Global Connected Agriculture Market – Industry Trends and Forecast to 2024

The Global Connected Agriculture Market accounted for USD 1.62 billion in 2016 growing at a CAGR of 18.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

 Market Definition: Global Connected Agriculture Market

Connected agriculture can be used to solve issues with the help of mobile technology. Farmers need to enhance their skills and knowledge to improve their productivity of farming and raise the income in order to elude poverty. With the help of such an advanced technology, there is a greater investment. The source of telecommunication may act as the major driver in the growth of connected agriculture market. On the other side, limited availability of arable land may hamper the market.

Major market drivers & restraints: Global Connected Agriculture Market

Surge in global population compelling shift towards smart agriculture practices
Increase in unpredictability of weather
Limited availability of arable land
High cost of deployment

Market Segmentation: Global Connected Agriculture Market

The global connected agriculture market is segmented on the basis of solution into network management, agriculture asset management, supervisory control and data acquisition, logistics and supply chain management, smart water management, and others. The network management segment is further sub-segmented into remote monitoring, network bandwidth management, analytics, and network and application security.

On the basis of service, the global connected agriculture market is segmented into professional services, and managed services. The professional services segment is further sub-segmented into consulting services, integration and deployment services, and support and maintenance services

On the basis of platform, the global connected agriculture market is segmented into device management, application enablement, and connectivity management.

On the basis of application, the global connected agriculture market is segmented into farm planning and management, agricultural finance, and others. The farm planning and management segment is further sub segmented into field monitoring and management, weather forecasting, production planning and maintenance, supply chain management. The field monitoring and management segment is further sub segmented into livestock management, equipment monitoring and maintenance. The agriculture finance segment is further sub segmented into mobile payment systems, micro-insurance systems, micro-lending platform, and mobile information systems.

On the basis of geography, the global connected agriculture market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Connected Agriculture Market

The report for connected agriculture market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

 Major Market Competitors: Global Connected Agriculture Market

Some of the major players of the global connected agriculture market are Cisco Systems, Inc., IBM Corporation, PTC, SAP SE, Trimble Inc., Microsoft Corporation, Vodafone Group, Accenture, AT&T Intellectual Property, LINK LABS, Orange, SYSPRO, Epicor Software Corporation, The Sage Group plc and others.

Research Methodology: Global Connected Agriculture Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Connected Agriculture Market – Industry Trends and Forecast to 2024

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