A comprehensive overview of the Smart Plantation Management Systems Market is recently added by UnivDatos Market Insights to its humongous database. The Smart Plantation Management Systems Market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Smart Plantation Management Systems Market. The Smart Plantation Management Systems Market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Smart Plantation Management Systems Market at the global and regional levels.
The Global Smart Plantation Management Systems Market is expected to grow at a significant rate by 2027.
The demand for SMART PLANTATION MANAGEMENT SYSTEMS is increasing on account of the rising global population. The increasing global population is putting high pressure on land and as per the United Nations report, the global population is expected to rise by 2 billion persons in the next 30 years, from 7.7 billion in 2019 to 9.7 billion in 2050. Also, there will be only an extra 4% of land available for cultivation by the end of 2050. Due to such reasons, the farmers will have to increase their production yield, with only limited land available. As per the UN report, food production will have to increase by 60% to feed an additional two billion people. The use of Traditional Methods will not be enough to produce a such high yield, hence agro companies and farmers are finding newer ways such as the adoption of Artificial intelligence (AI). AI-powered methods will be able to improve efficiencies and production of the crop with high quality and quantity. Also, Precision agriculture exploits AI technology to aid in detecting diseases in plants, pests, and poor plant nutrition on farms.
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Global Smart Plantation Management Systems Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into
The Irrigation Systems segment dominated the market in 2020 and is expected to grow at lucrative during the forecasted period. Smart irrigation systems monitor as well as control the water scheduling for plantation crops based on data collected by sensors. Moreover, the use of smart irrigation systems decreases the amount of water needed for irrigation, causing the reduction of operation costs, particularly for large farmland. As per the tests by the International Center for Water Technology (California) and Irrigation Association (IA), smart irrigation systems save around 20% more water than traditional irrigation systems, hence driving its demand in the market.
By Crop, the market is primarily segmented into
Amongst Crop, the Fruits segment accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the forecast period 2021-2027.
By Component, the market is primarily segmented into
Amongst Component, the Hardware segment accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the forecast period 2021-2027.
SMART PLANTATION MANAGEMENT SYSTEMS Market Geographical Segmentation Includes:
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The major players targeting the market includes
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Smart Plantation Management Systems Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Smart Plantation Management Systems Market?
• Which factors are influencing the Smart Plantation Management Systems Market over the forecast period?
• What are the global challenges, threats, and risks in the Smart Plantation Management Systems Market?
• Which factors are propelling and restraining the Smart Plantation Management Systems Market?
• What are the demanding global regions of the Smart Plantation Management Systems Market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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