Pune, April 25, 2022 (GLOBE NEWSWIRE) -- Due to the sheer innovation and deployment of cutting-edge agricultural technologies such as artificial intelligence (AI) and the internet of things, the smart agriculture market has risen dramatically in recent years (IoT). Furthermore, the global smart agriculture industry is fuelled by increasing pressure on the food supply. Smart agriculture is a concept that aims to make it easier for farmers to use modern technologies. Furthermore, connected technologies such as Wi-Fi, Zigbee, additional wireless sensors, and low-power wide area network technology are some of the various technologies that assist farmers in efficiently carrying out various agricultural operations such as harvesting, purchasing, planting, and inventory control. Farmers are increasingly using IoT and artificial intelligence to monitor agricultural fields and automate irrigation processes. Furthermore, modern technology has increased the productivity of organic farming, including greenhouse and vertical farming.
Drivers
- Increasing implementation of advanced technologies in agricultural products.
- Agriculture has always been about innovation, but it's never been more crucial than it is now. Precision farming/smart agriculture, when used to its greatest potential, can help farmers resist the negative effects of nature on crops by capturing geospatial data on soil, animals, and plants, as well as other inter- and intra-field information. Precision farming also saves resources by using the right amount of irrigation water, liquid fertilisers, nutrients, herbicides, and pesticides. Farm automation, animal farming technology, yield mapping systems, precision agriculture, blockchain, artificial intelligence, and data management solutions are examples of modern technological solutions implemented in agriculture. This aids in increasing land fertility and profitability and facilitating sustainable agriculture, increasing productivity, and lowering farming costs.
- Precision agricultural technology is expected to make agribusiness more profitable than ever before. As a result, business-minded farmers have begun to employ a variety of precision farming/smart agriculture tools to increase crop yields and profit margins.
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Key Companies Profiled
Deere & Company (US), Trimble Inc. (US), Topcon Positioning Systems, Inc. (US), DeLaval Inc. (Sweden), AKVA group (Norway), Merck & Co. Inc. (US), Afimilk Ltd (Israel), Innovasea Systems Inc. (US), Heliospectra (Sweden), ABACO GROUP (UK), Arable (US), Gamaya (US) are some of the major participants in the (US).
Vendor Assessment
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Smart Agriculture Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC's Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
Technology Assessment
Technology dramatically impacts business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.
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Business Ecosystem Analysis
Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Report Coverage
Smart Agriculture Market Dynamics, Covid-19 Impact on the Smart Agriculture Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Smart Agriculture Market Sizing, Analysis Tables.
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Vendor Profiles Covered
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Smart Agriculture Market report (25 Vendor Profiles)
Key Questions Answered in This Report:
- What is the potential of the Smart Agriculture Market?
- What is the impact of COVID-19 on the global Smart Agriculture Market?
- What are the top strategies that companies adopting in Smart Agriculture Market?
- What are the challenges faced by SME’s and prominent vendors in Smart Agriculture Market?
- Which region has the highest investments in Smart Agriculture Market?
- What are the latest research and activities in Smart Agriculture Market?
- Who are the prominent players in Smart Agriculture Market?
- What is the potential of the Smart Agriculture Market?
Additional vendors profiles can be added based on client business requirements
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