USD 0.64 billion
Report ID: SQSG20H2004 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 62 | Figures: 75
Connected Agriculture Market size was valued at USD 0.64 billion in 2021 and is poised to grow from USD 2.77 billion in 2022 to USD 12.03 billion by 2030, growing at a CAGR of 18.9% in the forecast period (2023-2030).
In order to track, evaluate, and control agricultural activities and to raise the production and quality of produce, connected agriculture corresponds to smart, sophisticated agricultural methods. Digital technology advances have resulted in it being feasible to gather and use a lot of data, which will help agricultural activities become more insight-driven and maybe more effective and efficient. Connected agriculture seeks to offer real-time data on ground conditions, air humidity, and weather patterns as well as to make it possible for farmers, agribusinesses, fertilizer companies, and food and beverage industries to interact with possible customers, traders, and retailers in order to successfully plan for harvesting. Farm owners and companies will be able to manage their time more effectively on the farm while using fewer resources by deploying a variety of connected agricultural solutions.
US Connected Agriculture Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 0.64 billion
To get more reports on the above market click here to Buy The Report
The global connected agriculture market segmentation is based on component, application, and region. Based on component the market is segmented into solution and services. Based on application the market is segmented into pre-production management, in-production management, and post production management. Based on region the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Connected Agriculture Market Analysis by Component
The solution category has the biggest market share for connected agriculture globally. The ability to remotely monitor through connected agriculture solutions increases output yields and allows growers to enhance the growing process. By assisting them in predicting moisture levels and dryness, soil erosion, and other elements that promote crop growth, connected agricultural solutions assist farmers in increasing production output and improving the performance of their produce.
Over the projected timeframe, the services sector is expected to display a notable CAGR. Consulting, integration and implementation, assistance, and management are all included in the services section. Some of the key factors propelling the growth of the connected agriculture services market include rising demand for highly valued agricultural services, strict government regulations for advising and management in agriculture enterprises, and rising popularity of cutting-edge technologies.
Connected Agriculture Market Analysis by Application
In-production management is predicted to account for the biggest market share in connected agriculture globally. An increasing manufacturing rate with a relatively cheaper price is made possible by connected agriculture's in-production management section. Farmers can obtain actual information through in-production management to take proactive actions that contribute to the creation of high-yielding yields.
Pre-production management in connected agriculture is likely to develop, and its advantages are expected to last throughout the projected timeline. In connected agriculture, pre-production management aids agricultural producers and enterprises by offering pertinent information and advice on planning and management before production begins.
To get detailed analysis on other segments, Request For Sample Report
In 2021, majorly owing to the growing use of the technologies by small-scale farmers, North America accounted for the largest portion of the worldwide connected agriculture industry. Additionally, the farms in the area have modern farming equipment, which will help the market expand. During the projected period, increasing investments in cloud-based solutions and connected agriculture will also help this region connected agriculture market.
In the worldwide connected agriculture market, Asia-Pacific is projected to expand the fastest. In the global food chain market, Asia-Pacific is a focal area since it exports the most food and farming products. China, Japan, and India are among the nations in the region that are adopting connected agriculture solutions for more responsible use of the resources at hand.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Connected Agriculture Market Driver
Connected Agriculture Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Due to the established players in this industry who are the innovators of IoT devices, the intense competition is considerable. As a result, a small number of enterprises control a large portion of the market. The prominent competitors are concentrating on tactics including alliances, purchases, agreements, product launches, and regional expansions. For instance, in order to drive the digital agricultural revolution of Africa, AGRA and major technology company Microsoft announced in May 2022 that they were expanding their relationship.
Top Players in the Global Connected Agriculture Market
Connected Agriculture Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the largest market share for connected agriculture globally belongs to the solution category. Globally, connected agriculture is expected to have the largest market share for in-production management. In 2021, North America accounted for the largest share of the global connected agriculture market, largely because small-scale farmers were using technologies more and more.
|Market size value in 2021||USD 0.64 billion|
|Market size value in 2030||USD 2.77 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Connected Agriculture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Connected Agriculture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Connected Agriculture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Connected Agriculture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG20H2004