Global Smart Agriculture Market to Progress at a CAGR of 10.35% by 2028

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Global Smart Agriculture Market to Progress at a
CAGR of 10.35 by 2028 Triton Market Research
presents the Global Smart Agriculture Market
report sectioned by Type (Precision Farming,
Precision Agriculture, Livestock Monitoring,
Smart Greenhouse), by Component (Solution
Hardware HVAC Systems, Valves Pumps, LED Grow
Lights, Sensors Control Systems, Other
Hardware, Software Network Management, Smart
Water Management, Agriculture Asset Management,
Irrigation Management, Service Consulting,
System Integration Deployment, Support
Maintenance, Connectivity Technology Cellular
IoT, NB-IoT, LoRa, Global Navigation Satellite
System, Wi-Fi, Wireline, Wireless Personal Area
Network (WPAN), Sigfox, Other Connectivity
Technologies), and Regional Outlook (North
America, Asia-Pacific, Latin America, Middle East
and Africa, Europe). The report further discusses
the Market Summary, Industry Outlook (Key
Insights, Impact of COVID- 19, Market
Attractiveness Index, Porters Five Forces
Analysis, Vendor Scorecard, Key Market
Strategies, Regulatory Framework), Market
Drivers, Market Challenges, Market Opportunities,
Competitive Landscape, Research Methodology
Scope, Global Market Size, Forecasts Analysis
(2022-2028).
Request Free Sample Report https//www.tritonmark
etresearch.com/reports/smart-agriculture-marketre
quest-free-sample The term smart agriculture
refers to the application of technology, such as
robotics, sensors, location systems, and
artificial intelligence, for farming. Tritons
report estimates that the global market for smart
agriculture would witness growth at a CAGR of
10.35 over the forecast period 2022-2028.
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Corporate farming is gaining momentum globally,
positively impacting the smart agriculture
market. It refers to the ownership of farms by
corporations and their role in the sale of
agricultural products promoting agricultural
education research. The organizations in this
farming practice are well equipped with smart
agriculture resources, such as automation
equipment, robots, and connectivity technologies.
These businesses also have substantial
transportation storage facilities and marketing
advertising tools. Therefore, an increase in
corporate farming is anticipated to boost the
markets growth. However, certain smart
agriculture techniques, such as IoT-based
farming, require various soil, temperature,
humidity, and water sensors. They are equipped
with advanced technology, which increases
operational costs. The high investments required
to deploy these equipment are a major setback for
the smart agriculture market. Globally, the
Asia-Pacific is anticipated to be the
fastest-growing market over the forecasted
period. The regions robust growth is due to the
rise in urbanization, rapid technological
advancements, and growing disposable income.
Additionally, the support by the governments to
adopt modern agriculture is also anticipated to
provide lucrative opportunities to countries in
this region. In addition, the Asia-Pacific is
anticipated to develop into a global center for
innovations related to vertical farming,
primarily due to the increased usage of IoT
technology. Thus, the aforementioned factors are
projected to bolster the regions smart
agriculture markets growth. The leading players
in the market include MSD Animal Health (Merck
Co), DeLaval, LumiGrow Inc, Topcon Positioning
Systems Inc, Aker Technologies Inc, SemiosBio
Technologies Inc, Raven Industries, Afimilk Ltd,
AgJunction, Deere Company, AgEagle Aerial
Systems Inc, AKVA, AGCO Corporation, InnovaSea
Systems Inc, The Climate Corporation (Bayer AG),
and Trimble Inc. The primary costs of stepping
into the market are high owing to the need for
large networks, services, and platforms required
for smart products, devices, solutions, etc.
Also, the presence of prominent vendors with
enhanced access to resources and distribution
networks poses a substantial challenge for new
players. Further, buyers have become more aware
of technological advancements, and thus place
increased pressure on vendors. However,
government funding for research, the rising
number of public/private partnerships, and
increasing interest by venture capitalists
present lucrative opportunities to new
entrants. Contact Us sales_at_tritonmarketresearch.
com Phone [phone]