Global Connected Agriculture Industry was valued at USD 1.9 Billion for the year 2018. Connected Agriculture Industry is further expected to grow at a CAGR of 19.1% from 2018 to reach USD 6.11 Billion by the year 2025. European region holds the major Industry share whereas Asia Pacific region is considered as the fastest growing Industry in the forecasted period. It is observed that the developing countries from an emerging Asia Pacific Industry are anticipated to grow at a strongly in the next 5 years.
Global Connected Agriculture Industry Size and Share by 2025 (USD Billion)
Connected agricultural marketing is contingent to swathe the services which are involved in improving an agricultural production from the farm to the customer. It is also the preparation, systematizing, directing and managing of agricultural production in such a way so as to meet the requirements of the farmer, manufacturer, and purchaser. Various consistent activities are occupied in doing this; for instance, transport, grading, growing and harvesting, distribution, planning production, packing and packaging, storage, and food processing, sale and advertising.
Considering to the development of agricultural marketing, mainly in rising countries, is inclined to focus on several areas, particularly on infrastructure expansion; information prerequisite; formal training of farmers and dealers in selling and post-harvest concerns; and support to expansion of an suitable policy surroundings. The term includes the complete array of supply chain operations. On the other hand, its main function is to assist these services, by giving that proficient and well-informed information, thus connecting the additional operations into an incorporated service with besieged products.
Major Players in Connected Agriculture Industry are IBM, TeeJet Technologies, Microsoft Corp., Raven Industries Inc., AT&T, Deere & Company, SAP SE, Accenture, AGCO Corp, Cisco, Hexagon AB, Oracle Corp., Iteris, Trimble Navigation Ltd., Orange Business Services, SMAG, Ag Leader Technology, Syspro Technologies, Decisive Farming, Gamaya, Vodafone Group PLC, and SatSure. Better geographical reach at an operational level with the growing usage of innovative technology for ingredient processing is the assisting Industry growth. Similarly, various growth strategies adopted by Tier 1 & 2 players such as merger and acquisition has provided comprehensive Industry opportunities for a various stakeholder in the value chain.
SWOT Analysis of Connected Agriculture Industry
Important changes in market dynamics
Former, on-going, and projected market analysis in terms of volume and value
Require high cost to implement this Technology.
offers various financial services such as micro-lending services, micro-insurance services, and mobile payments services.
Awareness in farmers, Education to farmers
Connected Agriculture Industry by Service
Connected Agriculture Industry by Component
Connected Agriculture Industry by Platform
Connected Agriculture Industry by Application
Connected Agriculture Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa