Smart Agriculture Market: Size, Growth, Regional Analysis, And Market Analysis

Posted By : arorasurbhi on 2021-12-06   17:44:57    India
  Smart Agriculture Market

Description

Smart Agriculture:

Smart agriculture is a concept that focuses on providing the infrastructure for the agricultural business to adopt new technology. Furthermore, connected technologies such as WiFi, Zigbee, extra wireless sensors, and low-power wide-area network technology are some of the various technologies that enable farmers to successfully execute various agriculture operations such as harvesting, purchasing, planting, and inventory control.

Market Growth:

From 2020 to 2025, the Smart Agriculture Market is expected to develop at a CAGR of 9.8%. The market is expected to develop at a CAGR of 9.8%, from USD 13.8 billion in 2020 to USD 22.0 billion in 2025.

Because of favourable government backing for adopting new farming techniques to boost product yield, the market is growing rapidly. Market expansion is fueled by a growing global population and a growing demand for agricultural outcomes to meet global demand. The growing use of smart technology for livestock monitoring, labour cost reduction, and production improvement drive upmarket demand once more. However, the market expansion is projected to be limited by the expensive cost of devices and a lack of understanding among farmers about the benefits.

Smart Agriculture Market growth is likely to be fueled by increased government measures to promote the agriculture industry. As a result of various government efforts aimed at supporting farmers and increasing yield productivity, the market is likely to develop faster throughout the forecast period. The key factors projected to boost the market growth in the coming years are a significant increase in the level of adoption of Artificial Intelligence and the Internet of Things by growers and farmers and a growing focus on disease detection and livestock monitoring to improve farming efficiency.

Read More: https://coherentmarketblogs.blogspot.com/2021/07/smart-agriculture-market-size-growth.html




About Author

arorasurbhi Delhi India
I am a blogger and I write Report Oriented Blogs

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