Smart Agriculture Solution Market is Projected At A CAGR of 11.5% and Stood at Revenue Around USD 10.2 Billion During Forecast Period 2020-2024 (With Impact Analysis of COVID-19)


News provided by

Kenneth Research

Jun 08, 2020, 11:57 EST


New York, United States, Jun 08, 2020, 11:57 /Comserve / -- The global Smart Agriculture Solution Market is expected to flourish at a significant compound annual growth rate (CAGR) of 11.5% over the forecast period 2020-2024.

According to a recent research study conducted by Kenneth Research, Global Smart Agriculture Solution Market is expected to flourish at a significant compound annual growth rate (CAGR) of 11.5% over the forecast period 2017-2024. The global smart agriculture solution market stood at revenue around USD 10.2 Billion by the end of the year 2016.

“The CAGR value Could change due to COVID-19 Pandemic”

A smart agriculture solution comprises of the number of advanced information and communication technologies. The involvement of information and communication technologies in agriculture can results in improved and precise faming. By farmer’s point of view, smart agriculture solution is an efficient tool for providing improved productivity and sustainable agriculture production. Further, in terms of quality, quantity and earning smart agriculture solution has been an enormous help to the farmers. Moreover, management information system, precision agriculture and agricultural automation are there major fields of smart agriculture solutions.

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10075550

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Market Size & Forecast

Global smart agriculture solution market is expected to flourish at a significant compound annual growth rate (CAGR) of 11.5% over the forecast period 2017-2024. The global smart agriculture solution market stood at revenue around USD 10.2 Billion by the end of year 2016. Further, the market is projected to reach at a valuation about USD 38.1 Billion by the end of forecast period. In terms of share, the hardware components captured around 50% in the global smart agriculture solution market share and are expected to behold this growth over the forecast period.

In terms of region, global smart agriculture solution market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America region has been the biggest smart agriculture solution market and was valued at 5.2 Billion by the end of year 2016. North America region is expected to flourish at a compound annual growth rate (CAGR) of 9.9% during the forecast period and is projected to reach at a valuation of more than USD 15.2 Billion by the end of forecast period.

Asia Pacific region is anticipated to grow at fastest compound annual growth rate (CAGR) around 13.7% during the forecast period. Rising adoption of smart agriculture solution in emerging countries is driving the market of smart agricultural solutions. Further, Latin America region is also expecting to witness a significant compound annual growth rate (CAGR) of 12.5% over the forecast period.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10075550

Market Segmentation

Our-in depth analysis of the global smart agriculture solution market includes the following segments:

By Component
Hardware
Sensor Monitoring System
Smart Detection System
Drones
GPS Enabled Ranging System
Software and Services
Climate Information Service
Supply Chain Management service
Others (System Integration and Consulting Service)

By Solution
Automated Machinery Guidance Control
Tractor Collision and Obstacle Detection
Machinery Safety and Parameter Monitoring
Variable Rate Technology
Building and premises surveillance

By Region

Global smart agriculture solution market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10075550

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market)."

Request to Fill the Form to Get Sample Copy of This Report: https://www.kennethresearch.com/sample-request-10075550

About Kenneth Research:

In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries.


For more information, please contact:

David

Kenneth Research
Email: sales@kennethresearch.com
Tel: +1-(347)-627-0064

Related Links
https://www.kennethresearch.com



Also from this source


Specialty Surgical Wound Care Products Market 2019-2027 / Size, Market Status, Top key players and Forecasts

The study provides historical data from 2013 to 2018 along with a forecast from 2019 to 2027 based o


Automotive Exhaust Gas Recirculation System Market 2020 Share Growing Rapidly With Latest Trends, Development, Revenue, Demand And Forecast To 2029

This report provides in detail analysis of the Automotive Exhaust Gas Recirculation System and provi