Connected Agriculture Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2028
Steady market revenue growth can be attributed to increasing need to ensure food security and increase agricultural processes efficiency and productivity to meet rising global food demand. Increasing implementation of advanced technologies to manage, enhance, and control farming activities is expected to drive growth of the global connected agriculture market during the forecast period. Increasing adoption of IoT sensors to aid in crop monitoring and cultivation in order to enhance farm operations and optimize agricultural processes are other major factors driving market growth. Farmers are increasingly utilizing farm management systems as these assist, not only farmers, but other stakeholders in the field of agriculture, with collection of information and management by utilizing various tracking devices and sensors.
The authors of the study also offer a holistic view of the global connected agriculture market based on the earnings, volume, and sales recorded. The research report furnishes clear guidelines for players to intensify their market position in the global connected agriculture market. It prepares them to deal with potential challenges and optimize profitable opportunities by providing an extensive analysis of the market scenario. It also guides them to recognize new business goals simultaneously keeping track of the changes in the customer preferences, needs, and the vendor landscape of the global connected agriculture market.
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Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key Players Profiled in the Report are:
IBM, Microsoft, AT&T, Deere & Company, SAP SE, Accenture, Cisco Systems, Inc., Oracle Corporation, Iteris, Inc., and Trimble Navigation.
Emergen Research has segmented the global connected agriculture market on the basis of component, application, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
- Services
- Solution
- Platforms
Application Outlook (Revenue, USD Billion; 2018–2028)
- Pre-Production Planning and Management
- In-Production Planning and Management
- Post-Production Planning and Management
Regional Analysis of the Connected Agriculture Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Overview:
The research report on the Connected Agriculture market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Connected Agriculture business sphere.
Key Objectives of the Report:
- Analysis and estimation of the Connected Agriculture market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Connected Agriculture market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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