According to the new market research report "Global Smart Agriculture Market Outlook 2024”, published by Goldstein Research, the smart agriculture market to expand at a CAGR of 28.28% through 2024.
Growing penetration of communication technology is positively impacting the business opportunities for smart agriculture. This communication technology is used in application such as automated irrigation, water sprinkling, farm navigation and greenhouse farming.
Over 82% of U.S. farmers are using GPS technology for monitoring farm machinery and navigation. Rising penetration of communication technology is helping in improving the precision livestock monitoring and farm management which is likely to boost the demand for precision farming during the forecast period.
Also, Wi-Fi technology dominated the global Connected Healthcare market in 2016 and this technology is now anticipated to impact majorly on the Smart Agriculture market in the near future.
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Climatic changes directly impact agricultural production. In the past few years, the U.S. and Australia region experienced in the decline in agricultural productivity due to extreme heat in the region.
Nearly 75% of freshwater is utilized for agricultural purpose. The growing scarcity of water is a major challenge. However, implementation of smart irrigation system can reduce the water consumption up to 10% and will help in saving water for other agricultural application.
Digital farming helps in reducing the cost and minimizes the efforts related to agricultural activities. Efficient use of seeds, fertilizers and pesticides can be achieved with the help of smart agriculture. Adoption of advance technologies such as ZigBee, Bluetooth and WiFi are also helping in improving productivity and also helps in keeping the environment safe.
The Report is available at: http://bit.ly/2PHSoTI
“Global Smart Agriculture Market Outlook 2024
” by Goldstein Research contains a detailed overview of the newborn screening software market segmented in terms of market segmentation by type, application, industry verticals, material, product type or geography.
It highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of facility management market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major Key player of the Smart Agriculture Market discussed in the report are:
- Deere & Company
- Leica Geosystems
- Trimble Navigation Ltd.
- AgJunction Inc.
- Cisco Systems
- Hexagon AB
- AGCO Corporation
Further, for the in-depth analysis, the report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base point Scale ) analysis, Porter’s five forces model and SWOT analysis.
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