Title: Smart Farming Market – Trends Forecast Till 2030
1Smart Farming Market Projections USD 30.6
Billion Expected by 2030 (11.2 CAGR)
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2Smart Farming Market Trends Forecast Till 2030
The Smart Farming Market research report offers a
market overview along with current market
dynamics, trends, and developments. It also
provides market CAGR, revenue value, volume, and
forecast. Furthermore, the research study
categorizes the market by volume, revenue, and
price history to the projected size and trend
analysis by identifying the opportunities and
gaps. Moreover, the report also offers a regional
breakdown covering vital regions like North
America, South America, Asia Pacific, Middle
East, and Africa.
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3Market Overview
The global Smart Farming Market size was
estimated at USD 14.5 billion in 2023 and is
projected to reach USD 30.6 billion in 2030 at a
CAGR of 11.2 during the forecast period
2023-2030. Smart farming refers to the
utilization of one or more technologies in the
agricultural process to enhance efficiency and
effectiveness. It embodies an innovative and
sophisticated approach towards farming in order
to attain maximum output and minimize human
labour. Advanced technology encompasses the
utilization of hardware, service, and software in
the agricultural process, including techniques
such as irrigation management, crop scouting,
harvesting, and seeding. the adoption of IoT and
artificial intelligence by farmers has
facilitated crop field monitoring and irrigation
automation. This innovation has provided farmers
with cost-effective and optimal solutions,
reducing the need for manual intervention and
consequently boosting the growth of the smart
farming market. Smart farming is undergoing a
rapid transformation from both a service and
product standpoint. The transformation, which
includes changes to business models,
technological disruptions, and organizational
changes, presents a challenging yet exciting
opportunity. As a result, the value sales of the
global smart farming market are increasing due to
the ongoing technology revolution in smart
farming.
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4Delvens Industry Expert's Standpoint
The pandemic had a considerable impact on
businesses globally, with nations like India and
China bearing the brunt of the virus's outbreak.
The employment of smart farming techniques is
gaining momentum globally due to its ability to
enhance the yield per unit of farmland, thereby
achieving optimal quantity, quality, and
financial gains. This technology facilitates
informed decision-making, curtails waste, and
augments operational efficiency. The smart
farming market is driven by the assimilation of
current technologies such as variable rate
technology (VRT), data management software,
mapping software, yield mapping software, and GPS
in agricultural products. The utilization of
these methods results in increased land fertility
and profitability, heightened productivity,
reduced farming costs, and promoted sustainable
agriculture. Nevertheless, the high cost of
developing modern agricultural equipment and the
disaggregated nature of the agriculture industry
is likely to impede smart farming market
expansion. Effective decision-making through the
management of extensive data and environmental
considerations are also crucial factors to be
taken into account. These factors have led to the
expansion of the market and increased demand for
Smart Farming Market solutions.
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5Competitive Landscape
- Ag Leader Technology
- AgEagle Aerial Systems Inc.
- AgJunction
- AgriData Incorporated.
- Aker Solutions
- Auroras s.r.l.
- Ceres Imaging, Inc
- Conservis
- CropX inc.
- Deere Company.
- Dickey-John.
- Farmers Edge Inc
- Gamaya
- Granular, Inc.
- Grownetics, Inc.
- Iteris, Inc.
- Mothive
- Raven Industries, Inc.
- Reed Business Information Ltd
- The Climate Corporation
- Topcon Corporation
- Trimble Inc.
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6Recent Developments
- In July 2023, Deere Company announced the
acquisition of Smart Apply, Inc. The company
planned to leverage Smart Applys precision
spraying to assist growers address the challenges
associated with input costs, labor, regulatory
requirements, and environmental goals. - In April 2023, AGCO Corporation announced a
strategic collaboration with Hexagon, for the
expansion of AGCOs factory-fit and aftermarket
guidance offerings. The new guidance system was
planned to be commercialized as Fuse Guide on
Valtra and Massey Ferguson tractors.
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7Reasons to Acquire
- Increase your understanding of the market for
identifying the most suitable strategies and
decisions based on sales or revenue fluctuations
in terms of volume and value, distribution chain
analysis, market trends, and factors. - Gain authentic and granular data access for the
Smart Farming Market to understand the trends and
the factors involved in changing market
situations. - Qualitative and quantitative data utilization to
discover arrays of future growth from the market
trends of leaders to market visionaries and then
recognize the significant areas to compete in the
future. - In-depth analysis of the changing trends of the
market by visualizing the historic and forecast
year growth patterns.
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8Contact Information
About Us Delvens is a strategic advisory and
consulting company headquartered in New Delhi,
India. The company holds expertise in providing
syndicated research reports, customized research
reports and consulting services. Delvens
qualitative and quantitative data is highly
utilized by each level from niche to major
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by assuring to provide the information on
country, regional and global business
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industries in more than 115 major countries
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