Market Highlights:

According to Market Research Future analysis, connected agriculture market is expected to reach USD ~3 billion by the end of the forecast period at a CAGR of 17% during the forecast period 2017-2023.The connected agriculture has been comprised of component and applications. The component is segmented into solutions service and platforms.

The upsurge in a change in climatic conditions all over the world has an adverse impact on the agriculture sector. Crops that have been grown by the farmers irrespective of the season suffer from the low-quality output, thus, the farmers are unable to get the fair prices of the crops produced. Connected agriculture facilitates solutions, services, and platform in providing up to date information, which offers a good assistance for farmers in cultivating the crops.

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Connected agriculture offers solutions in terms of smart water management system, asset management, and network management. Tropical countries such as India, Bangladesh, and Indonesia are deeply affected by abrupt climatic conditions, which leads to a shortage of water supply in the agricultural fields eventually increase the demand for smart water and irrigation system. The smart water management system offers sensors, which detect the level of moisture that is required for the crops and allows the necessary level of water in the fields. Therefore, smart water management system is expected to be a fastest growing segment in Asia Pacific region.

Connected enterprises are further segmented on the basis of application such as farming planning and management, smart logistics, and agriculture finance. Through connected enterprises, farmers are able to get the information about the prices of the commodity in the market, government schemes related to the agricultural sectors. Therefore, rising mobile service for farmers is expected to drive the agriculture finance sub-segment in the Asia Pacific region over the review period 2017-2023.

On the other hand, lack of technical knowledge of operational capabilities of technology is expected to hinder the market growth over the forecast period.

Key Players

Market Research Future (MRFR) recognizes the following prominent players in connected agriculture Market are AG Leader Technology (U.S), Microsoft Corporation (U.S), IBM Corporation (U.S), Cisco Systems Inc (U.S),, AT&T (U.S), Accenture PLC (Ireland), SAP A.G (Germany), Orange Business Services (France), Epicor Software Corporation(U.S). Vodafone Group PLC (U.K), SAGE (U.K), Syspro Technologies (U.S) , Raven Industries, Inc (U.S), AGCO Corporation (U.S).

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Segmentations:

Connected enterprises are further segmented on the basis of application such as farming planning and management, smart logistics, and agriculture finance. Through connected enterprises, farmers are able to get the information about the prices of the commodity in the market, government schemes related to the agricultural sectors. Therefore, rising mobile service for farmers is expected to drive the agriculture finance sub-segment in the Asia Pacific region over the review period 2017-2023.

On the other hand, lack of technical knowledge of operational capabilities of technology is expected to hinder the market growth over the forecast period.

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Regional Analysis

Connected agriculture market is geographically segmented into North America, Europe, Asia Pacific Latin America, and the Middle-East & Africa. North-American region is expected to be the prominent player among the regions due to advanced agricultural techniques and robust agricultural infrastructure and facilities are expected to drive the connected agriculture market. The U.S. and Canada are the leading countries in the North American region. Asia Pacific region is expected to have a significant growth over the forecast period. Emerging economies, such as India and China, lack the essential technology required for the agricultural sector, possess an ocean of opportunities, which is presumed to drive the market over the forecast period.

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