The global smart agriculture market is expected to grow at a CAGR of 10.5% from 2023 to 2029, reaching a value of US$ 29.34 billion by 2029. The market is segmented by offering type, agriculture type, and farm size. The software segment is expected to experience the highest growth rate, followed by the hardware segment. Precision farming is the largest market segment, driven by the growing need for farmers to improve farm efficiency and increase crop productivity. Small-sized farms are expected to adopt farm automation and other modern technologies at the highest rate. Asia Pacific is expected to be the most promising region, driven by increasing demand for food and rising requirements to protect crops from climatic changes.
Top companies in the market include Akva, Antelliq, Afimilk, Abaco Group, and others. The report provides insights into the market, including industry forecast, current and emerging trends, segment analysis, and competitive landscape. The report is aimed at helping executives, researchers, and investors make informed business decisions. Stratview Research, a global market research firm, has launched a report on the global smart agriculture market, which provides a comprehensive outlook of the market.