Connected Agriculture Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMAG3456 | Last Updated On: Aug 30 2021 | No. of Pages: 180 | Available Formats

> Global Connected Agriculture Market Expected to reach a high CAGR By 2028: DataM Intelligence

Global Connected Agriculture Market is segmented By Component (Solution, Platforms, Services), By Application (Pre-Production Planning and Management, In-Production Planning and Management, Post-Production Planning and Management), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

Market Overview

The global connected agriculture market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)

Connected farming refers to the smart, advanced agricultural practices followed by the integration of innovative technologies to monitor, analyze and control agricultural activities, resulting in increased yield and quality of agricultural products. Advancements in digital technologies have made it possible to collect and leverage a large amount, which will help in making farming operations more insight-driven, and potentially more productive and efficient. In order to efficiently plan for harvesting, connected agriculture aims to provide real-time data on soil conditions, humidity levels and weather conditions and also to enable farmers, agribusinesses, fertilizer companies and food and beverage companies to communicate with potential buyers, traders and sellers. By implementing various connected agricultural solutions, farmers and businesses will be able to do better time management at the farm level with less use of resources.

Source: DataM Intelligence Analysis (2021)

Market Dynamics

Increasing demand for smart water management 

The water management for agriculture is an essential factor to inflate crop yields with decreased costs while contributing to environmental stability. Agriculture leaders are worried about the scarcity of water and are working on ways to improve the management of water in agriculture. Water management applications in connected agriculture, which embrace the IoT, mobile applications, big data analytics, and decision support system are servicing to produce eco-friendly and optimized agricultural outputs for a growing population. In connected agriculture, sensors, IoT networks are programed to collect data related to an individual plant’s water usage, total water usage, soil moisture, and others. Water management processes can also be automated with well-designed integrations to use basic water-saving techniques, allowing farmers time to manage manual work.

Moreover, mobile technology plays an important role in the worldwide adoption of connected farming techniques. More than 60 percent of farmers worldwide now use smartphones and tablet computers, according to the Farm Journal Media Survey in February 2015. The use of smartphones among farmers has been steadily rising since 2009 and is expected to grow extensively in the coming years. Smartphone has become a new farming tool for farmers around the world, as it is integrated with numerous agricultural-related user-friendly applications (apps). Smartphones help farmers gain accurate information on climate data and changes in the weather, helping them to prepare which crops to grow, when to harvest, and so on. For aerial imaging and record keeping, smartphones can be used, which tasks are recommended by experts. Growers can load field data and then, by using their cell phones, grid the details based on acres. The introduction of mobile technology into farm operations is therefore expected to provide the connected agricultural market with opportunities.

However, lack of awareness among end users and high capital investment for establishing connected agriculture infrastructure is expected to act as a restraint for the market growth.  Farmers or growers have to make huge investments in drones, Geographic Information Systems (GIS), and Global Positioning Systems (GPS) to collect input data, variable rate technology, and satellite devices, among others.

Market Segmentation

In-production management segment to augment the market growth

The global connected agriculture market has been segmented by application into pre-production management, in-production management and post-production management. The In-production management segment is expected to hold the largest share in the year 2019. The in-production management section of connected agriculture leads to a higher production rate with a lower cost per unit for good product quality. In-production management allows farmers to access real-time data to make proactive decisions that help in the production of effective yields. Pre-production management segment is expected to grow with a significant CAGR of xx% during the forecast period. It supports agricultural producers and businesses by providing relevant information and consulting about planning and management before production starts. 

