North America led the agritech market with 38.59% revenue share in 2019, followed by APAC and Europe. Increasing organic and inorganic strategic developments – such as product launches, and mergers and acquisitions – among the market players support the Agritech market growth in North America.
The North America agritech market has been analyzed on the basis of trends prevailing in the US, Canada, and Mexico. Continuous contribution of tech-giants to technological advancements has created a stir in the competitive market across the region. Population in this region is more inclined toward technological developments due to high spending power. The companies in this region are continuously enhancing their overall business processes to efficiently meet the customer demand for high-quality products and services.
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Global Agritech Markets, 2019-2020 & 2021-2027: Investments in Sophisticated Agriculture Technologies & Opportunities in the Increasing Scope of Big Data