2024: A Breakthrough Year for the connected agriculture market
Fortune Business Insights has published a new research report on “Connected Agriculture Market Size 2024”. The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
The Connected Agriculture Market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter’s Five Forces Analysis.
Connected Agriculture Market Statistics:
USD 7.22 billion by 2026,
USD 1.84 billion in 2018
CAGR: 19.1%
Major Trends in the Connected Agriculture Market
The Connected Agriculture market is experiencing rapid growth driven by technological advancements and the need to enhance agricultural efficiency and productivity. One major trend is the adoption of Internet of Things (IoT) technology in agriculture. IoT sensors and devices are being deployed across farms to collect real-time data on soil health, weather conditions, crop growth, and livestock behavior. This trend enables farmers to make data-driven decisions, optimize resource allocation, and improve crop yields. Another significant trend is the integration of big data analytics and artificial intelligence (AI) in connected agriculture solutions. These technologies analyze vast amounts of data from IoT devices to provide insights into crop management, predictive analytics for disease outbreaks, and recommendations for optimal farming practices.
Furthermore, there is a growing emphasis on precision agriculture techniques within connected agriculture systems. Precision agriculture utilizes GPS technology, drones, and automated machinery to precisely monitor and manage crops, reducing waste, minimizing environmental impact, and maximizing yield efficiency. This trend is driven by the increasing global demand for food security and sustainable farming practices. Additionally, there is a rise in the adoption of cloud-based platforms and mobile applications in connected agriculture. These platforms enable farmers to access real-time data, collaborate with agricultural experts, and remotely monitor farm operations from anywhere, enhancing operational efficiency and scalability.
Factors Driving Demand in the Connected Agriculture Market
Several factors are driving the demand for connected agriculture solutions worldwide. Firstly, the global population growth and changing dietary preferences are putting pressure on the agricultural sector to increase food production while minimizing resource use. Connected agriculture technologies offer solutions to optimize water usage, fertilizer application, and pest management, contributing to sustainable agricultural practices and food security. Secondly, climate change and unpredictable weather patterns are impacting agricultural productivity and crop yields. Connected agriculture solutions provide early warning systems and adaptive strategies based on real-time data, helping farmers mitigate risks and adapt to changing environmental conditions.
Moreover, government initiatives and policies promoting digital transformation in agriculture are driving the adoption of connected agriculture solutions. Governments are investing in infrastructure development, subsidies for technology adoption, and educational programs to encourage farmers to adopt smart farming practices. These initiatives aim to modernize agriculture, improve rural livelihoods, and ensure food supply chain resilience. Additionally, the COVID-19 pandemic has highlighted the importance of resilient food systems and accelerated the adoption of digital technologies in agriculture. Farmers are increasingly leveraging connected agriculture solutions to minimize physical contact, maintain supply chain continuity, and ensure food safety during global disruptions.
List of Top Companies in Connected Agriculture Market:
- IBM Corporation
- Microsoft
- Cisco Systems Inc.
- Iteris, Inc.
- Trimble Inc.
- Ag Leader Technology
- Decisive Farming
- GAMAYA
- SWIIM System, Ltd.
- Orange Business Services
- LINK LABS.
- Iteris Inc.
Fortune Business Insights’ comprehensive business report delves deep into these trends, offering valuable data and industry statistics. By leveraging this knowledge, businesses can develop informed strategies. Whether it’s partnering with established players, targeting specific niches, or investing in innovative technologies, the key lies in aligning strategies with the evolving Connected Agriculture Market size dynamics.
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Regional Analysis:
The Regional Analysis section of the Connected Agriculture Market share report provides a nuanced understanding of how geographical factors impact market dynamics and industry growth in 2024. By dissecting data on a regional level, stakeholders gain valuable insights into the unique challenges and opportunities specific to different areas. This in-depth examination of the Connected Agriculture Market size allows businesses to tailor strategies that are not only globally informed but also regionally relevant, ensuring a more targeted and effective approach.
Leading regions by Connected Agriculture Market share:
North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Market Segmentation:
The Market Segmentation section provides a detailed analysis of Connected Agriculture Market size detailing how the market is categorized based on various factors, enabling a more nuanced understanding of customer needs and preferences. This strategic approach helps businesses tailor their products, services, and marketing strategies to specific segments, optimizing overall market performance.
By offering a granular analysis of Connected Agriculture Market segmentation, this report equips stakeholders with the tools needed to make informed decisions, enhance customer satisfaction, and stay ahead of evolving market dynamics.
Key Questions Answered in This Report
- What was the size of the global Connected Agriculture Market in 2023?
- What is the expected growth rate of the global Connected Agriculture Market during 2024–2032?
- What are the key factors driving the global Connected Agriculture Market?
- What has been the impact of COVID-19 on the global Connected Agriculture Market?
- What is the breakup of the global Connected Agriculture Market based on the solution?
- What is the breakup of the global Connected Agriculture Market based on the service?
- What is the breakup of the global Connected Agriculture Market based on the technology?
- What is the breakup of the global Connected Agriculture Market based on the platform?
- What is the breakup of the global Connected Agriculture Market based on the application?
- What are the key regions in the global Connected Agriculture Market?
- Who are the key players/companies in the global Connected Agriculture Market?
- Who are the key players/companies in the global Connected Agriculture Market?
Table of Contents
1. Executive Summary
1.1 Overview
1.2 Key Findings
2. Introduction
2.1 Background
2.2 Scope and Objectives
2.3 Methodology
3. Connected Agriculture Market Growth Overview
3.1 Definition and Classification
3.2 Connected Agriculture Market Share Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Industry Challenges
4. Global Trends and Forecast
4.1 Overview
4.2 Connected Agriculture Market Share Trends
4.3 Industry Share and Future Outlook
4.4 Growth Prospects
5. Connected Agriculture Market Size Regional Analysis
5.1 North America
5.2 Europe
5.3 Asia-Pacific
5.4 Latin America
5.5 Middle East and Africa
6. Connected Agriculture Market Analysis
6.1 Connected Agriculture Market Key Players
6.2 Market Concentration
6.3 Competitive Landscape
6.4 SWOT Analysis
7. Market Segmentation
8. Conclusion
9. Recommendations
10. Appendix
TOC Continued…
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