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Global Connected Agriculture Market 2021 analysis with Key Players, Applications, Trends and Forecasts

Connected Agriculture

Connected Agriculture Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Connected Agriculture market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Smart Irrigation to Dominate the Market

– As the world population grows, there is an increasing demand for crops, thus highlighting the need for smart irrigation practices. Smart irrigation practices help to decrease the loss of water caused by using the traditional system and control the amount of water flowing into the plants.
– Worldwide, over 330 million hectares are equipped for irrigation. Irrigated agriculture represents 20% of the total cultivated land, but contributes 40% of the total food produced worldwide.
– In order to support clients in moving towards agricultural water stewardship, the World Bank is strengthening its overall approach to water in agriculture.
– The Bank’s work on water in agriculture is supported by the Water in Agriculture Global Solutions Group (GSG), a membership-based organization which provides services to its members and other stakeholders interested in enhancing how water is used in agriculture in terms of sustainability, productivity, and equity.

Asia-Pacific to Witness the Highest Growth

– There have been latest cases of drones being used in agriculture in APAC region, which stress their popularity. For instance, Indian state of Maharasthra signed a partnership with the World Economic Forum (WEF) Centre for the Fourth Industrial Revolution exploring the use of drones for various governmental services, especially agriculture.
– The Department of Agriculture (DA) in the Philippines is evaluating the potential of drones in changing how seeds are planted, how fertilizers and pesticides are applied, and how crops are monitored. Moreover, the ministry of Japan set a goal to introduce agricultural drones for more than half of the land area planted with rice, wheat, and soy across Japan by fiscal 2022.
– Besides, created in partnership with the Inclusive Business Action Network (iBAN), a global initiative focused on scaling up inclusive business models, the Digital Directory serves to make digital solutions more visible to farmers and other agricultural stakeholders in Southeast Asia.
– All these factors will contribute significant;y to the growth of the market in the region over the forecast period.

Market Overview:

  • The global connected agriculture market has been valued at USD 2.86 billion in 2018 and is expected to grow at a CAGR of 17.08 % over the forecast period 2019 – 2024 to reach a market value of USD 5.97 billion by 2024. According to Department of Agriculture, the average farm size in 2017 was 444 acres which just takes time to monitor and check on. Also, the world needs to increase food production by almost 50% by 2050 to feed a population of nine billion, as per Food and Agriculture Organisation of the United States. Thus demand for connected agriculture is bound to grow in coming years.
  • – There are a number of applications of drone technology convergence with advanced image data analytics that can be utilized in the agriculture industry. Drones fitted with infrared, multispectral and hyperspectral sensors can analyse crop health and soil conditions precisely and accurately. Drones such as the DJI Agras MG-1 (DJI, 2017) are designed for precision variable rate application of liquid pesticides, fertilizers and herbicides.
  • – Demand for smart water practices is also a major factor dominating the market. Agriculture accounts for, on average, 70% of all water withdrawals globally, and an even higher share of “consumptive water use” due to the evapotranspiration requirements of crops. More productive and resilient agriculture requires a major shift in the way water, soil, nutrients and other agricultural resources are managed.
  • – However, there is a steep learning curve for farmers, especially in countries where literacy level is low. This is because connected agriculture involves setting up of IoT architecture and sensor networks. Getting farmers thoroughly acquainted with the concept of smart farming, and the tools/devices involved in it, is of the utmost importance.

    Key Manufacturers Like 

  • Cisco Systems
  • Inc.
  • IBM Corporation
  • SAP SE
  • Trimble Navigation Ltd.
  • Microsoft Corporation
  • Vodafone Group PLC
  • Accenture PLC
  • SWIIM System
  • Orange Business Services
  • Link Labs LLC.

    Scope of the Report:

  • Agricultural innovation is critical to feeding the world’s growing population while reducing the environmental impact of farming. Connected agriculture leads to increasing farm productivity while in the midst of climate change. It also improves the farming practices using network management, agriculture asset management, supervisory control and data acquisition.
  • Connected Agriculture market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Connected Agriculture market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Connected Agriculture market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Connected Agriculture market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Connected Agriculture market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Connected Agriculture ?
    • Who are Opportunities, Risk and Driving Force of Connected Agriculture market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Connected Agriculture space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Connected Agriculture market opportunities, market risk and market overview of the Market?

    Lastly, the Global Connected Agriculture Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Connected Agriculture Market Report:

    • To provide a detailed analysis of the market structure along with the Connected Agriculture market forecast of various segments and sub-segments of the Connected Agriculture market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Connected Agriculture market trends that influence the global Connected Agriculture market

    Detailed TOC of Connected Agriculture Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Emergence of BYOD (Bring Your Own Drone) in Connected Agriculture
    4.3.2 Upsurge in Demand for Smart Water Management Systems
    4.4 Market Restraints
    4.4.1 Steep Learning Curve Regarding Connected Agriculture
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Component
    5.1.1 Solution
    5.1.1.1 Network Management
    5.1.1.2 Agriculture Asset Management
    5.1.1.3 Supervisory Control
    5.1.2 Service
    5.2 By Application
    5.2.1 Smart Logistics
    5.2.2 Smart Irrigation
    5.2.3 Farming Planning and Management
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Cisco Systems, Inc.
    6.1.2 IBM Corporation
    6.1.3 SAP SE
    6.1.4 Trimble Navigation Ltd.
    6.1.5 Microsoft Corporation
    6.1.6 Vodafone Group PLC
    6.1.7 Accenture PLC
    6.1.8 SWIIM System
    6.1.9 Orange Business Services
    6.1.10 Link Labs LLC

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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