Agriculture & Forestry Industry Market News

Smart farming market forecast to 2021 detailed in new research report

Research analysts forecast the global smart farming market to grow at a CAGR of 12.24% during the period 2017-2021.

One trend in the market is big data in smart farming.

Big data in smart farming is giving rise to a lot of opportunities in the agriculture industry. Improvement in wireless communication in the agricultural field is leading to growth in production level.

Moreover, improvements in functional safety, and repair and maintenance of equipment in the field are giving rise to a crop production level.

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According to the smart farming market report, one driver in the market is availability of low-cost cloud services encourages farmers to adopt smart farming. Currently, farming applications are increasingly moving to the cloud system, with farmers aiming at benefits in terms of better data access, availability of information, synchronization in different farming activities, and storage of valuable information.

In smart farming, sensors and other monitoring tools are of great importance as they collect information about the soil, crop health, and environmental conditions that might affect the crops.

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The vast amount of information generated by these monitoring devices is collected in the cloud so that farmers can get easy access to the information they need.

Major key players in the global smart farming market: AGCO, Ag Leader Technology, DICKEY-john, John Deere, and Raven Industries, Auroras, Farmers Edge, Iteris, PrecisionHawk, Precision Planting, and Trimble.

Further, the smart farming market report states that one challenge in the market is high initial investment in smart farming technology. The adoption of smart farming tools and techniques in both hardware and software is growing worldwide.

However, investment in these tools is a major concern in many places. Some farmers find it difficult to afford, implement, and upgrade the technology of the tools.

Moreover, software integration is expensive and requires high initial investment. The charges for other data analytics tools and training are also high, which adds to the overall cost incurred by farmers.

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Major Points from Table of Contents:

1: Executive Summary

2: Scope of The Report

3: Research Methodology

4: Introduction

5: Market Landscape

6: Market Sizing

7: Market Segmentation By Product

8: Market Segmentation By Application

9: Regional Landscape

10: Decision Framework

11: Drivers and Challenges

12: Market Trends

13: Vendor Landscape

14: Vendor Analysis

15: Appendix

Complete report on smart farming market spread across 99 pages, analyzing 11 major companies and providing 54 data exhibits now available at…t-2017-2021.html.

Few Points from List of Exhibits:

Exhibit 1: Advantages of Smart Farming

Exhibit 2: Global Automation and Robotics Market in Agriculture

Exhibit 3: Global Smart Farming Market

Exhibit 4: Market Characteristics

Exhibit 5: Market Segments

Exhibit 6: Market Definition – Inclusions and Exclusions Checklist

Exhibit 7: Market Size 2016

Exhibit 8: Validation Techniques Employed For Market Sizing 2016

Exhibit 9: Global Smart Farming Market – Market Size and Forecast 2016-2021 ($ Mn)

Exhibit 10: Global Smart Farming Market – Year-Over-Year Growth 2017-2021 (%)

Exhibit 11: Five Forces Analysis

Exhibit 12: Global Smart Farming Market By Product – Market Share 2016-2021 (%)

Exhibit 13: Comparison By Product

Exhibit 14: Global Smart Farming Market By Automation and Control Systems – Market Size and Forecast 2016-2021 ($ Mn)

Exhibit 15: Global Smart Farming Market By Automation and Control Systems – Year-Over-Year Growth 2017-2021 (%)


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