[179+ Pages Research Report] Global Connected Agriculture Market to surpass USD 9.03 billion by 2030 from USD 2.26 billion in 2020 at a CAGR of 18.9 % in the coming years, i.e., 2021-30. The growing demand for different solutions to improve returns for farmers supports the growth of the Connected Agriculture market.

Product Overview

Connected Agriculture is described as the use of modern technical solutions and services for the improvement, management, and control of pre-production, in-production, and post-production farming activities. Connected agriculture involves four main steps: data detection, data communications, and data storage. Different stakeholders such as farmers, farmers, livestock producers, farming cooperatives, agricultural businesses, grapes, seed companies, fertilizer enterprises, food and drink companies, and governments can use the information gathered from these steps to make actual decisions that maximize their return on investment (RoI). Connected agriculture technology gives farmers the appropriate skills and know-how about different techniques for improving farm productivity, seed and fertilizer use, weather forecasting, and more. Thereby, connected agriculture technology helps farms to regularly update a weather forecast to help avoid farmers from losing crops in the case of premature rains or droughts and is therefore dependent on monsoons in most countries.

Market Highlights

Global Connected Agriculture market is expected to project a notable CAGR of 18.9% in 2030.

In addition, different service providers focus on the global Connected Agriculture market to provide their end-users with concurrent information. In addition, mobile transaction service providers can shape farmers' real-time expenses. This supported further share in the market-connected agriculture market, thereby providing market participants with a number of opportunities over the coming years.

Global Connected Agriculture Market: Segments

In-Production Planning and Management segment to grow with the highest CAGR during 2020-30

Global Connected Agriculture market is segmented by application into Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management. The area of application management and planning in production includes management of the water and of irrigation, management of reproduction and feed, crop scouting, operation and management of production, animal monitoring and connectivity, agri-finance management, and insurance. Connected solutions and services for agriculture assist in finding real-time information about agricultural irrigation, livestock health, feeding behavior, sanitation, tracking locations of crops, insurance, and other activities for improving crop, livestock, and farm management, improving productivity and the quality of production

Device Management segment to grow with the highest CAGR during 2020-30

Global Connected Agriculture is divided by platform into Device Management, Application Enablement, and Connectivity Management. Control devices support organizations in the management, tracking, safe operation, and maintenance of abundant devices used for connected farming operations. The device management solution is configured in conjunction with functional requirements with the application development feature. The devices are characterized by various communication technologies and are therefore composed of various communication interfaces and operating systems. Connected agriculture demand is anticipated to drive the growing requirement for access and control over connected devices.

Market Dynamics

Drivers

Need to meet world’s demand for food

As the population of the world increases, the demand for food is growing rapidly. At an exponential rate, the world's population is projected to rise to around 10 billion from now to 2050. The total population adds up to about 85 million people each year. The food production rate should double between 2020 and 2050, according to the FAO, to maintain population growth. In addition, farmers still depend primarily on the weather for food production to complement this issue. In meteorological conditions, any unpredictable changes affect the income, and farmers face losses. Issues like global warming, deforestation, and other environmental issues are hindering food production and livestock farming in many developing countries around the world. Connected farming solutions enable farms, such as water, seeds, land areas, and fertilizers, to use their scarce resources optimally to meet the increasing demand for food. Connected solutions in agriculture help farmers to automate farm gear, increase agricultural returns, reduce work, increase productivity and improve overall efficiency

Technological advancements

The growing demand for different solutions to improve returns for farmers supports the growth of the connected agriculture market. In addition, different service providers focus on the global connected agriculture market to provide their end-users with concurrent information. In addition, mobile transaction service providers can shape farmers' real-time expenses. This supported further share in the market-connected farming market, thereby providing market participants with a number of opportunities over the coming years.

Restraint

High capital investment

High capital investment is required for the implementation of connected farming techniques and solutions. Most farmers worldwide are marginalized or small farmers who find investing in this expensive equipment complicated. Connected agriculture needs huge investments, sustainable agriculture tools, and qualified, skilled farmers to use this technology to collect basic information. The access to the latest technology is limited, because of high technological costs, mainly to big and industrialized farms.

Global Connected Agriculture Market: Key Players

SAP SE

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

IBM (US)

Microsoft (US)

AT&T (US)

Deere & Company (US)

Accenture (Ireland)

Cisco (US)

Oracle (US)

Iteris (US)

Trimble (US)

SMAG (France)

SatSure (UK)

Other Prominent Players

Global Connected Agriculture Market: Regions

Global Connected Agriculture market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Connected Agriculture in North America held the largest market share of XX.X% in the year 2020, owing to huge adoption among smallholder farmers, North America is likely to hold the largest market share linked agriculture market. North America has farmed with well-equipped agriculture equipment, and the worldwide connected agricultural market is largely expanding. In the coming years, however, the worldwide connected agriculture market will see substantial growth in other emerging economies, such as the APAC. This is due to growing investments in connected agriculture and cloud-based solutions, which contribute further to the growth of the market.

Global Connected Agriculture Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Connected Agriculture Market report also contains analysis on:

Connected Agriculture Segments:

By Application

Pre-Production Planning and Management

In-Production Planning and Management

Post-Production Planning and Management

By Platform

Device Management

Application Enablement

Connectivity Management

Connected Agriculture Market Dynamics

Connected Agriculture Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Connected Agriculture Market Report Scope and Segmentation

Frequently Asked Questions

How big is the Connected Agriculture market

What is the Connected Agriculture market growth

Which segment accounted for the largest Connected Agriculture market share

Who are the key players in the Connected Agriculture market

What are the factors driving the Connected Agriculture market

Contents

1. Executive Summary

2. Global Connected Farming Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Connected Agriculture Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Connected Agriculture Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Connected Agriculture Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Platform: Market Share (2020-2030F)

1. Device Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Application Enablement, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Connectivity Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Application: Market Share (2020-2030F)

1. Pre-Production Planning and Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. In-Production Planning and Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Post-Production Planning and Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. SAP SE

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. IBM (US)

3. Microsoft (US)

4. AT&T (US)

5. Deere & Company (US)

6. Accenture (Ireland)

7. Cisco (US)

8. Oracle (US)

9. Iteris (US)

10. Trimble (US)

11. SMAG (France)

12. SatSure (UK)

13. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources