Connected Agriculture Market – Overview
The Connected Agriculture global industry is projected to gain revenues worth USD 3 billion while progressing at a CAGR of 17 % in the duration of the forecast period. Connected agriculture technology is the advanced version of information and mobile communication technology. Emerging countries such as China, India, and Indonesia of Asia Pacific region are considered to be regions of opportunities for the connected agriculture market. These are countries that lack the proper infrastructure for the agriculture sector in terms of sowing and harvesting techniques, packing and packaging, transporting, production, storing and food processing. Connected agriculture technology offers the farmers the proper skills and knowledge about various techniques to enhance the productivity of farms, usage of seeds and fertilizers, weather forecasting, and many more. Most of the countries are depended on monsoons, therefore, connected agriculture technology helps the farmers to get the regular updates of a weather forecast that prevents the farmers from loss of crops in-case of untimely rains or droughts. The connected agriculture technology also provides the smart irrigation and smart water management system, which helps the farmers to cultivate the crops during their stipulated period.
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The prominent players in connected agriculture market are AG Leader Technology (U.S), Microsoft Corporation (U.S), IBM Corporation (U.S), Cisco Systems Inc (U.S),, AT&T (U.S), Accenture PLC (Ireland), SAP A.G (Germany), Orange Business Services (France), Epicor Software Corporation(U.S). Vodafone Group PLC (U.K), SAGE (U.K), Syspro Technologies (U.S), Raven Industries, Inc (U.S), AGCO Corporation (U.S).
Connected Agriculture Market Segmental Analysis
The segmentation of the connected agriculture market is carried out on the basis of component, region, and application. On the basis of component, the connected agriculture market is segmented into services, solutions, and platform. Based on applications the connected agriculture market is segmented into smart logistics, farming planning and management, agriculture finance and smart irrigation. The regions included in the connected agriculture market are into Europe, North America, Asia Pacific, the Middle East, Latin America, and Africa.
Connected agriculture market is geographically segmented into North America, Europe, Asia Pacific Latin America, and the Middle East & Africa. North American region is expected to be the prominent player among the regions due to advanced agricultural techniques and robust agricultural infrastructure and facilities are expected to drive the connected agriculture market. The U.S. and Canada are the leading countries in the North American region. Asia Pacific region is expected to have a significant growth over the forecast period. Emerging economies, such as India and China, lack the essential technology required for the agricultural sector, possess an ocean of opportunities, which is presumed to drive the market over the forecast period.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2023)
Table2 Global Connected Agriculture Market: By Region, 2017-2023
Table3 North America Connected Agriculture Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Connected Agriculture Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Connected Agriculture Market
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