Trends, Drivers and Vendor Forecasts for 2022-2026
Accelerating at a CAGR of 18.47%, the connected agriculture market is expected to post an incremental growth of $ 3.63 billion over the next five years. Ag Leader Technology, Cisco Systems Inc., Decisive Farming Corp., GAMAYA, International Business Machines Corp., Iteris Inc., Microsoft Corp., Orange SA, SWIIM System Ltd., and Trimble Inc. are among the key market players. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Connected Agriculture Market: Market Segments and Key Trends
The Connected agriculture market is segmented by Component (solution, platforms, and services) and Geography (North America, APAC, Europe, South America, and MEA). North America led the market with 36% of the market growth set to originate from this region during the forecast period. Knowledge gap between farmers and technology providers is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Connected Agriculture Market: Top Drivers to Boost Demand
The maximizing profits in farm operations is one of the primary factors driving the growth of the connected agriculture market. Connected agriculture technology enables farms to monitor and regulate remote operations and analyze several aspects of an agriculture farm. Smart or precision agriculture is rapidly emerging as a technology that will help farmers enhance productivity. Smart sensors, satellite imagery, and other cloud-based technologies help to maximize production output, and minimize the cost of resources. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
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