PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266593
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266593
Global Connected Agriculture Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Through the use of mobile technology, connected agriculture supports various stakeholders along the farming or agricultural value chain. This technology consists of a wide range of devices and sub-segments, including voice, data, and connectivity networks. Access to financial solutions has improved with the emergence of linked agriculture. Also, with connected agriculture technologies, access to reasonable financial solutions can be tailored to agricultural needs. In addition, technology makes it possible for business owners to connect with buyers, sellers, traders, and more. The increasing adoption of agri-mobile driven solutions and growing investment from leading telecom operators are key factors driving the market growth.
Over the years the adoption of agri-mobile driven solutions in agriculture has significantly increased creating strong demand for Global Connected Agriculture Market. For instance - as per Statista - in 2018, the global agricultural IoT market was valued at USD 14.79 billion, and it further increased to USD 28.64 billion in 2023. Moreover, leading telecom operators worldwide are investing in connected agriculture hence this factor would positively influence the market during the projected period. For instance - in December 2019, Telus, the Canadian telecommunications company, acquired Canadian farmtech startup Decisive Farming. Additionally, Decisive Farming specializes in precision agronomics, crop marketing, and information management services among others. Also, growing emergence of AI & ML technologies as well as favorable initiatives from government authorities would offer lucrative opportunities for the market over the forecast period. However, lack of awareness towards connected agriculture hinders the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Connected Agriculture Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the availability of required technological infrastructure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of initiatives from government authorities as well as rising penetration of leading market players in the region. For instance - in Feb 2023, in New Delhi, India the Ministry of Agriculture & Farmers Welfare of the Government of India and Digital Green inked a Memorandum of Understanding to create a national-level digital extension platform. The website will house a digital library of well-vetted content in multiple languages and formats, making it easier for extension workers to access and share content with farmers.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable