Global Agriculture M2M market, By Type (Platforms Development, Application Development, Hardware, Other), Application Type (Precision Farming, Remote Monitoring And Control, Dairy Herd Management, and Data Management), Country (U.S., Canada, Mexico, Germany, Ireland, Poland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Egypt, Saudi Arabia, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The agriculture M2M market is expected to be growing at a growth rate of 41.3% in the forecast period of 2021 to 2028. The increasing number of networking devices and connections will act as a driving factor for the growth of the agriculture M2M market. This means that the agriculture M2M market value, which was USD 2.5 million in 2020 will climb up to USD 39.72 million by the year 2028.
The word machine to machine (M2M) is utilized to define a technology that allows connected devices to share data or information and achieve various actions without human assistance. An agricultural machine to machine M2M is applied to define irrigation systems, vehicles, and weather stations that are connected to each other utilizing telecom network and core software for the examination and delivery of instructions. Agriculture M2M is a part of the growing internet of things trend, where the devices can be retrieved and controlled over the network.
Upsurge in the demand for the food production, increase in the energy prices and the decrease of the underground water levels are few of the major factors that are further inducing growth of the agriculture M2M market in the forecast period. Furthermore, the loss of farmland because of the fast urbanization and the swift alteration of the agricultural sector concerning the smart farming is further estimated to propel the growth of the agriculture M2M market in the timeline period. Moreover, increase in the awareness amongst farmers to make informed decisions to enhance the yields and rise in the effectiveness and transparency within the agricultural value chain is further projected to supplement the growth of the agriculture M2M market in throughout the forecast period.
On the other hand, increase in the prices of setting up and maintenance services are further anticipated to derail the growth of the agriculture M2M market in the coming years. In addition, mobile operators discovering various prospects to increase their facilities apart from connectivity, focus on the large part of the market, and upsurge the sustainability of their businesses which will further generate lucrative and remunerative growth opportunities for the agriculture M2M market. However, the inadequate network coverage, and the limited understanding of business cases might further challenge the growth of the agriculture M2M market.
This agriculture M2M market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agriculture M2M market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Agriculture M2M Market Scope and Market Size
The agriculture M2M market is segmented on the basis of type and application type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the agriculture M2M market is segmented into platforms development, application development, hardware, other.
- On the basis of application type, the agriculture M2M market is segmented into precision farming, remote monitoring and control, dairy herd management, and data management.
Agriculture M2M Market Country Level Analysis
The agriculture M2M market is analysed and market size, volume information is provided by country, type and application type as referenced above.
The countries covered in the agriculture M2M market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The Americas dominates the agriculture M2M market due to the increasing acceptance of equipment control and monitoring solutions. Furthermore, the upsurge in the population and uncultivated land will further boost the growth of the agriculture M2M market in the region during the forecast period. EMEA is projected to observe significant amount of growth in the agriculture M2M market due to the rise in the need for M2M solutions for applications such as weather forecasting and monitoring and tracking of crops. Moreover, the guidelines passed by the governments to implement the smart monitoring of electricity and water meters is further anticipated to further propel the growth of the agriculture M2M market in the region in the coming years.
The country section of the agriculture M2M market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Agriculture M2M Market Share Analysis
The agriculture M2M market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agriculture M2M market.
The major players covered in the agriculture M2M market report are Aeris, Argus Control Systems Limited., Davis Instruments Corporation., Elecsys, Eltopia Communications, Kontron, Mahindra & Mahindra Ltd., McCrometer, Inc., Orange Business Services, SemiosBio Technologies Inc., Telit, Trimble, Inc., Turkcell Iletisim Hizmetleri A.S., Tyro Remotes, Valmont Industries, Inc., Verizon, Vodafone Group, Tigercat International Inc., KUBOTA Corporation., Deere & Company., AGCO Corporation., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.