Connected agriculture market: Historic industry size & analysis of 15 vendors and 7 countries

NEW YORK, Dec. 12, 2022 /PRNewswire/ — The connected agriculture market size is forecast to increase by USD 4148.92 million from 2022 to 2027, at a CAGR of 18.61%, according to the recent market study by Technavio. The growth of the market will be driven by maximizing profits in farm operations, the need to monitor weather and climatic changes in agriculture, and the integration of IoT in farming.

Technavio categorizes the global connected agriculture market as a part of the information technology (IT) spending market, which covers revenue generated from the sales and subscription of IT services, communications services, cloud services, IT hardware, and IT software. Technavio calculates the global IT spending market size based on spending on various IT solutions by various end-user industries such as healthcare; banking, financial services, and insurance (BFSI); retail; transportation; media and entertainment; and construction.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Accenture Plc, Ag Leader Technology, AGCO Corp., Cisco Systems Inc., Decisive Farming Corp., Deere & Co., Epicor Software Corp., Gamaya, International Business Machines Corp., Iteris Inc., Link Labs Inc., Microsoft Corp., Oracle Corp., Orange SA, and Sage Group Plc.

Key Benefits for Industry Players & Stakeholders –

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.

• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 

• Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.

• Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the connected agriculture market by industry experts to evaluate and develop growth strategies.

The market is segmented by component (solution, platforms, and services), application (in-production management, post-production management, and pre-production management), and geography (North America, APAC, Europe, South America, and the Middle East and Africa).

Segmentation by component (Inclusion/Exclusion)

The solution segment grew gradually by USD 814.74 million in 2017 and continued to grow till 2021. Solutions such as satellite imaging of farm fields allow farmers to assess crop growth and crop rotation cycles. It helps them in predicting soil moisture and dryness, soil erosion, and other elements that promote crop growth, thereby increasing the production output and the quality of food. Connected agriculture solutions also alert farmers about unusual soil conditions, which can support them in making quicker and more informed crop production decisions. Many such benefits are fostering the growth of the segment.

To get detailed insights about inclusions and exclusions, buy now.

Related Reports –

• The precision agriculture market size is expected to increase by USD 6.03 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 13.55%. The rise in investments in agricultural technologies is notably driving the precision agriculture market growth, although factors such as the requirement for high initial investment may impede the market growth.

• The center pivot irrigation systems market is projected to grow by USD 1.31 billion with a CAGR of 14.13% during the forecast period 2021 to 2026. The growing focus on the efficient use of natural resources is notably driving the center pivot irrigation systems market growth, although factors such as the growing threat from substitute irrigation systems may impede the market growth.

What are the key data covered in connected agriculture market?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the connected agriculture market between 2023 and 2027

• Precise estimation of the size of the connected agriculture market size and its contribution of the market in focus to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the cloud data warehouse market industry across APAC, North America, Europe, Middle East and Africa, and South America

• Thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of connected agriculture market vendors

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Component

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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SOURCE Technavio