The article cited AMA's Global Connected Agriculture Market Study explored substantial growth with CAGR of 11.5%. According the report, Increase Adoption of Digital Farming Solution to Improve Risk Management and Value Chain Efficiency
is one of the primary growth factors for the market. Increase Demand of Linking Agriculture Value Chain by Agriculture Smart Holders Such As Banks, Insurance and Others
is also expected to contribute significantly to the Connected Agriculture market. Overall, Farm Planning & Management
applications of Connected Agriculture, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM (United States), Microsoft (United States), AT&T (United States), Deere & Company (United States), SAP SE (Germany), Accenture (Ireland), Cisco (United States), Oracle (United States), Iteris (United States) and Trimble (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Components, such as Solutions, is boosting the Connected Agriculture market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Platforms, such as Device Management, is boosting the Connected Agriculture market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Connected Agriculture market identified that the demand is rising in many different parts of the world as "Increase Demand from Canada, Due To Increasing Exporters of Agri-Foods Products
". Furthermore, some recent industry insights like "On Jun 14, 2023, Trimble introduced the Connected Farm solution. This suite of connected devices and software aims to provide farmers with real-time data on their fields and livestock." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Skilled Manpower and Lack of Industrial Standards for Data Management Applications in Connected Agriculture"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Connected Agriculture market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Connected Agriculture market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Connected Agriculture market tight? Which application/end-user category or Product Type [Network Management, Smart Water Management and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Connected Agriculture market and other related sub-markets covered in the study.
o Key & emerging players in the Connected Agriculture market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Connected Agriculture market size is calculated using market estimation process, the Connected Agriculture market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Connected Agriculture market size has been validated using both top-down and bottom-up approaches.