Smart Agriculture/Farming Market to Rise to USD 18.21 Bn by 2025, Forecasts Grand View Research in Its Report Available at MarketPublishers.com
06 Dec 2017 • by Natalie Aster
LONDON – By the year 2025, the worldwide market for smart agriculture/farming is predicted to increase to the value of appr. USD 18.21 billion. Some of the factors stimulating growth in this market comprise constantly rising global population number, favourable government initiatives, low availability of cultivated land and elevating demand for high-quality healthy food, amidst others.
Today, nearly 80% of people worldwide reside in urban cities. The prevailing scarcity of land in large cities has encouraged growers to adopt novel solutions for developing fresh produces. For example, the vertical farming technique gives an opportunity to grow crops indoor in layers, in multi-storey buildings, stacked on racks, or in a warehouse.
The software sector is predicted to rise at the highest CAGR (16.7%) during 2017-2025.
CropMetrics, Drone Deploy, DeLaval International, DICKEY-john Corporation and Farmers Edge are amidst the prominent participants active in the global smart agriculture/ farming market.
Topical research report “Smart Agriculture/Farming Market Analysis By Type (Precision Farming, Livestock Monitoring, Smart Greenhouse, Others), By Offering, By Application, And Segment Forecasts, 2014 - 2025” elaborated by Grand View Research, Inc. gives a comprehensive overview of the top trends and key developments in the world’s market for smart agriculture/farming. It includes updated statistics, covers the historical background and current scenario, reviews the current situation in the major geographical markets. Moreover, this research study discusses the main factors responsible for the market growth, outlines emerging growth opportunities and key challenges, delves deep into the market segmentation. Besides, the report presents a profound analysis of the competitive environment and profiles the leading companies active in the marketplace. In addition, a future outlook through 2025 is at hand.
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