Connected Agriculture Market Overview:
To find the overall size of the Connected Agriculture market by nations and segments, the research conducted a micro level investigation of each country. The local and global markets' sizes are estimated using a bottom-up methodology. By conducting a micro-level analysis of each nation, it is possible to determine how much the unorganised market contributes to the size of the larger market. The Connected Agriculture market dictates the thorough analysis carried out by the company organisation to comprehend the Connected Agriculture market's drivers, restraints, and opportunities. Interviews with significant local businesspeople follow, and the results are then verified. For secondary research and analysis, both paid and unpaid data bases are utilized. The provision and consumption information for each player is gathered from public databases, private databases, and, in the case of publicly listed enterprises, the earnings data of the company. If financial documents from businesses are not made available to the public, they may be requested through the local government's budget division.
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Connected Agriculture Market Dynamics:
Utilizing solutions and services, the connected agriculture market enables maximum production with the least amount of resources. By addressing all aspects of connected agriculture system, connected agriculture market also aids in preventing waste during storage and transportation. The connected agriculture system is gaining traction and is expanding quickly across the regions. A few of the factors limiting the deployment and implementation of connected agriculture solutions include their high cost and limited availability, which could have an impact on the market's expansion.
The market is anticipated to be driven by an increase in public-private partnership (PPP) projects in the agriculture sector, an increase in the global demand for food, and significant investments in rural infrastructure projects. Unpredictability of the weather as a result of environmental issues like global warming, deforestation, and rising carbon footprint is another significant driver.
Connected Agriculture Market Segmentation:
Since professional service providers provide comprehensive services using the most recent knowledge, strategies, tools, techniques, and skills, in accordance with farm needs, they are anticipated to hold the largest market share during the forecast period. Additionally, they provide risk analysis, tailored implementation, and support for deployment and integration through industry-specific best practises. Professional connected agriculture practises include consulting for the integration of the connected agriculture systems in accordance with it, identifying key implementation areas, and finally providing maintenance and support to the entire connected system.
The report thoroughly examines and explains the dynamics of the global connected agriculture market, assisting readers in understanding new market trends, drivers, restraints, opportunities, and challenges at a global and regional level for the Global Connected Agriculture Market.
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Connected Agriculture Market Key players:
- PTC, Inc.
- SAP SE
- Trimble Navigation Ltd.
- Vodafone PLC
- Accenture Plc
- Microsoft Corporation
- AT&T, Inc.
- Link Labs LLC
- AG Leader Technology
- Orange Business Services
- Epicor Software Corporation
- SAGE
- Syspro Technologies
- Raven Industries, Inc.
- AGCO Corporation
Connected Agriculture Market Research methodology:
To calculate and validate the size of the Connected Agriculture market, top-down and bottom-up approaches are utilised. Players rigorously abide by numerous industry classification criteria in order to create an exhaustive list of functioning and important players. A thorough validation test is also carried out to determine which businesses on the market are the most pertinent for the investigation. Subscription databases like Factiva, Bloomberg, and others are used to order priority lists according to the revenue from the most recent quarter. Last but not least, the questionnaire was designed and specifically developed to meet all criteria for collection of primary data by appointment only, focusing on the main target categories. This helps us collect data on player earnings, operating expenses, profit, and the development of various goods and services, among other things. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and close to 70–80% of the data are acquired from primary sources before being confirmed by a range of secondary sources.
Connected Agriculture Market Regional Analysis:
North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America are the five major geographic regions of the Connected Agriculture market.
Key Features of the Reports:
- Thorough analysis of the Connected Agriculture market.
- Regional market drivers, restraints, opportunities, and challenges.
- Detailed justifications for market share and segmentation.
- Modern market developments and trends.
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The report "Connected Agriculture Market by Component (Solution, Platforms, and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management), and Region - Global Forecast to 2023", The connected agriculture market is expected to grow from USD 1.8 billion in 2018 to USD 4.3 billion by 2023, at a CAGR of 19.3% during the forecast period.
Need to increase farm yield and reduce labor cost, and rising government initiatives for modernizing the agriculture industry are some of the major factors driving the growth of the connected agriculture market globally.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=469728The pre-production planning and management segment is expected to hold a larger market size in the global connected agriculture market during the forecast periodInefficiencies in planting, weather uncertainty, pests and disease outbreaks, rising labor costs, and other intangible problems have put farmers in a situation where they are desperately looking out for solutions backed up with emerging technologies.
Pre-production planning and management involve the use of connected agriculture solution to analyze and correlate information about field, crop, types of seeds, types of soil or infestations, weather, and manage variations in the field to grow more crops using fewer resources with less production cost.
Hence, the pre-production planning and management segment is expected to hold the largest market size during the forecast period.The services segment is expected to grow at the fastest CAGR during the forecast periodConnected agriculture services is gaining popularity worldwide owing to its extensive benefits in increasing farm productivity.
Connected agriculture services have a wide scope of usage, ranging from feasibility analysis, strategy and implementation, and valuations and development of farm, to crop selection and weather monitoring.
This has created opportunities for vendors to provide services to farmers and help them improve their limited knowledge by fulfilling a technological gap.North America is estimated to have the largest market size during the forecast periodNorth America is estimated to account for the highest share of the market in 2018.
Connected Agriculture Market SynopsisAccording to the report by MRFR, the global connected agriculture market 2021 was valued at USD 1 billion in 2016 and is poised to reach at approximately USD 3 billion by 2023, developing at a CAGR of 17% over the review period (2017-2023).Connected Agriculture Market ScenarioConnected farming uses mobile communications to allow farmers to provide critical information such as weather forecasts, crop failure, best seed quality, soil moisture and quality, resources and techniques, and to make financial payments more available.
Growing demand for mobile-based solutions and an rising number of telecom service providers are expected to drive over the forecast period the linked agricultural market.
Furthermore, technological development such as the integration of the Internet of Things with Agriculture is assumed to be an opportunity for the linked agricultural sector over the forecast period.
At the other hand, it is anticipated that the lack of proper technical expertise and high deployment costs would impede the growth of the connected agricultural market over the forecast period.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/5218Connected Agriculture Market SegmentationThe globally connected agriculture market is analyzed into component and application.Based on the component, the connected agriculture market is segmented into solutions, services, and platform.
Services are divided into professional services and managed services.
Additionally, Professional services include cintegration and deployment services, a onsulting services, nd support and maintenance services.
