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Global Autonomous Farm Equipment Market to Reach $155.1 Billion by 2027

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New York, Oct. 12, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Autonomous Farm Equipment Industry” – https://www.reportlinker.com/p05818534/?utm_source=GNW

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Complimentary updates for one yearGlobal Autonomous Farm Equipment Market to Reach $155.1 Billion by 2027
– In the changed post COVID-19 business landscape, the global market for Autonomous Farm Equipment estimated at US$65.7 Billion in the year 2020, is projected to reach a revised size of US$155.1 Billion by 2027, growing at aCAGR of 13.1% over the period 2020-2027. Partially Autonomous, one of the segments analyzed in the report, is projected to record 11.7% CAGR and reach US$99.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fully Autonomous segment is readjusted to a revised 15.8% CAGR for the next 7-year period.
– The U.S. Market is Estimated at $19.9 Billion, While China is Forecast to Grow at 16.7% CAGR
– The Autonomous Farm Equipment market in the U.S. is estimated at US$19.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.8 Billion by the year 2027 trailing a CAGR of 16.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 10.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR.

Select Competitors (Total 66 Featured)
AGCO Corporation
AgEagle Aerial Systems Inc.
Autonomous Solutions, Inc.
Autonomous Tractor Corporation
Bobcat Company
Claas KGaA GmbH
Clearpath Robotics Inc.
CNH Industrial N.V.
Case IH
Deere & Company
Kinze Manufacturing Inc.
KUBOTA Corporation
Naïo Technologies
Rowbot Systems
Yanmar Holdings Co., Ltd.

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Read the full report: https://www.reportlinker.com/p05818534/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
World Economic Growth Projections (Real GDP, Annual % Change)
for 2020 through 2022
Pandemic Slows Down Demand for Agricultural Equipment
COVID-19 Related Issues Impacting Agriculture Industry
COVID-19 Effect on Supply Chain & Shift to Automation Hail New
Era for Autonomous Vehicle & Equipment Makers
Autonomous Farm Equipment – Global Key Competitors Percentage
Market Share in 2022 (E)
Autonomous Farm Equipment Competitor Market Share Scenario
Worldwide (in %): 2020E
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
An Introduction to Autonomous Farm Equipment
Types of Autonomous Farm Equipment
Benefits of Autonomous Machinery to Farmers
Global Market Prospects & Outlook
Autonomous Tractors to Experience High Growth
Developed Regions Lead, Developing Economies Poised for High
Growth
Competition
Autonomous Farm Equipment Competitor Market Share Scenario
Worldwide (in %): 2020
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

