Press release
Global Connected Agriculture Market: Booming Growth, Market Size, and Key Trends for 2024-2025
Connected Agriculture Market
What Is The Projected Market Size Of The Global Connected Agriculture Market And Its Growth Rate?
• The market is expected to grow from $3.55 billion in 2024 to $4.11 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. This growth can be attributed to the increasing global population, demand for sustainable agriculture practices, government initiatives, subsidies, climate change, and weather variability.
• The market is also projected to reach $7.64 billion in 2029 at a CAGR of 16.8% due to increased focus on soil health monitoring, digital divide bridging efforts, yield optimization strategies, environmental conservation initiatives, and smart irrigation systems.
What Is Driving The Growth In The Connected Agriculture Market?
The increasing demand for crops is expected to propel the growth of the connected agriculture market going forward. Connected agriculture helps boost crop yields from existing land by tracking, evaluating, controlling, and enhancing crucial agricultural processes at all points in the farming cycle. Therefore, the escalating demand for crops will drive the growth of the connected agriculture market.
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Who Are the Key Players Driving Connected Agriculture Market Growth?
• Cisco Systems Inc.
• IBM Corporation
• SAP SE
• Trimble Navigation Ltd.
• Vodafone PLC
• Microsoft Corporation
• American Telephone and Telegraph Inc.
• Deere & Company
• Iteris Inc.
• Ag Leader Technology,
• Decisive Farming Corp.
What Are The Key Trends In The Connected Agriculture Market?
• Adoption of IoT technologies
• Precision farming practices
• Use of drones and UAVs
• Smart irrigation systems
• Farm management software
• Emergence of agri-tech startups
• Telematics in equipment monitoring.
What Are The Segments Of The Global Connected Agriculture Market?
• By Component: Solution, Platforms, Services
• By Platform: Device Management, Application Enablement, Connectivity Management
• By Application: Farm Planning And Management, Smart Logistics, Agriculture Finance, Smart Irrigation
Which Region Leads The Connected Agriculture Market?
North America was the largest region in the connected agriculture market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
https://www.thebusinessresearchcompany.com/report/connected-agriculture-global-market-report
What Is Covered In The Connected Agriculture Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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