Global Connected Agriculture Market Driven by the economic disruption caused by COVID 19
Market Synopsis
According to the report by MRFR, the global connected agriculture market size 2020 was valued at USD 1 billion in 2016 and is poised to reach at approximately USD 3 billion by 2027, developing at a CAGR of 17% over the review period (2020-2027).
Market Scenario
Connected farming uses mobile communications to allow farmers to provide critical information such as weather forecasts, crop failure, best seed quality, soil moisture and quality, resources and techniques, and to make financial payments more available. Growing demand for mobile-based solutions and an rising number of telecom service providers are expected to drive over the forecast period the linked agricultural market. Furthermore, technological development such as the integration of the Internet of Things with Agriculture is assumed to be an opportunity for the linked agricultural sector over the forecast period. Technology enhancement has enabled firms to spend further in the agricultural and farming research and development sectors to provide real-time information and services.
Click Here to Get Sample Premium Report:
https://www.marketresearchfuture.com/sample_request/5218
It is slated that an increased number of telecom service providers and an increasing demand for advanced technology will drive the market over the forecast time. Big IT firms like Microsoft Corporation, IBM Corporations and CISCO Ltd are actively designing new technology to ease the pressure on farmers under the upgrade of current mobile technologies. At the other hand, it is anticipated that the lack of proper technical expertise and high deployment costs would impede the growth of the connected agricultural market over the forecast period.
Market Segmentation
The globally connected agriculture market is analyzed into component and application.
Based on the component, the connected agriculture market is segmented into solutions, services, and platform. Solutions are categorized into SCADA systems for agriculture, asset management, network management, and smart water management system. Services are divided into professional services and managed services. Additionally, Professional services include cintegration and deployment services, a onsulting services, nd support and maintenance services. Additionally, Platform is segmented into application enablement, device management, and connectivity management.
Application segment is sub-segmented into smart logistics, farming planning and management, smart irrigation, and agriculture finance. The agriculture finance includes micro-lending services, mobile information services, micro-insurance services, and mobile payments services.
Regional Outlook
Geographically, the market for linked agriculture is segmented into North America , Europe , Asia Pacific Latin America , and Middle East & Africa.
Due to advanced network infrastructure and the involvement of major IT firms such as Microsoft Corporation, Cisco System Inc, which are investing heavily in research and development for connected agriculture to innovate enhanced agricultural techniques for farmers, the North American region is expected to lead the global agricultural market over the forecast period. Moreover, the North-American region is expected to be the prominent player among the regions due to It is anticipated that advanced agricultural techniques and robust agricultural infrastructure and facilities will drive the connected agricultural market. The USA and Canada are North American region's leading countries.
The Asia Pacific area is expected to expand considerably over the forecast period. Emerging economies, like India and China, lack the essential technology needed for the agricultural sector, possess an ocean of opportunities presumably driving the market over the forecast period. In addition , an increasing number of telecommunications providers and mobile subscribers and a better ranking position do business in India easier.
Browse Full Report Detail:
https://www.marketresearchfuture.com/reports/connected-agriculture-...
Competitive Dynamics
The prominent players in connected agriculture market are AG Leader Technology (U.S), Microsoft Corporation (U.S), IBM Corporation (U.S), Cisco Systems Inc (U.S),, AT&T (U.S), Accenture PLC (Ireland), SAP A.G (Germany), Orange Business Services (France), Epicor Software Corporation(U.S). Vodafone Group PLC (U.K), SAGE (U.K), Syspro Technologies (U.S), Raven Industries, Inc (U.S), AGCO Corporation (U.S).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email:
[email protected]
Website:
https://www.marketresearchfuture.com
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation