The global agriculture sector has been encountering challenges in terms of a lack of adequate food for the growing malnourished population, the continued radical decrease in the areas of global arable land, and a dearth of technology that supports increased productivity and reduced labor dependency. The global smart agriculture technology market generated a revenue of $4.50 billion in 2015 and will reach $9.00 billion in 2020, growing at a compound annual growth rate of 14.8%. This study provides a detailed insight into the market by discussing drivers and restraints, competitive landscape, and key market, company, and technology trends.