Global Connected Agriculture Market Outlook

Connected Agriculture Market is anticipated to rise at a value CAGR of 18.18% over 2019-028.Connected Agriculture Market. Connected Agriculture is generally the use of advanced technological solutions to improve, enhance and thus manage, and control farming activities. Connected Agriculture has improved access to financial solutions. This technology helps to connect with buyers, sellers, distributors, etc. The rise in population growth and the increase in demand for crops have driven the market growth.

Top Driver: Water Management Program by Farmers have driven the market growth
Proper irrigation activities and a rise in the concern regarding water loss are driving the Market of Connected Agriculture. Water management is done using (IoT), mobile applications, and big data analytics have driven market growth. IoT networks are used to collect information regarding water usage, air humidity, and soil moisture have enhanced market growth. Various technological advances use of mobile phones, and new wireless technologies in various agricultural operations have further driven the market growth.

Solution Segment Have Dominated the growth in the Connected Agriculture Market
Based on the Component segment, the Solution segment have obtained the highest growth, remote monitoring technologies in Connected Agriculture helps in improving the yield of the crops., it has also helped in improving the production output and thus have enhanced the overall growth and thus also have improved the quality of the crops. It also helps in the financial transactions of the farmers. The IoT solutions also help in keeping track of health-related issues.

In terms of Platform Device Management, has obtained the most significant growth as it assists organizations in managing, tracking, sustaining and securing, abundant devices that are used in connected agriculture deployment
In terms of the Application segment, In-production planning and management has obtained the highest growth as it helps in water and irrigation management, crop scouting, production monitoring, maintenance, animal tracking, navigation, agriculture finance, and insurance management.

Due to the Presence of Key players North America Rule the Regional Market
The majority of key players like IBM, Microsoft, AT&T, Deere & Company, etc. are expected to drive the market growth of the region. North America has the presence of a large number of connected agriculture vendors, and a reduction in prices of agricultural equipment is enhancing the regional market growth. The technological advancements in the connected agriculture market are further escalating the growth in North America. The adaptation of this technology and the adoption of digitalization by Farmers and traders in the region for connected agriculture are boosting regional growth. The farms are well-equipped farming equipment and the use of advanced technologies, such as IoT, AI big data, data analytics are driving the Connect Agriculture Market in the region and has driven further regional growth.

Collaborations, Mergers, and Acquisition are the major strategies of the competitors in the Market
The Players of the Global Connected Agriculture Market are fragmented. Mergers, Partnerships, Acquisitions are the major strategies used by the competitors. The key competitors of the Global Connected Agriculture Market are IBM, Microsoft, AT&T, Deere & Company, SAP SE, Accenture Cisco, Trimble, SMAG Ag Leader Technology, and Decisive Farming
IBM: IBM is a giant competitor of the Connected Agriculture Market; for instance, in the year 2018, IBM had announced the acquisition of outstanding common shares of Red Hat, The deal for the acquisition was done for USD 34 billion. The acquisition was made by IBM to become World no 1 Hybrid Cloud Provider.
Microsoft: Microsoft is popular in the Connected Agriculture Market. In June 2018, Microsoft had announced the acquisition of open-sourced software platform GitHub. This acquisition was made by Microsoft for USD 7.5billion. Microsoft had made this acquisition to strengthen its product portfolio.
Accenture: Accenture is one of the key competitors in the Market. Services (AWS) cloud services company, Accenture had made this acquisition to strengthen its product portfolio

Scope of the Report
By Component
Solution
Services
By Platform
Device Management
Connectivity Management
Application Enablement
By Application
Pre-Production Planning and Management
Post-Production Planning and Management
In-Production Planning and Management
By Region
North America
Europe
Asia Pacific
Rest Of World

Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.