The report is titled ‘Advanced Farming Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the advanced farming market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The advanced farming market is expected to grow at a significant rate in the near future.
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Advanced Farming Introduction
Ages ago, agriculture was a term that only cited the production of crucial food crops. However, in this present day and age, this term has a far greater production, contrast, processing, distribution and marketing of livestock products. All under a single term.
An advanced farming system provides an incorporated precision farming solution that sustains high-efficiency farming by reevaluating productivity to achieve the maximum of the whole year, every season, seed and soil. The advanced farming system offers more control over each operation down to the square inch. Curtailed waste, elevates entire efficiency and unveils new opportunities that transform potential into profit.
Basically, an advanced farming market takes into account agriculture-based activities by means of employment of connected and advanced information technologies for the scrutiny, identifying, monitoring, and regulating the field operations to accentuate the yield and assure profitability.
Advanced Farming Market Dynamics
One of the primary factors that is majorly driving the growth of the global advanced farming market is the constantly rising food demand associated with multiplying population growth all around the world. By the same token, the surging need for advanced farming methods and approaches for better productivity and efficiency as well as reduced waste is further projected to boost the advanced farming market growth in the forthcoming years.
Moreover, several support programs initiated by government and regulatory authorities, for instance, prompt initiatives from the United Nations (UN) and the Food & Agriculture Organization (FAO) are also expected to propel the market growth in the future years.
However, there are few restraining factors that are likely to slow down the market growth in the near future. One of the major restraints is the high initial investment associated with advanced farming is majorly estimated to hold back the market growth in the coming years.
Furthermore, inappropriate infrastructure development and inadequacy of information and knowledge on advanced & modern agricultural technology are also projected to hamper the growth of the advanced farming market.
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Advanced Farming Market Segmentation
The global Advanced Farming market is segmented on the basis of technology, deployment mode, services, applications and region.
By Technology
- Variable-rate Technology (VRT)
- High precision positioning systems
- Automated steering systems
- Remote sensing
- Integrated electronic communication
- Others
By Deployment Mode
- Cloud
- On-premises
By Services
- Integration
- Maintenance
- Consulting & Training
By Applications
- Fleet Management
- Livestock Farming
- Forest Farming
- Aqua Farming
- Horticulture
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Advanced Farming Market Key Players
The key participating players of the global advanced farming market include 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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