Global Connected Agriculture Market Size, Trends, and Growth Opportunity, By Component (Solution, Platforms, and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management) By Region and forecast till 2030.
Global Connected Agriculture Market
Global Connected Agriculture Market was valued at USD 3.63 billion in 2022 and is slated to reach USD 15.01 billion by 2030 at a CAGR of 19.41% from 2023-2030.
Connected agriculture is a novel technological way to address several agricultural concerns. Sensors, satellite imaging, GPS, and big data analytics are all employed to do this. Farmers' productivity and output improve as a result of connected agriculture, and they contribute more to the agricultural business as a whole. Connected agriculture provides accurate and moral farming by only treating what is required and only when it is required. As a result, farmers may produce healthier food while preserving, if not enhancing, biodiversity and renewable energy. Using network management, agriculture asset management, supervisory control, and data collecting also improves farming processes.
Market Drivers
Farmers can enhance crop yield via linked agriculture while paying less money and putting less effort than they would use traditional agricultural approaches. Connected agriculture boosts output by enabling farmers to more precisely evaluate the appropriate sowing density, estimate fertilizers, and predict crop yields by skilfully combining time and resources. Farmers today rely on modern agricultural advancements, such as the usage of cell phones and other connected equipment. Modern linked technologies such as low power wide area (LPWA), WiFi, Zigbee, and new wireless sensor technologies enable farmers to plan and carry out a variety of agricultural operations such as obtaining supplies, keeping track of stocks, planting crops at the appropriate time, and so on. The increasing focus of market players on accelerating the implementation of modern and connected agricultural practices is boosting the market growth. In January 2023, Aston University formed a Knowledge Transfer Partnership (KTP) with engineering firm Solargen Technologies (SGT) and the University of Nairobi to develop a smart irrigation system that uses solar and wind energy to provide year-round watering of land and improve crop production in Kenya. SGT is Kenya's largest supplier of irrigation, water, and energy solutions and services. They collaborated with non-governmental organizations, governments, and people to provide specific energy, water, and food security solutions to populations in rural and conflict-affected areas of Eastern Africa.
Market Restraints
The installation of connected farm technology is prohibitively expensive, and it is poorly understood. These are the technological constraints for the expected time range. The great majority of farmers are small-scale operators unable to purchase such costly machinery. This strategy is unappealing to farmers since it necessitates trained and knowledgeable farmers, considerable upfront investments, and efficient agricultural equipment. Due to the high expense, it is only suitable for large, industrialized farms. Covid-19 Impact The epidemic has also harmed the agricultural market. Many countries' lockdowns and travel restrictions have impacted the supply chains of connected agriculture solutions, causing delays in delivery and installation. Furthermore, the economic slowdown caused by the epidemic has resulted in budget cuts for many farmers and agribusinesses, slowing the adoption of linked agriculture technologies. Increased demand for linked farm solutions is one of the positive effects of the pandemic on the connected agriculture sector. With the pandemic generating disruptions in global food supply chains and labor shortages, there has been increasing emphasis on the need for more efficient and robust agricultural systems. As a result, linked agriculture technologies such as precision farming, smart irrigation, and livestock monitoring systems have seen greater acceptance.
Recent Developments
Automat, a pioneering program to provide cutting-edge technology to Indian farmers, will showcase five new smart irrigation solutions for Rajasthan farmers at its UDGHOSH event in August 2022. Automat is a manufacturer of irrigation sprinklers, filtration equipment, and fertilization equipment based in India. Through strategic cooperation with EZ-Drops, a manufacturer of cutting-edge agricultural equipment, AGCO Corporation will debut a new fertilizer supply system for its dealers in North America in 2021. AGCO's RoGator dealers provided customized nutrient application system installations. This technology helped farmers reduce excessive nitrogen spraying, which reduces farm profitability.
Market Segmentation
Global Connected Agriculture Market is segmented into By Components, Applications. By Components such as Solutions, Platforms, and Services. By Application such as Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management.
