“Connected Agriculture Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on connected agriculture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for connected agriculture ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The connected agriculture market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Component: Solution; Platforms; Services
- 2) By Platform: Device Management; Application Enablement; Connectivity Management
- 3) By Application: Farm Planning And Management; Smart Logistics; Agriculture Finance; Smart Irrigation
- Companies Mentioned: Cisco Systems Inc.; IBM Corporation; SAP SE; Trimble Navigation Ltd.; Vodafone PLC
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the connected agriculture market are: Cisco Systems Inc., IBM Corporation, SAP SE, Trimble Navigation Ltd., Vodafone PLC, Accenture Plc, Microsoft Corporation, AT&T Inc., AG Leader Technology, Orange Business Services, Epicor Software Corporation, SAGE Ag, Syspro Technologies, Decisive Farming, Deere & Company, Iteris Inc., Link Labs LLC, AGCO Corporation, Oracle Corporation, and SMAG.
The global connected agriculture market is expected to grow from $2.64 billion in 2022 to $3.13 billion in 2023 at a compound annual growth rate (CAGR) of 18.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The connected agriculture market is expected to grow to $5.91 billion in 2027 at a CAGR of 17.2%.
The connected agriculture market consists of revenues earned by entities by providing connected agriculture services such as animal tracking and navigation, feed management, telematics solutions, and other types. The connected agriculture market also includes sales of sensors or measuring probes, disc harrows, and GPS/GNSS equipment which are used in providing connected agriculture services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Connected agriculture refers to the use of digital technologies and the Internet in agriculture and it is software that aids in setting up, controlling, and keeping track of internet of things (IoT) gadgets used in farming operations. Connected agriculture is used for the coordination of the many automated processes as well as the collecting of all farm data, which is then analyzed by a centralized system to alert the farmer to potential threats or just for guidance.
North America was the largest region in the connected agriculture market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of connected agriculture are solutions, platforms, and services. Solutions refer to a variety of technologies that are distributed via the internet or "the cloud", used to enable farmers and agricultural experts to increase crop yields and quality, boost crop yields, and automate some repetitive chores while producing important data across the organization. The different platforms include device management, application enablement, and connectivity management used for various applications such as farm planning and management, smart logistics, agriculture finance, and smart irrigation.
Increasing demand for crops is expected to propel the growth of the connected agriculture market going forward. Crops, in agriculture, refer to a plant or plant product that can be widely cultivated and harvested for income or dietary needs. Connected agriculture helps boost crop yields from existing land by tracking, evaluating, controlling, and ultimately enhancing crucial agricultural processes at all points in the farming cycle. For instance, India sets the target for total food grain production at 328 million tonnes for the year 2022-23 as compared to 316 million tonnes of total food grain production during 2021-22. Therefore, increasing demand for crops will drive the growth of the connected agriculture market.
Technological advancements have emerged as a key trend gaining popularity in the connected agriculture market. Major companies operating in the connected agriculture market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2021, John Deere, a US-based manufacturer of agricultural machinery and heavy equipment introduced "Work Planner" as a centralized tool to its operations center platform. As part of the most recent updates to John Deere's Digital Ecosystem, the 'Work Planner' software is being made available online. For the operator, this means that as soon as they pull into a paddock, a pop-up window on the Generation 4 CommandCenter opens with the Work Plan for that field, and they may start collecting data by clicking one button. Work Planner enables users to monitor equipment and fieldwork from anywhere using the Operations Center mobile app.
In November 2021, CNH Industrial N.V., UK-based equipment, and services company acquired Raven Industries for a deal amount of $2.1 billion. This deal is expected to enhance CNH Industrial's precision agriculture capabilities and scale and further strengthen CNH Industrial's position in the global market for agriculture equipment. Raven Industries Inc. is a US-based connected agriculture company that manufactures precision agriculture products, high-altitude balloons, plastic film and sheeting, and radar systems.
The countries covered in the Connected Agriculture market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The connected agriculture market research report is one of a series of new reports from The Business Research Company that provides connected agriculture market statistics, including connected agriculture industry global market size, regional shares, competitors with a connected agriculture market share, detailed connected agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the connected agriculture industry. This connected agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Connected Agriculture Market Characteristics
3. Connected Agriculture Market Trends And Strategies
4. Connected Agriculture Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Connected Agriculture Market
- 4.2. Ukraine-Russia War Impact On Connected Agriculture Market
- 4.3. Impact Of High Inflation On Connected Agriculture Market
5. Connected Agriculture Market Size And Growth
- 5.1. Global Connected Agriculture Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Connected Agriculture Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Connected Agriculture Market Segmentation
- 6.1. Global Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Solution
- Platforms
- Services
- 6.2. Global Connected Agriculture Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Device Management
- Application Enablement
- Connectivity Management
- 6.3. Global Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Farm Planning And Management
- Smart Logistics
- Agriculture Finance
- Smart Irrigation
7. Connected Agriculture Market Regional And Country Analysis
- 7.1. Global Connected Agriculture Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Connected Agriculture Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Connected Agriculture Market
- 8.1. Asia-Pacific Connected Agriculture Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Connected Agriculture Market
- 9.1. China Connected Agriculture Market Overview
- 9.2. China Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Connected Agriculture Market
- 10.1. India Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Connected Agriculture Market
- 11.1. Japan Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Connected Agriculture Market
- 12.1. Australia Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Connected Agriculture Market
- 13.1. Indonesia Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Connected Agriculture Market
- 14.1. South Korea Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Connected Agriculture Market
- 15.1. Western Europe Connected Agriculture Market Overview
- 15.2. Western Europe Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Connected Agriculture Market
- 16.1. UK Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Connected Agriculture Market
- 17.1. Germany Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Connected Agriculture Market
- 18.4. France Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Connected Agriculture Market
- 19.1. Eastern Europe Connected Agriculture Market Overview
- 19.2. Eastern Europe Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Connected Agriculture Market
- 20.1. Russia Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Connected Agriculture Market
- 21.1. North America Connected Agriculture Market Overview
- 21.2. North America Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Connected Agriculture Market
- 22.1. USA Connected Agriculture Market Overview
- 22.2. USA Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Connected Agriculture Market
- 23.1. South America Connected Agriculture Market Overview
- 23.2. South America Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Connected Agriculture Market
- 24.1. Brazil Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Connected Agriculture Market
- 25.1. Middle East Connected Agriculture Market Overview
- 25.2. Middle East Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Connected Agriculture Market
- 26.1. Africa Connected Agriculture Market Overview
- 26.2. Africa Connected Agriculture Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Connected Agriculture Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Connected Agriculture Market Competitive Landscape And Company Profiles
- 27.1. Connected Agriculture Market Competitive Landscape
- 27.2. Connected Agriculture Market Company Profiles
- 27.2.1. Cisco Systems Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. IBM Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. SAP SE
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Trimble Navigation Ltd.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Vodafone PLC
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Connected Agriculture Market
29. Connected Agriculture Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer