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Report Code :HICT1002
2016-2024
Global Smart Agriculture Market Outlook 2024: Global Opportunity & Growth
Analysis, 2016-2024
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XX%
XX%
XX%
XX%
XX%
2016
Asia-Pacific LatinAmerica Middle East &Africa
XX%
XX%
XX%
XX%
XX%
2024
North America Europe
Source: GoldsteinResearch
In 2016, Hardware accounted for the highest market share XX%
in Global Smart AgricultureMarket
2018f 2019f 2020f 2021f 2022f 2023f
Global Smart Agriculture Market Size USD (Billion). 2016-2024
XX%
CAGR:(2016-2024)
Global Smart Agriculture Market Share(%), By Region-2016-
2024
With XX% share in 2016, North America region dominated the Global
Smart Agriculture Market
xx%
xx%xx%
xx%
Connectivity/M2M
Platforms
Infrastructure-as-a-
Service (Iaas)
BackendPlatforms
Hardware specific
softwarePlatforms
Consumer/Enterprise
Software Extension
Platforms
Source: GoldsteinResearch
XX%
XX%
XX%
XX%
XX%
DataManagement
Network Management
Security
RemoteMonitoring
Real Time Streaming
Analysis
Source: GoldsteinResearch
Global Smart Agriculture Market
Share(%), By Software-2016
lGobal Smart Agriculture Market
Share(%), ByPlatform-2016
FigGlobal Smart Agriculture Market
Share(%), ByHardware-2016
XX%
XX%
XX%
XX%
Drones
Sensors
RFIDTags
Others(Transmit
ters,Sprinklers)
Source: GoldsteinResearch
2015e 2016f 2017f
Source: GoldsteinResearch
Executive Summary
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Major Players/
Industries
NorthAmerica APAC Europe LatinAmerica
Middle East &
Africa
ROW
AGCOCorporation
Deere &Company
LeicaGeosystems
Trimble
Navigation Ltd.
AgJunction Inc.
Cisco Systems
Hexagon AB
AG Leader
Technology
High Penetration Medium Penetration Low Penetration
Major Players Presence-Regional Analysis
Source: GoldsteinResearch
Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Smart Agriculture Market Size (USD Billion) & Y-O-Y Growth Analysis
(%), 2016-2024
XX%
XX% XX% XX%
XX% XX% XX% XX% XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Goldstein Research Source: GoldsteinResearch
Adoption of robotic and GPS technology with computer imaging in farming is transforming the agriculture industry by
improving the agricultural production
Leading market players are investing farm business network to expand their product portfolio. Moreover, application of
IoT in agriculture is giving opportunities for many startups, In last 3 years, over USD 270 million is invested by startups
in agriculture and food technology deals
Due to high initial investment in the implementation of digital technologies for farming is restriction the adoption of
smart farming among farmers. Over 75% of farmers are not able to adopt smart farming mainly in developing economies
due to high cost hardware devices and lack accessibility to internet
Global Smart Agriculture Market Y-o-Y Growth (%),
2016-2024
Global Smart Agriculture Market (USD Billion), 2016- 2024
XX
Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016 2017 2018 2019 2020 2021 2022 2023 2024
Market Dynamics
AgriculturalPractices
Water
Conservation
Energy
Efficiency
GrowthDrivers
Fragmentation in
Agriculture
industry & Data
Management
GeneralTrend
Highly Complex Moderately Complex Waived
High Initial
Investments
Climate
Change
Lack of
awareness
GrowthBarriers
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High initial investments, fragmentation in agriculture and lack of internet connectivity
 High cost of IoT based solutions for farming is a major concern for farmers majorly in
developing countries such as China, India and Brazil. Huge initial investment in digital farming
technology is a key factor which is hindering the growth of global smart agriculture market
 Agriculture sector is majorly dominated by small enterprises, lack of involvement of dominating
players of IoT based solution in agriculture is impacting the expansion of smart agriculture
business. Agriculture sector generates huge amount of data and data management is a major
obstacle for smart agriculture
 Many famers are not able to adopt IoT based technology for farming due to lack of accessibility
of connectivity services. Also lack of knowledge about wireless technology mainly in emerging
economies is also hindering the growth of smart agriculture business
 As agriculture needs wide connectivity, adoption of LPWA technologies is expected to decline
due to its high-cost and narrow-area connectivity that can not cover the remote locations
High Medium Low
ImpactAnalysis:-
 The population living in rural areas across the globe are unable
to get internet connectivity due to less awareness are some of
the factors which is restraining the growth of smart agriculture
market.
