Connected Agriculture Market Is Booming Worldwide by Share, Trends, Size, Growth, Demand, Segments and Forecast to 2028

 



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. The growing requirement to secure food security and boost agricultural productivity and efficiency to meet rising global food demand is the primary cause of the market's steady revenue growth. During the forecast period, it is anticipated that there will be a rise in the use of cutting-edge technologies to manage, improve, and regulate farming operations. Other significant factors propelling market expansion include the growing use of IoT sensors to help with crop monitoring and cultivation, improve farm operations, and optimise agricultural processes.

Farmers are using farm management systems more and more because they help with data gathering and management by utilising a variety of tracking devices and sensors. These systems are used by both farmers and other stakeholders in the agriculture industry. The market for connected agriculture solutions is being significantly fueled by the growing demand for reliable financial data, production data management solutions and services provided by farm management systems, and risk mitigation capabilities surrounding weather.

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Competitive Outlook:

The global Connected Agriculture market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Connected Agriculture market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Key companies profiled in the report include:

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

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Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Connected Agriculture market

Sales revenue by key players and new entrants

Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight to recent trends and opportunities

The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.

Emergen Research has segmented the global connected agriculture market on the basis of component, application, and region:

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

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Detailed 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)

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