The research report “Smart Agriculture Market Size, Industry Analysis Report,
Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Italy, China,
Australia, India, Japan, Indonesia, Argentina, Brazil, Saudi Arabia, UAE, Kuwait,
South Africa), Application Development Potential, Price Trends, Competitive
Market Share & Forecast, 2016 – 2024”, global The Smart Agriculture Market size is
expected to grow at a fast pace in the forecast period.
The factors driving the smart agriculture industry are exponential increase in
population levels which has triggered the demand for food, need of livestock
monitoring, increasing the crop yield and its quality through technological
advancements, minimized use of pesticides or fertilizers, limited availability of arable
land and government’s initiative to adopt smart technology for agriculture.
However, due to the lack of technological knowledge of farmers and high initial
investment for research and technology development, smart agriculture will take time
to spread its roots in developing and underdeveloped regions. Nevertheless, the
penetration of internet facility in remote areas will greatly impact the agriculture
industry in the future.
Smart agriculture is a cost-effective approach for sustainable agriculture which aims
to effectively increase the productivity in the changing climate with the use of
innovative technology. It provides the stakeholders worldwide to identify agricultural
strategies suitable to their regions. The farmers can greatly benefit from smart
agriculture as the efficiency of inputs such as seeds, labour and fertilizers will increase,
resulting into more opportunities for income. Due to the global warming, the weather
is becoming unpredictable. Floods, cyclones and droughts have impacted the
agriculture industry. Natural calamities can be dealt with the use of weather forecasting
facility which can be a great relief to the farmers.
The smart agriculture market can be broadly classified into types, applications,
offerings and regions. Based on types, smart agriculture can be divided into five
segments which are, fish farming, precision farming, smart greenhouses, monitoring
of livestock and others such as horticulture, orchid and forestry. Based on applications,
the market can be divided into precision farming applications, livestock monitoring
applications, smart greenhouses applications, fish farming applications and others
(forestry, orchid, horticulture). In precision livestock farming, sensors are used for
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