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Global Smart Farming Market - A Global and Regional Analysis

Focus on Solution, Application, Adoption Framework and Country-Wise Analysis, Startup Analysis, Patent Analysis, Value Chain - Analysis and Forecast, 2020-2026

 
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The smart farming market is expected to reach $34.1 billion by 2026, with a CAGR of 18.5% during the forecast period 2021-2026. 

The top market players are Ag Leader Technology, AGCO Corporation, CNH Industrial, Deere & Company, Hexagon Agriculture, Kubota Corporation, Afimilk Ltd., Allflex USA Inc., Nedap N.V., General Hydroponics, Osram Licht AG, AKVA Group ASA, Eruvaka Technologies, Naïo Technologies, DJI Innovations

Factors driving the growth of the smart farming market are surging use of modern technologies in agriculture and growing emphasis on sustainability.

Some of the main challenges restricting the growth of the smart farming market are lack of compatible infrastructure and reluctance to change due to large capital investments.

The potential opportunities that are likely to boost the growth of the smart farming market are increasing market opportunities in developing countries, increased cloud security, securing the agriculture value chain with blockchain, and impact of 3D printing on farming.

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