Global Connected Agriculture Market, By Component (Solution, Platforms and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management and Post-Production Planning and Management), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the connected agriculture market will exhibit a CAGR of 18.43% for the forecast period of 2021-2028. Rise in the farm yield coupled with reduced dependency on labour, surge in global population compelling shift towards smart agriculture practices and increasing availability of weather forecast and predictability tools and services are the major factors attributable to the growth of connected agriculture market. This signifies that the connected agriculture market value will rise up to USD 9.91 billion by the year 2028.
Connected agriculture is a technological solution that provides advanced solutions to various agricultural problems. This is done with the incorporation of sensors, satellite imagery, GPS and big data analytics. Connected agriculture helps to improve the farmer’s output/production and also increase their share of contribution to the overall agricultural sector.
Rising demand for advanced farming solutions to improve the agricultural productivity is an important factor fostering the growth of market. Rising initiatives by the government to improve the overall scenario of agricultural sector is another important factor fostering the growth of the market. Upsurge in the demand for field management, inventory management and labour management solutions have further generated lucrative growth opportunities for the underground utility mapping market.
However, the high investment associated with installation of this technology will pose a major challenge to the market growth. Lack of awareness about the connected agriculture concept in the under developing and developing economies will further derail the market growth rate.
This connected agriculture 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, geographical expansions, technological innovations in the market. To gain more info on connected agriculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Connected Agriculture Market Scope and Market Size
The connected agriculture market is segmented on the basis of component and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the connected agriculture market is segmented into solution, platforms and services. Solution segment is sub-segmented into network management, agriculture asset management, supervisory control and data acquisition, logistics and supply chain management and smart water management. Network Management segment is further bifurcated into remote monitoring, network bandwidth management, analytics and network and application security. Platforms segment is sub-segmented into device management, application enablement and connectivity management. Services segment is sub-segmented into consulting, integration and implementation and support and maintenance.
- On the basis of application, the connected agriculture market is segmented into pre-production planning and management, in-production planning and management and post-production planning and management. Pre-production planning and management segment is sub-segmented into field mapping, crop planning and yield monitoring, weather tracking and forecasting, farm labour management and equipment monitoring and maintenance. In-production planning and management segment is sub-segmented into water and irrigation management, breeding and feed management, crop scouting, production monitoring and maintenance, animal tracking and navigation and agro-finance and insurance management. Post-production planning and management segment is sub-segmented into processing, inventory management, transportation and quality assurance and control.
Global Connected Agriculture Market Country Level Analysis
The connected agriculture market is analysed and market size, volume information is provided by country, component and application as referenced above.
The countries covered in the connected agriculture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the connected agriculture market and is set to continue to flourish its dominance during the forecast period as well. This is because of the increased adoption of connected agriculture by the small and marginal farmers. Large scale availability of advanced agricultural and farming equipment is fostering the market growth across countries in this region. However, it is Asia-Pacific that is set to score the highest CAGR for the forecast period owing to the growing investment in connected agriculture and implementation of cloud based solutions
The country section of the connected agriculture 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.
Competitive Landscape and Connected Agriculture Market Share Analysis
The connected agriculture 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 connected agriculture market.
The major players covered in the connected agriculture market report are Cisco Systems, Inc., IBM, Decisive Farming., SAP SE, Trimble Inc., Microsoft, PTC, Vodafone Group, Accenture., AT&T Intellectual Property., LINK LABS., Orange Business Services, SYSPRO, Epicor Software Corporation, Oracle, Iteris, Inc., Deere & Company., Ag Leader Technology, SMAG and Gamaya. 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.
Customization Available : Global Connected Agriculture Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.