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Explore the Agriculture Market trends! Covers key players, growth rate 7.4% CAGR, market size $20637.4 Billion, and forecasts to 2034. Get insights now!
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Information reports on agricultural situations in more than 130 countries submitted by overseas offices of USDA's Foreign Agricultural ServiceThis record was taken from the USDA Enterprise Data Inventory that feeds into the https://data.gov catalog. Data for this record includes the following resources: Web Page For complete information, please visit https://data.gov.
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The Agricultural Biologicals Market is segmented by Function (Crop Nutrition, Crop Protection), by Crop Type (Cash Crops, Horticultural Crops, Row Crops) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes market split by form and various crop types.
For more than 150 years, the U.S. Department of Commerce, Bureau of the Census, conducted the census of agriculture. However, the 2002 Appropriations Act transferred the responsibility from the Bureau of the Census to the U.S. Department of Agriculture (USDA), National Agricultural Statistics Service (NASS). The 2007 Census of Agriculture for the U.S. Virgin Islands is the second census in the U.S. Virgin Islands conducted by NASS. The census of agriculture is taken to obtain agricultural statistics for each county, State (including territories and protectorates), and the Nation. The first U.S. agricultural census data were collected in 1840 as a part of the sixth decennial census. From 1840 to 1920, an agricultural census was taken as a part of each decennial census. Since 1920, a separate national agricultural census has been taken every 5 years. The 2007 census is the 14th census of agriculture of the U.S. Virgin Islands. The first, taken in 1920, was a special census authorized by the Secretary of Commerce. The next agriculture census was taken in 1930 in conjunction with the decennial census, a practice that continued every 10 years through 1960. The 1964 Census of Agriculture was the first quinquennial (5-year) census to be taken in the U.S. Virgin Islands. In 1976, Congress authorized the census of agriculture to be taken for 1978 and 1982 to adjust the data-reference year to coincide with the 1982 Economic Censuses covering manufacturing, mining, construction, retail trade, wholesale trade, service industries, and selected transportation activities. After 1982, the agriculture census reverted to a 5-year cycle. Data in this publication are for the calendar year 2007, and inventory data reflect what was on hand on December 31, 2007. This is the same reference period used in the 2002 census. Prior to the 2002 census, data was collected in the summer for the previous 12 months, with inventory items counted as what was on hand as of July 1 of the year the data collection was done.
Objectives: The census of agriculture is the leading source of statistics about the U.S. Virgin Islands’s agricultural production and the only source of consistent, comparable data at the island level. Census statistics are used to measure agricultural production and to identify trends in an ever changing agricultural sector. Many local programs use census data as a benchmark for designing and evaluating surveys. Private industry uses census statistics to provide a more effective production and distribution system for the agricultural community.
National coverage
Households
The statistical unit was a farm, defined as "any place from which USD 500 or more of agricultural products were produced and sold, or normally would had been sold, during the calendar year 2007". According to the census definition, a farm is essentially an operating unit, not an ownership tract. All land operated or managed by one person or partnership represents one farm. In the case of tenants, the land assigned to each tenant is considered a separate farm, even though the landlord may consider the entire landholding to be one unit rather than several separate units.
Census/enumeration data [cen]
(a) Method of Enumeration As in the previous censuses of the U.S. Virgin Islands, a direct enumeration procedure was used in the 2007 Census of Agriculture. Enumeration was based on a list of farm operators compiled by the U.S. Virgin Islands Department of Agriculture. This list was compiled with the help of the USDA Farm Services Agency located in St. Croix. The statistics in this report were collected from farm operators beginning in January of 2003. Each enumerator was assigned a list of individuals or farm operations from a master enumeration list. The enumerators contacted persons or operations on their list and completed a census report form for all farm operations. If the person on the list was not operating a farm, the enumerator recorded whether the land had been sold or rented to someone else and was still being used for agriculture. If land was sold or rented out, the enumerator got the name of the new operator and contacted that person to ensure that he or she was included in the census.
(b) Frame The census frame consisted of a list of farm operators compiled by the U.S. Virgin Islands DA. This list was compiled with the help of the USDA Farm Services Agency, located in St. Croix.
(c) Complete and/or sample enumeration methods The census was a complete enumeration of all farm operators registered in the list compiled by the United States of America in the CA 2007.
Face-to-face [f2f]
The questionnaire (report form) for the CA 2007 was prepared by NASS, in cooperation with the DA of the U.S. Virgin Islands. Only one questionnaire was used for data collection covering topics on:
The questionnaire of the 2007 CA covered 12 of the 16 core items' recommended for the WCA 2010 round.
DATA PROCESSING The processing of the 2007 Census of Agriculture for the U.S. Virgin Islands was done in St. Croix. Each report form was reviewed and coded prior to data keying. Report forms not meeting the census farm definition were voided. The remaining report forms were examined for clarity and completeness. Reporting errors in units of measures, illegible entries, and misplaced entries were corrected. After all the report forms had been reviewed and coded, the data were keyed and subjected to a thorough computer edit. The edit performed comprehensive checks for consistency and reasonableness, corrected erroneous or inconsistent data, supplied missing data based on similar farms, and assigned farm classification codes necessary for tabulating the data. All substantial changes to the data generated by the computer edits were reviewed and verified by analysts. Inconsistencies identified, but not corrected by the computer, were reviewed, corrected, and keyed to a correction file. The corrected data were then tabulated by the computer and reviewed by analysts. Prior to publication, tabulated totals were reviewed by analysts to identify inconsistencies and potential coverage problems. Comparisons were made with previous census data, as well as other available data. The computer system provided the capability to review up-to-date tallies of all selected data items for various sets of criteria which included, but were not limited to, geographic levels, farm types, and sales levels. Data were examined for each set of criteria and any inconsistencies or potential problems were then researched by examining individual data records contributing to the tabulated total. W hen necessary, data inconsistencies were resolved by making corrections to individual data records.
The accuracy of these tabulated data is determined by the joint effects of the various nonsampling errors. No direct measures of these effects have been obtained; however, precautionary steps were taken in all phases of data collection, processing, and tabulation of the data in an effort to minimize the effects of nonsampling errors.
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United States smart agriculture market size is projected to exhibit a growth rate (CAGR) of 9.50% during 2024-2032. The rising usage of sustainable agricultural practices that support long-term food production while protecting the environment, along with the inflating popularity of this technique that helps in minimizing waste, is primarily augmenting the market growth across the nation.
Report Attribute
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Key Statistics
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Base Year
| 2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 9.50% |
Smart agriculture, alternatively referred to as precision agriculture, represents a sophisticated strategy utilizing technology to elevate the effectiveness and output of farming methods. This approach integrates diverse digital instruments like sensors, drones, GPS, and data analytics to precisely monitor and oversee crops, livestock, and land. Through the acquisition of real-time data on variables such as soil moisture, weather patterns, and crop conditions, farmers can make well-informed decisions to optimize practices like irrigation, fertilization, and pest management. The adoption of smart agriculture not only minimizes resource inefficiencies but also enhances both the quantity and quality of crop yields.
The United States smart agriculture market is at the forefront of a transformative shift in the agricultural landscape, integrating cutting-edge technology to revolutionize traditional farming practices. Also known as precision agriculture, this market leverages a suite of digital tools, including sensors, drones, GPS technology, and data analytics, to enhance the efficiency and productivity of agricultural operations. Additionally, in the United States, farmers are increasingly adopting smart agriculture solutions that provide real-time monitoring and management of crops, livestock, and land. Moreover, these technologies enable farmers to make data-driven decisions on crucial factors such as soil moisture, weather conditions, and crop health, which is acting as another significant growth-inducing factor. Besides this, the result is a more precise and optimized approach to essential practices like irrigation, fertilization, and pest control, which is positively influencing the regional market. The United States smart agriculture market not only contributes to resource conservation by minimizing wastage but also significantly improves crop yields and quality. Furthermore, with the rising focus on sustainability, precision, and increased output, the smart agriculture market in the United States is poised for continued growth, shaping the future of farming practices in the country in the coming years.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on agriculture type, offering, and farm size.
Agriculture Type Insights:
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The report has provided a detailed breakup and analysis of the market based on the agriculture type. This includes precision farming, livestock monitoring, smart greenhouse, and others.
Offering Insights:
A detailed breakup and analysis of the market based on the offering have also been provided in the report. This includes hardware, software, and service.
Farm Size Insights:
The report has provided a detailed breakup and analysis of the market based on the farm size. This includes small, medium, and large.
