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Smart Plantation Management System Market

The global Smart Plantation Management System market is anticipated to grow nearly at a CAGR of 6.5 % to reach US$ 1.48 billion by 2026.

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Smart Plantation Management System Market

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  1. Smart Plantation Management System Market

  2. According to BlueWeave Consulting, the Global Smart Plantation Management System Market is expected to grow at a significant rate during the forecast period. The Global Smart Plantation Management System Market is projected to reach USD 1.48 billion by 2026 by growing at a CAGR of 6.5 % during the forecast period 2020- 2026. The market is growing owing to various factors. The increase in the adoption of plantation intelligence (PI) and data mining and reduction in agricultural resource waste and manpower, are the primary factors fueling the growth of the market for smart plantation management systems. The use of smart irrigation systems conserves approximately 20 percent more water than conventional irrigation systems, which is one of the critical drivers of the Plantation Management Systems market. The software is permitting farmers to use smartphones or laptops to track and manage their fields, which removes the need to visit the fields regularly. These factors are expected to drive the growth of the software segment. In addition, the Smart Plantation Management Systems market would increase by the government’s support to promote the Internet of Things (IoT) in farming, unfavorable climatic conditions, raise environmental concerns, decrease productivity, and reduction of farmland numbers.

  3. The Fruits segment in Crop Type is expected to grow at the highest rate during Forecast horizon Based on Crop Type, the Fruits segment is expected to account for the largest market share during the forecast period, since fruit has emerged as a vital crop for the use of smart plantation management systems, given a large number of players offering smart fruit plantation systems and technologies developed for different fruit types. Grapes, citrus fruits, and apples are the main fruits where, due to their higher demand, smart plantation management systems were introduced. Increasing adoption of plantation intelligence (PI) and data mining by farmers The integration of IoT an advanced technological tools, systems, equipment, and solutions in Planting Intelligence (PI) and data mining in agriculture offers increased operational efficiency, optimized yield, and reduced energy waste through real-time field data collection, data storage, data analysis, and application creation. Read more:https://www.blueweaveconsulting.com/smart-plantation-management-system-market-bwc19406

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