Global Smart Farming are expected to make a significant contribution to the overall industry.

According to a lead Analyst "On 11 Jan 2018, John Deere offers Intelligent Boom Control (IBC) on its 1270G Harvester in North America. A first in the harvester category, IBC provides operators with increased accuracy and productivity — bringing harvester capabilities to a whole new level.". Buoyed by strong demand and sales, industry profit margins have increased considerably during past few years.

According to the report, some of the important driving forces behind the market growth are “Increasing adoption of information and communication technologies in farming, Rising government support to adopt modern agricultural techniques and Growing demand for higher crop yield owing to increasing population”. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Players, additional restraints impacting market are “Lack of awareness and infrastructure of smart farming in emerging economies and High initial investment and limited technical knowledge and skills of farmers” which is continuously seeking attention of Industry Experts and Decision makers.

The Smart Farming Ecosystem: 2020-2026 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Smart Farming market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2020 till 2026. The forecasts are segmented by Type (Precision farming, Livestock monitoring, Fish Farming, Smart greenhouse and Others), by Application (Precision farming application, Livestock monitoring application, Fish Farming Applications, Smart greenhouse application and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Data Sources & Methodology

The primary sources involves the industry experts from the Smart Farming Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.