Market Highlights:
Connected agriculture uses the mobile
communications to enables the farmers to provide vital information such as
weather forecasting, crop failure, best quality of seeds, soil moisture and
quality, tools, and techniques, and
offers greater accessibility of financial payments.
Increasing demand for the mobile-based solutions and rising number of telecom service
providers are expected to drive the connected agriculture market over the
forecast period. Furthermore, advancement of technology such as the merging of the Internet
of things with agriculture is presumed to be an opportunity
for The Connected Agriculture Market over the forecast period.
According to Market
Research Future Analysis, connected agriculture market has been valued at ~USD 3
billion at 17% of CAGR during the forecast
period, 2017-2023.
Major Key Players:
·
AG Leader Technology (U.S)
·
Microsoft Corporation (U.S)
·
IBM Corporation (U.S)
·
Cisco Systems Inc (U.S)
·
AT&T (U.S)
·
Accenture PLC (Ireland)
·
SAP A.G (Germany)
·
Orange Business Services (France)
·
Epicor Software Corporation (U.S)
·
Vodafone Group PLC (U.K)
·
SAGE (U.K)
·
Syspro Technologies (U.S)
·
Raven Industries, Inc (U.S)
·
AGCO Corporation (U.S)
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Regional Analysis:
Geographically,
electronic article surveillance market has been bifurcated into North-America, Europe, Asia-Pacific Latin-America,
and Middle-East & Africa.
The
North American region is expected to
lead the globally connected agriculture
market over the forecast period due to advanced network infrastructure and the
presence big IT firms such as Microsoft Corporation, Cisco System Inc, which
are investing heavily on the research and developments for the connected agriculture
to evolve enhanced agricultural techniques for the farmers. The U.S. and Canada
are the leading countries in the North American region. Asia Pacific region is
expected to have a significant growth over the forecast period owing to the
presence of emerging economies such as India and China in the region,
increasing number of telecom providers and mobile subscribers, and better
ranking position, ease of doing business in India.
The study was conducted using an objective combination of primary and secondary
information including inputs from key participants in the industry. The report
contains a comprehensive market and vendor landscape in addition to a SWOT
analysis of the key vendors.
Segments:
The
globally connected agriculture market is bifurcated into component and
application.
Based
on the component, the connected agriculture market is sub-segmented into
solutions, services, and platform. Solutions are categorized into network
management, asset management, SCADA systems for agriculture, and smart water
management system. Services are segmented into professional services and
managed services. Furthermore, Professional services include consulting
services, integration and deployment services, and support and maintenance
services. Additionally, Platform is segmented into device management,
application enablement, and connectivity management.
Application
segment is sub-segmented into farming planning and management, smart logistics,
smart irrigation, and agriculture finance. The agriculture finance includes
mobile information services, micro-lending services, micro-insurance
services, and mobile payments services.
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