Connected Agriculture Market to Reach USD 7.22 billion by 2026, Driven by Advancements in Related Equipment, says Fortune Business Insights™
- Key Companies Covered are IBM Corporation, Microsoft, Cisco Systems Inc., Iteris Inc., Trimble Inc., Ag Leader Technology, Decisive Farming, GAMAYA, SWIIM System, Ltd., Orange Business Services, LINK LABS
PUNE, India, Feb. 4, 2020 /PRNewswire/ -- The global Connected Agriculture Market size is projected to reach USD 7.22 billion by the end of 2026. The demand for smart water management will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled "Connected Agriculture Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Application (Pre-Production Management, In-Production Management, Post-Production Management) and Regional Forecast, 2019-2026," the market was worth USD 1.84 billion in 2018 and will exhibit a CAGR of 19.1% during the forecast period, 2019-2026.
The increasing demand for inventory and labor management in agricultural activities will create a wide adoption of connected agriculture across the world. Recent technological advancements in these systems have yielded products of high calibre. A few of the latest connected agriculture systems cater to the environmental-preservation needs. The increasing awareness regarding water consumption and shortages and contributions from government as well as private organizations will have a direct impact on the market in the coming years. Use of automated concepts such as artificial intelligence and machine learning have allowed improved efficacies. The rising demand for maximum product efficacies with minimum energy consumption will emerge in favor of the companies operating in this market.
To gain more insights into the market with detailed table of content and figures, click here:
https://www.fortunebusinessinsights.com/connected-agriculture-market-102061
Report Overview:
The report provides a thorough analysis of the global Connected Agriculture Market across five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It analyzes the ongoing trends in each of these regions and highlights the products that have witnessed the highest demand. Besides this, it highlights the factors that have had the highest impact on the market in recent years. The competitive landscape has been discussed in detail and predictions have been made with respect to leading companies and the strategies adopted by these companies. Moreover, the report includes market figures for a forecasted period of 2019-2026.
Major Drivers:
- Increasing Demand for Smart Water Management: With regard to the ongoing issues surrounding global warming and excessive use of energy resources across the world, water saving is the focus of attention among major businesses and activists around the world. Water shortages across the world have brought about the need for sustainable devices and products favouring less consumption and maximum output. The use of connected agriculture caters to the aforementioned factors.
- Increasing Penetration of Smartphone and Internet: As connected agriculture includes the use of smartphone and applications, the increasing usage of internet creates a huge platform for market growth. In a bid to establishing a stronghold in the market, several companies are promoting the use of connected agriculture equipment by developing mobile phone applications. This will not only help the company generate substantial market revenue, but will encourage the use of connected agriculture devices across the world.
Request a Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/connected-agriculture-market-102061
Regional Analysis:
High Investment in Product R&D to Aid Growth of the Market in North America
The market in North America is projected to account for a comparatively higher share over other regions. The emphasis on development of advanced farming technologies by major companies has been key to the growth of the market in this region. Moreover, the growing investment in the development of these products, and encouragement by government as well as private organization will aid the growth of the market in this region. "Driven by increasing use of AI and predictive analysis, connected agriculture is gaining rapid popularity across the United States," said a lead analyst at Fortune Business Insights. As of 2018, the regional market was valued upward of USD 626.7 million.
List of Key Companies Profiled in the Connected Agriculture Market Report Include:
- IBM Corporation
- Microsoft
- Cisco Systems Inc.
- Iteris Inc.
- Trimble Inc.
- Ag Leader Technology
- Decisive Farming
- GAMAYA
- SWIIM System, Ltd.
- Orange Business Services
- LINK LABS
Noteworthy Industry Developments:
- December 2018: Tech-giant IBM announced a collaboration with agro-based 'HelloTractor'. Through this collaboration, IBM plans to introduce an advanced agricultural analytics as well as decision-making platform.
- October 2018: Microsoft announced that it plans to implement a new set of scalable aerial measurements and data solutions concept, aimed at agriculture. The company plans to collaborate with Slant Range Inc. and will look to maximize its utilities for the same.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/connected-agriculture-market-102061
Table of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Industrial Use Cases
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Global Connected Agriculture Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- Solutions
- Services
- Consulting
- Integration and Implementation
- Support and Maintenance
- By Application (Value)
- Pre-Production Management
- In-Production Management
- Post-Production Management
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Request for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/connected-agriculture-market-102061
(Have a Look at Reports Trending in Information & Technology Industry)
Browse Related Reports:
Artificial Intelligence (AI) Market Size, Share and Global Trend by Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Geography Forecast till 2026
Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026
Aerial Imaging Market Size, Share and Industry Analysis By Camera Orientation (Oblique, Vertical), Platform (Fixed-Wing Aircraft, Helicopter, UAV/Drones), End-Use Industry (Government, Energy Sector, Defense, Forestry and Agriculture, Real Estate, Civil Engineering, Insurance) And Regional Forecast, 2018-2025
Home Automation Market Size, Share and Industry Analysis by Product Type (Luxury, Mainstream, Managed, DIY Do It Yourself Home Automation System), Application (Safety and Security, Lighting, Entertainment, Heating, Ventilation and Air conditioning), Networking Technology (Wired & Wireless) and Regional Forecast 2018-2025
Blockchain Technology Market Size, Share and Industry Analysis by Product Type (Vertical Solutions, Blockchain-as-a-Service), Deployment, Industry Vertical (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Ent., Retail & Consumer Goods, Travel and Transportation), and Regional Forecast 2018-2025
Identity And Access Management Market Size, Share and Industry Analysis By Component (Provisioning, Directory Services, Single Sign-On, Others), By Deployment Model (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical (BFSI, IT and Telecom, Retail and Consumer Packed Goods, Others) And Regional Forecast 2019-2026
Contact Center Software Market Size, Share and Industry Analysis By Component (Solutions & Services), By Organization Size (Large & Small & Medium Enterprises (SMEs)), By Deployment (Cloud & On-Premises), By Vertical (Banking, Financial Services, and Insurance, IT and Telecom, Government, and others), and Regional Forecast, 2019-2026
Fleet Management Software Market Size, Share and Industry Analysis By Component (Solutions, Services), Solutions (Operations Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics and Reporting), Services (Professional, Managed), Fleet Type (Commercial Fleet, Passengers Cars), Deployment (Cloud, On-Premise) and Regional Forecast 2019-2026
Energy Management System Market Size, Share, and Industry Analysis By Type (System, Services), By End-User (Oil and Gas, Manufacturing, Building Automation, Energy and Utilities, Automotive, Pharmaceutical, and Others) and Regional Forecast, 2019 – 2026
Cyber Security Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2019 – 2026
Location-Based Services (LBS) Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Location Type (Indoor, Outdoor), By Application (Emergency Services, Tracking Services, Navigation Services, Others), By End-User (BFSI, IT and Telecommunications, Retail, Transportation and Logistics, Government, Healthcare and Life Sciences, Manufacturing) and Regional Forecast, 2019-2026
About us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: [email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release- https://www.fortunebusinessinsights.com/press-release/connected-agriculture-market-9554
Photo: https://mma.prnewswire.com/media/1086004/Connected_Agriculture_Market.jpg
Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg
Share this article