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A Qualitative Research Study accomplished by Data Bridge Market research’s database of 350 pages, titled “Global Smart Farming Market “ with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. To make the business successful, adopting such a Global Smart Farming Market research report is one the vital keys. Market research study finds out the general market conditions while working on this report. It also figures out the potential market for a new product to be launched and assesses the client company’s market share and possible sales volume. Moreover, it recognizes the types of consumers, their response and views about the products, and their thoughts on the step-up of a product. The persuasive Smart Farming Market report also estimates the most appropriate method for the distribution of certain products.
Data Bridge Market Research analyses that the Global Smart Farming Market was valued at USD 12.80 billion in 2021 and is expected to reach USD 33.69 billion by 2029, registering a CAGR of 12.86% during the forecast period of 2022-2029.
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Smart Farming Market Analysis:
This Smart Farming Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Smart Farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
List of the leading companies operating in the Smart Farming Market includes:
Recent Developments
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Smart Farming Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of smart farming market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.
The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.
Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the smart farming market.
Opportunities
Furthermore, use of unmanned aerial vehicles or drones in agricultural farms and popularity of land-based recirculating aquaculture systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in focus on integration of smartphones with agricultural hardware and software applications will further expand the market.
Restraints/Challenges
On the other hand, high cost for development of modern agricultural equipment and fragmented agriculture industry are expected to obstruct market growth. Also, management of large volumes of data for productive decision making and environmental concerns are projected to challenge the smart farming market in the forecast period of 2022-2029.
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Global Smart Farming Market Segmentations:
Agriculture Type
Software
Service
Solution
Application
Smart Farming Market Country Level Analysis
The countries covered in the Smart Farming market report are South Africa, Saudi Arabia, U.A.E., Egypt, Israel, the Rest of Middle East and Africa, U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Switzerland, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina and Rest of South America. North America dominates globally due to rising demand for advanced technologies and software design and development.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market’s current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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Key Benefits of the report:
This study presents the analytical depiction of the global Smart Farming industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Smart Farming market share.
The current market is quantitatively analysed to highlight the global Smart Farming market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global Smart Farming market analysis based on competitive intensity and how the competition will take shape in the coming years.
Table of Content: Global Smart Farming Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Smart Farming Market, Agriculture Type
7 Global Smart Farming Market, Software
8 Global Smart Farming Market, By Service
9 Global Smart Farming Market, By Solution
10 Global Smart Farming Market Application
10 Global Smart Farming Market, By Region
11 Global Smart Farming Market, Company Landscape
12 Swot Analysis
13 Company Profile
14 Questionnaire
15 Related Reports
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-farming-market
Browse Related Reports:
Global Precision Farming Software Market, By Delivery Model (Local/ Web- Based and Cloud- Based), Technology (Guidance System Technologies, Remote Sensing and Control System and Variable Rate Technology), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Inventory Management, Farm Labour Management, Financial Management and Others)- Industry Trends and Forecast to 2028: https://www.databridgemarketresearch.com/reports/global-precision-farming-software-market
Global Indoor Farming Technology Market, By Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-Based and Hybrid), Facility Type (Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms and Indoor Deep Water Culture (DWC) Systems), Component (Hardware and Software and Services), Crop Type (Fruits and Vegetables, Herbs and Microgreens, Flowers and Ornamentals and Others)- Industry Trends and Forecast to 2029: https://www.databridgemarketresearch.com/reports/global-indoor-farming-technology-market
Global Crop Scouting Precision Farming Market, By Offerings (Hardware, Software, Services), Technology (Guidance Technology, Remote Sensing Technology, Variable Rate Technology) – Industry Trends and Forecast to 2029. https://www.databridgemarketresearch.com/reports/global-crop-scouting-precision-farming-market
Global Variable Rate Precision Farming Market, By Offering (Hardware, Software, Services), Technology (Map-Based Variable Rate Technology, Sensor-Based Variable Rate Technology), Application (Precision Irrigation, Precision Seeding, Precision Fertilization, Pesticide Variable Rate Application) – Industry Trends and Forecast to 2029. https://www.databridgemarketresearch.com/reports/global-variable-rate-precision-farming-market
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
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