Italy Smart Agriculture Market Research Report, 2027

The quality of today's crops is deteriorating yearly. The majority of farming operations have turned out to be environmentally unsustainable due to the constant use of chemical-based inputs like fertilizers, pesticides, herbicides, and mechanized farming. This overexploitation of natural resources, particularly groundwater and soil, has been caused by these inputs. Humans must employ chemicals, insecticides, and fertilizers with the right knowledge, tools, and intentions for crops to grow properly. Most of the food and textiles in the world are produced through agriculture. Agriculture produces leather, wool, and cotton. Agriculture also produces paper and timber for building. These goods, as well as the agricultural practices employed, may differ from region to region. Better cost control and waste elimination result from increased production control. It reduces the possibility of product loss to be able to track abnormalities in crop growth or livestock health. Smart agriculture increases productivity. Precision agriculture, precision aquaculture, smart green houses, precision livestock, and precision forestry are different ways to perform smart agriculture. While the developed countries like the United States, Australia, and the UK are the nation’s most rapidly adopting precision farming technologies, Italy is also growing rapidly in this smart agriculture industry. According to the Actual Market Research’s report titled “Italy Smart Agriculture Market Research Report, 2027” the smart agriculture market of Italy is expected to grow with the nearly CAGR of 12% from the year 2022 to 2027 which is faster than many developed countries. In order to overcome issues like limited arable land, climate change, water scarcity, or energy availability, among others, the smart agricultural industry must integrate new technologies like the Internet of Things (IOT), edge computing, 5G, block chain, AI, machine learning, robots, and drones. Precision agriculture uses all these technologies to make agriculture really smart. Precision farming, often known as "accuracy agriculture," is a general term for IoT-based strategies that improve farming's precision and control. Simply said, plants and animals receive the precise care they require, which is decided by machines with superhuman accuracy. The primary distinction between precision farming and the conventional method is that decisions may be made per square meter, or even per plant or animal, as opposed to per field. Precision agriculture is highly adopted in the Italian market and it has a huge market share in Italy. Precision agriculture is growing rapidly in the Italian market with the highest CAGR, at nearly 12% year on year. Hardware, software, and services are the pioneers of smart agriculture. IoT-enabled smart agriculture creates agribusiness and has the potential to meet the global need for food. Agribusiness will become more productive when IOT is used. The potential for implementing new technology is growing in agribusiness as farmers become increasingly aware of the IOT. The Internet of Things is extremely effective, accessible, persistent, and open in nature. Farmers may employ sensors to keep an eye on their soil, crops, and agricultural yield. This will promote smart agriculture. Positive support for the adoption of new agricultural practices from regional governments and development organizations is one of the reasons driving the growth of the smart agriculture IOT market. In addition, the declining amount of arable land and the consequent increase in demand for high-quality food items are two other significant reasons driving the growth of the agriculture IOT market. Additionally, factors including rising consumer awareness of AI and big data analytics, constant IOT device proliferation across a variety of end-use industries, and improved end-user experience are all boosting this market's growth. The use of software is increasing in the recent past, and the software market share in the smart agriculture market of Italy has nearly 25% of the market share, and it is growing with the highest CAGR of around 15% in the Italian market. COVID-19 impact: As a result of the COVID-19 epidemic, more people have died. The Italian public health services were reduced as a result of financial demands from the previous ten years, which made the already dire situation much worse. Italy has been one of the most impacted nations. Over 600.000 people have died worldwide. Regulations were implemented during the emergency to control the situation. All Italian economic sectors have been severely damaged by the COVID-19 virus and the measures taken to contain it. Food producers faced the danger of being penalized by surplus stock (particularly of perishable food) and insufficient liquidity since so many hotels, restaurants, cafés (Horace channel), and schools were closed for business. The closing of neighborhood markets, altered market demand, and trade-related sanitary and sanitary restrictions all made it more difficult to shift supply toward retail consumers. The interaction of these factors placed the food system as a whole under stress. The Italian government established particular programmers with a budget of more than USD 1.1 billion for the agro-food industry. These measures attempted to restore liquidity and flexibility and aid in reviving the supply chains that had been most negatively impacted. floriculture, dairy, animal husbandry, wine, oil, fruit, vegetables, fisheries, and aquaculture received USD 500 million. The government has set aside USD 300 million to meet the food emergency and the 40% rise in food demand among all vulnerable populations. Considered in this report • Geography: Italy • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Italy smart agriculture Market with its value and forecast along with its segments • Application wise indoor farming distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Based on types: • Precision agriculture, • Aquaculture, • The smart green house market, • The Precision Livestock Monitoring market, • The forestry market Based on offering: • Hardware • Software • Services The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.