According to a market report by Lucintel, the future of the global connected agriculture market looks promising with opportunities in the pre-production planning and management, in-production planning and management, and post-production planning and management markets. The global connected agriculture market is expected to reach an estimated $16 billion by 2030 with a CAGR of 17.6% from 2024 to 2030. The major drivers for this market are government measures to modernize the agriculture business, growing need to reduce labor costs and increase farm yield, and the use of mobile technologies into farm operations.
In this market,
solution, platforms, and services are the major segments of connected
agriculture market by component.
Lucintel forecast that
platforms is expected to witness largest segment over the forecast period
because of growing need for access via connected devices and rising demand to
manage, improve, and control farming activities.
Within this market,
pre-production planning and management will remain the largest segment because
of utilizing linked agriculture technologies more often to run farms more
profitably and more efficiently.
North America is
expected to witness highest growth over the forecast period because the
government measures to promote sustainable farming methods are growing in order
to reduce the amount of water wasted, chemical run-off, and carbon dioxide
emissions that degrade the environment.
IBM, Microsoft,
AT&T, Deere & Company, SAP SE, Accenture, Decisive Farming, Gamaya, and
Satsure are the major suppliers in the connected agriculture.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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