Global Connected Agriculture Market – Industry Trends and Forecast to 2026

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Global Connected Agriculture Market By Component (Solution, Platforms, Services), Application (Pre-Production Planning and Management, In-Production Planning and Management, Post-Production Planning and Management), Geography (North America, South America, Europe, Asia-Pacific and Middle East & Africa) – Industry Trends and Forecast to 2026 

Market Analysis: Global Connected Agriculture Market

Global connected agriculture market is estimated to rise 2026, registering a healthy CAGR of 18.7% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the increase in the farm yield and reduce dependency on labour, surge in global population compelling shift towards smart agriculture practices and increase in unpredictability of weather.

Market Definition: Global Connected Agriculture Market

Connected agriculture is an advanced farming solution which resolves many issues with the help of advanced technology such as mobile technology, sensors, satellite imagery, GPS and big data analytics. Giant players are making farming smart by investing in cloud-based software in order to analyse various variables including sunlight, climate, nitrogen, soil moisture and pests. Latest technologies and developments would enhance the growth of connected agriculture.

Market Drivers:

  • An increase in the farm yield and reduced dependency on labour is enhancing its market growth
  • Initiatives taken by the government to improve the agriculture sector would boost the market
  • Advancement in technology drives the market growth
  • Increase in unpredictability of weather acts as a driver for this market

Market Restraints:

  • Least knowledge among farmers regarding connected agriculture is restraining the market growth
  • Limited availability of arable land is hampering the market growth
  • High cost of deployment is hindering the market growth

Segmentation: Global Connected Agriculture Market

By Component

  • Solution
    • Network Management
      • Remote Monitoring
      • Network Bandwidth Management
      • Analytics
      • Network and Application Security
    • Agriculture Asset Management
    • Supervisory Control & Data Acquisition
    • Logistics & Supply Chain Management
    • Smart Water Management
  • Platforms
    • Device Management
    • Application Enablement
    • Connectivity Management
  • Services
    • Consulting
    • Integration and Implementation
    • Support and Maintenance

By Application

  • Pre-Production Planning and Management
    • Field Mapping
    • Crop Planning and Yield Monitoring
    • Weather Tracking and Forecasting
    • Farm Labour Management
    • Equipment Monitoring and Maintenance
  • In-Production Planning and Management
    • Water and Irrigation Management
    • Breeding and Feed Management
    • Crop Scouting
    • Production Monitoring and Maintenance
    • Animal Tracking and Navigation
    • Agri-Finance and Insurance Management
  • Post-Production Planning and Management
    • Processing
    • Inventory Management
    • Transportation
    • Quality Assurance and Control

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In August 2018, BASF acquired the Bayer. BASF strategize to complement own crop protection, digital and biotech activities, entrance into the seed market and nematicide seed treatments. The acquisition would help BASF to transform their agriculture business and strengthen position in agriculture market while creating new opportunities for growth
  • In September 2016, Bayer acquired Monsanto for USD 128 per share. With the acquisition, Bayer aimed to strengthen their agricultural division and reinforcement of their life science portfolio

Competitive Analysis

Global connected agriculture market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of connected agriculture market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global connected agriculture market are Cisco Systems, Inc., Decisive Farming, IBM Corporation, PTC, SAP SE, Trimble Inc., Microsoft, Vodafone Group, Accenture, AT&T Intellectual Property, LINK LABS, Orange Business Services, SYSPRO, Epicor Software Corporation, Deere & Company, Oracle, Iteris, Inc., SMAG, Ag Leader Technology, GAMAYA  and others.

Research Methodology: Global Connected Agriculture Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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