Geographical Penetration

North America is expected to be holding the largest market share

By geography, North America is expected to dominate the global connected agriculture market. Numerous government initiatives have been undertaken in developing countries such as US and Canada to encourage the implementation of advanced farming technologies, which has elevated the North America’s connected agriculture market. Asia-Pacific is expected to be the fasted growing region in the global connected agriculture market. Asia-Pacific is a decisive region in the global food chain market accounting for highest amount of food and agricultural export. Countries in the region such as China, Japan, and India are embracing connected agricultural solutions for more sustainable use of available resources. The Department of Agriculture (DA) in the Philippines is evaluating the potential of drones in changing the way the seeds are planted, the way fertilizers and pesticides are applied, and the way crops are monitored. Moreover, the ministry of Japan set a goal to introduce agricultural drones for about half of the land planted with rice, wheat, and soy across Japan by 2022.

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

The global connected agriculture market is fragmented with presence of several players across various regions. Some of the key players of the market are Cisco Systems Inc., IBM Corporation, SAP SE, Trimble Navigation Ltd and Microsoft Corporation among others. They key players are focusing on strategies such as partnerships, acquisitions, agreements, product launches and geographical expansions. For instance, Microsoft partnered with SlantRange, a leading provider of remote sensing and analytics system for agriculture. This partnership enabled SlantRange to offer new aerial measurements and data solutions for the agriculture industry. The Weather Company, an IBM business, partnered with one of the leading Indian agro startups, AgroStar. The partnership aims at transforming the traditional agricultural operations in rural parts and enables farmers to make informed decisions to increase productivity. IBM partnered with Hello Tractor (on-demand mobile platform providing tractors) to include several technologies, including the Watson Decision Platform for Agriculture, blockchain, the Internet of Things (IoT) and IBM Cloud, to the app.

COVID-19 Impact: Decrease in sales of key players due to supply chain disruption

The spread of COVID-19 across the globe has contributed to supply chain disturbances across agricultural ecosystems, including the demand for connected agriculture. All 4 quarters of the financial year 2020 is expected to see negative growth. Some recovery is expected by the first quarter of 2021, and the market might start picking momentum by the end of 2021. In this scenario, it has been assumed that COVID-19 will have a minimum impact from the first quarter of 2021. Furthermore, the Covid-19 pandemic has deeply caused the agriculture sector as it slows down supply chains, delays logistics, and reduces workers in farmlands. Considering such a situation, we could say the virus has impacted the agriculture markets in a short period of time, but we also expect, the industry will quickly bounce back as governments are putting their efforts to ease the condition.

Why Purchase the Report?

  • Understand the current market scenario and viability of global connected agriculture over the forecast period.
  • Visualize the composition of the global connected agriculture market in terms of component, application to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global connected agriculture market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

 

Target Audience:

  • Agriculture Technology Companies
  • Farming Cooperatives
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

Table of Contents

Table of Contents

  1. Global Connected Agriculture Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Connected Agriculture Market -Key Trends and Developments

  3. Global Connected Agriculture Market – Executive Summary

    1. Market Snippet by Component
    2. Market Snippet by Application
  4. Global Connected Agriculture Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
        1. Emergence of BYOD (Bring Your Own Drone) in connected agriculture
        2. Upsurge in demand for smart water management systems
      2. Restraints
        1. Steep learning curve regarding connected agriculture
      3. Opportunities
    2. Impact analysis
  5. Global Connected Agriculture Market – Industry Analysis

    1. Porter's five forces analysis
    2. Value chain analysis
    3. Patent Analysis
    4. Regulatory Analysis
  6. Global Connected Agriculture Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global Connected Agriculture Market – By Component

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Component segment
      2. Market attractiveness index, By Component segment
    2. Solution*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
      3. Network Management
      4. Agriculture Asset Management
      5. Supervisory Control
    3. Platforms
      1. Device Management
      2. Application Enablement
      3. Connectivity Management
    4. Services
      1. Consulting
      2. Integration and Implementation
      3. Support and Maintenance
  8. Global Connected Agriculture Market – By Application

