DUBLIN, Apr. 5, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Connected Agriculture Market - By Solutions, Services, Applications, Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.
The global connected agriculture market was 402.76 million USD in 2016 and is estimated to reach 1190.66 million USD by 2022, at a CAGR of 19.8% for the forecasted period.
Industry is witnessing various trends to overcome the challenges faced by the industry. Some of them include usage of shared computing, Collaboration among various networking methods, etc. ICT-based agricultural development services focus on enhancing the skills and knowledge of smallholder farmers and enabling smallholder value chains to improve their competitiveness and flourish. Mobile operators are on the verge of setting up the infrastructure to facilitate the same.
For instance, the Vodafone Farmer's Club service in Turkey uses mobile technology to give farmers the information they need to improve their harvests and livelihoods, saving them time and money.
North America leads the market in 2016 and continues to dominate for the forecasted period. However, the market share would decline over years. APAC, being a niche market currently, is forecasted to have the fastest growth rate for the period.
Ease of performing business is the key factor driving the market. With the usage of mobiles, lot of transactions happen across various functionalities. Information like price related, news, agronomy advices, weather information are useful for farmers. However, factors like obtaining ground level information, providing technology access to smallholder farmers and to such areas poses a challenge.
APAC is the region of focus to gain maximum advantage during the forecasted period. From the services point of view, connectivity to the last mile, improved quality of smart services drive investments for the market.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
4. Connected Agriculture Market Segmentation, Forecasts and Trends - by Revenue
5. By Solutions
6. By Services
7. By Application
8. By Region
9. Competitive Landscape Analysis
10. Investment Scenario
- Mutual Mobile
- Trimble Navigation
For more information about this report visit http://www.researchandmarkets.com/research/scm5db/global_connected
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-connected-agriculture-market-2022-market-was-40276-million-usd-in-2016-and-is-estimated-to-reach-119066-million-usd-by-2022-at-a-cagr-of-198---research-and-markets-300435398.html
SOURCE Research and Markets