Smart farming is a management system that uses a 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.
The growth of the global smart farming market can be attributed to factors, such as increasing adoption of Internet of Things (IoT) & data analytical software’s in farming applications. Moreover, increasing focus on monitoring of crops & livestock in order to safeguard from diseases and improve the efficiency of farming is also propelling the market growth. The combination of technologies in farming facilitates Machine-derived data and this data helps users to take decisions accordingly. It helps to eliminate the risk of loose yield and quality of production. Smart farming helps to reduce overall costs and users can monitor the production of crops and livestock on a regular basis.
Major Key Players of the Smart Farming Market are:
Deere & Company, Trimble, DeLaval, Ag Leader Technology, Decisive Farming, Telit, Allflex, OnFarm Systems Inc., Smartcultiva Corporation, and AKVA group, among others.
Deere & Company, Trimble, DeLaval, Ag Leader Technology, Decisive Farming, Telit, Allflex, OnFarm Systems Inc., Smartcultiva Corporation, and AKVA group, among others.
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