Regional Analysis
Global Connected Agriculture Market is divided into Europe, North America, Asia Pacific, South America, and the Middle East & Africa. North America will continue to have the largest market share during the projection period due to the region's extensive farming activities and farmers' rapid adoption of technology. Smart water management systems and remote monitoring are two growing trends in North America for efficiently using water and properly tracking crop health. Due to the region's countries' significant emphasis on the adoption and implementation of linked agriculture practices, Asia-Pacific is expected to have the greatest CAGR throughout the projected period. The rising adoption of cloud-based agriculture technologies in developing economies would boost the region's economy even further.
Key Players
This report includes a list of numerous Key Players, namely Cisco Systems Inc., (U.S.), Microsoft (U.S.), Orange Business (France), IBM (U.S.), AT&T Intellectual Property (U.S.), SMAG (France), and Deere & Company. (U.S.), Gamaya (Switzerland), Accenture (Ireland), TELUS Agriculture Solutions Inc. (Canada).
Market Taxonomy
By 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
By 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
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Question Addressed by the Report
• What are the Key Opportunities in the Global Connected Agriculture Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?
Global Connected Agriculture Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Connected Agriculture Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Connected Agriculture Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Connected Agriculture Market Share Analysis, By Component
5.3 Global Connected Agriculture Market Size and Forecast, By Component
5.3.1 Solutions
5.3.2 Network Management
5.3.3 Agriculture Asset Management
5.3.4 Supervisory Control
5.3.6 Platforms
5.3.7 Device Management
5.3.8 Application Enablement
5.3.9 Connectivity Management
5.3.10 Services
5.3.11 Training and Consulting
5.3.12 System integration and Implementations
5.3.13 Support and Maintenance
6 Global Connected Agriculture Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Connected Agriculture Market Share Analysis, By Application
6.3 Global Connected Agriculture Market Size and Forecast, By Application
6.3.1 Pre-Production Planning and Management
6.3.2 Field Mapping
6.3.3 Crop Planning and Yield Monitoring
6.3.4 Weather Tracking and Forecasting
6.3.5 Farm Labour Management
6.3.6 Equipment Monitoring and Maintenance
6.3.7 In-Production Planning and Management
6.3.8 Water and Irrigation Management
6.3.9 Breeding and Feed Management
6.3.10 Crop Scouting
6.3.11 Production Monitoring and Maintenance
6.3.12 Animal Tracking and Navigation
6.3.13 Agro-Finance and Insurance Management
6.3.14 Post-Production Planning and Management
6.3.15 Processing
6.3.16 Inventory Management
6.3.17 Transportation
6.3.18 Quality Assurance and Control
7 Global Connected Agriculture Market, By Region
7.1 Global Connected Agriculture Market Share Analysis, By Region
7.2 Global Connected Agriculture Market Share Analysis, By Region
7.3 Global Connected Agriculture Market Size and Forecast, By Region
8 North America Connected Agriculture Market, Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Connected Agriculture Market Share Analysis, By Component
8.3 North America Connected Agriculture Market Size and Forecast, By Application
8.4 North America Connected Agriculture Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1 Market Size and Forecast, By Component
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1 Market Size and Forecast, By Component
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1 Market Size and Forecast, By Component
8.4.3.2 Market Size and Forecast, By Application
9 Europe Connected Agriculture Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Connected Agriculture Market Share Analysis, By Component
9.3 Europe Connected Agriculture Market Size and Forecast, By Application
9.4 Europe Connected Agriculture Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1 Market Size and Forecast, By Component
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1 Market Size and Forecast, By Component
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1 Market Size and Forecast, By Component
9.4.3.2 Market Size and Forecast, By Application
9.4.4 Russia
9.4.4.1 Market Size and Forecast, By Component