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
      2. Market attractiveness index, By Application Segment
    2. Pre-Production Planning and Management*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. In-Production Planning and Management
    4. Post-Production Planning and Management
  9. Global Connected Agriculture Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America*
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Component
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Component
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    4. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Component
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Component
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Component
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
  10. Global Connected Agriculture Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Market positioning/share analysis
    4. Mergers and acquisitions analysis
  11. Company Profiles
    1. Cisco Systems Inc.
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. IBM Corporation
    3. SAP SE
    4. Trimble Navigation Ltd
    5. Microsoft Corporation
    6. Vodafone Group PLC
    7.  Accenture PLC
    8. SWIIM System
    9. Orange Business Services
    10. Link Labs LLC(*List not Exhaustive*)
  12. Global Connected Agriculture Market – Premium Insights

  13. Global Connected Agriculture Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1 Global Connected AGRICULTURE MARKET Value, By Component, 2020, 2024 & 2028 ($ Million)

Table 2 Global Connected AGRICULTURE MARKET Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 3 Global Connected AGRICULTURE MARKET Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 4 Global Connected AGRICULTURE MARKET Value, By Component, 2020, 2024 & 2028 ($ Million)

Table 5 Global Connected AGRICULTURE MARKET Value, By Component, 2019-2028 ($ Million)

Table 6 Global Connected AGRICULTURE MARKET Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 7 Global Connected AGRICULTURE MARKET Value, By Application, 2019-2028 ($ Million)

Table 8 Global Connected AGRICULTURE MARKET Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 9 Global Connected AGRICULTURE MARKET Value, By Region, 2019-2028 ($ Million)

Table 10 North America Connected AGRICULTURE MARKET Value, By Component, 2019-2028 ($ Million)

Table 11  North America Connected AGRICULTURE MARKET Value, By Application, 2019-2028 ($ Million)

Table 12 North America Connected AGRICULTURE MARKET Value, By Country, 2019-2028 ($ Million)

Table 13 South America Connected AGRICULTURE MARKET Value, By Component, 2019-2028 ($ Million)

Table 14 South America Connected AGRICULTURE MARKET Value, By Application, 2019-2028 ($ Million)

Table 15 South America Connected AGRICULTURE MARKET Value, By Country, 2019-2028 ($ Million)

Table 16 Europe Connected AGRICULTURE MARKET Value, By Component, 2019-2028 ($ Million)

Table 17 Europe Connected AGRICULTURE MARKET Value, By Application, 2019-2028 ($ Million)

Table 18 Europe Connected AGRICULTURE MARKET Value, By Country, 2019-2028 ($ Million)

Table 19 Asia-Pacific Connected AGRICULTURE MARKET Value, By Component, 2019-2028 ($ Million)

Table 20 Asia-Pacific Connected AGRICULTURE MARKET Value, By Application, 2019-2028 ($ Million)

Table 21 Asia-Pacific Connected AGRICULTURE MARKET Value, By Country, 2019-2028 ($ Million)

Table 22 Middle East & Africa Connected AGRICULTURE MARKET Value, By Component, 2019-2028 ($ Million)

Table 23 Middle East & Africa Connected AGRICULTURE MARKET Value, By Application, 2019-2028 ($ Million)

