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Smart Agriculture Market Size, Share, Revenue, Demand and Forecast to 2024 | By Kenneth ResearchFeb 19, 2021 (AmericaNewsHour) — Global Smart Agriculture Market is estimated to reach $20 billion by 2024; growing at a CAGR of 14.1% from 2016 to 2024. Improving the agriculture productivity is very essential so as to meet the rapidly growing demand for food globally. According to the United Nations Food and Agriculture Organization, about 795 million people out of the 7.3 billion people in the world were suffering from chronic undernourishment in 2014-2016. Almost all the hungry people, about 780 million people live in developing countries and 11 million people undernourished in developed countries. To meet the ever-growing demand for food, smart and innovative techniques have to be introduced in farming to boost the yield. Technological advancements and ever increasing population coupled with rising demand for food globally are the key driving factor of the smart agriculture market. Growing popularity of greenhouse farming and need for automated farming techniques would also support the growth of the smart agriculture market. However, lack of technical knowledge among farmers in rural areas and high cost of smart devices or machines may hamper the growth of the market. Furthermore, rising awareness among farmers and entry for new players could provide growth opportunities for the smart agriculture market in the coming years. Solutions, application and geography are the major segments of the global smart agriculture market. Based on the solution, the market is segmented into agriculture asset management, network management, logistics & supply chain management, supervisory control & data acquisition, smart water management and others. Furthermore, application segment has been segmented into fish farming, precision agriculture, smart greenhouse, livestock monitoring, and others. North America, Europe, Asia-Pacific and Rest of the World (RoW) are the geographical segments of the global smart agriculture market. The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, Italy, France and others. Asia-Pacific covers China, Japan, India and others. RoW covers South America, Middle East and Africa. Key players in this market include Cisco Systems, Deere & Co., AGCO Corporation, AgJunction Inc., Raven Industries Inc., SST Development Group, Inc., Hexagon AB, Trimble Navigation Ltd., Iteris Inc., and Teejet Technologies, among others. The key takeaways from the report: Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation Contact Us Kenneth Research Email : Sales@kennethresearch.com Phone: +1 313 462 0609 The post Smart Agriculture Market Size, Share, Revenue, Demand and Forecast to 2024 | By Kenneth Research appeared first on America News Hour.
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