Analysis of the Smart Agriculture Technology Market

The global agriculture sector has been encountering challenges in terms of a lack of adequate food for the growing malnourished population, the continued radical decrease in the areas of global arable land, and a dearth of technology that supports increased productivity and reduced labor dependency. The global smart agriculture technology market generated a revenue of $4.50 billion in 2015 and will reach $9.00 billion in 2020, growing at a compound annual growth rate of 14.8%. This study provides a detailed insight into the market by discussing drivers and restraints, competitive landscape, and key market, company, and technology trends.
Published: 4 Nov 2016

Analysis of the Smart Agriculture Technology Market

Technology Integration in the Agriculture Ecosystem will Increase Production Yields and Drive the Technology Market

The global agriculture sector has been encountering challenges in terms of a lack of adequate food for the growing malnourished population, the continued radical decrease in the areas of global arable land, and a dearth of technology that supports increased productivity and reduced labor dependency. The global smart agriculture technology market generated a revenue of $4.50 billion in 2015 and will reach $9.00 billion in 2020, growing at a compound annual growth rate of 14.8%. This study provides a detailed insight into the market by discussing drivers and restraints, competitive landscape, and key market, company, and technology trends.

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