Table 24 Cisco Systems Inc.: Overview

Table 25 Cisco Systems Inc.: Product Portfolio

Table 26 Cisco Systems Inc.: Key Developments

Table 27 IBM Corporation: Overview

Table 28 IBM Corporation: Product Portfolio

Table 29 IBM Corporation: Key Developments

Table 30 SAP SE: Overview

Table 31 SAP SE: Product Portfolio

Table 32 SAP SE: Key Developments

Table 33 Trimble Navigation Ltd: Overview

Table 34 Trimble Navigation Ltd: Product Portfolio

Table 35 Trimble Navigation Ltd: Key Developments

Table 36 Microsoft Corporation: Overview

Table 37 Microsoft Corporation: Product Portfolio

Table 38 Microsoft Corporation: Key Developments

Table 39 Vodafone Group PLC: Overview

Table 40 Vodafone Group PLC: Product Portfolio

Table 41 Vodafone Group PLC: Key Developments

Table 42 Accenture PLC: Overview

Table 43 Accenture PLC: Product Portfolio

Table 44 Accenture PLC: Key Developments

Table 45 SWIIM System: Overview

Table 46 SWIIM System: Product Portfolio

Table 47 SWIIM System: Key Developments

Table 48 Orange Business Services: Overview

Table 49 Orange Business Services: Product Portfolio

Table 50 Orange Business Services: Key Developments

Table 51 Link Labs LLC: Overview

Table 52 Link Labs LLC: Product Portfolio

Table 53 Link Labs LLC: Key Developments

List of Figures

Figure 1 Global Connected AGRICULTURE MARKET Share, By Component, 2020 & 2028 (%)

Figure 2 Global Connected AGRICULTURE MARKET Share, By Application, 2020 & 2028 (%)

Figure 3 Global Connected AGRICULTURE MARKET Share, By Region, 2020 & 2028 (%)

Figure 4 Global Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 5 Global Connected AGRICULTURE MARKET Y-o-Y Growth, By Component, 2020-2028 (%)

Figure 6 Solution: Global Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 7 Platform: Global Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 8     Services: Global Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 9 Global Connected AGRICULTURE MARKET Y-o-Y Growth, By Application, 2020-2028 (%)

Figure 10    Pre-Production Planning and Management: Global Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 11    In-Production Planning and Management: Global Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 12    Post-Production Planning and Management: Global Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 13    Global Connected AGRICULTURE MARKET Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 14    North America Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 15    North America Connected AGRICULTURE MARKET Share, By Component, 2020 & 2028 (%)

Figure 16    North America Connected AGRICULTURE MARKET Share, By Application, 2020 & 2028 (%)

Figure 17    North America Connected AGRICULTURE MARKET Share, By Country, 2020 & 2028 (%)

Figure 18    South America Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 19    South America Connected AGRICULTURE MARKET Share, By Component, 2020 & 2028 (%)

Figure 20   South America Connected AGRICULTURE MARKET Share, By Application, 2020 & 2028 (%)

Figure 21    South America Connected AGRICULTURE MARKET Share, By Country, 2020 & 2028 (%)

Figure 22   Europe Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 23   Europe Connected AGRICULTURE MARKET Share, By Component, 2020 & 2028 (%)

Figure 24   Europe Connected AGRICULTURE MARKET Share, By Application, 2020 & 2028 (%)

Figure 25   Europe Connected AGRICULTURE MARKET Share, By Country, 2020 & 2028 (%)

Figure 26   Asia-Pacific Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 27    Asia-Pacific Connected AGRICULTURE MARKET Share, By Component, 2020 & 2028 (%)

Figure 28   Asia-Pacific Connected AGRICULTURE MARKET Share, By Application, 2020 & 2028 (%)

Figure 29   Asia-Pacific Connected AGRICULTURE MARKET Share, By Country, 2020 & 2028 (%)

Figure 30   Middle East & Africa Connected AGRICULTURE MARKET Value, 2019-2028 ($ Million)

Figure 31    Middle East & Africa Connected AGRICULTURE MARKET Share, By Component, 2020 & 2028 (%)

Figure 32   Middle East & Africa Connected AGRICULTURE MARKET Share, By Application, 2020 & 2028 (%)

Figure 33   Cisco Systems Inc.: Financials

Figure 34   IBM Corporation: Financials

Figure 35   SAP SE: Financials

Figure 36   Trimble Navigation Ltd: Financials

Figure 37    Microsoft Corporation: Financials

Figure 38   Vodafone Group PLC: Financials

Figure 39   Accenture PLC: Financials

Figure 40   SWIIM System: Financials

Figure 41    Orange Business Services: Financials

Figure 42   Link Labs LLC: Financials

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Get your FREE SAMPLE PROPOSAL with a single click!

linkedinpinterest