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Global Smart Agriculture Market Size, Share, Growth Report, 2023-2028


IMARC Group's report titled " Smart Agriculture Market Report by Agriculture Type (Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others), Offering (Hardware, Software, Service), Farm Size (Small, Medium, Large), and Region 2023-2028 ", Offers a comprehensive analysis of the industry, which includes insights on the global smart agriculture market

How big is the smart agriculture market?

The global smart agriculture market size reaches US$ 15.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.68 Billion by 2028, exhibiting a growth rate (CAGR) of 9.33% during 2023-2028.

Factors Affecting the Growth of the Global Smart Agriculture Industry:
  • Increasing Trend of Precision Farming:
Precision farming techniques, coupled with the integration of the Internet of Things (IoT), are transforming agriculture. IoT sensors and devices collect data on soil conditions, weather patterns, crop health, and machinery performance. Farmers can analyze this real-time data to make informed decisions about irrigation, fertilization, pest control, and harvesting. This data-driven approach increases efficiency, reduces resource waste, and improves overall crop yield and quality. Additionally, the automation of farming tasks through IoT-connected machinery and drones further enhances productivity, reduces labor costs, and minimizes the environmental impact of farming. Precision farming is a cornerstone of smart agriculture's growth.
  • Technological Advancements:
The world's population is continuously growing, putting pressure on the agricultural sector to produce more food while conserving resources. Smart agriculture technologies address these challenges by optimizing resource usage and crop management. With the help of data analytics, farmers can implement precise strategies to maximize yields and minimize food waste, contributing to global food security. The ability of smart agriculture to enhance food production and quality aligns with the increasing demand for sustainable and efficient farming practices. Governments and organizations are recognizing the importance of smart agriculture in ensuring a stable food supply for the future, driving adoptions and adoption.
  • Regulatory Support and Environmental Sustainability:
Environmental concerns and regulations are driving the adoption of smart practices agriculture. Sustainable farming methods that reduce the use of chemicals and water while optimizing crop output are essential for preserving the environment and addressing climate change. Governments and regulatory bodies are providing support and incentives for farmers to adopt smart agriculture technologies. This includes funding for research and development, subsidies for IoT devices, and compliance requirements related to sustainable farming practices. As environmental consciousness grows, the adoption of smart agriculture becomes economically beneficial and also necessary for long-term agricultural sustainability.

For an in-depth analysis, you can refer sample copy of the report:  https://www.imarcgroup.com/smart-agriculture-market/requestsample

Leading Companies Operating in the Global Smart Agriculture Industry:
  • AG Leader Technology
  • AGCO Corporation
  • AgJunction Inc. (Kubota Corporation)
  • CLAAS KGaA mbH
  • CropMetrics LLC (CropX inc.)
  • Deere & Company
  • DICKEY-john
  • Farmers Edge Inc.
  • Gamaya
  • Granular Inc. (Corteva Inc.)
  • Raven Industries Inc. (CNH Industrial NV)
  • Trimble Inc.
Smart Agriculture Market Report Segmentation:

By Agriculture Type: 
• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Others
Precision farming dominates the market as it ensures uniform crop growth, leading to consistent yields and higher-quality production.

By Offering:
• Hardware
• Software
• Service
Hardware extracted for the largest market share as they serve as the foundation for gathering critical data and executing precision-based tasks.

By Farm Size:
• Small
• Medium
• Large
Medium-sized extracted for the largest market share as they occupy a unique position, balancing scale and resources to harness the benefits of both efficiency and adaptability.

By Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
North America leads the market due to advanced infrastructure, and robust technological innovation.

Smart Agriculture Market Trends:
The integration of Internet of Things (IoT) devices and sensors into agriculture practices is a prominent trend. These technologies provide real-time data on soil conditions, weather patterns, crop health, and equipment performance. Farmers can make data-driven decisions to optimize resource use and enhance crop yields.

Besides, precision agriculture techniques continue to gain traction. GPS-guided machinery, drones, and autonomous vehicles are used for precise planting, harvesting, and irrigation, reducing waste and increasing efficiency. Moreover, blockchain technology is being used to improve transparency and traceability in the agriculture supply chain. Consumers increasingly demand information about the origin and quality of their food.


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, considerations studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

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