Connected Agriculture Global Market to Reach $11.5 Billion by 2030: Agri-Mobile Driven Solutions Propels Demand


Dublin, April 11, 2023 (GLOBE NEWSWIRE) -- The "Connected Agriculture - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Connected Agriculture estimated at US$3.5 Billion in the year 2022, is projected to reach a revised size of US$11.5 Billion by 2030, growing at a CAGR of 16.2% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record a 17.2% CAGR and reach US$5.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 15.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $947.3 Million, While China is Forecast to Grow at 21.7% CAGR

The Connected Agriculture market in the U.S. is estimated at US$947.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 21.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 13.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2030.

Select Competitors (Total 18 Featured) -

  • Accenture PLC
  • AT&T, Inc.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Link Labs, Inc.
  • Microsoft Corporation
  • Parametric Technology Corporation
  • SAP SE
  • Trimble Navigation Ltd.
  • Vodafone Group PLC

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages161
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$3.5 Billion
Forecasted Market Value (USD) by 2030$11.5 Billion
Compound Annual Growth Rate16.0%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Connected Agriculture: Market Overview
  • COMPETITION
  • Global Connected Agriculture Market: Percentage Breakdown of Volume Sales by Leading Players
  • Connected Agriculture - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Government Initiatives in Agriculture Industry Fuels Demand for Connected Agriculture
  • Poor Connectivity: A Major Constraint in Growth of Connected Agriculture
  • Huge Capital Investment acts as a Speed Breaker in Building Connected Agriculture Infrastructure
  • Adoption of Sophisticated Farming Techniques: A Major Growth Driver
  • Ever-Increasing Global Population Compels Shift towards Connected Agriculture
  • High Deployment Costs: A Restraint
  • Agri-Mobile Driven Solutions Propels Demand for Connected Agriculture
  • Demand for High Agricultural Productivity Supports Growth of the Market
  • Internet of Things (IoT) Plays a Major Role in Connected Agriculture
  • IoT Applications in Smart Agriculture
  • Global Agricultural IoT Device Market: Unit Shipments In Million
  • Global Agricultural Drone Market: Value Sales in US$ Million for Years 2015 through 2021
  • INNOVATIONS & ADVANCEMENTS
  • IBM Enters into Partnership with Government of India to Develop Crop Yield Prediction Model
  • Microsoft and CNH Industrial Enter into Partnership to Redefine the World of Connected Agricultural Machines and Industrial Vehicles
  • PRODUCT OVERVIEW
  • Connected Agriculture: An Overview
  • Information & Communications Technology in Agriculture: An Insider
  • Agricultural Drone: An Insight
  • REGIONAL MARKET OVERVIEW
  • European Union (EU) Agricultural IoT Market: Active Connections in Million

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/r5qwsl

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Market for Connected Agriculture

Coordonnées