The global demand for Connected Agriculture Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Connected agriculture refers to an integration of agriculture with advanced technology to increase the production efficiency and quality of agricultural products. The idea “connected agriculture” involves the application of the Internet of Things and the utilization of various devices connected. The concept is predicted to benefit farmers in many ways: reduction in risk, automated business, livestock monitoring, monitoring climate condition, greenhouse automation, crop monitoring, farm management system, and data collection.
Digitalization and automation is a growing trend across all sector, and agriculture is no exception. Growing need to increase farm yield and reduce labour is driving the growth of the market. At present, the global population is estimated to be 7.8 Billion which is projected to reach 9.7 billion by 2050. Population growth of this magnitude brings a lot of challenges. This has brought a lot of interest to technology. Application of advanced technology will boost the productivity thereby meeting future demands. Currently, most impending technologies are autonomous robots, drones or UAVs, and sensors and the Internet of Things (IoT). These technologies will change the picture of the agriculture industry and the way farming is done. However, high capital investment to establish an infrastructure and lack of awareness among farmers about connected agriculture are some factors restraining the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Connected Agriculture.
The entire Connected Agriculture market has been sub-categorized into type, application, component, and platform. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Pre-Production Planning and Management
- In-Production Planning and Management
- Post-Production Planning and Management
- Device Management
- Application Management
- Connectivity Management
This section covers regional segmentation which accentuates on current and future demand for Connected Agriculture market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Connected Agriculture Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Connected Agriculture market include IBM, Microsoft, AT & T, SAP, and Accenture. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.