Smart Farming Market – Global Industry Analysis and Forecast (2022-2029)

1. Smart Farming Market – Key Drivers, Product Benchmarking, Along with Key Industry Players and Latest Acquisitions and Mergers. The market for Smart Farming is anticipated to expand at a CAGR of XX% from US$ XX Bn in 2021 to US$ XX Bn in 2029. A report on the Smart Farming market has been released by Maximize Market Research, a renowned global provider of data and research on the regional and global aerospace and defence sector. The research provides market sizes by region and predictions through 2029 in addition to other key business information. Get Sample PDF (Including Full TOC, Tables And Figures) of Market @ :https://www.maximizemarketresearch.com/request-sample/22769 The research covers a wide range of market- and industry-related topics. Product launches, company growth, alliances, joint ventures, and acquisitions are a few marketing strategies. The creation of this study has taken into account all significant elements of market research that are essential to the situation of the industry today. This market research analysis also covers the key business trends, challenges, and opportunities. The leading business consultant for the aerospace and defence sector, Maximize Market Research, recently published a report on the competitive landscape and market intelligence for the Smart Farming Market. An expert with 18 years of expertise looked at the market from both a domestic and international viewpoint using both primary and secondary data. Smart Farming Market Overview: By conducting a detailed statistical analysis of current and emerging trends, the fundamentals of the ## Market may be better understood. In order to assess the importance of numerous aspects, including threats provided by diverse agents, competitive strength, and the understanding of a resource by ambitious young enterprises, the study examines Porter's five forces. The study looked at each country at the micro level to establish the total market size by countries and market categories. With the use of a method known as "bottom-up" forecasting, the size of the regional and global markets is determined. A micro level analysis of each country will reveal how much the underground market contributes to the growth of the larger market. The findings were supported by in-depth interviews with well-known local business owners. The information used in secondary research is obtained from both for-profit and open-access sources, and it is then analysed. The sources for consumption by category and supply by each player in each country are actual government data, commercial databases, and annual reports of publicly traded companies. Smart Farming Market reached a value of US $ 10.68 Mn. in 2021. Natural Gas is one of the dominating segment of the Global Smart Farming Market. Smart Farming Market Segmentation: Based on the Farming Type, the Smart Farming Market is segmented into Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others. The Precision Farming type segment held the largest market share accounting for 48% in 2021. The segment growth is attributed to the growing adoption of smart technology to increase farm efficiency and productivity of yield. The implementation of precision farming tools is making agriculture more profitable, which gaining more attention from major companies to make a huge investment in the farming sector. By implementing Smart Technology, such as computer vision and AI solutions for precision agriculture, farmers are able to manage yield, and eliminate irregularities in the crop's well-being, along with surge productivity by 40%. The Livestock Monitoring segment is expected to witness significant growth at a CAGR of 9.1% during the forecast period. Livestock Monitoring helps the farmers by tracking the real-time monitoring of health, production, and welfare of livestock to enhance yields. The increasing size of farms and rising technological advancements are boosting the product demand for livestock monitoring management. Based on the Application, the Smart Farming Market is segmented into Irrigation Management, Yield Monitoring, Crop Scouting, Field Mapping, Weather tracking and forecasting, Inventory Management, and Farm Labor Management. The Yield Monitoring segment held the largest market share, accounting for 45.1 % in 2021. The segment growth is attributed to the growing demand for monitoring crop yield growth and decreasing wastage by providing timely required water and fertilizers with another essential.

2. The Irrigation Management segment is expected to witness rapid growth at a CAGR of 8.7% during the forecast period. Irrigation Management offers solutions and systems to effectively utilize water by finding the irrigation inputs need to yield in farm fields. Today, 3200 million people live in farming areas with considerable water shortages of whom 1200 million people live in areas with very high water constraints, as a result, there is a growing need for irrigation management, which is fueling the segment growth during the forecast period. Get Free Sample :https://www.maximizemarketresearch.com/request-sample/22769 Regional Analysis:      North America Europe Asia-Pacific Middle East and Africa (MEA) South America In the research's examination of the Smart Farming Market, cost structures, market shares, the producers' supply networks, and the laws and regulations in force at the time are all taken into account. It is possible to analyse the regional markets for the ## Market by comparing the cost of locally produced goods to the profit made. Smart Farming Market Key players: • AKVA • Antelliq • Afimilk • InnovaSea Systems • Heliospectra • LumiGroW • InnovaSea Systems • ABACO • Treemetrics ??????? ????????? ????? ???:  To create an effective R&D plan, market research, competitive analysis, and a look at strategic insight are required. To obtain the upper hand, look for new competitors with wide product offerings. To expand the potential and reach of the business, develop and implement licencing and distribution plans by choosing possible partners who have the most enticing initiatives. After making your purchase, you'll get the most recent information-updated report within 2-4 business days.    Contact Us: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2, Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India.