 Many regions across the globe are underdeveloped and
viewing low economies . These regions are unable to embrace
advanced agriculture facilities which is curbing the growth of
global smart agriculturemarket.
XX
XX
XX
XX
XX
Germany Russia SouthAfrica
Rural population (%) of the total population(%)- By
Countries,2016
Rural & Urban Population (%)- World
48%
52%
China India
Source: World Bank Data
• 12.7% of the total population of the world
population is lived at or below USD 1.90 per
day in the year 2012
• In China, 753 Million people living at or
below USD1.90 per day
• In East-Asia region, 18.7% of the total
population of this region living below
poverty line in2012
• In United States, the population lies below
poverty line is 15.2% of the total population
of thecountry
Source:XXXX
Impact on Smart AgricultureMarket
Market Restraints
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Opportunities for Smart Agriculture Market
Future Scope for IoT Application in SmartAgriculture Opportunities for Smart Agriculture
Smart
Agriculture
CropWater
Management
Precision
Agriculture
Crop
Productionand
Safety
Management
Pest
Management
and Control
Work
Smart
Farming
Collaboration of
PrivateCompanies
with Government
Rising Penetration
of Internet and
Adoption of Smart
Phones
Increasing
implementation of
Communication
Technologies
Source: Goldstein Research Source: GoldsteinResearch
CLASS a leading agricultural machinery manufacturer collaborated with 365FarmNet , to facilitate the farmers with
remote services which they can manage via Smartphone or computer
CleanGrow Ltd. launced Carbon Nanotube Probe which helps in measuring ion concentration in liquid and nutrient
planning for field
Hexagon AB, acquired iLab Sistemas in 2014, to provide optimization solutions for agriculture sector, primarily for
sugarcane and ethanol industries
Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com
Impact Analysis (%) of Communication Technology on Global Smart
Agriculture Market, 2016-2024
Source: Goldstein Research Source: GoldsteinResearch
In global smart Agriculture Market Growing penetration of communication technology is positively impacting the
business opportunities for smart agriculture. These communication technology is used in application such as automated
irrigation, water sprinkling, farm navigation and greenhouse farming
Over 82% of U.S. farmers are using GPS technology for monitoring farm machinery and navigation. Rising penetration
of communication technology is helping in improving the precision livestock monitoring and farm management which is
likely to boost the demand of precision farming during the forecast period
As agriculture needs wide connectivity, adoption of LPWA technologies is expected to rise due to its low-cost and wide-
area connectivity that can cover the remote locations
toreach.
Smart Agriculture Market, Adoption Rate(%), By
Communication Technology,2016
Communication Technologies Used in SmartAgriculture
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2G/3G/4G
Satellite
Bluetooth
ZigBee
LPWA (LORA,Sigfox)
WIFI
NB-IoT
XX%
XX%
XX%
XX%
XX%
XX%
LWPA
Bluetooth
Satellite
2G/3G/4G
ZigBee
Others
Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com
XX%
XX%
Hardware
XX%
XX%
Software
Global Smart Agriculture Market Share (%), By Component, 2016-2024
Rising demand of drones for remote monitoring of field and livestock and help in improving crop management.
However, less adoption of RFID tags and transmitters are likely to impact the market demand of hardware segment
In 2010, Food and Agriculture Organization introduced Climate Agriculture Policies for food security and mitigation in
U.S.. This has significantly increased the adoption of connectivity and hardware specific software based platforms for
agriculturalpurpose
Rising adoption of data management and remote monitoring software for capacity development, field monitoring and
analysis of climatic changes is boosting the growth of smart agriculture software market
XX%
XX%
Platforms
Source: GoldsteinResearch
Global Smart Agriculture Market Share (%) Analysis, By Component,2016-2024
Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com
2016 2024
About Us
Based in U.S., Goldstein Research is a young business consulting and market research firm with vast
reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to
expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We
strive to realize a strong brand presence globally through our quality research and forecasting solutions.
With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the
best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market
challenges and develop a robust business model and strategies, which would add to your profitability and
market visibility as a brand.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future
decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and
communities through our well-defined ideas and clear cut forecasts.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future
decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and
communities through our well-defined ideas and clear cut forecasts.