Regional Insights:
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The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million US$ |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Agriculture Types Covered | Precision Farming, Livestock Monitoring, Smart Greenhouse, Others |
Offerings Covered | Hardware, Software, Service |
Farm Sizes Covered | Small, Medium, Large |
Regions Covered | Northeast, Midwest, South, West |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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The Report On Agricultural Production in Qatar is Segmented by Food Crops/Cereals, Fruits, and Vegetables. The Report Includes the Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Report Offers Market Sizes in Value (USD) and Volume (Metric Tons).
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The Saudi Arabia Agriculture Market Report is Segmented by Type (Food Crops/Cereals, Fruits, Vegetables, and Oilseeds and Pulses). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Report Offers Market Size and Forecasts in Terms of Value (USD) and Volume (metric Tons) for all the Above Segments.
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Explore the Agricultural Software Market trends! Covers key players, growth rate 4.6% CAGR, market size $28.42 Billion, and forecasts to 2033. Get insights now!
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According to Cognitive Market Research, the global agriculture analytics market size is USD 1.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 13.1% from 2024 to 2031. Market Dynamics of Agriculture Analytics Market
Key Drivers for Agriculture Analytics Market
Expanding Government Schemes and Policies-Rising government initiatives around the world are bolstering agricultural modernization initiatives with subsidies, grants, and regulations. These are driving the adoption of analytics solutions for environmental monitoring and precision agriculture in response to rising consumer and regulatory demands for sustainable farming practices. The widespread adoption of big data in farming, which allows farmers to gain useful knowledge that will lead to improved crop yields, is driving the demand for agriculture analytics.
Key Restraints for Agriculture Analytics Market
Inadequate access to reliable and fast internet can impede the ability to gather and analyze data in real-time, which is essential for accurate agricultural analytics. This could slow market growth. Industry expansion is being impeded by factors such as the high cost of data collecting and processing. Introduction of the Agriculture Analytics Market
Agriculture analytics is the practice of analyzing data, using technology, and applying statistical methods to understand and manage resources, weather, crop yields, and market trends better. Improved sustainability, less risk, and maximum productivity can be achieved through well-informed decision-making by farmers and other stakeholders. Increasing government initiatives to implement new agricultural techniques is the main development factor for the agriculture analytics industry. More and more data is being generated in the agricultural industry at an exponential rate. Another factor fueling the expansion of agriculture analytics is the rising use of Internet of Things devices that gather data from linked agricultural machinery like smart tractors and drones. Moreover, there has been a strong push to improve farm offerings, and the result is a dramatic increase in investment and technical innovation in the agricultural sector around the world. Weather data analytics, crop growth monitoring, land preparation, and other analytics tools are becoming more popular among farmland owners as a means to optimize agricultural operations. Due to these, the demand for the agriculture analytics market will grow in the coming years.
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The Sustainable Agriculture Market is projected to grow at 9.3% CAGR, reaching $23.95 Billion by 2029. Where is the industry heading next? Get the sample report now!
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The National Institute of Food and Agriculture is committed to serving its stakeholders, Congress, and the public by using new technologies to advance greater openness. To strengthen transparency and promote open government, NIFA is providing easy access to data and metrics on how the agency disseminates funding. NIFA is committed to increasing transparency and making technical advancements to ensure that data is easily accessible. The Data Gateway provides the ability to filter and export data. Recently added features to the Congressional District Map and Data Gateway Search make for an improved user experience when searching and reporting information on NIFA-administered grants and projects! New interactive features in the Congressional District Map allow users to see the total amount of funding by state and further to drill down to the individual awards. Funding information is available for awards made from 2011-2015. Simply click on a state listing on the right of the screen. No need to create your own search if you are looking for NIFA funding by Congressional District. Key enhancements in the Data Gateway Search tool include:
A project-based display of data Embedded help text within tool Drop down lists allowing you to choose the fields you want to search and display Expanded filter lists
The Current Research Information System (CRIS) provides documentation and reporting for ongoing agricultural, food science, human nutrition, and forestry research, education and extension activities for the United States Department of Agriculture; with a focus on the National Institute of Food and Agriculture (NIFA) grant programs. Projects are conducted or sponsored by USDA research agencies, state agricultural experiment stations, land-grant universities, other cooperating state institutions, and participants in NIFA-administered grant programs, including Small Business Innovation Research and Agriculture and Food Research Initiative. The Planning, Accountability, & Reporting Staff office of NIFA is responsible for maintaining CRIS. Resources in this dataset:Resource Title: NIFA Reporting Portal. File Name: Web Page, url: https://portal.nifa.usda.gov Main html page for the database
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The global agricultural biologicals market size is estimated to grow from USD 15.12 billion in 2024 to USD 43.53 billion by 2035, representing a CAGR of 10% during the forecast period till 2035.
