Market Research Report
Connected Services and Big Data Analytics in the Global Farming Industry, Forecast to 2022
|Published by||Frost & Sullivan||Product code||557692|
|Published||Content info||85 Pages
Delivery time: 1-2 business days
|Connected Services and Big Data Analytics in the Global Farming Industry, Forecast to 2022|
|Published: August 30, 2017||Content info: 85 Pages||
Integration of Big Data Analytics with Connected Farm Equipment Signifies the Next Frontier of Competition
This study aims to research and analyse the development of Big Data Analytics and connected services in the farm equipment industry and to assess the value proposition of these connected services that address the expectations of farmers and transform their business practices. The farm equipment industry is witnessing another wave of industrial change through IT industry. The formation of smart connected products is creating new opportunities and new areas of business models. The farm equipment industry has evolved with new territory of connected services. New functionality, high reliability, and better product utilization are the evaluating parameters for these OEMs. The IoT wave has reshaped competitive factors and expanded industry boundary, from standard products to a system of smart connected products.
These products help integrate operations, and collect and transit real-time data from farm equipment to a farmer's dashboard. OEMs are now competing not just at the product-feature level but on the level of offering wholly connected, integrated solutions by connecting their products across various systems and various functions.
Market trends are analysed for the study period 2016 to 2022, with 2016 being the base year. Technologies covered in the study are Precision Agriculture, Big Data, IoT, and autonomous systems. Farm equipment, including tractors, harvesters, and sprayers are covered under the product scope of the study. The incorporation of Big Data analytics in farming and precision agriculture, a growing trend, is the key focus area in this study. The precision agriculture ecosystem consists of tractor OEMs, seeds and fertilizer manufacturers, technology companies, and hardware and software companies.
Companies covered in the competitive landscape of this study include John Deere, KUBOTA, Accenture, IBM, Intel, Videophone, Tech Mahindra, Mahindra & Mahindra, Trimble, Cisco, AT&T, CNH Industrial, and others.
The geographic scope of the study is global, which includes: Europe (all 28 European countries), Russia, United States, Brazil, Mexico, Africa (Kenya, Nigeria, Algeria, South Africa, Tanzania, and Uganda), Asia-Pacific (India, China, Japan, Thailand, Indonesia, Vietnam, Cambodia, and Australia).