Smart Agriculture Market Growing at the Fastest Rate in APAC Region

A large part of the market’s recent growth can be attributed to the development and application of technologies like artificial intelligence (AI) and the internet of things (IoT) in smart agriculture as well as the mounting pressure on the food supply system brought on by the world’s population’s rapid growth.

China accounts for the largest share of the smart agriculture market in APAC during the forecast period

China is expected to account for the largest share of the smart agriculture market in APAC during the forecast period. It is one of the early adopters of smart agriculture technologies. The smart agriculture market in China is also expected to grow at the highest CAGR during the forecast period. The increasing demand for modern agricultural machinery and the growing adoption of new technologies are the major reasons behind the high growth of the smart agriculture market in China

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Precision farming to have the largest market share during the forecast period

The rising global demand for food and the growing focus on increasing profitability and production by implementing advanced techniques in farming are among a few of the major factors contributing to the growth of the market. Precision farming accounted for the largest share of the smart agriculture market, by agriculture type. This large share can be attributed to the increasing focus on farm efficiency and productivity. The implementation of precision farming tools has the potential to change the concept of agriculture for good, making traditional agricultural activities more efficient and predictable.

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During the anticipated period, the market for precision farming software is expected to grow at the highest CAGR.

The use of AI and data analytics by farmers is on the rise. Farmers may analyse weather, temperature, water use, soil conditions, and other factors with the use of AI. AI is used in precision agriculture to identify plant pests and learn about plant nutrition. AI aids in the development of seasonal forecasting models to increase agricultural productivity and accuracy. The market for smart agriculture is growing as technology becomes more widespread around the world.

https://www.whatech.com/og/markets-research/agriculture/724373-attractive-opportunities-in-the-smart-agriculture-market-reported-in-the-latest-study