This report provides 360 Degree perspective of the IoT Market in Smart Farming industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure.
The latest industry research report onIoT Market in Smart Farming by MRC provides a thorough analysis of the IoT Market in Smart Farming market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc.
over the predicted time frame. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
Other Prominent Vendors in the market are: Virtus Nutrition, John Deere, Precision Planting, Accenture, AGCO, Auroras, CEMA, DigiReach, Libelium, Link Labs, Mouser Electronics, Postscapes, Pycno, SemiosBio Technologies, Senix, Senseye, Sensolus, SmartFarming, Softweb Solutions, Solution Analysts, and Topcon Positioning Systems.
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Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Big data in smart farming. Big data in smart farming is gaining growth momentum in the agricultural industry.
The improvement in wireless in-field communication, functional safety, and repair and maintenance information in order to realize unified interfaces provides opportunities for the adoption of big data in smart farming techniques. Big data is one of the key data capturing tools for better control of data from agricultural operations.
The data related to the environment, digital maps of land surfaces, farm management, and machine data collectively serves smart farming.”
According to the report, one of the major drivers for this market is Reduction in cost of sensors. The increase in the adoption of wired and wireless sensors in the market is mainly driven by the reduction in costs.
The development of communication technologies like 4G also supports the adoption of sensors in smart farming practices. The installation cost is being reduced due to technological advances and easy assembling options provided by sensor manufactures.
The cost of sensors has continued to reduce, which indicates that the competition is increasing and hardware providers are looking forward to offering low-cost sensors. The competitive scenario prevailing among the major manufacturers of sensors as well as service providers is increasing, which will have a positive impact to the increasing adoption of smart farming.
Further, the report states that one of the major factors hindering the growth of this market is High initial capital cost for IoT integration in smart farming. The global IoT market in smart farming is growing with the development of smart solutions.
The high initial capital and other service costs that involve installation and maintenance of hardware and software can lead to slow growth in the adoption of IoT in smart farming. IoT integration costs are considerably high, and the installation requires a large initial one-time payment.
The cost of implementation and services related to IoT systems is greater than the costs saved by using the technology. The cost of data analytics and other related services offered by start-ups as well as leading vendors is increasing.
Companies and service providers generally add service charges that are not affordable by farmers; this will affect the investments by the farmers for the implementation of IoT in smart farming.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments.
It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Key Topics Covered in the Report:
- Comprehensive overview of parent market with market definition, classification
- Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
- Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
- Value Chain Analysis, Strategic insights, and market estimations
- Technology, trends, developments, and changing market dynamics of the Cannabis Testing industry
- Facts, stats, historical data, market size forecast regarding volume and value
- Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
- Insights on prospective opportunities and challenges, success and risk
The report brings to your attention analysis of the IoT Market in Smart Farming market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions.
It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
Report Details @ marketreportscenter.com/reports/56…farming-2017-2021
The research report takes different facets into consideration to scrutinize the IoT Market in Smart Farming industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
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