Connected Agriculture Market Size to Grow by USD 3.63 Bn | Maximizing Profits in Farm Operations to Boost Market Growth | 17,000+ Technavio Research Reports

The connected agriculture market report is segmented by component (solution, platforms, and services) and geography (North America, APAC, Europe, South America, and MEA).  North America will be the leading region with 36% of the market's growth during the forecast period. The US and Canada are the key markets for connected agriculture in North America.

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Key Market Dynamics:

• Market Driver
• Market Challenges

The connected agriculture market is driven by factors such as maximizing of profits in farm operations. The yield and output of crops and animals should be maximized to gain profits in farming. Connected agriculture technology helps farms monitor and regulate remote operations and provide logical data to analyze several aspects of agriculture farms. Smart or precision agriculture enables farmers to enhance deliverables. Smart sensors, satellite imagery, and other cloud-based technologies are useful for observing and recording data during crop planting, harvesting, maximizing production output, and minimizing the cost of resources. This will help in increasing production and saving labor costs, thereby driving the growth of the connected agriculture market.

The connected agriculture market will be challenged by factors such as the knowledge gap between farmers and technology providers during the forecast period. Countries such as India and China are major agriculture producers. These countries are potential markets for connected agriculture providers. However, the lack of awareness and funds is restricting the market in these countries. Some farmers do not prefer to adopt connected agriculture methods due to lack of trust in the technology. Farmers, particularly in regions such as APAC, mistrust AI technology due to a low awareness level. These factors are restricting the growth of the AI market in agriculture-oriented countries.

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Some Companies Mentioned with their offerings        

• Ag Leader Technology - The company offers InCommand that offers year-round precision machine control and instantaneous information to simplify crucial decisions that impact yield and profitability.
• Cisco Systems Inc. - The company offers Cisco connected agriculture that offers integrates IoT with mechanized farming, deployment of condition monitors and sensors equipment, and many more.
• Decisive Farming Corp. - The company offers My Farm Manager that acts as the central hub for farms. It tracks and accesses all historical information to accurately plan for the future.
• International Business Machines Corp. - The company offers IBM Environmental Intelligence Suite for regenerative agriculture that provides AI-driven insights for the agriculture system.
• Iteris Inc. - The company offers ClearPath Ag Select, which provides access to high-resolution weather information and mapping visualization for real-time decision support.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation 
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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