The global smart agriculture solution market was estimated to be valued in excess of US$ 10 Bn by the end of 2016, reflecting a Y-o-Y growth rate of more than 5% over 2015. By 2026, the market is expected to reach a value close to US$ 40 Bn, increasing at a CAGR of 11.2% during the forecast period.
Albany, NY -- (SBWIRE) -- 06/19/2017 -- Today smart agriculture solution market is beginning to develop remarkably since much rich food based industries are using it increasingly. The new study has been added to the vast online repository of Market Research Reports Search Engine (MRRSE) with title ''Smart Agriculture Solution Market: Global Industry Analysis and Opportunity Assessment, 2016–2026''. The report strives to guide through a careful analysis of the most useful factors such as best products and applications, as well as an accurate study of the profitable drivers, restraints and regions.
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According to this report, the global smart agriculture solution market is expected to reach a value close to US$ 40 Billion, expanding at a CAGR of 11.2% during the forecast period till 2026. Furthermore, the study also informs that the market is projected to acquire opportunity that is almost US$ 25 Billion during the projected period.
In recent times, the agriculture solution market has developed so many easier technologies to strengthen the related sector's growth. In the beginning of the study, there is the executive summary, assumptions and acronyms used together with the research methodology. Later, the market overview, introduction and the market definition analysis is also provided. By evaluating the market taxonomy, market trends and market dynamics the report helps the readers to take advantage of the market scenario. Investors can also take advantageous steps by learning the data on the beneficial drivers and restraints.
The study also analyses the crucial products such as hardware: sensor monitoring systems, smart detection system, GPS enabled ranging systems, drones; software: climate information services, supply chain management services and others (such as system integration, maintenance and consulting). In this section, there is a helpful study on the market value forecast and services, as well as about the absolute opportunity data.
Another important facet of this report is the market analysis in terms of components, application and key regions such as North America, Latin America and Western Europe. Few of the most active countries analyzed in this report are U.S., Canada, Brazil, Mexico and the Rest of Latin America. In this section readers can benefit from the market analysis of the components, regions and applications. The popular applications evaluated in this study are automated machinery guidance control, tractor collision and obstacle detection, machinery safety and parameter monitoring together with variable rate technology.
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In this section, there is the Y-o-Y growth comparison, basis point share (BPS) analysis considering the country. The critical data on the market value forecast in terms of country, component and application is also available. Some of the successful companies analyzed in this report are Trimble Navigation Ltd., Precision AG, Agrinetix, Géo-Pro, Avidor High Tech France, Korec, Robert Bosch Venture Capital (RBVC), Flex technology accelerator, Lab IX and CropX Inc. Thus, the report presents the viable product and applications forecast data to enable investors to gain higher revenues.
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