Authored By: Sarah
17 Jun 2024

 Connected Agriculture Market to grow by USD 5904.2 million between 2024-2028

According to a research report “ Connected Agriculture Market” by Component (Solution, Platforms, Services) Application (In-production management, Post-production management, Pre-production management) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5904.2 million at a CAGR of  21.48% during the forecast period. In the agricultural sector, maximizing crop and livestock yields is crucial for profitability. Connected agriculture technology is revolutionizing farming practices by enabling remote monitoring and regulation of equipment, crops, and livestock. This innovative technology empowers farmers with real-time data analysis through smartphones, facilitating informed decisions for optimizing production and minimizing resource costs. Utilizing advanced tools such as smart sensors, satellite imagery, and cloud-based technologies, connected agriculture enhances agricultural deliverables and boosts overall business efficiency..

Browse market data tables, figures, and in-depth TOC on “Connected Agriculture Market” by Component (Solution, Platforms, Services) Application (In-production management, Post-production management, Pre-production management) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028.

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By Component, the Solution segment is projected to dominate the market size in 2024.

In the Connected Agriculture Market, businesses leverage technology to optimize farming operations. IoT sensors monitor crop health and soil conditions, while data analytics provide insights for improved yield and resource management. This digital transformation enhances efficiency, reduces waste, and increases profitability for agricultural enterprises.

By Application, In-production management  segment is expected to hold the largest market size for the year 2024.

In the Connected Agriculture Market, businesses leverage technology to optimize farming operations. IoT sensors monitor crop health and soil conditions, while data analytics provide insights for improved yield and resource management. This digital transformation enhances efficiency, reduces waste, and increases profitability for agricultural enterprises.

North America is forecasted to hold the largest market size by region in 2024.

In the Connected Agriculture Market, businesses leverage technology to optimize farming operations. IoT sensors monitor crop health and soil conditions, while data analytics provide insights for improved yield and resource management. This digital transformation enhances efficiency, reduces waste, and increases profitability for agricultural enterprises.

The Connected Agriculture Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Accenture Plc
  • Ag Leader Technology
  • AGCO Corp.
  • Cisco Systems Inc.
  • Decisive Farming Corp.
  • Deere and Co.
  • Epicor Software Corp.
  • Gamaya
  • International Business Machines Corp.
  • Iteris Inc.
  • Link Labs Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Orange SA
  • Sage Group Plc
  • SAP SE
  • SWIIM System Ltd.
  • Topcon Positioning Systems Inc.
  • Trimble Inc.
  • Vodafone Group Plc
.

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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 modern agriculture, Connected Agriculture Market plays a pivotal role in bridging the technological gap between farmers and advanced farming solutions. This market encompasses various educational and training programs that equip farmers with the necessary skills to leverage user-friendly applications (apps) on tablet computers for effective farm operations. Connected Agriculture Market caters to diverse sectors, including the agriculture industry, livestock producers, and farming cooperatives. It facilitates real-time information on weather conditions, climate data, and location tracking for farm irrigation and crop production. Moreover, Connected Agriculture Market offers advanced farming solutions such as drones for aerial imaging, farm equipment, fertilizers, and seeds. Price reduction and the availability of limited resources are crucial restraining factors in this market. However, the market's potential to address environmental problems like deforestation and global warming makes it an attractive proposition. Governments, fertilizer companies, seed companies, grape wine growers, and agribusinesses are significant contributors to the Connected Agriculture Market. The market's scope extends to pre-production, in-production, and post-production stages, encompassing data processing, data storage, data communications, and data sensing. Connected Agriculture Market's adoption is influenced by communication technologies, operating systems, and configuration management. The forecast period for this market is promising, with continuous advancements in agricultural technology and population growth driving food demand.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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