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 Attribute | Details |
| No. of Pages | 161 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.5 Billion |
| Forecasted Market Value (USD) by 2030 | $11.5 Billion |
| Compound Annual Growth Rate | 16.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Connected Agriculture: Market Overview
- COMPETITION
- Global Connected Agriculture Market: Percentage Breakdown of Volume Sales by Leading Players
- Connected Agriculture - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Government Initiatives in Agriculture Industry Fuels Demand for Connected Agriculture
- Poor Connectivity: A Major Constraint in Growth of Connected Agriculture
- Huge Capital Investment acts as a Speed Breaker in Building Connected Agriculture Infrastructure
- Adoption of Sophisticated Farming Techniques: A Major Growth Driver
- Ever-Increasing Global Population Compels Shift towards Connected Agriculture
- High Deployment Costs: A Restraint
- Agri-Mobile Driven Solutions Propels Demand for Connected Agriculture
- Demand for High Agricultural Productivity Supports Growth of the Market
- Internet of Things (IoT) Plays a Major Role in Connected Agriculture
- IoT Applications in Smart Agriculture
- Global Agricultural IoT Device Market: Unit Shipments In Million
- Global Agricultural Drone Market: Value Sales in US$ 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
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