[179+ Pages Research Report] Global Connected Agriculture Market to surpass USD 9.03 billion by 2030 from USD 2.26 billion in 2020 at a CAGR of 18.9 % in the coming years, i.e., 2021-30. The growing demand for different solutions to improve returns for farmers supports the growth of the Connected Agriculture market.

Product Overview

Connected Agriculture is described as the use of modern technical solutions and services for the improvement, management, and control of pre-production, in-production, and post-production farming activities. Connected agriculture involves four main steps: data detection, data communications, and data storage. Different stakeholders such as farmers, farmers, livestock producers, farming cooperatives, agricultural businesses, grapes, seed companies, fertilizer enterprises, food and drink companies, and governments can use the information gathered from these steps to make actual decisions that maximize their return on investment (RoI). Connected agriculture technology gives farmers the appropriate skills and know-how about different techniques for improving farm productivity, seed and fertilizer use, weather forecasting, and more. Thereby, connected agriculture technology helps farms to regularly update a weather forecast to help avoid farmers from losing crops in the case of premature rains or droughts and is therefore dependent on monsoons in most countries.

Market Highlights

Global Connected Agriculture market is expected to project a notable CAGR of 18.9% in 2030.

In addition, different service providers focus on the global Connected Agriculture market to provide their end-users with concurrent information. In addition, mobile transaction service providers can shape farmers' real-time expenses. This supported further share in the market-connected agriculture market, thereby providing market participants with a number of opportunities over the coming years.

Global Connected Agriculture Market: Segments

In-Production Planning and Management segment to grow with the highest CAGR during 2020-30

Global Connected Agriculture market is segmented by application into Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management. The area of application management and planning in production includes management of the water and of irrigation, management of reproduction and feed, crop scouting, operation and management of production, animal monitoring and connectivity, agri-finance management, and insurance. Connected solutions and services for agriculture assist in finding real-time information about agricultural irrigation, livestock health, feeding behavior, sanitation, tracking locations of crops, insurance, and other activities for improving crop, livestock, and farm management, improving productivity and the quality of production

Device Management segment to grow with the highest CAGR during 2020-30

Global Connected Agriculture is divided by platform into Device Management, Application Enablement, and Connectivity Management. Control devices support organizations in the management, tracking, safe operation, and maintenance of abundant devices used for connected farming operations. The device management solution is configured in conjunction with functional requirements with the application development feature. The devices are characterized by various communication technologies and are therefore composed of various communication interfaces and operating systems. Connected agriculture demand is anticipated to drive the growing requirement for access and control over connected devices.

Market Dynamics

Drivers

Need to meet world’s demand for food

As the population of the world increases, the demand for food is growing rapidly. At an exponential rate, the world's population is projected to rise to around 10 billion from now to 2050. The total population adds up to about 85 million people each year. The food production rate should double between 2020 and 2050, according to the FAO, to maintain population growth. In addition, farmers still depend primarily on the weather for food production to complement this issue. In meteorological conditions, any unpredictable changes affect the income, and farmers face losses. Issues like global warming, deforestation, and other environmental issues are hindering food production and livestock farming in many developing countries around the world. Connected farming solutions enable farms, such as water, seeds, land areas, and fertilizers, to use their scarce resources optimally to meet the increasing demand for food. Connected solutions in agriculture help farmers to automate farm gear, increase agricultural returns, reduce work, increase productivity and improve overall efficiency

Technological advancements

The growing demand for different solutions to improve returns for farmers supports the growth of the connected agriculture market. In addition, different service providers focus on the global connected agriculture market to provide their end-users with concurrent information. In addition, mobile transaction service providers can shape farmers' real-time expenses. This supported further share in the market-connected farming market, thereby providing market participants with a number of opportunities over the coming years.

Restraint

High capital investment

High capital investment is required for the implementation of connected farming techniques and solutions. Most farmers worldwide are marginalized or small farmers who find investing in this expensive equipment complicated. Connected agriculture needs huge investments, sustainable agriculture tools, and qualified, skilled farmers to use this technology to collect basic information. The access to the latest technology is limited, because of high technological costs, mainly to big and industrialized farms.

Global Connected Agriculture Market: Key Players

SAP SE

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

IBM (US)

Microsoft (US)

AT&T (US)

Deere & Company (US)

Accenture (Ireland)

Cisco (US)

Oracle (US)

Iteris (US)

Trimble (US)

SMAG (France)

SatSure (UK)

Other Prominent Players

Global Connected Agriculture Market: Regions

Global Connected Agriculture market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Connected Agriculture in North America held the largest market share of XX.X% in the year 2020, owing to huge adoption among smallholder farmers, North America is likely to hold the largest market share linked agriculture market. North America has farmed with well-equipped agriculture equipment, and the worldwide connected agricultural market is largely expanding. In the coming years, however, the worldwide connected agriculture market will see substantial growth in other emerging economies, such as the APAC. This is due to growing investments in connected agriculture and cloud-based solutions, which contribute further to the growth of the market.

Global Connected Agriculture Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Connected Agriculture Market report also contains analysis on:

Connected Agriculture Segments:

By Application

Pre-Production Planning and Management

In-Production Planning and Management

Post-Production Planning and Management

By Platform

Device Management

Application Enablement

Connectivity Management

Connected Agriculture Market Dynamics

Connected Agriculture Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Connected Agriculture Market Report Scope and Segmentation

Frequently Asked Questions

How big is the Connected Agriculture market

What is the Connected Agriculture market growth

Which segment accounted for the largest Connected Agriculture market share

Who are the key players in the Connected Agriculture market

What are the factors driving the Connected Agriculture market

Contents

1. Executive Summary

2. Global Connected Farming Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Connected Agriculture Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Connected Agriculture Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Connected Agriculture Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Platform: Market Share (2020-2030F)

1. Device Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Application Enablement, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Connectivity Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Application: Market Share (2020-2030F)

1. Pre-Production Planning and Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. In-Production Planning and Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Post-Production Planning and Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. SAP SE

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. IBM (US)

3. Microsoft (US)

4. AT&T (US)

5. Deere & Company (US)

6. Accenture (Ireland)

7. Cisco (US)

8. Oracle (US)

9. Iteris (US)

10. Trimble (US)

11. SMAG (France)

12. SatSure (UK)

13. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.