Connected Agriculture Market is valued at 2.2 Billion USD in 2021. The market is expected to grow at a CAGR of 18.5% over the forecast period to reach a valuation of 4.7 Billion USD in 2026.
Connected agricultural marketing is dependent upon the provision of services involved in the enhancement of agricultural production from the field to the consumer. It is also the planning, systematization, and management of the farm output in such a way as to meet the requirements of the producer, the supplier, and the purchaser. This involves several consistent activities, such as transport, grading, growing and harvesting, distribution, production planning, packing and packaging, storage and food processing, sales and advertising. The concept covers the full scope of supply chain operations. On the other hand, its primary function is to assist these services by providing competent and well-informed information, thus linking additional activities to the integrated network with besieged goods.
Regional Growth Analysis:
North America is expected to hold the largest market and dominate the connected agricultural market from 2021 to 2026. In the area, there are mainly farms with best-in-class equipment, which largely contribute to the growth of the sector. The Asia Pacific is expected to provide lucrative opportunities for connected agricultural vendors due to increasing investments in connected infrastructure, digital farming practices and the implementation of cloud-based solutions among growers in the region. However, the lack of standardization of data in the different areas could have an impact on the adoption of a linked agricultural solution.
MARKET DRIVERS, RESTRAINTS OPPORTUNITIES:
Significant factors which have helped drive the Connected Agriculture Market forward are-
The factors holding the Connected Agriculture Market back include-
Mobile payment service providers are allowing farmers to outline their real-time costs, which have created many opportunities. By enhancing the potential of farmers to conduct economic transactions without difficulty in rural areas and by facilitating access to agricultural data, the connected agriculture market is expected to develop globally.
Connected Agriculture Industry - By Component:
Solution
Connected Agriculture Industry - By Application:
Connected Agriculture Industry - By Region:
Market Insights Based on Segmentation:
KEY MARKET PLAYERS:
The key market players of the Connected Agriculture Market include IBM (US), Microsoft (US), AT&T (US), Deere & Company (US), SAP SE (Germany), Accenture (Ireland), Cisco (US), Oracle (US), Iteris (US), Trimble (US), SMAG (France), Ag Leader Technology (US), Decisive Farming (Canada), Gamaya (Switzerland), and SatSure (UK).
RESEARCH METHODOLOGY:
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.
Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Component
5.1.1 Introduction
5.1.2 Solution
5.1.3 Platforms
5.1.4 Services
5.1.5 Y-o-Y Growth Analysis, By Component
5.1.6 Market Attractiveness Analysis, By Component
5.1.7 Market Share Analysis, By Component
5.2 Application
5.2.1 Introduction
5.2.2 Pre-Production Planning and Management
5.2.3 In-Production Planning and Management
5.2.4 Post-Production Planning and Management
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Component
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Component
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Component
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 IBM
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Microsoft
8.3 Deere & Company
8.4 Accenture
8.5 Cisco
8.6 Iteris
8.7 Trimble
8.8 SMAG
8.9 Decisive Farming
8.10 Gamaya
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
