Launch of Smart Agriculture Training Programs and Initiatives to Deploy Smart Agriculture Solutions in to Augment Growth of Smart Agriculture Market

 

Smart agriculture is quite a new concept and most farmers aren't even aware of what it stands for. The term smart agriculture actually refers to the use of modern technologies such as the Internet of Things (IoT), sensors, place systems, digital devices, robots and artificial intelligent software in your agricultural field. These technologies enable you to automate your farming activities making your farm more productive, efficient and profitable. Smart agriculture helps the environment by reducing the use of traditional agricultural chemicals.

Market Dynamics

Launch of smart agriculture training programs is expected to propel growth of the global smart agriculture market. For instance, in December 2020, the International Organization for Migration, with funding from the Foreign, Commonwealth and Development Office, launched the Climate Smart Agriculture and nutritional garden training program for migrant returnees in Zimbabwe. Moreover, decreasing productivity of traditional crops and less effective practiced farming technologies due to climate volatilities is also expected to aid in growth of the market.

Initiatives to deploy smart agriculture solutions in emerging economies is expected to offer lucrative growth opportunities for players in the global smart agriculture market. For instance, in December 2020, Vodafone India Foundation, Vodafone Idea Ltd.’s corporate social responsibility arm, partnered with Nokia to deploy a smart agriculture solution to improve the productivity of farmers in India. Moreover, investment for R&D in farm management and predictive analytics solutions is also expected to aid in growth of the market. For instance, in January 2021, CropIn, an artificial intelligence and data-led agri-tech organization, raised US$ 20 million in a Series C funding round led by ABC World Asia, an Asia-focused private equity fund, for R&D in farm management and predictive analytics solutions.

Among regions, the Middle East is expected to witness significant growth in the global smart agriculture market, owing to increasing investment in implementation of smart agriculture in the region. For instance, in January 2021, The Ministry of Agriculture, Fisheries and Water Resources, Oman, signed an agreement to lease 100 acres with the Agricultural and Fisheries Development Company to invest and implement the smart agriculture project in the Wilayat of Al Kamil Wa Al Wafi.

Competitive Analysis

Major players operating in the global smart agriculture market include, Dirt Road Data, Inc., AgJunction LLC, Iteris, Inc., Site-Specific Technology Development Group, Inc., CropMetrics LLC, Trimble Navigation Ltd., Agribotix LLC, AgEagle Aerial Systems Inc., Granular, Inc., AgriSight, Inc., and SemiosBio Technologies Inc.

Major players in the global smart agriculture market are focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in December 2020, AgJunction Inc. signed a supply agreement with a new Dutch OEM customer, Ploeger Oxbo Group BV to provide auto steering systems for their CM4240 self-propelled silage merging device.