Global Connected Agriculture Market Size: Opportunities, Current Trends And Industry Analysis by 2025 | Deere & Company, SAP SE, IBM, Microsoft

A recent report published by QMI on connected agriculture market is a detailed assessment of the most important market dynamics. After carrying out thorough research of connected agriculture market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for connected agriculture during the forecast period. It can enable manufacturers of connected agriculture to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, growing pressure to meet the global food demand is expected to drive the growth of connected agriculture market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Connected agriculture increases the productivity of the farms, even with the climate change effect. It uses a variety of practices such as data acquisition, network management, agriculture asset management, and supervisory control.

Segmentation for better understanding of this market and its growth prospects:

Based on the component, the market is primarily segmented into solutions, platforms, and services. The platforms segment is further segmented into application enablement, connectivity management, and device management. Also, the services segment is further divided into consulting, integration and implementation and support and maintenance. The solutions segment has been growing significantly.

There has been a growing need to increase the farm yield which depends on a variety of factors such as the soil condition, the weather, fertilizer application and the type of seed. This makes it very difficult for farmers to keep track of the main factors which will make productivity. Thus connected agriculture solutions are growing, so as to gain insights for increasing productivity.
By application, the connected agriculture market is segmented into Pre-production Planning & Management, In-production Planning & Management, and Post-production Planning & Management. The in-production planning and management application have been growing in comparison to the others. This type of planning and management includes irrigation, crop scouting, breeding and feed management, monitoring and maintenance of production, animal tracking, and insurance management and navigation. This application encompasses all the tasks performed daily. It helps farmers keep track of the animals ' diet and prepare the farm for crops, since any mismanagement can lead to major loss.Thus, many investments are being made by the farmers in connected agriculture technology.

The APAC region is expectedly to grow significantly for this market. In Maharashtra (India), drones are being used for agriculture purposes. The Philippines too, are utilizing drones, for the planting of seeds, and application of fertilizers and pesticides.

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Factors having a significant impact on the growth of this market are:

o Government initiatives to deploy modern agriculture techniques
o Growing pressure to meet the global food demand
o Rising need for improvement of farm productivity

Insights about regional distribution of market:
This report segments connected agriculture market by region into North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for connected agriculture market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of latest technologies in the agricultural activities and established processed food market is estimated to drive demand for connected agriculture market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

Asia Pacific is estimated to be one of the fastest-growing markets for connected agriculture during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of connected agriculture market. The Middle East and Rest of the World are estimated to be emerging regions for connected agriculture market during the forecast period.

Companies Covered: Deere & Company, SAP SE, IBM, Microsoft, AT&T, Oracle, Accenture, Cisco, Iteris, Trimble, SMAG, Ag Leader Technology, Decisive Farming, Gamaya, and SatSure.

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Market Segmentation:

By Component:
o Solutions
o Platforms
o Application Enablement
o Connectivity Management
o Device Management
o Services
o Consulting
o Integration & Implementation
o Support & Maintenance

By Application:
o Pre-production Planning & Management
o In-production Planning & Management
o Post-production Planning & Management

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Component
o By Application

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Component
o By Application

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Component
o By Application

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Component
o By Application

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Component
o By Application

o Rest of the World
o By Region (South America, Africa)
o By Component
o By Application

Reasons To Buy This Report:

o Market size estimation of the global Connected Agriculture Market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
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Email: sales@quincemarketinsights.com
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This release was published on openPR.