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The Agricultural Micronutrients Market is projected to grow at 13.9% CAGR, reaching $13.67 Billion by 2029. Where is the industry heading next? Get the sample report now!
Agriculture Analytics Market Size 2024-2028
The agriculture analytics market size is forecast to increase by USD 1.23 billion at a CAGR of 12.97% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for food production to meet the needs of a growing global population. Infrastructure development, including the integration of artificial intelligence (AI) and smart farming technologies, is a key driver in this market. Smart farming practices, such as field planning and irrigation management, are becoming increasingly important for sustainable agricultural production. However, the high cost of implementing analytics in agriculture remains a challenge for many farmers and agribusinesses, particularly in developing countries. Despite this, the long-term benefits of using data analytics insights to optimize farming practices are expected to outweigh the initial investment costs. By utilizing AI and other advanced technologies, farmers can optimize their operations, improve crop yields, and reduce water usage, ultimately leading to more sustainable and profitable farming practices. The market is expected to continue growing as more farmers adopt these technologies to meet the demands of a changing agricultural landscape.
What will be the Size of the Market During the Forecast Period?
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The market is witnessing significant growth as farmers and agricultural businesses seek to enhance their productivity and efficiency. This market is driven by the increasing demand for food production to meet the growing population and the need to address various challenges in the agricultural sector. Cloud computing and internet of things (IoT) technologies are playing a crucial role in the market. Farmers can now collect vast amounts of data from various sources, including weather data analytics, crop growth monitoring, land preparation, and farm operations. This data is then analyzed using predictive models to optimize farm output and improve efficiency.
Moreover, positioning systems and navigation satellite systems, such as those used in drones, are also contributing to the market. These technologies enable farmers to monitor their crops and livestock with precision, ensuring optimal growth conditions and preventing potential losses. Crop management is a significant application area for agriculture analytics. By analyzing data on soil degradation, climatic conditions, and crop growth patterns, farmers can make informed decisions on land preparation, irrigation, and fertilizer application. This results in improved crop yields and reduced waste. Livestock farming is another area where agriculture analytics is making a significant impact. Livestock analytics provides farmers with insights into animal health and productivity, enabling them to optimize feeding and breeding programs.
Also, this leads to increased profitability and improved animal welfare. Aquaculture analytics is another emerging application area in the market. By monitoring water quality, fish behavior, and environmental conditions, farmers can optimize fish farming operations and reduce the risk of disease outbreaks. The market offers both cloud deployment and on-premises deployment options. Cloud deployment provides farmers with the flexibility to access data and insights from anywhere, while on-premises deployment offers greater control over data security. Data Security is a critical concern in the market. Farmers must ensure that their data is protected from unauthorized access and cyber threats.
Additionally, advanced security measures, such as encryption and access controls, are essential to safeguard sensitive agricultural data. In conclusion, the market is transforming the agricultural sector by providing farmers and agricultural businesses with data-driven insights to optimize their operations, increase productivity, and improve efficiency. The market is driven by the growing demand for food production and the need to address various challenges in the agricultural sector, including climatic conditions, soil degradation, and positioning systems. By leveraging cloud computing, IoT, and advanced analytics techniques, farmers can make informed decisions and improve their bottom line.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Solutions
Services
Application
Precision farming
Livestock monitoring
Aquaculture farming
Vertical farming
Others
Geography
North America
Canada
US
Europe
UK
APAC
China
Japan
South America
Middle East and Africa
By Type Insights
The solutions segment is estimated to witness significant growth during the f
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Explore the Agricultural Implement Market trends! Covers key players, growth rate 5.8% CAGR, market size $340.13 Billion, and forecasts to 2034. Get insights now!
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The global agricultural films market size reached USD 11.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 18.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.78% during 2025-2033. The rising number of policies by government bodies to promote modern farming techniques is stimulating the market demand. At present, Asia Pacific holds the largest market share, driven by rapid developments in the agriculture sector.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
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Market Size in 2024 | USD 11.7 Billion |
Market Forecast in 2033 | USD 18.2 Billion |
Market Growth Rate (2025-2033) | 4.78% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with the agricultural films market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type and application.
