Connected Agriculture Industry Size, Analytical Overview, Growth Factors, Demand and Trends Forecast 2024–2030
The Global Connected Agriculture Industry Size is poised for significant growth, according to a recent publication by Fortune Business Insights, Inc. This trend is fueled by the ever-evolving fashion landscape, where manufacturers must constantly adapt and innovate to stay ahead of the curve.
The global Connected Agriculture Market size is expected to grow from USD 1.84 billion in 2018 to USD 7.22 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period.
The latest global forecast report provides a comprehensive outlook on Connected Agriculture Industry share, offering invaluable insights into emerging trends in 2024, market dynamics, and growth opportunities on a global scale. This meticulously researched report delves into the intricate details of various sectors, providing stakeholders with a roadmap to navigate the ever-evolving landscape of the global economy.
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Connected Agriculture Industry Statistics:
USD 7.22 billion by 2026,
USD 1.84 billion in 2018
CAGR: 19.1
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Factors Driving Growth in the Connected Agriculture Market Size:
Numerous factors contribute to the robust expansion of the Connected Agriculture Market Size, shaping its dynamic growth trajectory. Firstly, the increasing adoption of connected technologies in agriculture is driven by their transformative capabilities in optimizing farming processes. From precision farming to smart irrigation systems, connected agriculture technologies revolutionize traditional practices, thereby significantly impacting the overall size of the Connected Agriculture Market.
Secondly, the escalating demand for data-driven decision-making in agriculture plays a pivotal role in shaping the market’s size. As farmers and agribusinesses seek ways to enhance productivity and sustainability, the adoption of connected devices and analytics tools becomes imperative. This trend aligns with the industry’s commitment to providing innovative solutions that cater to the evolving landscape of modern agriculture.
Additionally, the integration of IoT (Internet of Things) devices in agriculture further propels market growth. Connected agriculture leverages IoT to enable real-time monitoring of crops, livestock, and environmental conditions. This data-driven approach contributes to improved resource management, efficient crop yield predictions, and enhanced overall agricultural productivity. The interconnected ecosystem formed by IoT devices reinforces the overall size and influence of the Connected Agriculture Market.
As agriculture continues to embrace digital transformation through connected technologies, the Connected Agriculture Market Size is poised for sustained growth. The strategic deployment of IoT devices, data analytics, and smart farming solutions underscores the industry’s dedication to delivering cutting-edge solutions that address the evolving needs of the global agriculture sector.
List of Top Companies in Connected Agriculture Industry:
- 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.
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Regional Analysis of Connected Agriculture Industry:
- North America: North America is a leading region in the global connected agriculture market, driven by advanced agricultural practices, technological innovation, and the adoption of precision farming techniques. The United States, in particular, is a key contributor to the market, with farmers and agribusinesses leveraging connected agriculture solutions to optimize crop yields, reduce resource usage, and enhance sustainability. Major players in the region offer a wide range of technologies, including IoT (Internet of Things) sensors, drones, and farm management software, to collect and analyze data for decision-making. Additionally, collaborations between agricultural stakeholders, technology providers, and research institutions drive innovation and market growth in North America.
- Europe: Europe’s connected agriculture market is growing steadily, propelled by initiatives to modernize farming practices, address food security challenges, and promote sustainable agriculture. Countries like the United Kingdom, Germany, and France are key markets for connected agriculture solutions, with farmers adopting technologies to monitor soil health, optimize irrigation, and manage livestock more effectively. The European Union’s agricultural policies and funding programs support the adoption of precision farming technologies and encourage digitalization across the agricultural value chain. Moreover, the integration of satellite imaging, AI (Artificial Intelligence), and blockchain technology further enhances the capabilities of connected agriculture solutions in Europe.
- Asia-Pacific: The Asia-Pacific region represents a significant growth opportunity for the connected agriculture market, driven by increasing population growth, rising demand for food, and the need to improve agricultural productivity. Countries like China, India, and Australia lead connected agriculture adoption, with farmers embracing technologies to overcome challenges such as land scarcity, water scarcity, and labor shortages. The region’s large agricultural sector, coupled with government initiatives promoting smart farming and rural development, fuel demand for connected agriculture solutions. Additionally, the emergence of agri-tech startups, mobile-based farming applications, and precision agriculture services contribute to market growth in Asia-Pacific.
- Latin America: Latin America’s connected agriculture market is evolving, driven by efforts to modernize traditional farming practices, increase agricultural efficiency, and promote sustainable land management. Countries like Brazil, Argentina, and Mexico are emerging markets for connected agriculture solutions, with farmers adopting technologies to monitor crop health, optimize fertilizer usage, and reduce environmental impact. Despite challenges such as rural connectivity issues and access to technology, governments and agribusinesses in Latin America invest in digital infrastructure and capacity building to support the adoption of connected agriculture solutions. Moreover, partnerships between technology providers, agricultural cooperatives, and government agencies drive innovation and market expansion in the region.
- Middle East and Africa (MEA): The MEA region is gradually embracing connected agriculture as part of efforts to enhance food security, increase agricultural productivity, and promote economic development in rural areas. Countries like South Africa, Kenya, and Morocco lead connected agriculture adoption, with initiatives focusing on precision farming, agri-tech incubation, and sustainable agriculture practices. Despite challenges such as water scarcity and climate variability, governments and international organizations invest in smart agriculture projects and digital infrastructure to support the adoption of connected agriculture solutions. Moreover, collaborations between agri-tech startups, research institutions, and agricultural extension services facilitate knowledge transfer and technology diffusion in MEA’s agriculture sector.
Market Segmentation:
The Market Segmentation section provides a detailed analysis of Connected Agriculture Industry 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 Industry segmentation, this report equips stakeholders with the tools needed to make informed decisions, enhance customer satisfaction, and stay ahead of evolving market dynamics.
Table of Contents
Industry Overview:
- Market definition and segmentation
- Industry trends and drivers
- Regulatory environment
Connected Agriculture Industry Size and Forecast:
- Historical market size and growth
- Current market size and trends
- Forecast for the future
Competitive Landscape:
- Key players in the market
- Market share analysis
- SWOT analysis of major competitors
Customer Analysis:
- Target customer demographics
- Buying behavior and preferences
- Customer satisfaction and feedback
Product/Service Analysis:
- Overview of products/services in the market
- Features and benefits
- Pricing strategies
Connected Agriculture Industry Trends:
- Emerging trends in the industry
- Technological advancements
- Shifts in consumer behavior
TOC Continued…
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