Connected Agriculture Market Growth Accelerates: Strategic Forecast Predicts $7.63 Billion by 2029

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What Will the Connected Agriculture Industry Market Size Be by 2025?
The size of the connected agriculture market has seen a significant surge in recent years. It is anticipated to expand from $3.55 billion in 2024 to $4.11 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. The historic growth rate can be linked to factors such as a burgeoning global populace, the rising need for sustainable farming methods, governmental policies and subsidies, fluctuations in climate and weather, the internationalization of agrarian markets, and enhancements in connectivity infrastructure.

What's the Long-Term Growth Forecast for the Connected Agriculture Market Size Through 2029?
The market size of connected agriculture is predicted to experience rapid expansion in the forthcoming years. The projection for its growth is expected to reach $7.64 billion by 2029, with a compound annual growth rate (CAGR) of 16.8%. The progress in the prediction period can be linked to an emphasis on monitoring soil health, attempts to overcome the digital gap, focus on optimizing output, initiatives for environmental protection, and intelligent irrigation setups. Key trends during this forecast period consist of the implementation of IoT technologies, precision farming methods, utilization of drones and UAVs, smart irrigation systems, farm management software, the rise of agri-tech startups, and the use of telematics in equipment supervision.

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What Are the Key Growth Drivers Fueling the Connected Agriculture Market Expansion?
The anticipated rise in crop demand is expected to stimulate the expansion of the linked agriculture sector. In farming, crops are defined as plants or plant products that can be extensively farmed and reaped for financial gain or dietary requirements. Linked agriculture improves crop output from existing fields through monitoring, assessing, managing, and ultimately improving essential farm procedures throughout the cultivation cycle. For instance, India's objective for the total production of food grains for the years 2022-23 is set at 328 million tons, as compared to the total food grain production of 316 million tons in 2021-22. As a result, the rising demand for crops is predicted to spur the growth of the linked agriculture sector.

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What Are the Key Trends Driving Connected Agriculture Market Growth?
Key businesses in the connected agriculture industry are concentrating on unveiling cutting-edge solutions like agricultural robots to offer dependable services to clients. These robots, specially fashioned for the agricultural sector, execute tasks such as collecting crops, handling weeds, cloud seeding, sowing seeds, overseeing the environment, analyzing the soil, and providing livestock management assistance, thereby augmenting total production yield. For instance, Solinftec, an ag-tech firm based in Brazil, in May 2022, initiated Solix, an independent crop observation device. Solix operates on each plant individually, optimizing both productivity and efficiency. It provides real-time data from the fields, acting as a unified agricultural platform. Powered by the sun along with lithium-ion batteries for storing energy, Solix employs an integrated camera and sensors in collaboration with artificial intelligence (AI) technology to oversee plant wellbeing, identify pest destruction, and notice changes in the field.

How Is the Connected Agriculture Market Segmented?
The connected agriculture market covered in this report is segmented -

1) By Component: Solution, Platforms, Services
2) By Platform: Device Management, Application Enablement, Connectivity Management
3) By Application: Farm Planning And Management, Smart Logistics, Agriculture Finance, Smart Irrigation

Subsegments:
1) By Solution: Crop Management Solutions, Livestock Management Solutions, Soil Management Solutions
2) By Platforms: Cloud-Based Platforms, IoT Platforms, Data Analytics Platforms
3) By Services: Consulting Services, System Integration Services, Maintenance And Support Services

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Which Companies Are Leading the Charge in Connected Agriculture Market Innovation?
Major companies operating in the connected agriculture market are 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., SWIIM System Ltd., Oracle Corporation, Fujitsu Limited, Hexagon AB, Raven Industries Inc., Topcon Corporation, AgJunction Inc., Agribotix LLC, CropX Inc., Granular Inc., PrecisionHawk Inc., The Climate Corporation, TerrAvion Inc., Descartes Labs Inc., Farmers Edge Inc., Mavrx Inc., Sentera Inc., Absolute Agronomy LLC, AgNext Technologies Private Limited, DeHaat, Cropin Technology Solutions, RML AgTech Pvt. Ltd.

Which Regions Are Leading the Global Connected Agriculture Market in Revenue?
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, Africa.

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