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Global Smart Agriculture Market to Progress at a CAGR of 10.35% by 2028

The Global Smart Agriculture Market is likely to witness growth with a CAGR of 10.35% during the forecast period of 2022 to 2028. Request Free Sample Report.

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Global Smart Agriculture Market to Progress at a CAGR of 10.35% by 2028

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  1. Global Smart Agriculture Market to Progress at a CAGR of 10.35% by 2028 TritonMarketResearchpresentstheGlobal Smart Agriculture MarketreportsectionedbyType(PrecisionFarming,PrecisionAgriculture,LivestockMonitoring,SmartGreenhouse),byComponent(Solution[Hardware{HVACSystems,Valves&Pumps,LEDGrowLights,Sensors&ControlSystems,OtherHardware},Software{NetworkManagement,SmartWaterManagement,AgricultureAssetManagement,IrrigationManagement}],Service[Consulting,SystemIntegration&Deployment,Support&Maintenance],ConnectivityTechnology[CellularIoT,NB-IoT,LoRa,GlobalNavigationSatelliteSystem,Wi-Fi,Wireline,WirelessPersonalAreaNetwork(WPAN),Sigfox,OtherConnectivityTechnologies]),andRegionalOutlook(NorthAmerica,Asia-Pacific,LatinAmerica,MiddleEastandAfrica,Europe). ThereportfurtherdiscussestheMarketSummary,IndustryOutlook(KeyInsights,ImpactofCOVID-19,MarketAttractivenessIndex,Porter’sFiveForcesAnalysis,VendorScorecard,KeyMarketStrategies,RegulatoryFramework),MarketDrivers,MarketChallenges,MarketOpportunities,CompetitiveLandscape,ResearchMethodology&Scope,GlobalMarketSize,Forecasts&Analysis(2022-2028). RequestFreeSampleReport: https://www.tritonmarketresearch.com/reports/smart-agriculture-market#request-free-sample Thetermsmartagriculturereferstotheapplicationoftechnology,suchasrobotics,sensors,locationsystems,andartificialintelligence,forfarming.Triton’sreportestimatesthattheglobalmarketforsmartagriculturewouldwitnessgrowthataCAGRof10.35%overtheforecastperiod2022-2028.

  2. Corporatefarmingisgainingmomentumglobally,positivelyimpactingthesmartagriculturemarket.ItreferstotheownershipoffarmsbycorporationsandtheirroleinthesaleofagriculturalproductsCorporatefarmingisgainingmomentumglobally,positivelyimpactingthesmartagriculturemarket.Itreferstotheownershipoffarmsbycorporationsandtheirroleinthesaleofagriculturalproducts &promotingagriculturaleducation&research. Theorganizationsinthisfarmingpracticearewellequippedwithsmartagricultureresources,suchasautomationequipment,robots,andconnectivitytechnologies.Thesebusinessesalsohavesubstantialtransportation&storagefacilitiesandmarketing&advertisingtools.Therefore,anincreaseincorporatefarmingisanticipatedtoboostthemarket’sgrowth. However,certainsmartagriculturetechniques,suchasIoT-basedfarming,requirevarioussoil,temperature,humidity,andwatersensors.Theyareequippedwithadvancedtechnology,whichincreasesoperationalcosts.Thehighinvestmentsrequiredtodeploytheseequipmentareamajorsetbackforthesmartagriculturemarket. Globally,theAsia-Pacificisanticipatedtobethefastest-growingmarketovertheforecastedperiod.Theregion’srobustgrowthisduetotheriseinurbanization,rapidtechnologicaladvancements,andgrowingdisposableincome.Additionally,thesupportbythegovernmentstoadoptmodernagricultureisalsoanticipatedtoprovidelucrativeopportunitiestocountriesinthisregion. Inaddition,theAsia-Pacificisanticipatedtodevelopintoaglobalcenterforinnovationsrelatedtoverticalfarming,primarilyduetotheincreasedusageofIoTtechnology.Thus,theaforementionedfactorsareprojectedtobolstertheregion’ssmartagriculturemarket’sgrowth. TheleadingplayersinthemarketincludeMSDAnimalHealth(Merck&Co),DeLaval,LumiGrowInc,TopconPositioningSystemsInc,AkerTechnologiesInc,SemiosBioTechnologiesInc,RavenIndustries,AfimilkLtd,AgJunction,Deere&Company,AgEagleAerialSystemsInc,AKVA,AGCOCorporation,InnovaSeaSystemsInc,TheClimateCorporation(BayerAG),andTrimbleInc. Theprimarycostsofsteppingintothemarketarehighowingtotheneedforlargenetworks,services,andplatformsrequiredforsmartproducts,devices,solutions,etc.Also,thepresenceofprominentvendorswithenhancedaccesstoresourcesanddistributionnetworksposesasubstantialchallengefornewplayers. Further,buyershavebecomemoreawareoftechnologicaladvancements,andthusplaceincreasedpressureonvendors.However,governmentfundingforresearch,therisingnumberofpublic/privatepartnerships,andincreasinginterestbyventurecapitalistspresentlucrativeopportunitiestonewentrants. ContactUs:sales@tritonmarketresearch.comPhone:+447441911839

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