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Terms of Use
Kindly note that the publications made by Goldstein Research are exclusively proprietary. The
market information revealed is subjected to the approval with an appropriate e-mail requested to
Goldstein Research. Initial data and content can be published with a written permission of
Goldstein Research. Further, to be noted that no part of our strategic business quantitative or
qualitative data or analysis should be used for general purpose. It’s a non -disclosure and not for
public disclosure.
Accuracy of the data are solely contingent to the primary interview conducted and it may result in
mare variations. So, we do not take responsibility; however the data and the information provided
are at our utmost precision.
Kindly note: Any lending, disclosure, resale, or copying of this publication can only be prepared
with preceding written approval from Goldstein Research.
Photocopying, mechanical, electronic, recording or otherwise are strictly prohibited deprived of
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Global smart agriculture market outlook

  • 1. Report Code :HICT1002 2016-2024 Global Smart Agriculture Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422,+91-844-785-9968 sales@goldsteinresearch.com 99 Wall Street, Suite No:- 527, New York, NY10005 United States of America Office No:- 504, 5th Floor, C-51, BSI BusinessPark, Sector-62, Noida, PIN:-201301 India www.goldsteinresearch.com Published By: GoldsteinResearch Vision Value Visibility Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
  • 2. XX% XX% XX% XX% XX% 2016 Asia-Pacific LatinAmerica Middle East &Africa XX% XX% XX% XX% XX% 2024 North America Europe Source: GoldsteinResearch In 2016, Hardware accounted for the highest market share XX% in Global Smart AgricultureMarket 2018f 2019f 2020f 2021f 2022f 2023f Global Smart Agriculture Market Size USD (Billion). 2016-2024 XX% CAGR:(2016-2024) Global Smart Agriculture Market Share(%), By Region-2016- 2024 With XX% share in 2016, North America region dominated the Global Smart Agriculture Market xx% xx%xx% xx% Connectivity/M2M Platforms Infrastructure-as-a- Service (Iaas) BackendPlatforms Hardware specific softwarePlatforms Consumer/Enterprise Software Extension Platforms Source: GoldsteinResearch XX% XX% XX% XX% XX% DataManagement Network Management Security RemoteMonitoring Real Time Streaming Analysis Source: GoldsteinResearch Global Smart Agriculture Market Share(%), By Software-2016 lGobal Smart Agriculture Market Share(%), ByPlatform-2016 FigGlobal Smart Agriculture Market Share(%), ByHardware-2016 XX% XX% XX% XX% Drones Sensors RFIDTags Others(Transmit ters,Sprinklers) Source: GoldsteinResearch 2015e 2016f 2017f Source: GoldsteinResearch Executive Summary Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Sample Request
  • 3. Major Players/ Industries NorthAmerica APAC Europe LatinAmerica Middle East & Africa ROW AGCOCorporation Deere &Company LeicaGeosystems Trimble Navigation Ltd. AgJunction Inc. Cisco Systems Hexagon AB AG Leader Technology High Penetration Medium Penetration Low Penetration Major Players Presence-Regional Analysis Source: GoldsteinResearch Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
  • 4. Global Smart Agriculture Market Size (USD Billion) & Y-O-Y Growth Analysis (%), 2016-2024 XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: Goldstein Research Source: GoldsteinResearch Adoption of robotic and GPS technology with computer imaging in farming is transforming the agriculture industry by improving the agricultural production Leading market players are investing farm business network to expand their product portfolio. Moreover, application of IoT in agriculture is giving opportunities for many startups, In last 3 years, over USD 270 million is invested by startups in agriculture and food technology deals Due to high initial investment in the implementation of digital technologies for farming is restriction the adoption of smart farming among farmers. Over 75% of farmers are not able to adopt smart farming mainly in developing economies due to high cost hardware devices and lack accessibility to internet Global Smart Agriculture Market Y-o-Y Growth (%), 2016-2024 Global Smart Agriculture Market (USD Billion), 2016- 2024 XX Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016 2017 2018 2019 2020 2021 2022 2023 2024
  • 5. Market Dynamics AgriculturalPractices Water Conservation Energy Efficiency GrowthDrivers Fragmentation in Agriculture industry & Data Management GeneralTrend Highly Complex Moderately Complex Waived High Initial Investments Climate Change Lack of awareness GrowthBarriers Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Sample Request
