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Forecast market value of smart agriculture worldwide from 2016 to 2025 (in million U.S. dollars)

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Global market size of smart agriculture 2016-2025 This statistic shows the forecasted market value of smart agriculture worldwide from 2015 to 2020. The global market size of smart agriculture is expected to grow from approximately five billion U.S. dollars in 2016 to 15.34 billion U.S. dollars by 2025.
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Market value in million U.S. dollars
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Description Source More information
This statistic shows the forecasted market value of smart agriculture worldwide from 2015 to 2020. The global market size of smart agriculture is expected to grow from approximately five billion U.S. dollars in 2016 to 15.34 billion U.S. dollars by 2025.
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Release date
August 2018
Region
Worldwide
Survey time period
2016
Supplementary notes
* Forecast.
Smart Agriculture Market by Agriculture Type: Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, and Others (Orchid, Forestry, and Horticulture).
The source adds the following information: "Smart agriculture incorporates Internet of Things (IoT) based advanced technologies and solutions to improve operational efficiency, maximize yield, and minimize wastage through real-time field data collection, data analysis, and deployment of control mechanism."
Diverse IoT-based applications includes variable rate technology, precision farming, smart irrigation, and smart greenhouse.
Figures have been rounded.

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