Smart Agriculture Market to Reach US$23.44 Billion by 2025 - Transparency Market Research

ALBANY, New York, September 24, 2018 /PRNewswire/ --

The global smart agriculture market depicts the presence of a highly competitive and fragmented vendor landscape, says Transparency Market Research on the basis of a newly published report. Such a fragmented structure mainly exists due to several players heavily competing with each other on the basis of latest agricultural machines and devices sold. In 2016, four players namely, Raven Industries, Inc., Trimble Navigation, Deere & Co, and AgJunction, Inc., collectively comprised only about 15.5% of the total market shares. This corroborates the presence of an extremely competitive presence of the global smart agriculture market. Most players are increasing their stakes in this sector to focus on research and developmental activities in order to register high revenue figures. With the number of new players entering this field expected to increase, the competitive intensity is anticipated to highly intensify in the near future.

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Request a Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11561

As per expert analysts, the global smart agriculture market is prophesized to exhibit an impressive CAGR of 13.5% during the forecast period from 2017 and 2025. In this time span, the market is expected to reach a revenue valuation of US$23.44 bn by 2025, which is a decent increase from a previous valuation of US$6.55 bn achieved in 2016.

In terms of application, the precision agriculture sector accounted for nearly 50% of the overall market in 2016, and is expected to continue as a leading segment owing to a rise in demand of highly efficient and quality agricultural processes. Geography-wise, the smart agriculture market depicts a mammoth presence in North America, mainly due to widespread adoption of equipment powered by new technologies that promises high agricultural yield. This region is likely to continue holding its dominant position owing to the high demand for automation in the field of commercial agriculture.

Request a PDF Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11561

Increasing Requirement for Quality Foods Fuels Smart Agriculture Market 

Rising demand for high quality agro-produce to provide a fast increasing global population with adequate foodstuffs is majorly driving the global smart agriculture market. This is mainly due to the fact that smart machines help agro-based industries achieve a high target, which is highly necessary when it comes to agricultural produce. Moreover, a rising awareness about vast benefits associated with highly advanced technologies utilized to increase production capacities is also making the smart agriculture market glide smoothly to depict a splendid revenue generation.

Several machines that comprise this sector enable reduction in time taken for undertaking different processes, thus attracting a large audience of agriculturists from a global perspective. In addition, many governments are focusing on making the agricultural sector more productive by implementing various reforms and funds in order to make the market achieve a healthy growth trajectory in the near future. With such favorable actions undertaken by governments, numerous companies are investing mammoth amounts of money in the market, consequently providing it with a strong impetus to expand profitably.

Request for Customization Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11561

Costly Smart Agricultural Equipment Hampers Expansion 

However, high costs of machines and equipment needed to implement smart agricultural activities is majorly restraining the global smart agriculture market. Moreover, less awareness regarding the benefits of such equipment in remote and underdeveloped regions stunts the market's expansion from a geographical perspective. Nevertheless, several players are soon expected to manufacture cost regulated equipment and devices. This could certainly reduce effects of most restraints affecting the global smart agriculture market in the near future.

This analysis of the global smart agriculture market is based on a recent market research report by Transparency Market Research, titled "Smart Agriculture Market (Solutions - Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistic and Supply Chain Management, and Smart Water Management; Application - Precision Agriculture, Livestock Monitoring, Fish Farming, and Smart Greenhouse) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025."

Request for Discount Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=11561

Key Takeaways: 

• Rising demand for high quality agro-produce to provide a fast increasing global population with adequate foodstuffs is majorly driving the global smart agriculture market.
• With the number of new players entering this field expected to increase, the competitive intensity is anticipated to highly intensify in the near future.

Download Report TOC for in-depth analysis at https://www.transparencymarketresearch.com/report-toc/11561

Key segments of the global smart agriculture market:

Global Smart Agriculture Market, By Solution -

• Network Management
• Agriculture Asset Management
• Supervisory Control and Data Acquisition
• Logistics and Supply Chain Management
• Smart Water Management
• Others

Global Smart Agriculture Market, By Application -

• Precision Agriculture
• Livestock Monitoring
• Fish Farming
• Smart Greenhouse
• Others

Global Smart Agriculture Market, By Geography -

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • U.K
  • Germany
  • Italy
  • France
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific

• Middle East and Africa 
  • Saudi Arabia
  • Egypt
  • South Africa
  • Rest of Middle East and Africa

• Latin America
  • Brazil
  • Rest of Latin America

Popular Research Reports by TMR: 

• Agriculture Drone Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2018 - 2026: https://www.transparencymarketresearch.com/agriculture-drone-market.html
  
• Agriculture Robots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024: https://www.transparencymarketresearch.com/agriculture-robot-market.html

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. 

Contact:
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

Research Blog: http://www.techyounme.com/