  • 6. High initial investments, fragmentation in agriculture and lack of internet connectivity  High cost of IoT based solutions for farming is a major concern for farmers majorly in developing countries such as China, India and Brazil. Huge initial investment in digital farming technology is a key factor which is hindering the growth of global smart agriculture market  Agriculture sector is majorly dominated by small enterprises, lack of involvement of dominating players of IoT based solution in agriculture is impacting the expansion of smart agriculture business. Agriculture sector generates huge amount of data and data management is a major obstacle for smart agriculture  Many famers are not able to adopt IoT based technology for farming due to lack of accessibility of connectivity services. Also lack of knowledge about wireless technology mainly in emerging economies is also hindering the growth of smart agriculture business  As agriculture needs wide connectivity, adoption of LPWA technologies is expected to decline due to its high-cost and narrow-area connectivity that can not cover the remote locations High Medium Low ImpactAnalysis:-  The population living in rural areas across the globe are unable to get internet connectivity due to less awareness are some of the factors which is restraining the growth of smart agriculture market.  Many regions across the globe are underdeveloped and viewing low economies . These regions are unable to embrace advanced agriculture facilities which is curbing the growth of global smart agriculturemarket. XX XX XX XX XX Germany Russia SouthAfrica Rural population (%) of the total population(%)- By Countries,2016 Rural & Urban Population (%)- World 48% 52% China India Source: World Bank Data • 12.7% of the total population of the world population is lived at or below USD 1.90 per day in the year 2012 • In China, 753 Million people living at or below USD1.90 per day • In East-Asia region, 18.7% of the total population of this region living below poverty line in2012 • In United States, the population lies below poverty line is 15.2% of the total population of thecountry Source:XXXX Impact on Smart AgricultureMarket Market Restraints Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Sample Request
  • 7. Opportunities for Smart Agriculture Market Future Scope for IoT Application in SmartAgriculture Opportunities for Smart Agriculture Smart Agriculture CropWater Management Precision Agriculture Crop Productionand Safety Management Pest Management and Control Work Smart Farming Collaboration of PrivateCompanies with Government Rising Penetration of Internet and Adoption of Smart Phones Increasing implementation of Communication Technologies Source: Goldstein Research Source: GoldsteinResearch CLASS a leading agricultural machinery manufacturer collaborated with 365FarmNet , to facilitate the farmers with remote services which they can manage via Smartphone or computer CleanGrow Ltd. launced Carbon Nanotube Probe which helps in measuring ion concentration in liquid and nutrient planning for field Hexagon AB, acquired iLab Sistemas in 2014, to provide optimization solutions for agriculture sector, primarily for sugarcane and ethanol industries Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com
  • 8. Impact Analysis (%) of Communication Technology on Global Smart Agriculture Market, 2016-2024 Source: Goldstein Research Source: GoldsteinResearch In global smart Agriculture Market Growing penetration of communication technology is positively impacting the business opportunities for smart agriculture. These communication technology is used in application such as automated irrigation, water sprinkling, farm navigation and greenhouse farming Over 82% of U.S. farmers are using GPS technology for monitoring farm machinery and navigation. Rising penetration of communication technology is helping in improving the precision livestock monitoring and farm management which is likely to boost the demand of precision farming during the forecast period As agriculture needs wide connectivity, adoption of LPWA technologies is expected to rise due to its low-cost and wide- area connectivity that can cover the remote locations toreach. Smart Agriculture Market, Adoption Rate(%), By Communication Technology,2016 Communication Technologies Used in SmartAgriculture XX% XX% XX% XX% XX% XX% XX% 2G/3G/4G Satellite Bluetooth ZigBee LPWA (LORA,Sigfox) WIFI NB-IoT XX% XX% XX% XX% XX% XX% LWPA Bluetooth Satellite 2G/3G/4G ZigBee Others Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com
  • 9. XX% XX% Hardware XX% XX% Software Global Smart Agriculture Market Share (%), By Component, 2016-2024 Rising demand of drones for remote monitoring of field and livestock and help in improving crop management. However, less adoption of RFID tags and transmitters are likely to impact the market demand of hardware segment In 2010, Food and Agriculture Organization introduced Climate Agriculture Policies for food security and mitigation in U.S.. This has significantly increased the adoption of connectivity and hardware specific software based platforms for agriculturalpurpose Rising adoption of data management and remote monitoring software for capacity development, field monitoring and analysis of climatic changes is boosting the growth of smart agriculture software market XX% XX% Platforms Source: GoldsteinResearch Global Smart Agriculture Market Share (%) Analysis, By Component,2016-2024 Copyright Goldstein Research, All Rights Reserved www.goldsteinresearch.com 2016 2024
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