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on July 18, 2024
Anticipated Growth in Revenue:
Smart Farming Market reached a value of US $ 13.33 Mn. in 2023. Natural Gas is one of the dominating segment of the Global Smart Farming Market.
Smart Farming Market Report Overview
The global Smart Farming market has witnessed significant growth, reaching a value of US $13.33 million in 2023. This growth is driven by advancements in agricultural technology, increasing adoption of precision farming techniques, and the growing need for efficient farm management solutions worldwide.
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Report Scope and Research Methodology
The report on the smart farming market provides a comprehensive analysis of key trends, market size, growth drivers, challenges, and opportunities. It employs robust research methodologies including primary and secondary research, data triangulation, and validation techniques to ensure accuracy and reliability of the findings.
Smart Farming Market Dynamics
The smart farming industry is propelled by the integration of IoT (Internet of Things) technologies in agriculture, which enables farmers to monitor and manage their crops and livestock remotely. Additionally, the rise in demand for real-time data analytics and predictive insights to optimize farm operations is fueling market growth. Moreover, government initiatives promoting sustainable agriculture practices and the need to enhance productivity amidst shrinking arable land are further boosting market expansion.
Smart Farming Market Segmentation
by Farming Type
Precision Farming
Livestock Monitoring
Smart Greenhouse
Others
by Offering
Hardware
Software
Services
by Application
Irrigation Management
Yield Monitoring
Crop Scouting
Field Mapping
Weather tracking and forecasting
Inventory Management
Farm Labor Management
Smart Farming Market Key Players
1. John Deere
2. Trimble
3. Topcon Positioning Systems
4. DeLaval
5. AKVA
6. Antelliq
7. Afimilk
8. InnovaSea Systems
9. Heliospectra
10. LumiGroW
11. InnovaSea Systems
12. ABACO
13. Treemetrics
14. Raven Industries
15. AG Leader Technology
16. The Climate Corporation
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Smart Farming Market Regional Insights
Geographically, North America and Europe are leading markets for smart farming technologies. These regions are characterized by high adoption rates of advanced agricultural technologies, supportive government policies, and strong investments in research and development. Asia-Pacific is also witnessing rapid growth, driven by the increasing adoption of precision farming techniques in countries like China and India to address food security challenges and improve agricultural productivity.
Key Questions answered in the Smart Farming Market Report are:
- What was the Smart Farming market size in 2024?
- What is the expected Smart Farming market size by 2030?
- What are the Smart Farming market segments?
- Which Smart Farming market segment is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Smart Farming Industry?
- What key trends are expected to emerge in the Smart Farming market during the forecast period?
- Which region dominated the global Smart Farming market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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