Connected Agriculture Market Size, Share & Trends Analysis – Global Opportunity Analysis And Industry Forecast 2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Connected Agriculture market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Connected Agriculture market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis
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The global connected agriculture market size was US$ 2.5 billion in 2021. The global connected agriculture market is forecast to grow to US$ 9.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 15.1% during the forecast period from 2022 to 2030.
The use of modern technical solutions and services for the improvement, efficient management, and control of pre-production, in-production, and post-production farming activities is referred to as connected agriculture. Connected agriculture encompasses various factors such as data detection, data communications, and data storage.
Factors Influencing the Market
Connected agriculture technology provides farmers with the necessary skills and insights about various techniques for increasing farm productivity, seed and fertilizer use, etc. Moreover, it allows farmers to have real-time information about weather and other topics. Thus, such benefits of connected agriculture will primarily drive the growth of the market during the study period.
The rising global population is leading the demand for food products. Thus, it will surge the demand to increase food production, which will bring lucrative opportunities for the global connected agriculture market during the study period. Apart from that, connected farming solutions enable the farm to use resources like water and seed efficiently and increase agricultural returns. It also reduces the work burden on the farmers, which is likely to boost the growth of the global connected agriculture market during the forecast period.
The high capital investment required for connected agriculture may restrict the growth of the market. On the contrary, growing technological advancements will open doors of opportunities for the global connected agriculture market during the study period.
COVID-19 Impact Analysis
COVID-19 has highlighted the vulnerabilities of low- and middle-income countries’ agricultural and food systems (LMICs). Income declines and food supply disruptions exacerbate extreme poverty and pose a threat to food security, forcing farmers to make difficult decisions.
According to the World Bank’s COVID-19 Household Monitoring Dashboard, 76% of households with farm income in Ghana saw their income decline in the previous year as of April 2021. In the Philippines, that figure has risen to 80%. However, connected agriculture has helped various farmers enhance their yield. Thus, the demand for connected agriculture is likely to increase in the coming years.
Regional Analysis
North America will hold the highest share in the global connected agriculture market, majorly due to the rising adoption of the technology among smallholder farmers. Moreover, the farms in the region are well-equipped with agricultural equipment, which will contribute to the growth of the market. Furthermore, rising investments in connected agriculture and cloud-based solutions will also benefit this regional connected agriculture market during the study period.
Competitors in the Market
- SAP SE
- 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
Market Segmentation
The global connected agriculture market segmentation focuses on Component, Application, and Region.
By Component
- Solution
- Network Management
- Agriculture Asset Management
- Supervisory Control
- Service
By Application
- Smart Logistics
- Smart Irrigation
- Farming Planning and Management
COVID-19 – Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout. A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
Informational Takeaways from the Market Study: The report includes the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development’s in the Market: This report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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The study objectives of this report are:
Important Features that are under offering & key highlights of the report:
– Detailed overview of market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards market performance
– Market players information to sustain and enhance their footprint
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Connected Agriculture Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Connected Agriculture market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Connected Agriculture Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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