Connected Agriculture Industry Trends 2024 | exhibiting a CAGR of 19.1%

The global Connected Agriculture Industry 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%

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.

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 Industry size dynamics.

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Regional Analysis:

The Regional Analysis section of the Connected Agriculture Industry 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 Industry 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 Industry 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 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.

Key Questions Answered in This Report

• What was the size of the global Connected Agriculture Industry in 2023?
• What is the expected growth rate of the global Connected Agriculture Industry during 2024–2032?
• What are the key factors driving the global Connected Agriculture Industry?
• What has been the impact of COVID-19 on the global Connected Agriculture Industry?
• What is the breakup of the global Connected Agriculture Industry based on the solution?
• What is the breakup of the global Connected Agriculture Industry based on the service?
• What is the breakup of the global Connected Agriculture Industry based on the technology?
• What is the breakup of the global Connected Agriculture Industry based on the platform?
• What is the breakup of the global Connected Agriculture Industry based on the application?
• What are the key regions in the global Connected Agriculture Industry?
• Who are the key players/companies in the global Connected Agriculture Industry?
• Who are the key players/companies in the global Connected Agriculture Industry?

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 Industry Growth Overview

3.1 Definition and Classification

3.2 Connected Agriculture Industry 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 Industry Share Trends

4.3 Industry Share and Future Outlook

4.4 Growth Prospects

5. Connected Agriculture Industry 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 Industry Analysis

6.1 Connected Agriculture Industry 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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