Growth Factors of Connected Agriculture Market
The Connected Agriculture Market size was valued at USD 1.84 billion in 2023, and the market is now projected tgrow t7.22 USD billion by 2032, exhibiting a CAGR of 19.1% during the forecast period of 2023-2030.
The pandemic has been anticipated tbe a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps tstop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related tthis domain. These factors affected the Connected Agriculture Market growth.
In agriculture, water management is crucial tincreasing agricultural yields at lower costs and promoting environmental stability. Water scarcity is a worry for agricultural authorities, whare concentrating on strategies tenhance agricultural water management. Applications for water management in linked agriculture which incorporate the internet of things (IoT), mobile apps, big data analytics, and decision support systems are helping tgenerate sustainable and optimal agricultural products for a population that is expanding. IoT networks and sensors are set up tgather information about climate, pollutants, soil moisture, air humidity, individual plant water consumption, and more in linked agriculture. These particular growth driving factors have been recorded tattribute the Connected Agriculture Market Share.
It is necessary for a product market twalk with the trends in order tincreases its lucracy and profits in shares and all over revenue. During the forecast period, the connected agricultural market is expected trise due ta number of significant factors, including rising need for labor management, inventory management, field management, and yield monitoring. Precision farming, smart irrigation, and greenhouse farming are just a few of the various IoT-based applications that will fuel the expansion of the connected agriculture sector. Aerial imagery, machineries, temperature and moisture sensors, and other technological advancements in agriculture have made it easier for farmers tcarry out agricultural tasks. However, the significant upfront costs associated with implementing linked agriculture solutions are anticipated timpede industry expansion.
Comprehensive Analysis of Connected Agriculture Market
The segmentation of this particular market has been divided and then further subdivided intvarious categories. The market is divided intsolution and services categories based on the component. In the worldwide connected agriculture market, the solution segment is anticipated thave the biggest share. Pre-production management, in-production management, and post-production management are the three application-based segments of the connected agriculture market. The market for connected agriculture worldwide is anticipated tbe dominated by the in-production management segment. These particular segmentations have been categorized intsuch groups sthat their attribution tthe overall revenue systems are properly recorded studied sas tdetermine which is the leading and most beneficial segment of all.
In the worldwide connected agriculture market, Asia Pacific is expected tdevelop at the fastest rate throughout the course of the forecast period. The region that exports the most food and agricultural products, Asia Pacific, is crucial tthe global food chain market. In order tuse their resources more sustainably, nations in the region like China, Japan, and India are adopting linked agriculture technologies. Governments and corporate groups are always trying tincrease agricultural land's efficiency and output by automating processes, implementing cutting-edge technologies, and using fewer pesticides. Because of the growing investments in linked infrastructure, digital farming methods, and cloud-based solutions, the region is anticipated tprovide connected agricultural suppliers profitable growth prospects. The region is expected tmaintain a significant proportion during the projected period.
Global markets are fiercely competitive and highly fragmented. Due ttheir creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes IBM Corporation (U.S.), Microsoft (U.S.), CiscSystems Inc. (U.S.), Iteris, Inc. (U.S.), Trimble Inc. (U.S.), Ag Leader Technology (U.S.), Decisive Farming (Canada), GAMAYA (Switzerland), SWIIM System, Ltd. (U.S.), Orange Business Services (France), LINK LABS. (U.S.), Iteris Inc. (U.S.).
In December 2021, This particular company has attributed the market growth in terms of revenue and shares system. In order thelp farmers obtain pertinent information tboost their production, IBM Corporation partnered with HellTractor tintroduce an advanced agricultural analytics and decision-making tool. This tool will let farmers use remote sensing and Internet of Things data tforecast weather conditions and apply the right fertilizer.
Segmentation Table
ATTRIBUTE DETAILS
Study Period - 2015-2026
Base Year - 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Value (USD billion)
Segmentation By Component
- Solution
- Services
- Consulting
- Integration and Implementation
- Support and Maintenance
- Pre-Production Management
- In-Production Management
- Post-Production Management
- North America (U.S. and Canada)
- Europe (Russia, France, Spain, Germany, Italy, United Kingdom, and Rest of Europe)
- Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Industrial Use Cases
- 5. Key Insights
- 5.1. Macro and Micro Economic Indicators
- 5.2. Consolidated SWOT Analysis of Key Players
- 6. Global Connected Agriculture Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecasts
- 6.2.1. By Component (Value)
- 6.2.1.1. Solutions
- 6.2.1.2. Services
- 6.2.1.2.1. Consulting
