Connected Agriculture Market Increasing at A Phenomenal Pace to Reach more than USD 5.8 Billion by 2028

04-Aug-2021 | Zion Market Research

Major companies in Connected Agriculture market are Sony, HTC Corporation, and Samsung Electronics amongst others. These players are set to bolster the development of Connected Agriculture market.

According to analysts at Zion Market Research, the Connected Agriculture market accounted for more than USD 1.4 Billion in 2020 and is expected to reach more than USD 5.8 Billion by 2028, growing at a CAGR of 19.9% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Connected Agriculture Market By Application(Smart Logistics and Smart Irrigation), By Service(Bartering, Trading and Tendering), By Solution (Micro Lending Services, Micro Insurance Services, Mobile Payment Services, Mobile Information Services and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Global Connected Agriculture Market Size

Rising demand for advanced farming to Spur Growth

Rising demand for advanced farming solutions to improve the agricultural productivity is an important factor fostering the growth of market. Rising initiatives by the government to improve the overall scenario of agricultural sector is another important factor fostering the growth of the market. Upsurge in the demand for field management, inventory management and labor management solutions have further generated lucrative growth opportunities for the underground utility mapping market.

Global- Connected Agriculture -Market

North America dominates the connected agriculture market and is set to continue to flourish its dominance during the forecast period as well. This is because of the increased adoption of connected agriculture by the small and marginal farmers. Large scale availability of advanced agricultural and farming equipment is fostering the market growth across countries in this region. However, it is Asia-Pacific that is set to score the highest CAGR for the forecast period owing to the growing investment in connected agriculture and implementation of cloud based solutions.

Citing an instance, in December 2018 - IBM partnered with Hello Tractor (on-demand mobile platform providing tractors) to include several technologies, including the Watson Decision Platform for Agriculture, Blockchain , the Internet of Things and IBM Cloud, to the app.

Presence of Big Players In The Region Support North American Dominance

North America dominates the connected agriculture market and is set to continue to flourish its dominance during the forecast period as well. This is because of the increased adoption of connected agriculture by the small and marginal farmers. Large scale availability of advanced agricultural and farming equipment is fostering the market growth across countries in this region. However, it is Asia-Pacific that is set to score the highest CAGR for the forecast period owing to the growing investment in connected agriculture and implementation of cloud based solutions.

Browse the full Connected Agriculture Market By Application (Smart Logistics and Smart Irrigation), By Service(Bartering, Trading and Tendering), By Solution (Micro Lending Services, Micro Insurance Services, Mobile Payment Services, Mobile Information Services and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/connected-agriculture-market

The Connected Agriculture market is segmented as follows:

By Application

  • Smart Logistics
  • Smart Irrigation

By Service

  • Micro Lending Services
  • Micro Insurance Services
  • Mobile Payment Services
  • Mobile Information Services
  • Others

By Solution

  • Trading
  • Tendering
  • Bartering

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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