Connected Agriculture Market is Expected to Exceed US$ 3.939 Billion by 2023, growing at a CAGR of 17.05% | Global Key Players – Cisco, IBM, Parametric Technology, SAP SE, Trimble Navigation, Microsoft, Vodafone

Marketprognosis.com Publish a New Market Research Report On “Global Connected Agriculture Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Connected Agriculture Market:

The Global Connected Agriculture Market has been valued at USD 1.54 Billion is expected to grow at a CAGR of 17.05% over the forecast period (2018-2023) to reach a market value of USD 3.939 Billion by 2023.

The market for connected agriculture is increasing at significant momentum across the world, thanks to the emergence of new technologies, rising demand of BYOD devices in connected agriculture. Proliferation in the demand of Smart Water Management Systems and global population compelling shift towards smart agriculture practices are driving the connected agriculture market growth to a large extent. Connected agriculture improves the farmer’s capability to do the financial transactions quickly and provide easier access to agricultural information in rural areas. Due to important changes in the agriculture policies in both developing and developed regions, implementation of advanced agricultural technologies has shown to raise the purchasing power and living standards of the farmers.

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The accelerated rise of large amounts of data generated from the various Smart and IOT devices which include solutions to improve agricultural farming could witness a rapid adoption. This rise in demand is further supported by proliferation in the number of smartphone, leading to the growth of a connected agriculture market. Developing regions are anticipated to have a significant growth of connected agriculture market during the forecast period (2018-2023) owing to the implementation of various agri-mobile based solutions by major telecom operators to raise farmers' income as well as reduce the loss of nutritional value of the production during transit.

However, the growth of globally connected agriculture market is held up by a lack of awareness regarding innovative solutions in remote areas and lack of infrastructure for the connected agriculture market. Big IT firms such as IBM Corporations, Microsoft Corporation, and CISCO Ltd are continually developing new technologies to ease down the burden on farmers to under the up gradation of existing mobile technology.

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The North America region is projected to have the largest growth in demand, during the forecast period (2018-2023), which provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. Owing to this, enterprises are growing rapidly in this North America region and have a heavy demand for connected agriculture market. Therefore, the North American region is to have the highest market share in the connected agriculture market. The major trends responsible for the growth of connected agriculture market in the North American region include the growing number of devices and the dependency on Smart devices that include IoT devices as well, advanced agricultural techniques and robust agricultural infrastructure and facilities are expected to drive the connected agriculture market.

Major Key Players:

1 Cisco Systems, Inc.

2 IBM Corporation

3 Parametric Technology Corporation, Inc.

4 SAP SE

5 Trimble Navigation Ltd.

6 Microsoft Corporation

7 Vodafone Group PLC

8 Accenture PLC and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Connected Agriculture Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Connected Agriculture Market Insights

5 Connected Agriculture Market Dynamics

6 Technology Snapshot

7 Global Connected Agriculture Market

8 Competitive Intelligence - Company Profiles

9 Investment Analysis

10 Future of Global Connected Agriculture Market

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