Connected Agriculture Market to Reach USD 7.22 billion by 2026 Driven by Advancements in Related Equipment

The Global Connected Agriculture Market size is projected to reach USD 7.22 billion by the end of 2026. The demand for smart water management will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Connected Agriculture Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Application (Pre-Production Management, In-Production Management, Post-Production Management) and Regional Forecast, 2019-2026,” the market was worth USD 1.84 billion in 2018 and will exhibit a CAGR of 19.1% during the forecast period, 2019-2026.

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List of Companies Profiled:
• IBM Corporation
• Microsoft
• Cisco Systems Inc.
• Iteris Inc.
• Trimble Inc.
• Ag Leader Technology
• Decisive Farming
• GAMAYA
• SWIIM System, Ltd.
• Orange Business Services
• LINK LABS.

The increasing demand for inventory and labor management in agricultural activities will create a wide adoption of connected agriculture across the world. Recent technological advancements in these systems have yielded products of high calibre. A few of the latest connected agriculture systems cater to the environmental-preservation needs. The increasing awareness regarding water consumption and shortages and contributions from government as well as private organizations will have a direct impact on the market in the coming years. Use of automated concepts such as artificial intelligence and machine learning have allowed improved efficacies. The rising demand for maximum product efficacies with minimum energy consumption will emerge in favor of the companies operating in this market.

Covid-19 Impact-
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Regional Analysis:
High Investment in Product R&D to Aid Growth of the Market in North America
The market in North America is projected to account for a comparatively higher share over other regions. The emphasis on development of advanced farming technologies by major companies has been key to the growth of the market in this region. Moreover, the growing investment in the development of these products, and encouragement by government as well as private organization will aid the growth of the market in this region. “Driven by increasing use of AI and predictive analysis, connected agriculture is gaining rapid popularity across the United States,” said a lead analyst at Fortune Business Insights. As of 2018, the regional market was valued upward of USD 626.7 million.

Noteworthy Industry Developments:
• December 2018: Tech-giant IBM announced a collaboration with agro-based ‘HelloTractor’. Through this collaboration, IBM plans to introduce an advanced agricultural analytics as well as decision-making platform.
• October 2018: Microsoft announced that it plans to implement a new set of scalable aerial measurements and data solutions concept, aimed at agriculture. The company plans to collaborate with Slant Range Inc. and will look to maximize its utilities for the same.
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Detailed Table of Content-
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

TOC Continued..............!

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