Global smart agriculture market accounted for a value of USD 11.9 billion in 2019

NEW DELHI - Feb. 6, 2021 - PRLog -- The global smart agriculture market (https://panmarketconsulting.com/global-smart-agriculture-market-by-agriculture-type-livestock-monitoring-precision-forestry-precision-aquaculture-others-by-offering-hardware-services-and-software-by-application-by-region/) accounted for a value of USD 11.9 billion in 2019 and is projected to register growth at a CAGR of 8.1% during the forecast period.

COVID-19 has impacted the smart agriculture market. The supply chain of various industries of smart agriculture such as livestock monitoring, precision farming, and forestry got disrupted due to travel restrictions and lockdown implemented by governments of various countries, and this resulted in an increase in demand for farm management and remote monitoring technology software tools. However, the market for this software is likely to grow more post-COVID-19. The demand for agricultural equipment and technologies is declining due to the outbreak of coronavirus. The market for smart agriculture is likely to witness higher growth post-COVID-19.

The key market players in smart agriculture industry are Deere & Company, Trimble, Topcon Positioning, Devlaval, Antelliq, afimilk Ltd., AKVA Group, Innovasea Systems, Heliospectra, Lumigrow, Treemetrics, Nedap NV, Agjunction, AG Leader Technology, Raven Industries, Aquabyte, Fancom B.V., and Boumatic LLC.

For more details, visit: Global Smart Agriculture Market By Agriculture Type (Livestock Monitoring, Precision Forestry, Precision Aquaculture, Others), By Offering (Hardware, Services and Software), By Application, By Region, Forecast & Opportunities to 2026 (https://panmarketconsulting.com/global-smart-agriculture-...)