The global connected agriculture market size is expected to reach USD 12.57 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing need to ensure food security and increase agricultural processes efficiency and productivity to meet rising global food demand. Increasing implementation of advanced technologies to manage, enhance, and control farming activities is expected to drive growth of the global connected agriculture market during the forecast period. Increasing adoption of IoT sensors to aid in crop monitoring and cultivation in order to enhance farm operations and optimize agricultural processes are other major factors driving market growth.

 

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Some Key Highlights From the Report

  • In July 2020, Land O’Lakes Inc. and Microsoft Corporation announced a multiyear strategic alliance to launch new innovations in agriculture, expand sustainability practices for farmers, improve the supply chain, and minimize the rural broadband gap. The strategic alliance is expected to deliver solutions, which would help in increasing profit potential of farmers and drive adoption of sustainable agricultural practices.
  • Platforms segment accounted for largest revenue share in 2020. Rising need to constantly monitor and remotely control smart agriculture devices utilized in connected agriculture systems is projected to drive demand for device management platforms going ahead.

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Emergen Research has segmented the global connected agriculture market on the basis of component, application, and region:

  • Component Outlook (Revenue, USD Billion; 2018–2028)
    • Services
    • Solution
    • Platforms
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Pre-Production Planning and Management
    • In-Production Planning and Management
    • Post-Production Planning and Management
  • Regional Outlook (Revenue, USD Billion; 2018–2028)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. BENELUX
      5. Italy
      6. Spain
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. India
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA