According to the new market research report "Smart Agriculture Market
by Hardware and Network Platform (GPS/GNSS Devices, Sensor Monitoring
Systems, and Gateway/Router), Service (Connectivity, System Integrator,
Supply Chain Management), Software, Application, and Geography -
Global Forecast to 2022", the smart agriculture market is
estimated to reach USD 18.45 Billion by 2022, at a CAGR of 13.8% between
2016 and 2022. The factors which are driving the Smart agriculture
market include the increasing adoption of technology in agriculture,
global increase in the food demand, and assistance in monitoring
livestock performance and health.
Sensor monitoring system expected to lead the smart agriculture market by hardware and network platform
The market for sensor monitoring systems is expected
to hold the largest share of the smart agriculture market by 2022.
Sensor monitoring system is used in yield monitors, soil sensors, water
sensors, climate sensor, and others. It is used to collect information
of crops, yield, livestock, fisheries, and others for the purpose of
analysis and effective decision-making.
System integrators dominate the smart agriculture market by service
The market for system integrators dominated the Smart
agriculture market on the basis of services in 2015. This is mainly
because of the important role it plays in the integration of the
software and hardware equipment. It helps in troubleshooting and
diagnosing farm management solutions, which also involves developing new
concepts related to software and hardware equipment.
North America dominated the global smart agriculture market in 2015
North America dominated the global smart agriculture
market in 2015. North America is one of the pioneers for precision
farming operations and the adoption of precision farming in the region
is boosted by factors such as continuous advancements in technology,
reducing price of equipment, usage of social media and online
publications for spreading awareness, and so on.
This research report categorizes the global smart
agriculture market on the basis of hardware and network platform,
services, software, application, and geography. This report describes
the drivers, restraints, opportunities, and challenges with respect to
the smart agriculture market. The Porter’s five forces analysis has been
included in the report with a description of each of its forces and
their respective impact on the Smart agriculture market
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