Connected Agriculture Market Forecast to 2028

The study on the global market for Connected Agriculture examines historical data as well as current data and does a thorough analysis of market dynamics. The important market growth boosting and limiting factors that are projected to affect market growth throughout the forecast period are also covered in the report. The Global Connected Agriculture Market carries out market scenario research in order to forecast industry growth for the years 2021 to 2028. The study focuses on prospective growth prospects and constraints that the industry's market leaders might face during the forecast period.

The global connected agriculture market size is expected to reach USD 12.57 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. 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. Reliable financial data and production data management solutions and services offered by farm management systems and risk mitigation capabilities regarding weather has been resulting in increasing demand for and deployment, and this is driving growth of the global connected agriculture solutions market to a significant extent.

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The global Connected Agriculture market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Connected Agriculture industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

IBM, Microsoft, ATT, Deere Company, SAP SE, Accenture, Cisco Systems, Inc., Oracle Corporation, Iteris, Inc. and Trimble Navigation

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Some Key Highlights from the Report

• In July 2020, Land O’Lakes Inc. and Microsoft Corporation announced a multiyear strategic alliance to launch new innovations in agriculture, expand sustainability practices for farmers, improve the supply chain, and minimize the rural broadband gap. The strategic alliance is expected to deliver solutions, which would help in increasing profit potential of farmers and drive adoption of sustainable agricultural practices.
• Platforms segment accounted for largest revenue share in 2020. Rising need to constantly monitor and remotely control smart agriculture devices utilized in connected agriculture systems is projected to drive demand for device management platforms going ahead.
• Pre-production planning and management segment revenue is expected to expand at a rapid CAGR during the forecast period. Rising need to minimize pest and disease outbreaks and inefficiencies in planting is driving increasing utilization of pre-production planning and management solutions.
• North America accounted for largest revenue share contribution to the global connected agriculture market in 2020. Increasing investment by major players in the region such as IBM, Microsoft, ATT, Deere Company, Cisco Systems, Inc., Oracle Corporation, Iteris, Inc., and Trimble navigation for development of connected agriculture solutions is resulting in rising demand for connected agriculture solutions in countries in the region.

 Market Overview:

The report bifurcates the Connected Agriculture market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• 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 Outlook (Revenue, USD Billion; 2018–2028)
• North America
1. U.S.
2. Canada
3. Mexico
• Europe
1. Germany
2. France
3. U.K.
4. BENELUX
5. Italy
6. Spain
7. Rest of Europe
• Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. Rest of APAC
• Latin America
1. Brazil
2. Rest of LATAM
• Middle East Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Rest of MEA

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

• 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)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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