Press release
Connected Agriculture Market is projected to reach a value of USD 11.42 billion by 2029, growing at a CAGR of 17.8% during the forecast period.
Connected Agriculture Market
The report predicts that network management solutions will hold the largest market share during the forecast period due to the need for data collection from sensors to mitigate losses caused by uncertain weather conditions. Furthermore, smart water management systems are expected to grow at the highest CAGR, as they actively monitor and optimize water provision based on soil moisture and heat conditions.
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The report includes a comprehensive competitive landscape analysis of the Global Connected Agriculture Market, profiling major players and their expansion plans, R&D expenditure, and growth strategies. The study also covers strategic alliances, supply chain agreements, and merger and acquisition activities from 2016 to 2021.
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What are Connected Agriculture Market Dynamics?
a. Increasing Public-Private Partnerships (PPP): The collaboration between public and private entities in the agricultural sector drives the implementation of connected agriculture solutions, leading to improved productivity, efficiency, and sustainability.
b. Rising Global Food Demand: The growing global population and increasing food demand necessitate the adoption of connected agriculture technologies to enhance agricultural productivity and ensure food security.
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a. High Cost and Limited Availability of Arable Land: The cost and limited availability of arable land pose challenges to the deployment and implementation of connected agriculture solutions, especially in densely populated areas.
b. Technological Barriers: Limited technology infrastructure, lack of digital literacy, and inadequate access to reliable internet connectivity in rural areas can impede the adoption of connected agriculture technologies.
What is Connected Agriculture Market Regional Insight?
With a focus on North America, the report reveals that the region is the largest market for connected agriculture due to rapid technology adoption by farmers and extensive farming activities. In contrast, the Asia Pacific region is expected to witness the highest CAGR, driven by the region's emphasis on implementing and adopting connected agriculture practices.
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What is Connected Agriculture Market Segmentation?
by Solution
• Network Management
• Agriculture Asset Management
• SCADA Systems for Agriculture
• Logistics and Supply Chain Management
• Smart Water Management System
• Others
by Service
• Professional Services
• Managed Services
by Platform
• Device Management
• Application Enablement
• Connectivity Management
by Application
• Farm Planning and Management
• Agricultural Finance
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Who are Connected Agriculture Market Key Players?
• Cisco Systems, Inc.
• IBM Corporation
• PTC, Inc.
• SAP SE
• Trimble Navigation Ltd.
• Vodafone PLC
• Microsoft Corporation
• AT&T, Inc.
• Link Labs LLC
• AG Leader Technology
• Orange Business Services
• Epicor Software Corporation
• SAGE
• Syspro Technologies
• Raven Industries, Inc.
• AGCO Corporation
• Decisive Farming
• Deere & Company
• Oracle
• Iteris, Inc.
• SMAG
• GAMAYA
Table of content for the Connected Agriculture Market includes:
1. Global Connected Agriculture Market: Research Methodology
2. Global Connected Agriculture Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Connected Agriculture Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Connected Agriculture Market Segmentation
• Global Market, by Solution(2021-2029)
• Global Market, by Service(2021-2029)
• Global Market, by Platform(2021-2029)
• Global Market, by Application (2021-2029)
5. Regional Connected Agriculture Market(2021-2029)
• Regional Market, by Solution(2021-2029)
• Regional Market, by Service(2021-2029)
• Regional Market, by Platform(2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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