According to the new market research report Smart Agriculture Market by Hardware and Network Platform ( GPS / GNSS Devices , Sensor Monitoring Systems , and Smart Detection Systems / Network Elements ) , Service , Software , Application , and Geography - Global Forecast to 2022 , published by MarketsandMarkets , the smart agriculture market is estimated to reach USD 18.45 Billion by 2022 , at a CAGR of 13.8 % between 2016 and 2022 .