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 2027

    18-February-2020 | 124 Pages | | Report Code : RC-130

The usage of revolutionary technological solutions as well as services to enhance, manage, and control the farming activities related to pre-production, in-production, and post-production is termed as connected agriculture. The four major steps involved in connected agriculture are data sensing, data communications, data storage, and data processing. Farmers, growers, livestock producers, farming cooperatives, agribusinesses, grape wine growers, seed companies, fertilizer companies, food and beverage companies, and governments are the stakeholders benefited from the information generated from these steps in making real-time judgements which aid to optimize their Return on Investment (RoI).

The connected agriculture market is estimated to rise to USD 6.3 billion by 2027 from USD 2.3 billion in 2019, with a CAGR of 24.3% within the forecast period. Few of the relevant factors driving the growth of the connected agriculture market globally are the enhanced farm yield, reduction in labour cost, and increasing government plans for rejuvenating the agriculture industry.

The detailed analysis in respect of the connected agriculture market is facilitated in the report. The report covers the segmental and regional analysis of this market as well. The research report also attributes the crucial drivers, constraints relating to the global connected agriculture. The competitive landscape pertaining to the connected agriculture is also facilitated in the research report. The arrival of technologies that will agitate growth of this market is further considered in the report.

The connected agriculture market is geographically segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The rapid growing region in the global connected agriculture market is Asia Pacific. The highest market share of connected agriculture is witnessed by North America.

The prominent players operating in the global connected agriculture market include Deere & Co., Raven Industries, Inc., Trimble Navigation Ltd., AGCO Corporation, AgJuction Inc., AG Leader Technology, Iteris Inc., SST Development Group, Inc., Hexagon AB, and TeeJet Technologies.

Water and irrigation management, breeding and feed management, crop scouting, production observation and preservation, animal tracking and navigation, and agriculture finance and insurance management are the sectors covered  in production planning and management application. Collecting real-time information in terms of farm irrigation, animal health, feeding behaviour, hygiene, location tracking, crop production, and insurance among others, to improve the crop, farm and livestock management process, enhance the productivity, and the quality of production are possible through connected agriculture solution and services.

The farmers are greatly in search for solutions embedded with innovative technologies due to carelessness in planting, weather ambiguity, pests and disease outbreaks, increasing labour rates, and other intangible issues. The usage of connected agriculture solution to analyze and interlink information related to field, crop, types of seeds, types of soil or infestations, weather, and control variations in the field to grow more crops with aid of less resources and minimum production cost are included in pre-production planning and management. Thus, over the projected years the pre-production planning and management segment is estimated to record huge market share of the connected agriculture.

This research report categorizes the connected agriculture market to forecast revenues and analyze trends in each of the following submarkets:

On the basis of component, the connected agriculture market has been segmented as follows
•    Solution
•    Platforms
•    Services

On the basis of platforms, the Connected Agriculture Market has been segmented as follows
•    Device Management
•    Application Enablement
•    Connectivity Management

On the basis of services, the connected agriculture market has been segmented as follows
•    Consulting
•    Integration and Implementation
•    Support and Maintenance

On the basis of application, the Connected Agriculture Market has been segmented as follows
•    Pre-Production Planning and Management
•    In-Production Planning and Management
•    Post-Production Planning and Management

On the basis of regions, the connected agriculture market has been segmented as follows
•    North America
o    US
o    Canada

•    Europe
o    UK
o    Germany
o    France
o    Rest of Europe

•    APAC
o    Australia and New Zealand (ANZ)
o    China
o    Japan
o    Rest of APAC

•    MEA
o    Kingdom of Saudi Arabia (KSA)
o    South Africa
o    Israel
o    Rest of MEA

•    Latin America
o    Brazil
o    Mexico
o    Rest of Latin America


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