New York – May 10, 2022 - Research Nester’s recent market research report on “Smart Farms Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview in terms of market segmentation by technology, application, and by region.

Growing Concern for the Demand for Food Supply to Promote Global Market Share of Smart Farms

The global smart farms market is estimated to grow majorly on account of the rising demand for food to sustain and drive which requires the application of smart farms to escalate the production of food products. Furthermore, the rising favorable government initiatives to help in increasing the supply of agricultural products in the world along with rising investments in the agricultural sector by regulating authorities to aid the production of grains and other food items is also estimated to bring lucrative growth opportunities for expansion of the global smart farms in the forecast period. Microsoft and the Indian government have teamed up to support India's small-holder farmers. The alliance aims to boost farmers' incomes through improved price management and increased agricultural yield using AI sensors. The collaboration would accelerate the use of AI in farming.

Some of the major growth factors and challenges that are associated with the growth of the global market are:

Growth Drivers:

• Surge in Utilization of Smart Devices in Agriculture
• Rising Technological Advancement in the Farming Sector

Challenges:

Growing environmental concerns, difficulty in managing enormous amounts of data to make effective decisions, and the high initial cost of autonomous equipment used in farms are some of the major factors anticipated to hamper the global market size of smart farms.

Access our detailed report at: on “Smart Farms Market Analysis by Technology (Indoor Vertical Farming, Automated Farming, Livestock Farming, Modern Greenhouse, Precision Farming); Application (Livestock Monitoring, Management, Indoor Farming, Aquaculture) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2035” @

https://www.researchnester.com/reports/smart-farms-market/4690

By technology, the global smart farms market is segmented into indoor vertical farming, automated farming, livestock farming, modern greenhouse, precision farming, and others. The precision farming segment will garner the highest revenue by the end of 2035 by growing at a significant CAGR of 13.91% over the forecast period. Rapid deforestation is estimated to be the primary factor for segment growth. Additionally, a growing population could be also the driving factor for the growth of the segment as the population is demanding more food. Hence to satisfy human food demand by causing the least harm to the environment the adoption of precision farming is expected to boost.

By region, the North American smart farms market is to generate the highest revenue by the end of 2035. This growth is anticipated by a higher number of US-based market suppliers and significant technological investment made by North American farmers. Additionally, rising government measures to boost the growth of the agriculture sector in the region are largely responsible for the growth of the region’s smart farming market over the forecast period. Also, the availability of a large number of agricultural land is estimated to boost the growth of the market in this region.

This report also provides the existing competitive scenario of some of the key players of the global smart farms market which includes company profiling of Ag Leader Technology, AGCO Corporation, AgJunction LLC, Autonomous Solutions, Inc., Argus Embedded Systems Pvt. Ltd, CropMetrics, Deere & Company, DeLaval, Trimble Inc., Topcon, and others.