Connected agriculture can be defined as the implementation of advanced technologies to improve, manage, and control farming activities, which results in increased production and quality of agricultural products. Advancements in digital technologies have made it possible to collect and leverage a huge amount of data at minimal costs, which will help in making farming operations more insight-driven, and potentially more productive and efficient. Connected agriculture aims at providing real-time data about soil conditions, moisture levels, and weather conditions to plan for harvesting effectively and also help farmers, agribusinesses, fertilizer companies, and food and beverage companies to connect with potential buyers, traders, and sellers.

The connected agriculture market growth is mainly influenced by increasing demand for advanced farming solutions to maximize crop yields using minimum resources such as water, fertilizers, and seeds. By implementing various connected agriculture solutions, farmers and businesses will be able to do better time management at the farm level with less use of resources.

The globally connected agriculture market size is projected to reach USD 7.22 billion by the end of 2026. The demand for smart water management will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Connected Agriculture Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Application (Pre-Production Management, In-Production Management, Post-Production Management) and Regional Forecast, 2019-2026,” the market was worth USD 1.84 billion in 2018 and will exhibit a CAGR of 19.1% during the forecast period, 2019-2026.

The increasing demand for inventory and labor management in agricultural activities will create a wide adoption of connected agriculture across the world. Recent technological advancements in these systems have yielded products of high caliber. A few of the latest connected agriculture systems cater to the environmental-preservation needs. The increasing awareness regarding water consumption and shortages and contributions from the government as well as private organizations will have a direct impact on the market in the coming years. The use of automated concepts such as artificial intelligence and machine learning have allowed improved efficacies. The rising demand for maximum product efficacies with minimum energy consumption will emerge in favor of the companies operating in this market.

The report provides a thorough analysis of the globally connected agriculture market across five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It analyzes the ongoing trends in each of these regions and highlights the products that have witnessed the highest demand. Besides this, it highlights the factors that have had the highest impact on the market in recent years. The competitive landscape has been discussed in detail and predictions have been made with respect to leading companies and the strategies adopted by these companies. Moreover, the report includes market figures for a forecasted period of 2019-2026.