The connected agriculture is in high demand during the forecast period because it consists of crucial applications such as smart irrigation systems, precision planting, proximity marketing, precision fertilizer application, condition, and health monitoring, intelligent water monitoring, comprising crop surveying, condition monitoring, navigational services, autonomous machinery, ecological monitoring, automated feed dispensing and smart logging. All these applications help the farmers to keep a real-life track of the farm. The mobile telecommunication, which links to various markets for finance, can even check the price of the commodity, weather, and agriculture technique.
These devices will help produce maximum yield using less labor as there is an increasing demand for food due to the growing population, each year we have to provide 2% more compared to the previous year to keep up with the people. The government’s interest in this market is very high. This is enabling the farmers with instant microfinance to invest in the equipment.
The primary driver for the Asia Pacific connected agriculture market is the increasing demand for food as the population is expanding at a rapid rate, and to produce sufficient food to feed the entire community, the farmers must be able to increase their production up to 75% by 2050. Connected agriculture helps reduce wastage. There is a tremendous amount of wastage produced by the application of agriculture inputs, and this wastage could cause pollution. For example, less than 50% of the fertilizers are used for a better crop, and the other 50% is usually contaminated by water.
Emerging countries are funding heavily in educating and informing their farmers about the advantages of connected agriculture. Even the social bodies are willingly coming forward to help educate the farmers.
The major limitation is the lack of awareness among the end-users. Farmers are lacking knowledge about the advantages of using connected agriculture solutions. Most of the framers are still willing to follow the traditional methods of farming and rejecting advanced technology, mainly because they are not aware of the new technology and do not know how to use them.
Drones are being used for agriculture in the Asia Pacific region. Maharashtra, India signed a partnership with the World Economic Forum (WEF) Centre for exploring the use of drones in the agriculture industry.
The department of Agriculture (DA) in the Philippines is currently adapting to drones to change the way of planting the seeds, and the way fertilizers and pesticides are applied to the crop and new ways to monitor the crop and livestock.
In Japan, the ministry has set up a new goal to introduce drones to agriculture for about half the land that grows rice, wheat and soy across the country by 2022.
The Asia Pacific connected agriculture market is segmented based on the compound into solutions, platforms and services.
The platform section is further segmented into device management, connectivity management and application enablement.
Devices management is likely to dominate the regional market during the forecast period as it helps with tracking, managing, securing and sustaining the devices. These devices consist of different communication interfaces and operating systems as they are based on different communication systems. The configuration management feature in the devices management solution configures new machines according to the need with a particular function. The increasing demand for access and control over the connected devices is driving the connected agriculture market in this area.
The Asia Pacific connected agriculture market by services is separated as Consulting Integration and Implementation, Support and Maintenance, Micro Leading Services, Micro Insurance Services, Mobile Payment Services, Mobile Information Services, Professional Services, and Management Services.
Smart Water solution in the APAC connected agriculture market by solution is expected to register the highest CAGR during the outlook period as this management system solution helps the farmer keep track of the amount of water required for a specific crop during a specified period, by measuring the moisture and heat conditions in the soil.
Farming production planning and management of the Asia Pacific connected agriculture market by application is estimated to lead the regional market during the projection period.
The into farming production planning and management application involve water irrigation management, breeding management, feed management, crop production monitoring and maintenance, crop scouting, animal tracking, and insurance management. These solutions are services that help the grower to keep a real-life track of all the crops and livestock in the farm, resulting in improving the productivity and quality of the yield.
The connected agriculture market in the Asia Pacific has a significant growth rate due to the increasing demand for mobile technology with agriculture resolutions and services to increase the crop yield by improving the farm operations. India is foreseen to be the most promising area in the APAC to offer enormous growth potential for this market.
Trimble Navigation Limited (United States), IBM Corporation (United States), Microsoft Corporation (United States), AG Leader Technology (United States), Syspro Technologies (United States), Cisco Systems Inc. (United States), Epicor Software Corporation (United States), AT&T (United States), Raven Industries Inc. (United States), AGCO Corporation (United States), Deere And Company (United States), Oracle (United States), Iteris (United States), And Decisive Farming (Canada).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Connected Agriculture Market, By Component
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Connected Agriculture Market, By Platform
6.2.1 Device Management
6.2.2 Application Enablement
6.2.3 Connectivity Management
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Connected Agriculture Market, By Application
6.3.1 Pre-Production Planning And Management
6.3.2 Into Farming Production Planning And Management
6.3.3 Post-Production Planning And Management
6.3.4 Smart Logistics
6.3.5 Smart Irrigation
6.3.6 Agriculture Finance
6.3.7 Market Size Estimations & Forecasts (2019-2024)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
6.4 Connected Agriculture Market, By Solution
6.4.4 Network Management
6.4.5 Agriculture Asset Management
6.4.6 SCADA Systems For Agriculture
6.4.7 Logistics And Supply Chain Management
6.4.8 Smart Water
6.4.9 Management System
6.4.10 Market Size Estimations & Forecasts (2019-2024)
6.4.11 Y-o-Y Growth Rate Analysis
6.4.12 Market Attractiveness Index
6.5 Connected Agriculture Market, By Services
6.5.1 Consulting Integration And Implementation
6.5.2 Support And Maintenance
6.5.3 Micro Leading Services
6.5.4 Micro Insurance Services
6.5.5 Mobile Payment Services
6.5.6 Mobile Information Services
6.5.7 Professional Services
6.5.8 Management Services
6.5.9 Market Size Estimations & Forecasts (2019-2024)
6.5.10 Y-o-Y Growth Rate Analysis
6.5.11 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Component
7.2.3 By Platform
7.2.4 By Application
7.2.5 By Solution
7.2.6 By Services
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Component
7.3.3 By Platform
7.3.4 By Application
7.3.5 By Solution
7.3.6 By Services
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Platform
7.4.4 By Application
7.4.5 By Solution
7.4.6 By Services
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Component
7.5.3 By Platform
7.5.4 By Application
7.5.5 By Solution
7.5.6 By Services
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Component
7.6.3 By Platform
7.6.4 By Application
7.6.5 By Solution
7.6.6 By Services
8. Key Player Analysis
8.1 Trimble Navigation Limited
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 IBM Corporation
8.3 Microsoft Corporation
8.4 AG Leader Technology
8.5 Syspro Technologies
8.6 Cisco Systems Inc.
8.7 Epicor Software Corporation
8.9 Raven Industries Inc.
8.10 Raven Industries Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures