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North America and Europe to Dominate the Agricultural Variable Rate Technology Market

North America is estimated to account for the largest share of the variable rate technology market. The increase in automation and digitization of agriculture is creating new business models for this market.<br>Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=178591689

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North America and Europe to Dominate the Agricultural Variable Rate Technology Market

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  1. MarketsandMarkets Presents North America and Europe to Dominate the Agricultural Variable Rate Technology Market

  2. Introduction The variable rate technology market was valued at USD 1.31 Billion in 2016. It is projected to grow at a CAGR of 9.65% from 2017, to reach 2.24 Billion by 2022. The objectives of the study are to define, segment, and measure the size of the market with respect to its type, crop type, application method, farm size, offering, and region. The report also aims to provide detailed information about the crucial factors influencing the growth of the market, strategical analysis of micromarkets, opportunities for stakeholders, details of competitive landscape, and profile of the key players with respect to their market share and competencies. North America is estimated as the largest contributor to the global variable rate technology market due to early adoption of variable rate technologies by countries in this region such as the U.S. and Canada. The presence of a large number of vendors, continuous advancements in technology, and reduced price of equipment are contributing to the growth of the variable rate technology market in North America. Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=178591689

  3. Key Players • Deere & Company (U.S.) • AGCO Corporation (U.S.) • Trimble, Inc. (U.S.) • CNH Industrial N.V. (U.K.) • Topcon Corporation (Japan) • Raven Industries, Inc. (U.S.) • Ag Leader Technology (U.S.) • SZ DJI Technology Co., Ltd. (China) • YaraInternational ASA (Norway)

  4. Market Dynamics Drivers: • Improved Efficiency and Productivity Through Improved Crop Yields and Field Quality • FavorableGovernment Initiatives for Adoption of Modern Agricultural Techniques • Increase in Average Age of Farmers in Developed Countries Restraints: • High Initial Capital Investment • Lack of Technical Awareness and Understanding Regarding Advantages of VRT Over Traditional Agricultural Practices

  5. Opportunities: • Integration of Smartphones With Agricultural Hardware and Software Applications • VRT Services Provided By Leading Market Players in Developing Economies Challenges: • Lack of Data Management Practices for Productive Utilization of VRT in Agriculture • Smaller Land Holdings in Developing Economies

  6. Target Audience • Variable rate technology component manufacturers • Variable rate technology product importers and exporters • Variable rate technology product traders, distributors, and suppliers • Government and research organizations • Original equipment manufacturers • Satellite service providers • Software, service, and technology providers • Original equipment manufacturers • Commercial research & development (R&D) institutions and financial institutions • End users

  7. Contact Us Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

  8. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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