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3. MARKET TRENDS & DRIVERS
Growing Population & Rising Food Security Concerns Drive Demand
for Autonomous Tractors
Long-term Focus on Feeding the World?s Expanding Population to
Sustain the Growth of Mechanized Farm Equipment: World
Population (in Thousands) by Geographic Region for the Years
2019, 2030, 2050, 2100
Food Demand Growth Worldwide: Demand Growth in Million Tonnes
for Select Foods for the Period 2008-2017 and 2018-2027
Climate Change Adds Fuel to the Already Burning Issue of Food
Security
Negative Impact of Rising Surface Temperatures on Agriculture
Industry Increases Reliance on Advanced Farming Technologies
to Sustain Crop Production: Average Global Surface
Temperature (In Degrees Fahrenheit) for the Years 1940, 2000
and 2020
Increasing Mechanization of Agricultural Operations Boosts
Autonomous Farm Equipment Market
Percentage of Mechanization in Agriculture in Select Countries
Declining Agricultural Land Productivity Sets the Stage for
Transformation in Farming
Global Availability of Arable Land in Hectares Per Person for
the Years 1990, 2000, 2018 and 2020
Arable Land Worldwide as a % of Total Land Area for the Years
1990, 2000, 2018 and 2020
Growing Investments in Smart Farming & Increased Use of IoT in
Agriculture Preps the Market for Robust Growth
Rise of Smart Agriculture Sets the Stage for Adoption of
Automated Farming Techniques: Global Smart Agriculture Market
Worldwide (In US$ Billion) by Region/Country for the Years
2020 & 2027
Increased Deployment of IoT in Agriculture Strengthens the
Business Case for Autonomous Farm Equipment: Global
Agricultural IoT Market (In US$ Billion) for the Years 2020,
2023 & 2026
Innovation in Advanced Robotics Plays a Key Role in the
Commercialization of Autonomous Farm Equipment
Continuous R&D in Robotics & the Ensuing Expansion of the
Robotics Market Fuels Market for Agricultural Robotic
Solutions: Global Market for Agricultural Robotics (In US$
Million) for the Years 2020, 2022 & 2024
Autonomous Robotics Find Growing Use in Farms
GPS Systems & Navigation Emerge to Be Indispensable in
Autonomous Farm Equipment
Technology Penetration of High-Precision GPS Vital in Making
Autonomous Vehicles a Reality: Global Positioning Systems:
( GPS) Market Worldwide (In US$ Billion) for the Years 2019,
2022 and 2025
ISOBUS ISO11783 Standard Streamlines Development of Smart
Farming Equipment
Developments in Artificial Intelligence (AI), Machine Vision &
Machine Learning Remain Critical to Commercialization & Growth
Emerging Opportunities for AI in Agriculture to Push Up the
Innovation Index in the Market: Artificial Intelligence (AI)
in Agriculture Worldwide (In US$ Million) for the Years 2019,
2022 and 2025
Rising Significance of Precision Agriculture: Potential
Opportunities for Autonomous Farm Equipment
Global Precision Farming Market (in US$ Million) for the Years
2020, 2022, 2024 and 2026
Global Precision Farming Market by Application (in %) for 2020
Government Budgets for Autonomous Agricultural Technology in
Support of Food Security Goals to Benefit Market Growth
Backed by Government Funding & Support, Automation in
Agriculture Gains Ground: Percentage Share (%) of Government
Expenditure on Agriculture in Total Budgets by Region for the
Years 2010, 2015, 2019 and 2021
Worsening Labor Shortages & Rising Labor Costs Drives Interest
in Autonomous Equipment
Shrinking Labor for Agriculture Raises the Need for Automation:
Percentage (%) of Agricultural Workers in the Global Workforce
for the Years 1992, 2019 & 2022
Contracting Agricultural Labor Drives Demand for Autonomous
Farm Equipment: Agricultural Employment as % of Total
Employment for the Period 2000-2020
Real Wages of Hired Farmworkers in the US (in $ Per Hour) for
the Period 2002-2019
Growing Farm Sizes and Increase in Corporate Farming Raises
Importance of Autonomous Farm Equipment
Farm Consolidation & Increase in Average Size of Farm Pave the
Way for the Deployment of Autonomous Farm Equipment:
Percentage Breakdown of Farm Land by Size and Region
As a Bridge to Fully Autonomous Vehicles, Partially Autonomous
Vehicles Enjoy Significant Market Dominance
Driverless Tractors: The Future of Farming on Large Farmlands
Efficiency and Productivity Benefits of Autonomous Tractors
Translate into Better Crop Yields, Driving Market
Autonomous Vineyard Tractors to Provide Assistance to Growers
Increasing Need to Minimize Greenhouse Gas Emissions Fuel
Demand for Sustainable Autonomous Tractors
Advances in Autonomous Tractor Technologies to Fuel Market
Prospects
Agricultural Drones & Robots Emerge to Revolutionize Farming in
the 21st Century
Expanding Applications of Commercial Drones Supported by
Progressive Improvements in Functionality to Help Autonomous
Farm Equipment Cross the Chasm Between Early Adoption to Mass
Adoption: Global Commercial Drone Market (In US$ Billion)
for the Years 2019, 2022 and 2024
Myriad Benefits Drive the Popularity of Automated Harvesters
Grain Loss During Harvesting Caused by Current Generation
Machines Drives Demand for Smart Autonomous Harvesting
Machines: Corn Head Kernel Loss While Harvesting With a
Combine Harvester
Technological Advancements in Autonomous Technologies to Boost
Market Prospects
Tractor Autopilot for Enhancing Farmer Productivity & Efficiency
Key Challenges Facing Autonomous Farm Equipment Market

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 2: World 7-Year Perspective for Autonomous Farm Equipment
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2021 & 2027

Table 3: World Recent Past, Current & Future Analysis for
Partially Autonomous by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 4: World 7-Year Perspective for Partially Autonomous by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

