Latest News- Connected Agriculture Market: Solutions expected to lead the Component segment during 2024-2028

The Connected Agriculture Market is being driven by Maximizing profits in farm operations

The Connected Agriculture Market is expected to grow at a CAGR of 21.48% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5904.2 million. In the realm of Connected Agriculture, automated irrigation systems play a pivotal role. These systems are categorized into four types: closed-loop, open-loop, volume-based, and time-based. Closed-loop systems utilize predefined irrigation capabilities for detailed water application decisions. Open-loop systems focus on irrigation quantity and timing. Volume-based systems deliver a set irrigation water amount. Time-based systems operate based on time-controlled irrigation. Advancements in AI technology and sensors enable individual visual recognition within herds, offering early warning systems against pest attacks, such as oriental fruit flies, thereby enhancing overall agricultural productivity. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Solution
  • Platforms
  • Services
• Application
  • In-production management
  • Post-production management
  • Pre-production management
• Technology
  • Network Management
  • Smart Water Management
  • Smart Irrigation
  • Smart Logistics
• Deployment
  • Cloud-based
  • On-premises
  •  
• Geography
  • North America
    • US
    • Canada
  • APAC
    • China
    • India
    • Japan
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • South America
    • Argentina
    • Brazil
  • Middle East and Africa
    • Egypt
    • KSA
    • Oman
    • UAE

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Maximizing profits in farm operations
• Need to monitor weather and climatic changes in agriculture
• Integration of IoT in farming

However, the market also witnesses some limitations, which are as follows:

• Knowledge gap between farmers and technology providers
• Implementation issues
• High capital investment to develop connected agriculture infrastructure

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Market Scope in Connected Agriculture Market Research Report

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Research Analysis Overview

In the dynamic realm of modern agriculture, the Connected Agriculture Market plays a pivotal role in optimizing farming activities through technological solutions. This market encompasses various aspects of farming, including irrigation, real-time information, and crop scouting. Operating systems and communication technologies facilitate configuration management and device management, ensuring seamless integration of data processing, data storage, and data communications. Governments, fertilizer companies, seed companies, grape wine growers, agribusinesses, farming cooperatives, livestock producers, growers, and farmers alike are embracing this digital transformation. Connected agriculture enables in-production, pre-production, and post-production monitoring, providing valuable insights for informed decision-making. The market's growth is driven by the increasing demand for enhanced productivity, improved efficiency, and sustainable farming practices.

Market Research Overview

In the realm of Connected Agriculture, the market encompasses businesses engaged in manufacturing and supplying advanced agricultural technology solutions. This comprises precision farming equipment, autonomous tractors, drones, livestock monitoring systems, and smart irrigation systems. Market expansion is fueled by the continuous introduction of innovative connected agriculture solutions, as industry players strive to broaden their offerings and cater to evolving farming needs. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/