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Below are a few of the facts about blockchain technology in agriculture found in Technavio’s market research report
Technavio’s analysts have identified the rising number of government initiatives as a major factor that will drive the growth of blockchain technology in agriculture during the forecast period. Government agencies are focusing on expanding the use of blockchain technology in agriculture sector which will contribute to the growth of the market. Emerging precision agriculture technologies such as telematics, robotics, and nanotechnology are helping farmers make use of the advantages of precision farming to make better decisions and increase the agricultural output. These driving factors are part of the reason why the market is expected to grow at a CAGR of almost 14%. For a complete list of drivers influencing the market’s growth, purchase Technavio’s full report.
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The global blockchain technology market in the agriculture sector is growing reasonably concentrated with the presence of few international and regional blockchain technology companies that offer products that handle data and contracts and track crop logistics with blockchain technology applications. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this blockchain technology market in the agriculture industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for business expansion.
The report offers a complete analysis of several blockchain technology companies, including:
Technavio’s market research report covers the following regions:
About 60% of the market’s incremental growth is expected to come from the Americas over the next five years. At the end of 2017, the Americas accounted for the largest market share in the global blockchain technology market in the agriculture sector, followed by EMEA and APAC. The Americas are forecasted to experience an increased market share in the next five years, while EMEA and APAC are poised to witness a marginal decline at the end of the forecast period.
The global blockchain technology market in the agriculture sector can be divided into 3 product categories:
In 2017, the public blockchain technology product segment held the largest share of the market, followed by the consortium blockchain technology and private blockchain technology. The public blockchain technology is expected to maintain its dominant position over the next five years while consortium and private blockchain technology will hold decreased market share. This report also examines the contributions of the other product segments to the growth of the market and offers predictions for their future performance.
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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global blockchain technology market in the agriculture sector market and its stakeholders over the forecast years.
Technavio’s analysts for the blockchain technology market in the agriculture sector have also considered how the performance of other related markets in the vertical will impact the size of this market until 2022. Some of the markets most likely to influence the growth of the precision agriculture market over the coming years are the precision agriculture market and the agricultural testing market.
Technavio also provides customized reports based on the specific requirement of our clients.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: SEGMENTATION BY APPLICATION
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
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