The Global Connected Agriculture Market is likely to showcase a robust growth of around 20% during the forecast period (2021-2027). A comprehensive overview of the global connected agriculture market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the connected agriculture market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.
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Market Overview
Connected agriculture is defined as the use of advanced technology solutions and services to improve, manage, and control pre-production, in-production, and post-production agricultural activities. These technologies provide proper skills and many useful techniques like proper usage of seeds and fertilizers, farm production, weather forecasting, transporting, storing, food processing, etc. Moreover, the growing demand for Agri-mobile driven solutions coupled with telecom service providers focusing on offering connected agriculture solutions to provide real-time data to the end customers is further expected to support market adoption of connected agriculture solutions. The demand for connected agriculture is also influenced by the increasing demand for advanced farming solutions to maximize crop production with minimum resources such as water, fertilizers, and seeds. In addition, the implementation of various connected agriculture solutions has helped farmers to do better time and crop management.
COVID-19 Impact
Due to the COVID-19 pandemic, movement restrictions and lockdowns have led to supply chain disruptions and a lack of equipment. However, farm management software tools and remote sensing devices could lead to higher adoption in the post-COVID-19 period. COVID-19 has disrupted the supply chain in the market, and companies are exploring new ways to interact with farmers and growers through technology.
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Global Connected Agriculture Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By component, the market is primarily bifurcated into:
· Solutions
· Services
Based on the component, the market is segmented into solutions and services. The solution segment is expected to dominate the connected agriculture market as it enables remote monitoring through connected agriculture solutions and enables production yields to increase and allows farmers to improve the growing process. Connected agriculture helps farmers to increase production output and improve the growing process. it also helps them to improve the quality of the crops grown, it also helps farmers to carry out financial transactions.
By application, the market is primarily segmented into:
· Pre-production planning and management
· In-production planning and management
· Post-production planning and management
Based on application, the market is segmented into pre-production planning and management, in-production planning, and management, and post-production planning and management. The in-production management segment is expected to hold the majority of the market. Planning is an important factor due to the inherent uncertainty associated with weather financial risk. The pre-production management segment of connected agriculture helps in the production of good quality products, and a higher rate of production. Production planning and management allow farmers to access real-time data to make proactive decisions that help in the production of effective yields.
Global connected agriculture market geographical segmentation includes:
· North America
Ø United States
Ø Canada
Ø Rest of North America
· Europe
Ø Germany
Ø United Kingdom
Ø France
Ø Italy
Ø Spain
Ø Rest of Europe
· Asia-Pacific
Ø China
Ø India
Ø Japan
Ø Australia
Ø Rest of Asia-Pacific
· Rest of World
For a better understanding of the market adoption of the connected agriculture industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (U.K, France, Germany, Spain, Italy, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to dominate the connected agriculture market and is expected to retain the spot during the forecast period. A major reason for the growth is the presence of a large number of connected agriculture solutions vendors. Also, continuous advancements in technology and a reduction in prices of agricultural equipment are some of the growth factors for the connected agriculture market in North America.
The major players targeting the market include:
· Microsoft Corporation
· IBM Corporation
· AG Leader Technology
· Cisco Systems Inc.
· AT&T
· Accenture PLC
· Orange Business Services
· SAP SE
· Epicor Software Corporation
· Syspro Technologies
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Connected agriculture market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global connected agriculture market?
· Which factors are influencing the global connected agriculture market over the forecast period?
· What are the global challenges, threats, and risks in the global connected agriculture market?
· Which factors are propelling and restraining the global connected agriculture market?
· What are the demanding global regions of the global connected agriculture market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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