Smart Agriculture Solution Market to Grow at a CAGR of 11.2% by 2026
Future Market Insights has announced the addition of the “Smart Agriculture Solution Market: Global Industry Analysis and Opportunity Assessment 2016- 2026" report to their offering.
Future Market Insights has announced the addition of the “Smart Agriculture Solution Market: Global Industry Analysis and Opportunity Assessment 2016- 2026" report to their offering.
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<strong>Smart</strong> <strong>Agriculture</strong> <strong>Solution</strong> <strong>Market</strong><br />
Global <strong>Smart</strong> <strong>Agriculture</strong> <strong>Solution</strong>s <strong>Market</strong>: Key Players & Dominant Regions<br />
The report pr<strong>of</strong>iles key players in the global smart agriculture solutions market, which include, Dirt Road<br />
D<strong>at</strong>a, Inc., AgJunction LLC, Iteris, Inc., Agribotix LLC, AgriSight Inc., CropMetrics LLC, Granular, Inc., Site-<br />
Specific Technology Development Group, Inc., SemiosBio Technologies Inc., and Trimble Navig<strong>at</strong>ion Ltd.<br />
Since these companies are based across the US and Canada, the report has unmistakably deemed North<br />
America as the world’s largest smart agriculture solutions market. In 2016, more than 50% <strong>of</strong> global<br />
smart agriculture solution revenues was accounted <strong>by</strong> North America. Nonetheless, the adoption <strong>of</strong><br />
smart agriculture solutions will gain traction in the Asia-Pacific excluding Japan region. Through <strong>2026</strong>, the<br />
APEJ smart agriculture solution market is anticip<strong>at</strong>ed <strong>to</strong> exhibit revenue growth <strong>at</strong> 13.7% <strong>CAGR</strong>.<br />
As the world showcases active implement<strong>at</strong>ion <strong>of</strong> smart agriculture solutions, tech companies and<br />
component manufacturers are also partaking in the market’s growth. Hardware and component parts<br />
required for installing smart agriculture solutions are compar<strong>at</strong>ively bringing more revenues than smart<br />
farming s<strong>of</strong>tware. In 2017 and beyond, half <strong>of</strong> global smart agriculture solution revenues will be<br />
accounted <strong>by</strong> global sales <strong>of</strong> hardware components. Among which, more than US$ 10,000 Mn worth <strong>of</strong><br />
GPS-enabled ranging systems will be consumed globally <strong>by</strong> the end <strong>of</strong> forecast period. Likewise, the<br />
demand for drones will also gain traction, registering a value <strong>CAGR</strong> <strong>of</strong> 12.2%.<br />
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