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Table 5: World Recent Past, Current & Future Analysis for Fully
Autonomous by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR

Table 6: World 7-Year Perspective for Fully Autonomous by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 7: World Recent Past, Current & Future Analysis for
Tractors by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR

Table 8: World 7-Year Perspective for Tractors by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027

Table 9: World Recent Past, Current & Future Analysis for
Harvesters by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR

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Table 10: World 7-Year Perspective for Harvesters by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027

Table 11: World Recent Past, Current & Future Analysis for
Other Product Types by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 12: World 7-Year Perspective for Other Product Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in the United States for 2022
(E)
Autonomous Farm Equipment Market in the US: An Overview
Driverless Tractors Poised for Growth in the Long Run
Table 13: USA Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

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Table 14: USA 7-Year Perspective for Autonomous Farm Equipment
by Type – Percentage Breakdown of Value Sales for Partially
Autonomous and Fully Autonomous for the Years 2021 & 2027

Table 15: USA Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 16: USA 7-Year Perspective for Autonomous Farm Equipment
by Product Type – Percentage Breakdown of Value Sales for
Tractors, Harvesters and Other Product Types for the Years 2021 &
2027

CANADA
Table 17: Canada Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 18: Canada 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

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Table 19: Canada Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 20: Canada 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

JAPAN
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Japan for 2022 (E)
Market Overview
Table 21: Japan Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 22: Japan 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 23: Japan Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

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Table 24: Japan 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

CHINA
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in China for 2022 (E)
Table 25: China Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 26: China 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 27: China Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 28: China 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

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EUROPE
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Europe for 2022 (E)
Autonomous Tractors Market in Europe: Long-term Prospects
Remain Positive
Table 29: Europe Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Geographic Region – France,
Germany, Italy, UK and Rest of Europe Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR

Table 30: Europe 7-Year Perspective for Autonomous Farm
Equipment by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK and Rest of Europe Markets
for Years 2021 & 2027

Table 31: Europe Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 32: Europe 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 33: Europe Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

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Table 34: Europe 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

FRANCE
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in France for 2022 (E)
Table 35: France Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 36: France 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 37: France Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 38: France 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

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GERMANY
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Germany for 2022 (E)
Table 39: Germany Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 40: Germany 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 41: Germany Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 42: Germany 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

ITALY
Table 43: Italy Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

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Table 44: Italy 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 45: Italy Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 46: Italy 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

UNITED KINGDOM
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in the United Kingdom for 2022
(E)
Table 47: UK Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Type – Partially Autonomous and
Fully Autonomous – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 48: UK 7-Year Perspective for Autonomous Farm Equipment
by Type – Percentage Breakdown of Value Sales for Partially
Autonomous and Fully Autonomous for the Years 2021 & 2027

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Table 49: UK Recent Past, Current & Future Analysis for
Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 50: UK 7-Year Perspective for Autonomous Farm Equipment
by Product Type – Percentage Breakdown of Value Sales for
Tractors, Harvesters and Other Product Types for the Years 2021 &
2027

REST OF EUROPE
Table 51: Rest of Europe Recent Past, Current & Future Analysis
for Autonomous Farm Equipment by Type – Partially Autonomous
and Fully Autonomous – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 52: Rest of Europe 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 53: Rest of Europe Recent Past, Current & Future Analysis
for Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

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Table 54: Rest of Europe 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

ASIA-PACIFIC
Autonomous Farm Equipment Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Asia-Pacific for 2022 (E)
India Jumps on the Autonomous Tractors Bandwagon
Government Initiatives to Benefit Market
Table 55: Asia-Pacific Recent Past, Current & Future Analysis
for Autonomous Farm Equipment by Type – Partially Autonomous
and Fully Autonomous – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 56: Asia-Pacific 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 57: Asia-Pacific Recent Past, Current & Future Analysis
for Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 58: Asia-Pacific 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

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REST OF WORLD
Table 59: Rest of World Recent Past, Current & Future Analysis
for Autonomous Farm Equipment by Type – Partially Autonomous
and Fully Autonomous – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 60: Rest of World 7-Year Perspective for Autonomous Farm
Equipment by Type – Percentage Breakdown of Value Sales for
Partially Autonomous and Fully Autonomous for the Years 2021 &
2027

