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Smart Agriculture Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Published on Jun 1, 2017

variantmarketresearch
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Global Smart Agriculture Market is estimated to reach $20 billion by 2024; growing at a CAGR of 14.1% from 2016 to 2024. The agriculture industry will become more important than ever before in the new few decades. According to the United Nations Food and Agriculture Organization, about 795 million people out of 7.3 billion people in the world were suffering from chronic undernourishment in 2014 - 2016. Almost all the hungry people, about 780 million people live in developing countries and 11 million people undernourished in developed countries. Smart agriculture helps to guide actions needed to transform agriculture systems to efficiently support the development and ensure food security. Smart farming has good potential to deliver more productive and sustainable agricultural products with resource efficient approach.

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