Smart Agriculture Market: By Agriculture Type (Precision Farming, Fish Farming, Livestock Monitoring, Smart Greenhouse, and Others), By Software Type (Local/Web Based and Cloud Based), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Financial Management, Feeding Management, Milk Harvesting, Water Quality Management, and Others), By Services (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services and Professional Services), By Solution (Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistics and Supply Chain Management, Smart Weather Management, and Others) and Geography  

Smart Agriculture Market estimated to be valued USD 15.40 billion in 2022 and is poised to grow at a CAGR of 10% from 2023- 2029. growing demand for the high food production and the rise in need of livestock health and performance monitoring coupled with increasing support by the government in the adoption of modern agriculture techniques are the major factors that are driving the growth of the smart agriculture market. However, the high cost of devices that are used in the smart agricultural practices and lack of awareness among the farmers. Global market report gives comprehensive outlook on smart agriculture across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global smart agriculture market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). The COVID-19 pandemic is expected to have a minor impact on the smart agriculture market in 2020, as movement restrictions and lockdowns have caused supply chain disruptions. However, the use of remote monitoring technology and farm management software tools could lead to higher adoption during the post-COVID-19 period. COVID-19 has wreaked havoc on the supply chains of several smart agricultural verticals, including precision farming, livestock monitoring, aquaculture, greenhouses, and forestry. Using innovative technologies, the companies are looking into new ways to communicate with growers and farmers.