Table 61: Rest of World Recent Past, Current & Future Analysis
for Autonomous Farm Equipment by Product Type – Tractors,
Harvesters and Other Product Types – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 62: Rest of World 7-Year Perspective for Autonomous Farm
Equipment by Product Type – Percentage Breakdown of Value Sales
for Tractors, Harvesters and Other Product Types for the Years
2021 & 2027

IV. COMPETITION
Total Companies Profiled: 66
Read the full report: https://www.reportlinker.com/p05818534/?utm_source=GNW

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Artificial Intelligence

CapitaLand Investment launches research paper on ‘Asia Pacific Data Centre Investment Strategies in the Age of Digitalisation’

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capitaland-investment-launches-research-paper-on-‘asia-pacific-data-centre-investment-strategies-in-the-age-of-digitalisation’

 Strong secular tailwinds drive investors’ interest in the region’s sector
SINGAPORE, July 5, 2024 /PRNewswire/ — CapitaLand Investment (CLI) has launched its latest research paper on investment strategies for Asia Pacific’s (APAC) data centre (DC) industry as part of its ‘Perspectives’ research series.  Leveraging insights from CLI’s expertise on the ground, the research paper highlights the demand drivers behind the rapid growth of DCs in the region and strategic investment considerations for investors. The paper also includes a case study on navigating India’s DC sector.

Ms Michelle Lee, CLI’s Managing Director, Private Funds (Data Centre), said: “Digitalisation is a global mega trend driving the growth of data centres. With the DC sector’s strong secular tailwinds, 97% of institutional investors plan to increase their capital allocation into the sector1, particularly in Asia Pacific. As DCs are more resilient, allocation to this asset class can be an integral part of investors’ portfolio diversification strategy.”
“CLI has accelerated our growth in the DC sector, adding 22 DCs since 2021. Today, we have 27 DCs with about US$4.5 billion assets under management and more than 800 megawatts (MW) in gross power across eight countries globally2.  CLI has vertically integrated DC capabilities spanning across design, development, sales, and operations. With DC domain capabilities, combined with our deep market knowledge, deal-sourcing and investment network in Asia, we are well-positioned to partner with investors to tap into the wealth of opportunities in the sector,” added Ms Lee.
APAC as a strong growth market
While cloud computing has been the primary driver for DC demand, the rise of artificial intelligence (AI) is now fuelling a more explosive growth. The revolution in the scale at which data is being used and managed is fundamentally a global phenomenon, but nowhere is it unfolding as rapidly as in APAC markets. On population per MW basis, APAC markets are underserved compared to regions such as EMEA and North America3.
APAC economies are not only growing faster, the region’s enormous population and swelling internet user base also cement its status as a highly attractive destination for DC investment. Its internet user base has grown seven-fold since 2005, compared to the growth of 1.9 times in the Americas and 1.8 times in Europe over the same period4. Going forward, APAC markets should continue to lead, as internet adoption further increases given the lower penetration rates in the region.
DC transactions in APAC rose about 2.4 times to approximately US$22 billion from 2019 to 2023, compared to the preceding five years, even as markets generally stagnated during the COVID-19 pandemic5.
While hyperscalers continue to drive DC demand, APAC colocation market is also expected to double in size to US$52 billion by 20266, becoming the world’s largest colocation DC market.
Key DC markets in APAC
Tokyo, Osaka, Seoul, Singapore and Sydney are key developed DC markets in APAC7. These markets have achieved scale and are important DC hubs in the region.
Beijing and Shanghai also show promise due to China’s large population, growing digital services sectors, strong government support, and robust long-term economic prospects. 
Increasing demand for DCs in India
Highlighting India as a hotspot for DC investment, Mr Sanjeev Dasgupta, CLI’s CEO for India, said: “India’s DC industry has seen increasing interest from institutional investors and has a long runway for further growth. India has the world’s second highest number of mobile subscribers and one of the fastest growing data consumption per user rates. The government’s digitalisation drive, data localisation regulation as well as the growth of cloud and AI will generate more demand for DC capacity. With CLI’s 30 years of experience in India, we have the capabilities and a deep understanding of the local market. We have a dedicated team of DC experts in India and are currently developing four DCs across the key markets of Mumbai, Bengaluru, Chennai and Hyderabad with a total gross power of 244 MW.”
The seven major cities in India – Mumbai, Bengaluru, Chennai, Hyderabad, Delhi NCR, Pune, and Kolkata – are the focal points for new DC development, offering strategic locations with proximity to key business centres. Mumbai stands out as the preeminent hub, hosting more than half of the country’s DC capacity8 with the other major cities mentioned developing strongly.
Opportunities and strategic considerations
Different DC models offer a spectrum of options for investors, catering to different preferences and risk appetites. However, the lack of stabilised DCs available for sale in APAC means the most promising opportunities for investors lie in developing new DCs – a strategy that can both satisfy new demand and yield higher returns.
Power availability has taken centre stage as a crucial determinant for DC locations. There is also a growing emphasis on sustainability. Increasingly, DC users and savvy operators are seeking to reduce their carbon footprints by being more energy-efficient and tapping renewable energy sources.
Investors should also be mindful of the geopolitical, regulatory and technological risks associated with DC investments. It is therefore crucial for investors to collaborate with DC partners who have a strong network, local expertise, and specialist domain knowledge.
To read the full research paper on DC investment strategies in APAC, visit: https://www.capitaland.com/global/en/about-capitaland/newsroom/Perspectives/2024/Apac_Data_Centre_Investment_Strategies_Age_of_Digitisation.html
Launched in 2022, Perspectives is CLI’s series of thematic and topical research reports aimed at providing proprietary insights on real asset investment trends and strategies, private equity developments, macroeconomy and markets. For more, visit:https://www.capitaland.com/en/investment/news-and-events/perspectives.html
[1] 2024 Global Data Centre Investor Sentiment Survey, CBRE.
[2] Includes data centres in operation and under development.
[3] The World Bank, United Nations, CBRE, CLI PERA Research, June 2024.
[4] ITU World Communication, CLI PERA Research, June 2024.
[5] MSCI, Real Capital Analytics, CLI PERA Research, June 2024.
[6] CBRE, CLI PERA Research, June 2024.
[7] CBRE, Cushman & Wakefield, DC Byte, CLI PERA Research, June 2024.
[8] Avendus, “DCs: Powering Digital India”, May 2023, DC Byte, CLI PERA Research, June 2024.
 
