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Global Precision Aquaculture Market to Reach $1 Billion by 2027
Amid the COVID-19 crisis, the global market for Precision Aquaculture estimated at US$ 441.8 Million in the year 2020, is projected to reach a revised size of US$ 1 Billion by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record a 12.1% CAGR and reach US$ 454.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 13.3% CAGR for the next 7-year period.