According to the latest report, the vertical farming market size is predicted to reach a revenue of USD 6.5 Billion by the end of 2024 at a CAGR of roughly 20% during the forecast period of 2019 – 2024.

Various factors are fuelling the global Vertical Farming Industry growth. As per the recent MRFR market estimates, such factors include increasing need for securing the organization network against unprecedented and unauthorized crimes, simplified installation of the firewall for distributed networks, increasing need for fortifying the enterprise network against unprecedented and unauthorized strikes, simplified installation and centralized policy management for distributed enterprise networks, elimination of the upfront investment cost, growing adoption of technologies by organizations like BYOD, cloud computing, and mobilization, increase in cybercrimes, increasing use during COVID-19 pandemic, and real-time functionalities and cost-effectiveness.

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Regional Classification

The Vertical Farming market has gained global adoption due to rising demands for precision tools, expansion of industries, and demand for better technologies. The global Vertical Farming market is divided into North America, the Asia Pacific, Europe, and the rest of the world. The European region is currently leading the market due to the well established industrial sector, demands for smart alternates, demands for new technologies, and other factors. The Asia Pacific region is the fastest-growing market due to the fast expansion of major industries, the rapid development of economies, the rise of demand for better technologies, and other factors.

Vertical Farming Market Share Growing Rapidly with Top Manufacturers

Aerofarms (US)

Urban Crop (Belgium)

Illumitex, Inc. (US)

Sky Greens (Singapore)

Koninklijke Philips N.V. (Netherlands)

Everlight Electronics Co., Ltd. (Taiwan)

Green Sense Farms, LLC (US)

Agrilution (Germany)

American Hydroponics (US)

Vertical Farm Systems (Australia)

Vertical Farming Market Segmentation

The global Industry segmented into Vertical Farming Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Vertical Farming. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Vertical Farming. Vertical Farming are used in various industries such as oil and gas, mining, transportation, and power utilities.

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Apart from the uses and features, the global Vertical Farming market faces challenges from vendor dependency, security issues, and other factors, which has restrained the global Vertical Farming market growth. This file offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global serverless architecture marketplace. The worldwide market is anticipated to sign in approximately 25 % annual growth in this era.

By Geography

Asia pacific

Europe

North America

The Middle East and Africa

Latin America

Market Segmentation

Covid 19 Analysis

Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.

Drivers and Restraints

The Vertical Farming market is driven by numerous factors such as increasing construction FDI in the Asia Pacific region, and policy reforms and policies that support them. Governments across all regions are observed, their construction sector supported, and created. The emerging economies are the ones that put in various reforms and regulations in particular to fuel their infrastructure growth and the real estate market. Such expansion is slated to increase scaffolding's market growth. The Vertical Farming market has constraints such as fluctuating prices of raw materials and slower economic growth, which hinder market development.

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Table of contents:

1 EXECUTIVE SUMMARY

1.1 GLOBAL Vertical Farming MARKET, BY COMPONENT

1.2 GLOBAL Vertical Farming MARKET, BY ORGANIZATION SIZE

1.3 GLOBAL Vertical Farming MARKET, BY DEPLOYMENT

1.4 GLOBAL Vertical Farming MARKET, BY END-USERS

1.5 GLOBAL Vertical Farming MARKET, BY REGION

2 MARKET INTRODUCTIONS

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

Continued…

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