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At 13+% CAGR, Smart Agriculture Market Potentially Worth $11.23 Billion by 2022 Led by Precision Farming Applications

PUNE, India, March 23, 2017 /PRNewswire-iReach/ -- The precision farming applications held the largest share of the smart agriculture market in 2016. Smart agriculture tools are most widely used in precision farming as they play a vital role in improving farm efficiency and help growers in maximizing their crop yields. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes weather conditions, soil properties, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps to identify different soil parameters to maintain the nutrient level of the soil. Complete report on "Smart Agriculture Market" spread across 210 pages, profiling 14 companies and supported with 65 tables and 76 figures is now available at http://www.rnrmarketresearch.com/smart-agriculture-market-by-hardware-and-network-platform-gps-gnss-devices-sensor-monitoring-systems-and-smart-detection-systems-network-elements-service-software-application-and-geography-global-forecast-to-2022-market-report.html.

Smart agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for increasing crop productivity. It includes the use of modern technologies of farming that help in improving the quality of food and increasing the yield of farms. The major restraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.

The smart agriculture market in APAC will grow at a significant rate between 2016 and 2022. APAC is one of the prospective markets for smart agriculture. This region has large farmlands and is witnessing a high population growth rate. APAC also has a huge regional spread, which comprises China, Japan, India, Australia, and South Korea, among others. The smart agriculture market in APAC is in an early stage of adoption life cycle and is expected to grow at a double digit rate between 2017 and 2022. In APAC, countries specifically India, Australia, China, and Japan are, currently, witnessing the high growth rate and hold a major share of the smart agriculture market in APAC.

This research study is obliging for following audience:

  1. Satellite service providers
  2. Component suppliers
  3. Semiconductor component and device manufacturers
  4. Original equipment manufacturers (OEMs)
  5. Product manufacturers
  6. Component and device suppliers and distributors
  7. Software, service, and technology providers
  8. Standardization and testing firms
  9. Government bodies such as regulatory authorities and policymakers
  10. Associations, organizations, forums, and alliances related to semiconductor and automotive industries
  11. Research institutes and organizations
  12. Market research and consulting firms
  13. Agrifood buyers

The key players in the smart agriculture market profiled in the report are Deere & Company (U.S.), Trimble, Inc. (U.S.), Raven Industries, Inc. (U.S.), AgJunction, Inc. (U.S.), AGCO Corporation (U.S.), The Climate Corporation (U.S.), AG Leader Technology (U.S.), Precision Planting, Inc. (U.S.), SST Development Group, Inc.  (U.S.), Topcon Positioning Systems, Inc. (U.S.), Semiosbio Technologies, Inc. (Canada), DeLaval Corporation (Sweden), GEA Group AG(Germany) and BouMatic, LLC. (U.S.).Download PDF Brochure "Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=466274 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (75%) and Managers (25%) from various key organizations operating in the smart agriculture market. The primary interviews were conducted worldwide covering regions such as Americas (40%), Europe (30%), APAC (20%) and Row (10%).

Research Coverage: This report covers the smart agriculture market based on agriculture type, offering, application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the smart agriculture market.

On a related note, another research titled Precision Farming Market Global Forecast to 2022 says, the precision farming market is expected to grow from $3.20 billion in 2015 and is expected to reach $7.87 billion by 2022, at a CAGR of 13.47% between 2016 and 2022. Yield monitoring application held the largest share of the precision farming market in 2015. Precision farming market in Asia-Pacific expected to grow at the highest rate between 2016 and 2022. Companies such as Deere & Company (U.S.), Trimble Inc. (U.S.), AGCO Corporation (U.S.), Ag Junction, Inc. (U.S.), Raven Industries, Inc. (U.S.), AG Leader Technology (U.S.), Precision Planting Inc. (U.S.), SST Development Group, Inc. (U.S.), Teejet Technologies (U.S.), Topcon Positioning Systems, Inc. (U.S.), DICKEY-john Corporation (U.S.), CropMetrics LLC (U.S.) have been profiled in this 214 pages research report available at http://www.rnrmarketresearch.com/precision-farming-market-by-technology-gpsgnss-gis-remote-sensing-vrt-components-automation-control-sensors-fms-applications-yield-monitoring-vra-mapping-soil-monitoring-scouting-market-report.html .

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