IARC

Smart Agriculture Market Boosting Yield In Agriculture To Create Lucrative Opportunities

Press Release   •   Aug 31, 2017 05:53 EDT

Smart Agriculture Market deals with the use of technologies to enhance productivity. The main advancement behind this kind of environment sector is the technology involved in smart and precision farming, which includes wireless local area networks, ZigBee sensor networks, cloud computing and several others.

Smart Agriculture Market with the use of such technologies ensures that remote monitoring of the farm is possible. All the data’s can be collected, placed and used in a better ways. Global warming the main reason behind resulting of the drastic change of climate across the world. Exponential increase in population levels which has initiated the demand for food, need of livestock monitoring, increasing the crop yield and its quality through technological advancements adopt farming technology for agriculture.

Scope & Regional Forecast of the Smart Agriculture Market

Smart Agriculture Market is a cost-effective method for maintainable cultivation, which aims to efficiently increase the efficiency in the changing environment with the use of innovative technology. It provides the shareholders worldwide to identify agricultural strategies suitable to their regions. The farmers can greatly benefit from smartfarming as the efficiency of inputs such as seeds, labor and fertilizers will increase, resulting in more opportunities for income. Due to the global warming, the weather is becoming impulsive or irregular. Floods, cyclones and droughts have impacted the agriculture industry.

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The solutions providers, farmers and agriculture equipment manufacturers are adopting the internet of things to boost the smart agriculture industry. Based on the offering the smart agriculture industry has been divided into three categories hardware, solutions and services. The hardware for precision agriculture farming includes automation, monitoring and sensing systems. GPS, transmitters and RFID tags, readers, mounting equipment for livestock monitoring. Hardware for smart greenhouse includes HVAC and LED systems. Remote monitoring based is cloud based. The service section has various components such as integration, implementation, maintenance and consulting.

Smart Agriculture Market, due to the lack of technical knowledge of growers and high initial investment for research and technology farming expansion, smart farming will take time to blowout its roots in developing and underdeveloped regions. Nevertheless, the penetration of internet facility in remote areas will greatly impact the agriculture industry in the future. North America, South America, APAC, Europe, Middle East and Africa are the regions witnessing a substantial growth in the market.

Segmentations & Key Players Involved in the Smart Agriculture Market

According to IndustryARC findings, the Smart Agriculture Market can be broken down into various segmentations on the basis of –

  • Hardware: Sensors, Displays, Transceivers, Gateways and Others
  • Service: Integration, Implementation, Maintenance and Consulting
  • Solution: Remote Monitoring, Supply Chain Management, Quality Assurance, Data Analytics, Connectivity and Others
  • Geography: North America, Europe, Asia-Pacific and Rest of the World

Some of the key players involved in the Smart Agriculture Market according to IndustryARC are as follows:

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