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The global connected agriculture market is expected to foresee significant growth. North America to lead the growth!

The connected agriculture market is expected to register a CAGR of around 20% over the period of 2021-2027. Connected agriculture is defined as the use of advanced technology solutions and services to improve, manage, and control pre-production, in-production, and post-production agricultural activities. These technologies provide proper skills and many useful techniques like proper usage of seeds and fertilizers, farm production, weather forecasting, transporting, storing, food processing, etc. Moreover, the growing demand for Agri-mobile driven solutions coupled with telecom service providers focusing on offering connected agriculture solutions to provide real-time data to the end customers is further expected to support market adoption of connected agriculture solutions. The demand for connected agriculture is also influenced by the increasing demand for advanced farming solutions to maximize crop production with minimum resources such as water, fertilizers, and seeds. In addition, the implementation of various connected agriculture solutions has helped farmers to do better time and crop management.

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Based on the component, the market is segmented into solutions and services. The solution segment is expected to dominate the connected agriculture market owing to the benefits as it enables remote monitoring through connected agriculture solutions and enables production yields to increase, allowing farmers to improve the growing process. Connected agriculture helps farmers to increase production output and improve the growing process and it also helps them to improve the quality of the crops grown, it also helps farmers to carry out financial transactions.

Based on application, the market is segmented into pre-production planning and management, in-production planning, and management, and post-production planning and management. The in-production management segment is expected to hold the majority of the market. Planning is an important factor due to the inherent uncertainty associated with weather financial risk. The pre-production management segment of connected agriculture helps in the production of good quality products, and a higher rate of production. Production planning and management allow farmers to access real-time data to make proactive decisions that help in the production of effective yields.

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For a better understanding of the market adoption of connected agriculture, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the rest of North America); Europe (UK, France, Germany, Spain, Italy and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to dominate the connected agriculture market and is expected to retain the spot during the forecast period. A major reason for the growth is the presence of a large number of connected agriculture solutions vendors. Also, continuous advancements in technology and a reduction in prices of agricultural equipment are some of the growth factors for the connected agriculture market in North America.

Some of the major companies in the market are Microsoft Corporation, IBM Corporation, AG Leader Technology, Cisco Systems Inc., AT&T, Accenture PLC, Orange Business Services, SAP SE, Epicor Software Corporation, and Syspro Technologies.

Connected Agriculture Market Segmentation

Market Insight, by Component

  • Solution
  • Services         

Market Insight, by Application

  • Pre-Production Planning and Management
  • In-Production Planning and Management
  • Post-Production Planning and Management

Market Insight, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K
    • France
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

• Microsoft Corporation
• IBM Corporation
• AG Leader Technology
• Cisco Systems Inc.
• AT&T
• Accenture PLC
• Orange Business Services
• Epicor Software Corporation
• Syspro Technologies

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