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Connected Agriculture Market is anticipated to rise at a value CAGR of 18.18% over 2019-028. According to a study published by Insure Insights on Connected Agriculture Market. Connected Agriculture is generally the use of advanced technological solutions so as to improve, enhance and thus manage, and control the farming activities. Connected Agriculture has improved access to financial solutions. This technology helps to connect with buyers, sellers, distributors, etc. The rise in population growth and the increase in demand for crops have driven the market growth.
Top Driver: Water Management Program by Farmers have driven the market growth
Proper irrigation activities and a rise in the concern regarding water loss is driving the Market of Connected Agriculture. Water management done using (IoT), mobile applications, and big data analytics have driven market growth. IoT networks are used to collect information regarding water usage, air humidity, and soil moisture have enhanced market growth. Various technological advances use of mobile phones, and new wireless technologies in various agricultural operations have further driven the market growth.
Solution Segment Have Dominated the growth in the Connected Agriculture Market
Based on the Component segment, Solution segment have obtained the highest growth, remote monitoring technologies in Connected Agriculture helps in improving the yield of the crops., it has also helped to in improving the production output and thus have enhanced the overall growth and thus also have improved the quality of the crops. It also helps in the financial transactions of the farmers. The IoT solutions also help in keeping track of health-related issues.
In terms of the Platform Device Management, has obtained the most significant growth as it assist organizations in managing, tracking, sustaining and securing, abundant devices that are used in connected agriculture deployment
In terms of the Application segment, In-production planning and management has obtained the highest growth as it helps in water and irrigation management, crop scouting, production monitoring, maintenance, animal tracking, navigation, agriculture finance, and insurance management.
Due to the Presence of Key players North America Rule the Regional Market
The majority of key players like IBM, Microsoft, AT&T, Deere & Company, etc. are expected to drive the market growth of the region. North America has the presence of a large number of connected agriculture vendors, and a reduction in prices of agricultural equipment is enhancing the regional market growth. The technological advancements in the connected agriculture market are further escalating the growth in North America. The adaptation of this technology and the adoption of digitalization by Farmers and traders in the region for connected agriculture are boosting the regional growth. The farms are well-equipped farming equipment and the use of advanced technologies, such as IoT, AI big data, data analytics are driving the Connect Agriculture Market in the region and has driven further regional growth.
Collaborations, Mergers, and Acquisition are the major strategies of the competitors in the Market
The Players of the Global Connected Agriculture Market is fragmented. Mergers, Partnerships, Acquisitions are the major strategies used by the competitors. The key competitors of the Global Connected Agriculture Market are IBM, Microsoft, AT&T, Deere & Company, SAP SE, Accenture Cisco, Trimble, SMAG Ag Leader Technology and Decisive Farming
IBM: IBM is a giant competitor of the Connected Agriculture Market; for instance, in the year 2018, IBM had announced the acquisition of outstanding common shares of Red Hat, The deal for the aquistion was done for USD 34 billion. The acquisition was made by IBM to Becoming World no 1 Hybrid Cloud Provider.
Microsoft: Microsoft is popular in the Connected Agriculture Market . In June 2018, Microsoft had announced the acquisition of open-sourced software platform GitHub. This acquisition was made by Microsoft for USD 7.5billion. Microsoft had made this acquisition to strengthen its product portfolio.
Accenture: Accenture is one of the Key competitor in the Market. Services (AWS) cloud services company, Accenture had made this acquisition to strengthen its product portfolio
Scope of the Report
By Component
By Platform
By Application
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Connected Agriculture Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Connected Agriculture Market -Industry Snapshots
6.1.1 Global Connected Agriculture Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Connected Agriculture Market Analysis, by Component
7.2 Key Findings for Connected Agriculture Market- By Component
7.2.1 Connected Agriculture Market- Solution
7.2.2 Connected Agriculture Market- Services
Chapter 8 Global Connected Agriculture Market Analysis, by Platform
8.2 Key Findings for Connected Agriculture Market- By Platform
8.2.1 Connected Agriculture Market- Device Management
8.2.2 Connected Agriculture Market- Connectivity Management
8.2.3 Connected Agriculture Market- Application Enablement
Chapter 9 Global Connected Agriculture Market Analysis, by Application
9.2 Key Findings for Connected Agriculture Market- By Application
9.2.1 Connected Agriculture Market- Pre-Production Planning and Management
9.2.2 Connected Agriculture Market- Post-Production Planning and Management
9.2.3 Connected Agriculture Market- In-Production Planning and Management
Chapter 10 Connected Agriculture Market Analysis by Region
10.1 Key Findings for Connected Agriculture Market- By region
10.2.1 Global Connected Agriculture Market Analysis, By Component, 2019 – 2028
10.2.2 Global Connected Agriculture Market Analysis, By Platform, 2019 – 2028
10.2.3 Global Connected Agriculture Market Analysis, By Application, 2019 – 2028
10.3 Connected Agriculture Market – North America
10.3.5 North America Market, By Component
10.3.6 North America Market, By Platform
10.3.7 North America Market, By Application
10.4 Connected Agriculture Market – Europe
10.4.7 Europe Market, By Component
10.4.8 Europe Market, By Platform
10.4.9 Europe market by, Application
10.5 Connected Agriculture Market – Asia Pacific
10.5.6 Asia Pacific Market, By Component
10.5.7 Asia Pacific Market, By Platform
10.5.8 Asia Pacific Market, By Application
10.6 Connected Agriculture Market – LAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 Latin America, Middle East and Africa Market, By Component
10.6.6 Latin America, Middle East and Africa Market, By Platform
10.6.7 Latin America, Middle East and Africa Market, By Application
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.9 SMAG Ag Leader Technology
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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