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Precision Agriculture Market size was valued at around USD 10.43 billion in 2023 and is projected to grow at a CAGR of around 13% from 2024-30.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 143.98(USD Billion) |
MARKET SIZE 2024 | 156.72(USD Billion) |
MARKET SIZE 2032 | 308.76(USD Billion) |
SEGMENTS COVERED | Product Type ,Business Model ,Customer Type ,Distribution Channel ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Technological advancements Increasing consumer preference Government initiatives Growing rural population Expanding B2B segment |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | FMC Corporation ,Bayer CropScience ,Gavilon Agriculture ,DuPont Pioneer ,BASF SE ,Syngenta AG ,Corteva Agriscience ,WilburEllis Company ,Dow AgroSciences ,Monsanto Company ,Nufarm Limited ,Sumitomo Chemical Company ,CHS Inc ,Archer Daniels Midland Company ,Bunge Limited |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Growing adoption of ecommerce mobile penetration and internet connectivity Increasing demand for convenient and costefficient purchasing channels Government initiatives to promote digital agriculture and ecommerce adoption Rising environmental awareness and demand for sustainable agriculture practices Expanding product offerings and partnerships with local farmers and suppliers |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.85% (2024 - 2032) |
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Global Agriculture 4.0 Market is projected to grow exponentially during 2021-26. across the agriculture sector in crop production, shall also drove the market in the coming years.
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According to Cognitive Market Research, the global Smart Agriculture Farming market size will be USD 17254.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.70% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 6901.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5176.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3968.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 862.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 345.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
The Hardware held the highest Smart Agriculture Farming market revenue share in 2024.
Market Dynamics of Smart Agriculture Farming Market
Key Drivers for Smart Agriculture Farming Market
Increasing the use of modern technologies in agriculture products to propel market growth
Utilizing its full potential, smart agriculture can assist farmers in minimizing the adverse impacts of climate change on crops by collecting geospatial data on planting, soil, livestock, and other data between and within fields. Reducing resource waste, smart agriculture also provides information on the proper dosage of irrigation, liquid fertilizer, insecticides, and herbicides. Modern agricultural technologies like yield mapping software (YMS), data management software, global positioning system (GPS), variable rate technology (VRT), and mapping software help boost soil fertility, boost profitability, lower farming costs, and support sustainable agriculture. Smart agriculture tools have two main benefits: increased productivity for businesses through automated procedures and superior output at reduced farming costs. Smart agriculture technology is projected to make agribusiness more profitable than it has ever been. Thus, in an effort to increase crop yields and profitability, business-minded farmers have started utilizing a variety of smart agricultural instruments. The worldwide smart agriculture market is expected to expand quickly over the anticipated time due to the increasing adoption of modern technology in agricultural goods by business-oriented farmers.
Internet of Things (IoT) adoption in agriculture is growing to propel market growth
The increasing adoption of Internet of Things (IoT) technology in agriculture provides real-time support through IoT apps, assisting farmers in tracking the development of new products. By using IoT applications with traditional agriculture processes, producers can focus on providing their consumers with high-quality food instead of spending time and money on resources like land, electricity, and water. Precision farming enhances crop and soil health and allows organic food to be distributed to a wide range of end consumers. IoT-based agricultural equipment helps reduce the use of pesticides and fertilizers in this way. The extensive use of IoT technology in agriculture helps farmers adapt to major variations in weather, humidity, and air efficiency. It uses data analytics, visualization, and a variety of management tools and solutions to automate conventional farming activities. The application of IoT technology in agriculture reduces carbon emissions and boosts farm productivity by utilizing cutting-edge sustainable technologies to conserve energy and water.
Restraint Factor for the Smart Agriculture Farming Market
Fragmented agriculture sector to hinder market growth
Decentralized, the agricultural sector comprises a multitude of autonomously operated large, medium, and small-scale farms. A standardized machine-to-machine (M2M) solution is challenging to implement because of this fragmentation since each farm may have distinct needs and operate differently. Due to the incorrect distribution of inputs and resources caused b...
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Explore the Agriculture Market trends! Covers key players, growth rate 7.4% CAGR, market size $20637.4 Billion, and forecasts to 2034. Get insights now!