Global Smart Agriculture Market to Reach $19.1 Billion by 2026
As population increases food demand also increases and food growers are seeking means for increasing efficiency of their activities and also reducing environmental impact of the rapidly growing farming activities. Smart agriculture technologies play key role in enabling farmers achieve these goals. Increasing global demand for food, growing need of livestock health and growing support from the governments to adopt advanced agricultural techniques are some of the major factors driving the market growth. Smart agriculture not only reduces the emissions but also increases productivity. Advanced technologies such as data analytics, Artificial Intelligence, Aerial image-based analytics, sensor-based resource mapping, predictive analytics for livestock and crops are being adopted by agri-tech companies to enhance the farming processes. AI powered crop monitoring systems enable predictive analysis enabling farmers make informed and data driven decisions. Smart drones are also being used for spraying fields in a more efficient and faster manner.