Global Connected Agriculture Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Connected Agriculture Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Connected Agriculture Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Connected Agriculture Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Connected Agriculture is a term which use the technology in agriculture sector such as SMS based applications, smartphones, connectivity network, environmental sensors, and others. With the help of this technology knowledge is provided to the farmers by means of different tools, strategies, pesticides, seeds, fertilizer, fuel, and machinery used in agriculture.
The demand for smart water management solution is increasing which gives rise to the market growth. There are many different elements responsible for the growth of the market includes rising demand for Bring Your Own Device (BYOD), increasing network management solutions, and upsurge in unpredictability of whether.
There are tremendous growth opportunities in this market. Few number of players are present in developing countries which is again the grate opportunity for the market. Today, there is limited availability of cultivable land as well as the cost of deployment is very high which are the restraining elements of the market. The market have to face several challenges such lack of knowledge about connected agriculture.
Key Question Answered:
-What will be the market size in 2025 and at what rate it will grow?
-Who are the major key players in global Connected Agriculture market and what are their strategies?
-Which vertical industry is expected to show major growth?
-What segment and region will lead the market and why?
The major companies profiled in the report include: Cisco Systems Inc., IBM Corporation, PTC Inc., SAP SE, Trimble Navigation Ltd., Vodafone PLC, Accenture Plc, Microsoft Corporation, AT&T Inc., and Link Labs LLC.
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