The globally connected agriculture market is expected to grow from USD 1.94 billion in 2017 to USD 5.84 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 17.08%.
“Increasing need to increase farm yield and reduce labor
is one of the factors largely attributing to the growth of connected agriculture market globally”
The factors attributing to the growth of the market are increasing the need to increase farm yield and reduce labor, increase in overall global population captivating shift towards adoption of smart agriculture practices, government initiatives supporting modernizing the agriculture industry, and increasing use of BYOD devices in connected agriculture. However, some factors such as limited connectivity pose a hurdle in the wide penetration, and high cost of deployment may hinder the market growth. The globally connected agriculture market is expected to showcase the opportunities such as integration of smac technology in farm operations, and rising adoption of sensors, iot, and advanced farming techniques to enhance the efficiency of farm operations. In the near future, the market may face the possible challenges in the growth due to lack of know-how among farmers about advanced technology deployments, and loosely defined standards for data management in the agriculture industry. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global connected agriculture market.
On the basis of component, the globally connected agriculture market is studied across Services and Solutions.
On the basis of function, the globally connected agriculture market is studied across In-Production Planning and Management, Post-Production Planning and Management, and Pre-Production Planning and Management.
On the basis of platform, the globally connected agriculture market is studied across Application Enablement, Connectivity Management, and Device Management.
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On the basis of service, the globally connected agriculture market is studied across Consulting Services, Managed Services, Professional Services, Support & Maintenance, and Training & Education.
On the basis of geography, the global connected agriculture market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).
“AG Leader Technology: The potential growing player for the globally connected agriculture market”
The key players profiled in the globally connected agriculture market are AG Leader Technology, AT&T, Accenture, Bosch Software Innovations, Cisco, Decisive Farming, Deere & Company, Gamaya, IBM, Iteris, Microsoft, Oracle, SAP, SMAG, Satsure, and Trimble.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the globally connected agriculture market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the globally connected agriculture market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the globally connected agriculture market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the globally connected agriculture market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the globally connected agriculture market.
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TABLE OF CONTENTS
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Instruments
220.127.116.11. Secondary Instrument
18.104.22.168. Primary Instrument
2.1.2. Research Approaches
22.214.171.124. Bottom-up Approach
126.96.36.199. Top-down Approach
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.1.5. Vendor Inclusion Criteria
2.2. Forecasting Methodology
2.2.1. Methodology for Market Estimation & Forecasting
2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary
4. Premium Insight
4.1. Market Connectivity
4.2. Market Data Feed
4.3. Market Vendor Ranking Analysis
4.4. Market Dynamics
188.8.131.52. Increasing need to increase farm yield and reduce labour
184.108.40.206. Increase in overall global population captivating shift towards adoption of smart agriculture practices
220.127.116.11. Government initiatives supporting modernizing the agriculture industry
18.104.22.168. Increasing use of BYOD Devices in connected agriculture
22.214.171.124. Limited connectivity poses hurdle in the wide penetration
126.96.36.199. High cost of deployment
188.8.131.52. Integration of SMAC technology in farm operations
184.108.40.206. Rising adoption of sensors, IoT, and advanced farming techniques to enhance the efficiency of farm operations
220.127.116.11. Lack of know-how among farmers about advance technology deployments
18.104.22.168. Loosely defined standards for data management in the agriculture industry
4.5. Porter’s Five Forces Analysis
4.5.1. Threat of New Entrants
4.5.2. Threat of Substitutes
4.5.3. Bargaining Power of Customers
4.5.4. Bargaining Power of Suppliers
4.5.5. Industry Rivalry
4.6. Technology Trends
4.6.1. Autonomous and Robotic Labour
4.6.2. Driverless Tractors
4.6.3. Automatic Watering and Irrigation
4.6.4. Drones for Imaging and Planting
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