Advanced Farming Market Experience Of Tremendous Growth

Posted by avinash on February 24th, 2020

Advanced farming market caters to agriculture-based activities through utilization of connected and advanced information technologies for the analysis, monitoring, identifying and controlling the field operations to maximize the yield and ensure profitability. Moreover, optimum utilization of the available resources that include light, water, space, energy, and costs associated with the maintenance form the primary factors that are expected to drive overall demand.

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Growing global population and increasing requirement to suffice the basic needs that include food and clothing will drive the demand for advanced farming

According to Population Reference Bureau, global population in 2018, was over 7.6 billion, which is expected to cross 9.9 billion by 2050. Moreover, the urbanization of the economically developed and emerging regions is expected to witness significant growth over the forecast period, necessitating increased demands for the agricultural produce. Advanced farming systems will increase yield production and will also result in better crop quality.

Lack of proper knowledge, insufficient internet connectivity, and lack of appropriate IT infrastructure to support these technologies will continue to hamper the industry growth

China, India, Russia, Indonesia, Thailand, and Brazil are among the major global agricultural production economies. These are emerging regions wherein the rural area produce accounts for the major proportion of the country produce. Lack of appropriate knowledge of the advanced farming processes, low consumer motivation, high operational complexities, and lack of affordable internet connectivity are major challenges hindering the overall market growth. 

Global Advanced Farming Market Taxonomy

On the basis of technology, the global advanced farming market is classified into:

  • Variable-rate Technology (VRT)

  • High precision positioning systems

  • Automated steering systems

  • Remote sensing

  • Integrated electronic communication

  • Others

On the basis of deployment mode, the global advanced farming market is classified into:

  • Cloud

  • On-premises

On the basis of services, the global advanced farming market is classified into:

  • Integration

  • Maintenance

  • Consulting & Training

On the basis of applications, the global advanced farming market is classified into:

  • Fleet management

  • Livestock farming

  • Forest farming

  • Aqua farming

  • Horticulture

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Global Advanced Farming Market: Key Players

Major players operating in the global advanced farming market includes, John Deere & Company, Raven Industries, Inc., AGCO Corp., AgJunction Inc., Trimble Inc., Cisco Systems, IBM Corp., Smart Fertilizer Management, Blue River Technology, Microsoft Corp., Intel Corporation, ThingWorx, and Growing Smart among others.

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Joined: February 19th, 2020
Articles Posted: 52

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