Rising need to increase agricultural productivity while minimizing environmental degradation and rising global food demand are key factors driving market revenue growth
The global connected agriculture market size is expected to reach USD 12.57 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing need to ensure food security and increase agricultural processes efficiency and productivity to meet rising global food demand. Increasing implementation of advanced technologies to manage, enhance, and control farming activities is expected to drive growth of the global connected agriculture market during the forecast period. Increasing adoption of IoT sensors to aid in crop monitoring and cultivation in order to enhance farm operations and optimize agricultural processes are other major factors driving market growth.
The latest market intelligence report, titled ‘Global Connected Agriculture Market’, is intended to provide the target audience with the necessary information about the global Connected Agriculture industry.
Increasing adoption of smart water practices is another key factor boosting deployment of connected agriculture systems. Rising water scarcity in various countries across the globe is supporting need to adopt smarter water practices to minimize water usage and wastage for agricultural activities. Moreover, increasing need to enhance irrigation process efficiency and reduce water loses is contributing to rising utilization of smart water practices. Increasing awareness across the agriculture sector regarding conservation of existing water resources by deploying IoT-based smart irrigation systems is expected to drive demand for smart irrigation during the forecast period.
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Key players in the Connected Agriculture market include IBM, Microsoft, AT&T, Deere & Company, SAP SE, Accenture, Cisco Systems, Inc., Oracle Corporation, Iteris, Inc., and Trimble Navigation.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Connected Agriculture market players.
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The research study presents an industry-wide summary of the Connected Agriculture market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Connected Agriculture7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Connected Agriculture market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global connected agriculture market on the basis of component, application, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Pre-Production Planning and Management
- In-Production Planning and Management
- Post-Production Planning and Management
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The Connected Agriculture industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Connected Agriculture market? What is the anticipated market valuation of the Connected Agriculture industry by 2027?
- What are the key growth driving and restraining factors of the Connected Agriculture market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Connected Agriculture industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Connected Agriculture market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Connected Agriculture Market Segmentation & Impact Analysis
4.1. Connected Agriculture Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Rising need to increase agricultural productivity
126.96.36.199. Minimization of chemicals and water for crop production
188.8.131.52. Increasing need for sustainable farm practices
184.108.40.206. Initiatives of government regarding modernization of agricultural sector
4.2.3. Market restraints analysis
220.127.116.11. Lack of awareness regarding benefits of connected agriculture
18.104.22.168. High initial capital investment
22.214.171.124. Lack of industrial standards for data management application
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Connected Agriculture Market By Component Insights & Trends, Revenue (USD Billion)
5.1. Component Dynamics & Market Share, 2021 & 2028
Chapter 6. Connected Agriculture Market By Application Insights & Trends, Revenue (USD Billion)
6.1. Application Dynamics & Market Share, 2021 & 2028
6.1.1. Pre-Production Planning and Management
6.1.2. In-Production Planning and Management
6.1.3. Post-Production Planning and Management
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Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Facebook | LinkdIn | Twitter | Blogs