Connected Agriculture Market


Posted December 2, 2021 by sandycool

Connected Agriculture Market is valued at 2.2 Billion USD in 2021. The market is expected to grow at a CAGR of 18.5% over the forecast period to reach a valuation of 4.7 Billion USD in 2026.

 
Connected Agriculture Market is valued at 2.2 Billion USD in 2021. The market is expected to grow at a CAGR of 18.5% over the forecast period to reach a valuation of 4.7 Billion USD in 2026.

Connected agriculture is defined as the use of advanced technological solutions and services to improve, manage, and control the farming activities involved in pre-production, in-production, and post-production. The main aim of a connected farm is to apply existing telecommunications technologies to increase the control over the farming facilities, which in turn will result in more efficient farm management; these are the main factors that have considerably increased the demand for the Connected Agriculture, thereby driving the growth of the Connected Agriculture market in the upcoming years.

To know more read:

https://www.marketdataforecast.com/market-reports/connected-agriculture-market

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Connected Agriculture is mainly due to the growing demand for agri-mobile driven solutions to boost farmers revenue is driving the market, Rise in the farm yield coupled with reduced dependency on labour, surge in global population compelling shift towards smart agriculture practices and increasing availability of weather forecast and predictability tools and services are the major factors attributable to the growth of connected agriculture market ,connected agriculture has improved the access to financial solutions, capacity of connected agriculture to deliver relevant data to farmers, including weather forecasts, cutting edge farming methods, commodity rates , these are the main factors that have considerably increased the demand for the Connected Agriculture, thereby driving the growth of the Connected Agriculture market in the upcoming years.

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Report is segmented as:

Connected Agriculture Market is segmented on the basis of by component, on the basis of by application:

* Connected Agriculture Market is segmented on the basis of by component into Solution, Platforms, and Services
* Connected Agriculture Market is segmented on the basis of by application into Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management
Geographical Segmentation:
Connected Agriculture Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Connected Agriculture is due to the increased adoption of connected agriculture by the small and marginal farmers are the factors to have a huge growth in the Connected Agriculture Market, followed by Europe, Latin America and Middle East & Africa will register a slower increase in the Connected Agriculture Market

Impact of COVID-19 on Market

Covid-19 pandemic has impacted the growth of the Connected Agriculture market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Connected Agriculture market. Covid-19 pandemic has impacted huge on the sales revenue of Connected Agriculture market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Connected Agriculture market growth

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Issued By Market Data Forecast
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Business Address 2nd Floor, Lakeview Plaza, Kavuri Hills
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Country India
Categories Business
Tags connected agriculture market
Last Updated December 2, 2021