9.4.4.2 Market Size and Forecast, By Application
9.4.5 Italy
9.4.5.1 Market Size and Forecast, By Component
9.4.5.2 Market Size and Forecast, By Application
9.4.6 Spain
9.4.6.1 Market Size and Forecast, By Component
9.4.6.2 Market Size and Forecast, By Application
9.4.7 Rest of Europe
9.4.7.1 Market Size and Forecast, By Component
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Connected Agriculture Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Connected Agriculture Market Share Analysis, By Component
10.3 Asia Pacific Connected Agriculture Market Size and Forecast, By Application
10.4 Asia Pacific Connected Agriculture Market Size and Forecast, By Country
10.4.1 China
10.4.1.1 Market Size and Forecast, By Component
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1 Market Size and Forecast, By Component
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1 Market Size and Forecast, By Component
10.4.3.2 Market Size and Forecast, By Application
10.4.4 South Korea
10.4.4.1 Market Size and Forecast, By Component
10.4.4.2 Market Size and Forecast, By Application
10.4.5 Australia
10.4.5.1 Market Size and Forecast, By Component
10.4.5.2 Market Size and Forecast, By Application
10.4.6 New Zealand
10.4.6.1 Market Size and Forecast, By Component
10.4.6.2 Market Size and Forecast, By Application
10.4.7 Singapore
10.4.7.1 Market Size and Forecast, By Component
10.4.7.2 Market Size and Forecast, By Application
10.4.8 Malaysia
10.4.8.1 Market Size and Forecast, By Component
10.4.8.2 Market Size and Forecast, By Application
10.4.9 Rest of Asia Pacific
10.4.9.1 Market Size and Forecast, By Component
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Connected Agriculture Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Connected Agriculture Market Share Analysis, By Component
11.3 Latin America Connected Agriculture Market Size and Forecast, By Application
11.4 Latin America Connected Agriculture Market Size and Forecast, Country
11.4.1 Brazil
11.4.1.1 Market Size and Forecast, By Component
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1 Market Size and Forecast, By Component
11.4.2.2 Market Size and Forecast, By Application
11.4.3 Colombia
11.4.3.1 Market Size and Forecast, By Component
11.4.3.2 Market Size and Forecast, By Application
11.4.4 Peru
11.4.4.1 Market Size and Forecast, By Component
11.4.4.2 Market Size and Forecast, By Application
11.4.5 Chile
11.4.5.1 Market Size and Forecast, By Component
11.4.5.2 Market Size and Forecast, By Application
11.4.6 Venezuela
11.4.6.1 Market Size and Forecast, By Component
11.4.6.2 Market Size and Forecast, By Application
11.4.7 Rest of Latin America
11.4.7.1 Market Size and Forecast, By Component
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Connected Agriculture Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Connected Agriculture Market Share Analysis, By Component
12.3 Middle East Connected Agriculture Market Size and Forecast, By Application
12.4 Middle East Connected Agriculture Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.1.1 Market Size and Forecast, By Component
12.4.1.2 Market Size and Forecast, By Application
12.4.2 UAE
12.4.2.1 Market Size and Forecast, By Component
12.4.2.2 Market Size and Forecast, By Application
12.4.3 Egypt
12.4.3.1 Market Size and Forecast, By Component
12.4.3.2 Market Size and Forecast, By Application
12.4.4 Kuwait
12.4.4.1 Market Size and Forecast, By Component
12.4.4.2 Market Size and Forecast, By Application
12.4.5 South Africa
12.4.5.1 Market Size and Forecast, By Component
12.4.5.2 Market Size and Forecast, By Application
12.4.6 Rest Middle East & Africa
12.4.6.1 Market Size and Forecast, By Component
12.4.6.2 Market Size and Forecast, By Application
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Cisco Systems Inc., (U.S.)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Microsoft (U.S.)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Orange Business (France)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 IBM (U.S.)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 AT&T Intellectual Property (U.S.)
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 SMAG (France)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Deere & Company. (U.S.)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Gamaya (Switzerland)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Accenture (Ireland)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 TELUS Agriculture Solutions Inc. (Canada)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
