Smart farming is a management system that uses combination of advanced technologies into existing farming practices to increase the quantity & quality of agriculture products. Users can greatly increase the crop yields by precisely monitoring variations with the help of GPS, soil scanning, data management, and the IoT, which helps to adapt strategies accordingly. It makes farming more connected and intelligent and therefore, helps to reduce the overall costs and increase control over the production. This further helps to reduce wastage in farming activities.
Market Industry Reports (MIR) has published a new report titled “Smart Farming Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global smart farming market is estimated to be over US$ 7.5 billion in 2019. The market is anticipated to grow at a CAGR of 15.82% from 2019 to 2030.
Major Key Players of the Smart Farming Market are:Deere & Company, Trimble Inc., DeLaval, Ag Leader Technology, Decisive Farming, Telit, Allflex, OnFarm Systems Inc., Smartcultiva Corporation, and AKVA group, among others.
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