Connected Agriculture Market New Innovations in Agriculture Sector 2018 to 2023

PUNE, India, August 29, 2018 /PRNewswire-iReach/ -- The Connected Agriculture Market has been valued at USD 1.54 billion is expected to grow at a CAGR of 17.05 % over the forecast period (2018-2023) to reach a market value of USD 3.939 billion by 2023.

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Connected Agriculture production region, major players, and product type which will provide a simplified view of the Connected Agriculture industry. The Connected Agriculture market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Connected Agriculture market which will help the emerging market segments in making vital business decisions.

Global Connected Agriculture Market by Top Manufacturers (2018-2023): Google Llc, Cisco Systems, Inc., Ibm Corporation, Parametric Technology Corporation, Inc, Sap Se, Trimble Navigation Ltd., Microsoft Corporation, Vodafone Group Plc, Accenture Plc, Onfarm, Orange Business Services, At&T, And Link Labs Llc, Amongst Others.

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Essential points covered in Connected Agriculture Market 2018 Research are:-

• What will the market size and the growth rate be in 2023?
• What are the key factors driving the Connected Agriculture market?
• What are the key market trends impacting the growth of the Connected Agriculture market?
• What are the challenges to market growth?
• Who are the key vendors in the Connected Agriculture market?
• What are the market opportunities and threats faced by the vendors in the Connected Agriculture market?
• What are the key outcomes of the five forces analysis of the Connected Agriculture market?

This independent 111 pages report guarantees you will remain better informed than your competition. With figures examining the Connected Agriculture market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2023.

Growing Demand for Smart Devices and Applications in the Agriculture Sector

The accelerated rise of large amounts of data generated from the various Smart and IOT devices which include solutions to improve agricultural farming could witness a rapid adoption. This rise in demand is further supported by proliferation in the number of smartphone, leading to the growth of a connected agriculture market. Developing regions are anticipated to have a significant growth of connected agriculture market during the forecast period (2018-2023) owing to the implementation of various agri-mobile based solutions by major telecom operators to raise farmers' income as well as reduce the loss of nutritional value of the production during transit.

However, the growth of globally connected agriculture market is held up by a lack of awareness regarding innovative solutions in remote areas and lack of infrastructure for the connected agriculture market. Big IT firms such as IBM Corporations, Microsoft Corporation, and CISCO Ltd are continually developing new technologies to ease down the burden on farmers to under the up gradation of existing mobile technology.

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North America Expected to Hold a Dominant Share in the Forecast Period

The North America region is projected to have the largest growth in demand, during the forecast period (2018-2023), which provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. Owing to this, enterprises are growing rapidly in this North America region and have a heavy demand for connected agriculture market. Therefore, the North American region is to have the highest market share in the connected agriculture market. The major trends responsible for the growth of connected agriculture market in the North American region include the growing number of devices and the dependency on Smart devices that include IoT devices as well, advanced agricultural techniques and robust agricultural infrastructure and facilities are expected to drive the connected agriculture market.

Reasons to Purchase This Report

• Provides latest insights into Global Connected Agriculture market.
• Analyzing various perspectives of the market with the help of Porter's five forces analysis
• To understand the dominating technology in the market
• The region that is expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players
• 3 months analyst support along with the Market Estimate sheet (in Excel)

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SOURCE Industrydataanalytics