Agriculture

  According to BlueWeave Consulting,   The Global Hydroponics Market has reached  USD in 2019 and is further projected to reach USD by 2026, growing at a CAGR during the forecast period.    Plants are grown in the mineral nutrient solution and soil-less circumstances known as hydroponics. Usually, crops were grown in a specific climate condition but in hydroponics, they are grown in the measured environment system. Hydroponics uses two approaches to grow crops as solid-average culture and solution culture. However, solution culture is gaining approval across the world.   The main growth reason for the hydroponic industry is the higher yield in comparison to traditional agricultural techniques. Growth in the consumption of exotic, salad crops, and the need for worldwide food security is predictable to fuel the market. Lack of methodical knowledge regarding the soil-less agriculture system and high setup cost is predicted to restrain the market growth ...

  A study recently conducted by the strategic consulting and market research firm,  BlueWeave Consulting  revealed that the   global digital farming market  was worth  USD 4,770.8 million  in 2020 and is further projected to reach  USD 10,702.3 million by 2027, at a CAGR of 12.7%  during the forecast period (2021-2027). Factors driving the market include increased  food demand  due to population growth, increasing usage of VRT (Variable Rate Technology), and the growing prevalence of remote sensing technology, as well as  guidance technologies  by global farmers. Additionally, significant cost savings achieved through the implementation of modern  agricultural techniques  is another factor driving the market growth.   Substantial Cost Savings were achieved by the implementation of modern techniques to drive the global digital farming market during the forecast period Farming is a cost-intensive process....