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Connected Agriculture Trends and Forecast
The future of the global connected agriculture market looks promising with opportunities in the pre-production planning and management, in-production planning and management, and post-production planning and management markets. The global connected agriculture market is expected to reach an estimated $16 billion by 2030 with a CAGR of 17.6% from 2024 to 2030. The major drivers for this market are government measures to modernize the agriculture business, growing need to reduce labor costs and increase farm yield, and the use of mobile technologies into farm operations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Connected Agriculture by Segment
The study includes a forecast for the global connected agriculture by platform, component, application, and region
Connected Agriculture Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
• Device Management
• Application Enablement
• Connectivity Management
Connected Agriculture Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Solution
• Platforms
• Services
Connected Agriculture Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pre-Production Planning and Management
• In-Production Planning and Management
• Post-Production Planning and Management
Connected Agriculture Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Connected Agriculture Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected agriculture companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected agriculture companies profiled in this report include-
• IBM
• Microsoft
• AT&T
• Deere & Company
• SAP SE
• Accenture
• Decisive Farming
• Gamaya
• SatSure
Connected Agriculture Market Insights
Lucintel forecast that platforms is expected to witness largest segment over the forecast period because of growing need for access via connected devices and rising demand to manage, improve, and control farming activities.
North America is expected to witness highest growth over the forecast period because the government measures to promote sustainable farming methods are growing in order to reduce the amount of water wasted, chemical run-off, and carbon dioxide emissions that degrade the environment.
Features of the Global Connected Agriculture Market
Market Size Estimates: Connected agriculture market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected agriculture market size by platform, component, application, and region in terms of value ($B).
Regional Analysis: Connected agriculture market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different platform, component, application, and regions for the connected agriculture market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected agriculture market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the connected agriculture market size?
Answer: The global connected agriculture market is expected to reach an estimated $16 billion by 2030.
Q.2 What is the growth forecast for connected agriculture market?
Answer: The global connected agriculture is expected to grow with a CAGR of 17.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the connected agriculture market?
Answer: The major drivers for this market are government measures to modernize the agriculture business, growing need to reduce labor costs and increase farm yield, and the use of mobile technologies into farm operations.
Q4. What are the major segments for connected agriculture market?
Answer: The future of the global connected agriculture market looks promising with opportunities in the pre-production planning and management, in-production planning and management, and post-production planning and management markets.
Q5. Who are the key connected agriculture market companies?
Answer: Some of the key connected agriculture companies are as follows:
• IBM
• Microsoft
• AT&T
• Deere & Company
• SAP SE
• Accenture
• Decisive Farming
• Gamaya
• SatSure
Q6. Which connected agriculture market segment will be the largest in future?
Answer: Lucintel forecast that platforms is expected to witness largest segment over the forecast period because of growing need for access via connected devices and rising demand to manage, improve, and control farming activities.
Q7. In connected agriculture market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period because the government measures to promote sustainable farming methods are growing in order to reduce the amount of water wasted, chemical run-off, and carbon dioxide emissions that degrade the environment.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the connected agriculture market by platform (device management, application enablement, and connectivity management), component (solution, platforms, and services), application (pre-production planning and management, in-production planning and management, and post-production planning and management), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Connected Agriculture Market, Connected Agriculture Market Size, Connected Agriculture Market Growth, Connected Agriculture Market Analysis, Connected Agriculture Market Report, Connected Agriculture Market Share, Connected Agriculture Market Trends, Connected Agriculture Market Forecast, Connected Agriculture Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Connected Agriculture Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Connected Agriculture Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Connected Agriculture Market by Platform
3.3.1: Device Management
3.3.2: Application Enablement
3.3.3: Connectivity Management
3.4: Global Connected Agriculture Market by Component
3.4.1: Solution
3.4.2: Platforms
3.4.3: Services
3.5: Global Connected Agriculture Market by Application
3.5.1: Pre-Production Planning and Management
3.5.2: In-Production Planning and Management
3.5.3: Post-Production Planning and Management
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Connected Agriculture Market by Region
4.2: North American Connected Agriculture Market
4.2.1: North American Connected Agriculture by Component: Solution, Platforms, and Services
4.2.2: North American Connected Agriculture by Application: Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management
4.3: European Connected Agriculture Market
4.3.1: European Connected Agriculture by Component: Solution, Platforms, and Services
4.3.2: European Connected Agriculture by Application: Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management
4.4: APAC Connected Agriculture Market
4.4.1: APAC Connected Agriculture by Component: Solution, Platforms, and Services
4.4.2: APAC Connected Agriculture by Application: Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management
4.5: ROW Connected Agriculture Market
4.5.1: ROW Connected Agriculture by Component: Solution, Platforms, and Services
4.5.2: ROW Connected Agriculture by Application: Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Connected Agriculture Market by Platform
6.1.2: Growth Opportunities for the Global Connected Agriculture Market by Component
6.1.3: Growth Opportunities for the Global Connected Agriculture Market by Application
6.1.4: Growth Opportunities for the Global Connected Agriculture by Region
6.2: Emerging Trends in the Global Connected Agriculture Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Connected Agriculture Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Connected Agriculture Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: IBM
7.2: Microsoft
7.3: AT&T
7.4: Deere & Company
7.5: SAP SE
7.6: Accenture
7.7: Decisive Farming
7.8: Gamaya
7.9: SatSure
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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