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Data Bridge Market Research has unveiled a new report called “Connected Agriculture Market“ which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The Connected Agriculture marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
Data Bridge Market Research analyses that the connected agriculture market, which was USD 3.62 billion in 2022, is expected to reach USD 14.98 billion by 2030, at a CAGR of 19.43% during the forecast period 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Connected Agriculture Market Dynamics
Drivers
- Growing focus to improve the crop cultivation will drive the market growth
Farmers can increase crop production using connected agriculture while spending less money and exerting less effort than they would using conventional farming techniques. By enabling farmers to skillfully use time and resources in the proper combination to more precisely evaluate the ideal sowing density, estimate fertilisers, and predict crop yields, connected agriculture increases production. Today’s farmers depend on modern agricultural innovations including the use of cell phones and other connected equipment. Modern linked technologies such as low power wide area (LPWA), WiFi, Zigbee, and new wireless sensor technologies let farmers plan and carry out a variety of agricultural operations including, acquiring supplies, keeping track of inventories, planting crops at the right time, and so on.
Opportunities
- COVID-19 brought about a revolutionary change in the integration of AI
Artificial intelligence (AI) has received attention as a result of the Covid epidemic. To obtain insightful knowledge, such as when to sow seeds, which crops to chose, which hybrid seeds to select for higher yields, and other things, artificial intelligence and machine learning models employ data in real-time. Precision farming, also referred to as artificial intelligence systems, is helping to improve the overall quality and accuracy of harvests. The identification of pests, plant diseases, and undernutrition in farms is made easier by AI technology. Before selecting a herbicide, artificial intelligence (AI) sensors can recognise and target weeds. Therefore, integration of such advanced technology in agriculture will act as a market growth opportunity in the long run.
Some Of The Major Players Operating In The Connected Agriculture Market Are:
- Cisco Systems Inc., (U.S.)
- Microsoft (U.S.)
- IBM (U.S.)
- SAP SE (U.S.)
- Oracle (U.S.)
- AT&T Intellectual Property (U.S.)
- Deere & Company. (U.S.)
- Accenture (Ireland)
- Iteris, Inc. (U.S.)
- Trimble Inc. (U.S.)
- SMAG (France)
- Ag Leader Technology (U.S.)
- TELUS Agriculture Solutions Inc. (Canada)
- (Switzerland)
- (U.K.)
- SlantRange, Inc. (U.S.)
- Raven Industries, Inc. (U.S.)
- AGCO Corporation. (U.S.)
- Orange Business (France)
Recent Developments
- In 2022, at its UDGHOSH event in August, Automat—a pioneering programme to introduce cutting-edge technology to Indian farmers—launched five new smart irrigation solutions for Rajasthan farmers. Automat is an Indian manufacturer of irrigation sprinklers, filtration equipment, and fertilisation equipment.
- In 2021, AGCO Corporation launched a new nutrient supply system for its dealers in North America through a strategic partnership with EZ-Drops, a manufacturer of cutting-edge agricultural equipment. Customised setups of the nutrient application system were offered by AGCO’s RoGator dealers. This technology assisted farmers in reducing excessive nitrogen spraying, which lowers farm profitability.
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Connected Agriculture Market Segmentations:
Component
- Solutions
- Network Management
- Agriculture Asset Management
- Supervisory Control
- Platforms
- Device Management
- Application Enablement
- Connectivity Management
- Services
- Training and Consulting
- System integration and Implementations
- Support and Maintenance
Application
- Pre-Production Planning and Management
- Field Mapping
- Crop Planning and Yield Monitoring
- Weather Tracking and Forecasting
- Farm Labour Management
- Equipment Monitoring and Maintenance
- In-Production Planning and Management
- Water and Irrigation Management
- Breeding and Feed Management
- Crop Scouting
- Production Monitoring and Maintenance
- Animal Tracking and Navigation
- Agro-Finance and Insurance Management
- Post-Production Planning and Management
- Processing
- Inventory Management
- Transportation
- Quality Assurance and Control
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