The Connected Agriculture Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Connected Agriculture Market:
https://www.thebusinessresearchcompany.com/report/connected-agriculture-global-market-report
According to The Business Research Company’s Connected Agriculture Global Market Report 2024, The connected agriculture market size has grown rapidly in recent years. It will grow from $3.1 billion in 2023 to $3.63 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to increasing global population, demand for sustainable agriculture practices, government initiatives and subsidies, climate change and weather variability, globalization of agriculture markets, improving connectivity infrastructure..
The connected agriculture market size is expected to see rapid growth in the next few years. It will grow to $6.53 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to focus on soil health monitoring, efforts to bridge the digital divide, focus on yield optimization, environmental conservation initiatives, smart irrigation systems.. Major trends in the forecast period include adoption of iot technologies, precision farming practices, use of drones and uavs, smart irrigation systems, farm management software, emergence of agri-tech startups, telematics in equipment monitoring.
Increasing demand for crops is expected to propel the growth of the connected agriculture market going forward. Crops, in agriculture, refer to a plant or plant product that can be widely cultivated and harvested for income or dietary needs. Connected agriculture helps boost crop yields from existing land by tracking, evaluating, controlling, and ultimately enhancing crucial agricultural processes at all points in the farming cycle. For instance, India sets the target for total food grain production at 328 million tonnes for the years 2022–23, compared to 316 million tonnes of total food grain production in 2021–22. Therefore, increasing demand for crops will drive the growth of the connected agriculture market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7914&type=smp
The connected agriculture market covered in this report is segmented –
1) Connected Agriculture Market By Component: Solution, Platforms, Services
2) Connected Agriculture Market By Platform: Device Management, Application Enablement, Connectivity Management
3) Connected Agriculture Market By Application: Farm Planning And Management, Smart Logistics, Agriculture Finance, Smart Irrigation
Technological advancements have emerged as a key trend gaining popularity in the connected agriculture market. Major
companies operating in the connected agriculture market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2021, John Deere, a US-based manufacturer of agricultural machinery and heavy equipment introduced "Work Planner" as a centralized tool to its operations center platform. As part of the most recent updates to John Deere's Digital Ecosystem, the 'Work Planner' software is being made available online. For the operator, this means that as soon as they pull into a paddock, a pop-up window on the Generation 4 Command Center opens with the work plan for that field, and they may start collecting data by clicking one button. Work Planner enables users to monitor equipment and fieldwork from anywhere using the Operations Center mobile app.
The connected agriculture market report table of contents includes:
1. Executive Summary
2. Connected Agriculture Market Characteristics
3. Connected Agriculture Market Trends And Strategies
4. Connected Agriculture Market - Macro Economic Scenario
5. Global Connected Agriculture Market Size and Growth
......
31. Global Connected Agriculture Market Competitive Benchmarking
32. Global Connected Agriculture Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Connected Agriculture Market
34. Connected Agriculture Market Future Outlook and Potential Analysis
35. Appendix
Read Related Reports:
https://www.thebusinessresearchcompany.com/report/agriculture-sensor-global-market-report
https://www.thebusinessresearchcompany.com/report/connected-healthcare-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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.
