Connected Agriculture Market Size and Growth Analysis Report 2020


Posted December 22, 2020 by mohammedimtiaz

Growing need to increase per yield production and rising initiatives from the government to adopt new technologies are some of the driving factors of the global Connected Agricultures market.
 
Growing government initiatives promote the growth of Global Connected Agriculture Market
Market overview:
The Global Connected Agriculture Market valued at 1.78 billion US dollars in 2020 and is estimated to reach a valuation of 4.31 billion US dollars by 2025 at a CAGR of 19.3% during the conjecture period.

Market Drivers and Restrains:
Growing need to increase per yield production and rising initiatives from the government to adopt new technologies are some of the driving factors of the global Connected Agricultures market. Growing need to increase farm yield and reduce labor is also another major driving factor of connected agriculture business. Factors such as high capital investment for establishing connected agriculture infrastructure, lack of awareness among end users are some of the major restraints effecting the growth of global Connected Agriculture market.

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https://www.marketdataforecast.com/market-reports/connected-agriculture-market

Report is segmented as:
The global Connected Agriculture market is segmented according to component, platform, services and application.

By component, the market is segmented into solution, platform and services. By platform, the Connected Agriculture market is segmented into device management, application enablement and connectivity management. By services, the market is segmented into consulting, integration and implementation, support and maintenance. By application, the connected agriculture market is bifurcated into pre-production planning and management, In production planning and management, Post production planning and management.

Geographical Segmentation:
The global Connected Agriculture market was dominated by North America region owing to the presence of large number of connected agriculture solution vendors as well as continuous advancements in the technology. The Asia Pacific region is expected to hold the dominance of the market during the outlook period. Asia Pacific region holds the second largest share of the market due to the increasing initiatives taken
by the government.

Impact of COVID on Connected Agriculture Market
The coronavirus pandemic has affected the global Connected Agriculture market. The virus has forced many companies in the market to halt manufacturing and production operations due to the strict lockdown conditions imposed by the government authorities which in turn resulted huge losses for the companies. As per the analysis, the Connected Agriculture market is expected to increase the market revenue due to the increasing initiatives from the government, huge investments by the companies and also increasing demand in all the regions especially in the emerging countries like China, Japan and India in the Asia Pacific region.

Key market players:
Major players of Connected Agriculture includes Decisive Farming (Canada), Gamaya (Switzerland), Accenture (Ireland), Cisco (US), Oracle (US), Iteris (US), Trimble (US), SMAG (France), IBM (US), Microsoft (US), AT&T (US), Deere & Company (US), SAP SE (Germany), AG Leader Technology (US) and SatSure (UK).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Issued By Market Data Forecast
Country India
Categories Agriculture
Tags connected agriculture market
Last Updated December 22, 2020