Connected Agriculture Market: Current Analysis and Forecast (2021-2027)

The Connected Agriculture market is expected to register a CAGR of around 20% over the period of 2021-2027. Connected agriculture is defined as the use of advanced technology solutions and services to improve, manage, and control pre-production, in-production, and post-production agricultural activities. These technologies provide proper skills and many useful techniques like proper usage of seeds and fertilizers, farm production, weather forecasting, transporting, storing, food processing, etc. Moreover, the growing demand for Agri-mobile driven solutions coupled with telecom service providers focusing on offering connected agriculture solutions to provide real-time data to the end customers is further expected to support market adoption of connected agriculture solutions. The demand for connected agriculture is also influenced by the increasing demand for advanced farming solutions to maximize crop production with minimum resources such as water, fertilizers, and seeds. In addition, the implementation of various connected agriculture solutions has helped farmers to do better time and crop management.

Some of the major companies in the market are Microsoft Corporation, IBM Corporation, AG Leader Technology, Cisco Systems Inc., AT&T, Accenture PLC, Orange Business Services, SAP SE, Epicor Software Corporation, and Syspro Technologies.

Insights Presented in the Report:

"Amongst Component, solutions category accounted for the majority share in the market in 2020"

Based on the component the market is segmented into solutions and services. The solution segment is expected to dominate the connected agriculture market as it enables remote monitoring through connected agriculture solutions and enables production yields to increase further allowing farmers to improve the growing process. Connected agriculture helps farmers to increase production output and improve the growing process. It also helps them to improve the quality of the crops grown, it also helps farmers to carry out financial transactions.

"Amongst Application, in production planning and management is expected to witness highest CAGR during the forecast period"

By Application, the market is segmented into pre-production planning & management, in-production planning & management, and post-production planning & management. The in-production management segment is expected to hold the majority of the market. Planning is an important factor due to the inherent uncertainty associated with whether, financial risk. the production management segment of connected agriculture helps in the production of good quality products and a higher rate of production. Production planning and management allow farmers to access real-time data to make proactive decisions that help in the production of effective yields.

"North America to witness significant growth during the forecast period"

North America is expected to dominate the connected agriculture market and is expected to retain the spot during the forecast period. A major reason for the growth is the presence of a large number of connected agriculture solutions vendors. Also, continuous advancements in technology and a reduction in prices of agricultural equipment are some of the growth factors for the connected agriculture market in North America. Farmers, growers, and traders in North America are moving toward digitalization through the adoption of agriculture solution, which utilizes various advanced technologies, such as IoT, AI big data, data analytics, and predictive analytics. Furthermore, there have been numerous government initiatives in countries like U.S. and Canada, to encourage the implementation of advanced farming technologies, which has further elevated North America's connected agriculture market growth.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The connected Agriculture market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.