LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global cultivation solutions market in smart agriculture to grow at a CAGR of around 12% during the forecast period, according to their latest market research report.
The growing popularity of climate-smart agriculture is one of the major trends being witnessed in the global cultivation solutions market in smart agriculture 2018-2022. The changes in rainfall patterns, the emergence of crop diseases and pests, and soil erosion are resulting in a decline in yield and income for farmers globally. Therefore, CSA has emerged as an effective solution for mitigating all these issues. It is an approach that helps the farmers to develop agricultural strategies to support and ensure food security in a world where climate change is a growing threat.
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According to Technavio analysts, one of the key factors contributing to the growth of the global cultivation solutions market in smart agriculture is the global rise in the adoption of smart agriculture:
Global cultivation solutions market in smart agriculture: Global rise in the adoption of smart agriculture
Smart agriculture is a concept of carrying out agriculture using various advanced technologies, such as the Internet of Things (IoT), Big Data, robotics, and connected devices. Smart agriculture offers high precision crop control, data collection, and automated farming. Smart agriculture includes the use of technology to monitor, map, and respond to variability in crop yields.
According to a senior market research analyst at Technavio, “With more farmers focusing on increasing productivity, smart agriculture offers a feasible solution for improved automation and precise control of farm monitoring and operations. Using smart agriculture, farmers can monitor crop health, increase productivity, reduce the impact of climate change, detect weeds, and use water, land, and fertilizers efficiently.”
Global cultivation solutions market in smart agriculture: Segmentation analysis
The global cultivation solutions market in smart agriculture research report provides market segmentation by solution (agriculture cloud, compound environmental and control equipment (CECE), and production support), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2017, accounting for more than 41% share. The adoption of technologically advanced solutions in smart agriculture is high in American countries such as the US, Canada, Brazil, Argentina, and Mexico. Farmers in these countries prefer software and advanced technology to obtain solutions for various environmental conditions.
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