Albany, New York, Nov. 20, 2018 (GLOBE NEWSWIRE) -- The global smart agriculture market has a fragmented vendor landscape due to the presence of a large number of players operating. Competition among the players is likely to increase as new players enter the market. Leading players in the market are focusing on technological advancements and expanding their product line to strengthen their position in the market. These players are also adopting various strategies such as mergers, collaborations, acquisition, and expansion gain competitive edge in the market. Raven Industries Ltd., SST Development Group Inc., TeeJet Technologies, Trimble Navigation Ltd., and AgJunction Inc. are some of the prominent players of the market.
According to Transparency Market Research (TMR), the global smart agriculture market is expected to rise at a staggering 13.5% CAGR over the forecast tenure between 2017 and 2025. The market is expected to touch US$23.44 bn by the end of 2025 progressing from US$6.55 bn earned in 2016.
Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11561
The demand for network management solution increases as it deals operations such as remote monitoring systems to enhance agriculture production. Smart agriculture equipment also helps in analyzing data generated from the agriculture fields. Based on regional analysis, the demand for smart agriculture is increasing considerably in Asia Pacific. This is because some of the key countries in Asia Pacific like China and India are largely involved in agricultural activities thus creating lucrative growth opportunities for this market.
Get a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11561
Rising Concerns Related to Decreasing Arable Land to Help Market Gain Momentum
Globally, the demand for cloud based services, GPS, Internet of things, and other similar technologies are used vastly since last few years due to the technological changes that are taking place. Supportive government policies are likely to create lucrative growth opportunities for the smart agriculture market. Rising adoption of artificial intelligence and internet of things by farmers is also likely to drive the smart agriculture market. Growing adoption of modern agriculture techniques and rising need to track livestock and disease detection are also pushing the demand for smart agriculture equipment.
Furthermore, the rising population of tech-savvy and well-educated farmers, growing concerns for decreasing arable land, and availability of advanced agriculture machines and associated technologies are likely to provide a fillip to the smart agriculture market.
Request a Custom Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11561
High Cost of Installation of Smart Agriculture Equipment to Hamper Market Performance
Though the demand for smart agriculture is rapidly increasing across the globe, certain factors are restricting its expansion to an extent. Limited knowledge among the people involved in agriculture activities about benefits of using smart agriculture. The high cost of installation of smart agriculture equipment and lack of standardization in smart agriculture are some of the main factors restricting the growth of the market. Moreover, issues related to data management and data aggregation is considered to deter market’s growth. However, integration of smartphone with hardware and software applications and the introduction of big data in agriculture farms are expected to increase the demand for smart agriculture over the coming years.
The information presented in this review is based on a TMR report, titled “Smart Agriculture Market (Solutions - Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistic and Supply Chain Management, and Smart Water Management; Application - Precision Agriculture, Livestock Monitoring, Fish Farming, and Smart Greenhouse) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
Browse Research Release- https://www.transparencymarketresearch.com/pressrelease/smart-agriculture-market.htm
Global Smart Agriculture Market has been segmented as presented below:
Global Smart Agriculture Market: By Solution
- Network Management
- Agriculture Asset Management
- Supervisory Control and Data Acquisition
- Logistics and Supply Chain Management
- Smart Water Management
- Others
Global Smart Agriculture Market: By Application
- Precision Agriculture
- Livestock Monitoring
- Fish Farming
- Smart Greenhouse
- Others
Browse More IT & Telecom Market Research Reports
Popular Research Reports by TMR:
- Smart Homes Market: https://www.transparencymarketresearch.com/smart-homes-market.html
- Smart Speaker Market: https://www.transparencymarketresearch.com/smart-speakers-market.html
- Smartphone Market: https://www.transparencymarketresearch.com/smartphone-market.html
About Us:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact Us
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/