Connected Agriculture Market Dynamics: Key Drivers and Restraints

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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.

The Connected Agriculture Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2030. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.

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 Which are the top companies operating in the Connected Agriculture Market?

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Connected Agriculture Market report provides the information of the Top Companies in Connected Agriculture Market in the market their business strategy, financial situation etc.

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), Gamaya. (Switzerland), SatSure. (U.K.), SlantRange, Inc. (U.S.), Raven Industries, Inc. (U.S.), AGCO Corporation. (U.S.), Orange Business (France)

Report Scope and Market Segmentation

Which are the driving factors of the Connected Agriculture Market?

The driving factors of the Connected Agriculture Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.

Connected Agriculture Market - Competitive and Segmentation Analysis:

**Segments**

- Based on component, the global connected agriculture market is segmented into solutions and services. The solutions segment is further categorized into network management, agriculture asset management, supervisory control and data acquisition, and communication. The services segment includes consulting, integration, and support and maintenance.

- In terms of application, the market is divided into precision farming, livestock monitoring, fish farming, smart greenhouse, and others. Precision farming holds a significant share in the market as it enhances the efficiency and productivity of agricultural operations through the use of IoT devices and sensors.

- On the basis of agriculture type, the market is segmented into field farming, horticulture, and indoor farming. The increasing adoption of connected agriculture technologies in field farming is driving the growth of this segment.

**Market Players**

- Some of the key players in the global connected agriculture market are IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., SAP SE, Trimble Inc., Accenture, and Agribotix.

- Other notable market players include Deere & Company, SST Development Group Inc., Farmers Edge Inc., and Raven Industries. These companies are focusing on developing advanced technologies and solutions to cater to the evolving needs of the agriculture sector in the era of digitization and interconnected systems.

The global connected agriculture market is poised for significant growth and transformation by 2030. With the increasing adoption of IoT, AI, and data analytics in the agriculture sector, the market is expected to witness a surge in demand for connected agriculture solutions and services. The precision farming segment is projected to lead the market as farmers seek to optimize their resources and improve crop yields through data-driven decision-making. Additionally, the integration of IoT devices and sensors in livestock monitoring and smart greenhouse applications will further drive market growth. Field farming is anticipated to dominate the agriculture type segment due to the high demand for connected technologies in traditional farming practices.

Overall, the market players in the global connected agriculture market are actively engaged in R&D activities and strategic partnerships to gain a competitive edgeThe global connected agriculture market is witnessing a significant transformation driven by technological advancements in IoT, AI, and data analytics. As farmers and agricultural businesses increasingly recognize the benefits of connected solutions, the demand for innovative technologies is on the rise. The market segments, including solutions and services, applications, and agriculture types, play a crucial role in shaping the landscape of connected agriculture.

In terms of components, the solutions segment encompasses a range of offerings such as network management, agriculture asset management, supervisory control and data acquisition, and communication solutions. These solutions enable farmers to monitor and manage their agricultural operations efficiently, leading to improved productivity and decision-making. On the other hand, services such as consulting, integration, and support and maintenance ensure the seamless implementation and functioning of connected agricultural systems.

The application segment of the connected agriculture market is diverse, with precision farming emerging as a key driver of market growth. Precision farming leverages IoT devices and sensors to optimize resource usage, enhance crop yields, and enable data-driven decision-making. Livestock monitoring, fish farming, smart greenhouse solutions, and other applications also contribute to the market expansion by providing innovative ways to enhance agricultural practices.

Moreover, the segmentation based on agriculture types, including field farming, horticulture, and indoor farming, reflects the varied needs and preferences of farmers around the world. The adoption of connected agriculture technologies in field farming is particularly noteworthy, driven by the increasing emphasis on efficiency, sustainability, and yield optimization in traditional farming practices.

Key market players, such as IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., and SAP SE, are at the forefront of driving innovation and competitiveness in the global connected agriculture market. These companies are investing in research and development initiatives, strategic partnerships, and market expansion strategies to stay ahead in the rapidly evolving agricultural technology landscape. By offering advanced solutions and services tailored to the specific requirements of the agriculture sector, these players are fueling the market growth and facilitating the transition towards a more connected and data-driven agricultural ecosystem.

In conclusion**Market Players**

- 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)
- Gamaya (Switzerland)
- SatSure (U.K.)
- SlantRange, Inc. (U.S.)
- Raven Industries, Inc. (U.S.)
- AGCO Corporation (U.S.)
- Orange Business (France)

The connected agriculture market is experiencing a significant transformation fueled by technological advancements and the growing awareness among farmers regarding the benefits of connected solutions. Market players, including both established tech giants and innovative startups, are actively contributing to the evolution of the agriculture sector. Cisco Systems, Microsoft, IBM, SAP SE, and other key players are leveraging their expertise to develop cutting-edge solutions that cater to the evolving needs of farmers and agribusinesses worldwide.

The segmentation of the market into components, applications, and agriculture types is crucial in understanding the diverse landscape of connected agriculture. Solutions such as network management, asset tracking, and data acquisition systems are empowering farmers to make informed decisions and optimize their operations. On the services front, consulting and maintenance

Explore Further Details about This Research Connected Agriculture Market Report https://www.databridgemarketresearch.com/reports/global-connected-agriculture-market

Key Benefits for Industry Participants and Stakeholders: –

  • Industry drivers, trends, restraints, and opportunities are covered in the study.
  • Neutral perspective on the Connected Agriculture Market scenario
  • Recent industry growth and new developments
  • Competitive landscape and strategies of key companies
  • The Historical, current, and estimated Connected Agriculture Market size in terms of value and size
  • In-depth, comprehensive analysis and forecasting of the Connected Agriculture Market

 Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2030) of the following regions are covered in Chapters

The countries covered in the Connected Agriculture Market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa.

Key Questions Answered:

1. What is the Connected Agriculture Market?

2. How big is the Connected Agriculture Market?

3. What is the growth rate of the Connected Agriculture Market?

4. What are the key drivers of the Connected Agriculture Market?

5. Which region dominates the Connected Agriculture Market?

6. Who are the major players in the Connected Agriculture Market?

7. What segments are included in the Connected Agriculture Market?

8. What are the challenges facing the Connected Agriculture Market?

9. What is the future outlook for the Connected Agriculture Market?

10. How can companies benefit from the Connected Agriculture Market?

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