- 6.2.1.2.2. Integration and Implementation
- 6.2.1.2.3. Support and Maintenance
- 6.2.2. By Application (Value)
- 6.2.2.1. Pre-Production Management
- 6.2.2.2. In-Production Management
- 6.2.2.3. Post-Production Management
- 6.2.3. By Region (Value)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Middle East and Africa
- 6.2.3.5. Latin America
- 7. North America Connected Agriculture Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecasts
- 7.2.1. By Component (Value)
- 7.2.1.1. Solutions
- 7.2.1.2. Services
- 7.2.1.2.1. Consulting
- 7.2.1.2.2. Integration and Implementation
- 7.2.1.2.3. Support and Maintenance
- 7.2.2. By Application (Value)
- 7.2.2.1. Pre-Production Management
- 7.2.2.2. In-Production Management
- 7.2.2.3. Post-Production Management
- 7.2.3. By Country (Value)
- 7.2.3.1. United States
- 7.2.3.2. Canada
- 8. Europe Connected Agriculture Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecasts
- 8.2.1. By Component (Value)
- 8.2.1.1. Solutions
- 8.2.1.2. Services
- 8.2.1.2.1. Consulting
- 8.2.1.2.2. Integration and Implementation
- 8.2.1.2.3. Support and Maintenance
- 8.2.2. By Application (Value)
- 8.2.2.1. Pre-Production Management
- 8.2.2.2. In-Production Management
- 8.2.2.3. Post-Production Management
- 8.2.3. By Country (Value)
- 8.2.3.1. Russia
- 8.2.3.2. France
- 8.2.3.3. Spain
- 8.2.3.4. Germany
- 8.2.3.5. Italy
- 8.2.3.6. United Kingdom
- 8.2.3.7. Rest of Europe
- 9. Asia Pacific Connected Agriculture Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecasts
- 9.2.1. By Component (Value)
- 9.2.1.1. Solutions
- 9.2.1.2. Services
- 9.2.1.2.1. Consulting
- 9.2.1.2.2. Integration and Implementation
- 9.2.1.2.3. Support and Maintenance
- 9.2.2. By Application (Value)
- 9.2.2.1. Pre-Production Management
- 9.2.2.2. In-Production Management
- 9.2.2.3. Post-Production Management
- 9.2.3. By Country (Value)
- 9.2.3.1. China
- 9.2.3.2. Japan
- 9.2.3.3. India
- 9.2.3.4. South East Asia
- 9.2.3.5. Rest of APAC
- 10. Middle East and Africa Connected Agriculture Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecasts
- 10.2.1. By Component (Value)
- 10.2.1.1. Solutions
- 10.2.1.2. Services
- 10.2.1.2.1. Consulting
- 10.2.1.2.2. Integration and Implementation
- 10.2.1.2.3. Support and Maintenance
- 10.2.2. By Application (Value)
- 10.2.2.1. Pre-Production Management
- 10.2.2.2. In-Production Management
- 10.2.2.3. Post-Production Management
- 10.2.3. By Country (Value)
- 10.2.3.1. GCC
- 10.2.3.2. South Africa
- 10.2.3.3. Rest of Middle East & Africa
- 11. Latin America Connected Agriculture Market Analysis, Insights and Forecast, 2015-2026
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecasts
- 11.2.1. By Component (Value)
- 11.2.1.1. Solutions
- 11.2.1.2. Services
- 11.2.1.2.1. Consulting
- 11.2.1.2.2. Integration and Implementation
- 11.2.1.2.3. Support and Maintenance
- 11.2.2. By Application (Value)
- 11.2.2.1. Pre-Production Management
- 11.2.2.2. In-Production Management
- 11.2.2.3. Post-Production Management
- 11.2.3. By Country (Value)
- 11.2.3.1. Brazil
- 11.2.3.2. Argentina
- 11.2.3.3. Mexico
- 11.2.3.4. Rest of LATAM
- 12. Competition Matrix
- 12.1. Business Strategies Adopted by Leading Players
- 13. Global Connected Agriculture Market Revenue Share Analysis, By Key Players, 2018
- 14. Company Profiles
- 14.1. IBM Corporation
- 14.1.1. Overview
- 14.1.2. Description
- 14.1.3. Product Portfolio
- 14.1.4. Financials (Data as available in public domain and/or on paid databases)
- 14.1.5. Recent Developments
- 14.2. Microsoft Corporation
- 14.2.1. Overview
- 14.2.2. Description
- 14.2.3. Product Portfolio
- 14.2.4. Financials (Data as available in public domain and/or on paid databases)
- 14.2.5. Recent Developments
- 14.3. Cisco Systems Inc.
- 14.3.1. Overview
- 14.3.2. Description
- 14.3.3. Product Portfolio
- 14.3.4. Financials (Data as available in public domain and/or on paid databases)
- 14.3.5. Recent Developments
- 14.4. Trimble Inc.
- 14.4.1. Overview
- 14.4.2. Description
- 14.4.3. Product Portfolio
- 14.4.4. Financials (Data as available in public domain and/or on paid databases)
- 14.4.5. Recent Developments
- 14.5. Ag Leader Technology
- 14.5.1. Overview
- 14.5.2. Description
- 14.5.3. Product Portfolio
- 14.5.4. Financials (Data as available in public domain and/or on paid databases)
- 14.5.5. Recent Developments
- 14.6. Decisive Farming
- 14.6.1. Overview
- 14.6.2. Description
- 14.6.3. Product Portfolio
- 14.6.4. Financials (Data as available in public domain and/or on paid databases)
- 14.6.5. Recent Developments
- 14.7. GAMAYA
- 14.7.1. Overview
- 14.7.2. Description
- 14.7.3. Product Portfolio
- 14.7.4. Financials (Data as available in public domain and/or on paid databases)
- 14.7.5. Recent Developments
- 14.8. SWIIM System, Ltd.
- 14.8.1. Overview
- 14.8.2. Description
- 14.8.3. Product Portfolio
- 14.8.4. Financials (Data as available in public domain and/or on paid databases)
- 14.8.5. Recent Developments
- 14.9. Orange Business Services
- 14.9.1. Overview
- 14.9.2. Description
- 14.9.3. Product Portfolio
- 14.9.4. Financials (Data as available in public domain and/or on paid databases)
- 14.9.5. Recent Developments
- 14.10. LINK LABS.
- 14.10.1. Overview
- 14.10.2. Description
- 14.10.3. Product Portfolio
- 14.10.4. Financials (Data as available in public domain and/or on paid databases)
- 14.10.5. Recent Developments
- 14.11. Iteris Inc.
- 14.11.1. Overview
- 14.11.2. Description
- 14.11.3. Product Portfolio
- 14.11.4. Financials (Data as available in public domain and/or on paid databases)
- 14.11.5. Recent Developments
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