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Securden Recognized as a Market Leader in GigaOm Radar Report for Enterprise Password Management

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Securden has become a leader and an outperformer with cutting-edge features, rapid market advancements, and consistent customer value.
WILMINGTON, Del., July 4, 2024 /PRNewswire/ — Securden, Inc., a leading provider of privileged access and identity security solutions, today announced that it has been recognized as a leader and outperformer in GigaOm Radar Report for Enterprise Password Management.

GigaOm rigorously evaluates vendors in various solution segments and produces Radar reports with valuable insights to assist enterprise decision-makers in evaluating and investing in solutions.
The GigaOm Radar 2024 on Enterprise Password Management examined 13 enterprise password management solutions. “Securden is positioned in the innovation quadrant. It offers a strong solution, and its approach is to take its customers on a journey to broader PAM, with password management simply one focus area. It scored well across all of the decision criteria we evaluated, placing it as a leader, and its execution of the emerging features and rate of progress in the market classify it as an Outperformer,” states the report.
Securden has earned top ratings in key evaluation criteria, including platform security, security auditing, PAM capabilities, ease of management, ease of use, and scalability.
“We are proud to be recognized as a market leader in Enterprise Password Management by GigaOm Radar,” said Bala Venkatramani, CEO of Securden, Inc. “Protecting various identities used by humans and machines is a top priority for IT teams. Our platform offers a comprehensive privileged identity security solution, witnessing rapid adoption by SMBs and Enterprises globally. With innovation at the core, we are committed to offering simplicity and affordability in cybersecurity. This recognition affirms our strong market presence and our focus on providing powerful capabilities to strengthen our customers’ security posture.”
Securden offers robust protection for the vault with controls like access hardening, resilient deployment, and strong data protection approaches. It offers insights into password usage, identifies poor practices, flags failure to follow password standards, issues breach warnings identifying compromised passwords, and more. These measures significantly help reduce password-related risks.
Streak of Recognition
EMA Research, a top industry analyst firm, recently published an impact brief recognizing the Securden Unified PAM MSP platform as a groundbreaking development in privileged access management for MSPs. “By eliminating the need for disparate PAM solutions and providing comprehensive functionality within a single package, Securden empowers MSPs to deliver robust, scalable, and secure PAM services to their clients with unparalleled efficiency and confidence,” states the impact brief.
About Securden
Securden provides leading privileged access governance and identity security solutions that uniquely combine critical security principles to prevent cyberattacks, malware propagation and insider exploitation. With products designed for security and scalability (Password Vault for Enterprises, Unified PAM, Endpoint Privilege Manager, and Unified PAM MSP), Securden is trusted by organizations worldwide, including large financial institutions, government agencies, healthcare organizations, educational institutions, IT service providers, MSPs, and manufacturing companies. For more information, visit https://www.securden.com.
Media ContactJames [email protected]
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Managed Security Services Market Forecast to Exceed USD 101.86 Billion by 2031 Due to Escalating Security Concerns | SkyQuest Technology

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WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Managed Security Services Market size was valued at USD 26.89 billion in 2022 and is poised to grow from USD 31.18 billion in 2023 to USD 101.86 billion by 2031, growing at a CAGR of 15.95% during the forecast period (2024-2031).

The global managed security services market has been growing rapidly, over the last couple of years, due to the increasing security threats or risks and increasing challenges in managing security over IT networks. It’s impossible to ignore the fact that small businesses face relentless cyberattacks, including malware, ransomware, advanced threats, advanced persistent threats, and data breaches, leading to remote and hybrid operations systems.
Download a detailed overview:
https://www.skyquestt.com/sample-request/managed-security-services-market
Managed Security Services Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 31.18 billion
Estimated Value by 2031
USD 101.86 billion
Growth Rate
Poised to grow at a CAGR of 15.95%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Service Type, Type, Organization Size, Security, Type and Industry Vertical
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Surge in Demand for Managed Detection and Response (MDR) Service
Key Market Drivers
Cyber Threats are Growing Complex 
Segments covered in Managed Security Services Market are as follows:
Service TypeManaged IAM, managed vulnerability management, managed risk and compliance, managed detection and response, managed firewall, and managed SIEM and log management, othersTypeFully managed, co-managedOrganization SizeSmall and medium-sized enterprises, Large enterprisesSecurity TypeNetwork security, cloud security, endpoint security, application security, othersIndustry VerticalBFSI, government, healthcare & life sciences, telecommunications, IT and ITeS, Retail and eCommerce, energy and utilities, manufacturing, and other verticalsRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/managed-security-services-market
Rapid Responders: Incident Response Services
Managed detection and response are the large segment in the managed security services market. Managed detection-response services provide continuous improvement, threat detection, and response capabilities critical to today’s enterprises facing sophisticated cyber threats. This segment is characterized by the increasing prevalence and importance of cyberattacks advanced threat detection and response strategies beyond traditional security measures. The ability of the MDR service to provide comprehensive analysis of security incidents and take corrective action quickly is essential to minimize potential damage and ensure business continuity.
Managed identity and access management is the fastest growing segment in the market. The rising growth in this sector is driven by the need for robust stakeholder solutions in an era of digital transformation and remote collaboration. The rise of cyber threats and increasing regulatory requirements for data security and privacy and the main drivers of this segment.
Data Guardians: Data Protection Services
The global market recognizes the dominant position of the entire service management segment. This dominance is largely due to the scope of this role, in which companies assume full responsibility for an organization’s security programs from security providers, especially those without in-house security expertise or resources. These roles cover a wide range of security measures, including threat identification, incident response, compliance management and continuous monitoring. Adoption rates are also driven by the increasing complexity of cyber threats, which require a strong, 24/7 monitored security measure that only specialized providers can provide further strengthening its position as the largest market share.
In addition to the dominance of fully managed services, the advanced management segment is growing the fastest in the global market. This increase is driven by hybrid security models that offer a collaborative approach between internal IT teams and external security providers.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/managed-security-services-market
Safeguarding Tomorrow’s Digital Frontiers
As businesses and organizations take on the cyber panorama in terms of severe, MSS vendors remain vigilant guards, the use of advanced era and professional insights. Managed Security Services (MSS) have emerged as the cornerstone of present-day cybersecurity strategies, presenting strong protection in opposition to threats in a more and more digital international.
Related Report:
Cyber Security Market
Network Security Market
Endpoint Security Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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