Connected Agriculture Market : Current Status, Opportunities, and Future Prospects
Connected Agriculture Market size ?was valued at USD 3.78 billion in 2022 and is expected to grow to USD 15.16 billion By 2030 and grow at a CAGR of 18.96 % over the forecast period of 2023-2030.
Market Description
The Connected Agriculture Market is experiencing significant growth, driven by advancements in Internet of Things (IoT) technology and the increasing adoption of smart farming practices. This market encompasses a range of solutions, including precision farming, smart irrigation systems, and data analytics platforms, which enable farmers to optimize their operations. By leveraging real-time data from sensors and connected devices, agricultural stakeholders can make informed decisions to enhance crop yield, reduce waste, and ensure sustainable farming practices. The integration of IoT in agriculture not only improves efficiency but also addresses challenges such as resource scarcity and climate change impacts, making it a vital component of modern agribusiness.
Moreover, the rise of connected agriculture is fostering collaborations between technology providers, agribusinesses, and governments. These partnerships are crucial for developing scalable solutions that cater to the diverse needs of the agricultural sector. For instance, initiatives to implement smart supply chain management systems are helping to streamline logistics, reduce post-harvest losses, and ensure traceability from farm to fork. Additionally, the deployment of remote monitoring and predictive maintenance tools is enhancing the longevity and performance of agricultural machinery. As the Connected Agriculture Market continues to evolve, it promises to revolutionize traditional farming practices, driving productivity and sustainability in the agricultural industry..
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Covid 19 impact analysis:
The latest report is the most recent study that offers coverage of the Connected Agriculture ?industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global?Connected Agriculture ?market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
??Ag Leader Technology, AT&T, IBM, Orange Business Services, Decisive Farming, Microsoft, SatSure, Iteris, Gamaya, LINK LABS., Deere & Company, SAP SE, Oracle, Trimble SMAG, Cisco, and others
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the?Connected Agriculture ?market.
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It?has segmented the global?Connected Agriculture?market
By platforms
l Device Management
l Application Enablement
l Connectivity Management
By Component
l Solution
l Services
By services
l Consulting
l Integration and Implementation
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l Support and Maintenance
By Application
l Pre-Production Management
l In-Production Management
l Post-Production Management
Key Objectives of the Global?Connected Agriculture Market Report:
l The report conducts a comparative assessment of the leading market players participating in the global?Connected Agriculture?market.
l The report marks the notable developments that have recently taken place in the Connected Agriculture ?industry
l It details on the strategic initiatives undertaken by the market competitors for business expansion.
l It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the?Connected Agriculture?market value chain.
l The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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