Smart Farms Market Outlook:
Smart Farms Market size was over USD 20.25 billion in 2025 and is anticipated to cross USD 61.78 billion by 2035, growing at more than 11.8% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of smart farms is assessed at USD 22.4 billion.
The demand for smart farms is attributed to the rising use of technologies in agriculture. For instance, in August 2023, Cornell University published a report stating that 32% of farms used the Internet to purchase agriculture inputs. Farmers include artificial intelligence, the Internet of Things, and automation for various purposes. The practice has emerged as a need of the hour for the global agriculture sector.
Also, farmers are taking initiatives to adopt sustainable agricultural practices to mitigate the consequences of resource-intensive farming. According to the National Institutes of Health in 2023, freshwater plays a pivotal role in daily life and agriculture is responsible for nearly 70% of withdrawal volume. Techniques such as smart irrigation systems reduce water use by ensuring the best application where it is needed. For example, soil moisture sensors can transmit signals to irrigation systems to work efficaciously only when the soil is dry.
