The Global Connected Agriculture Market has grown at a significant growth rate in the past few decades. The report insights into the market shares, revenues, and trends. It discusses the data assessments and specifics of the market size and the industry. The report signifies the trending branding assessments of the top grooming companies of the world. The report gives a bright light to the regional and volumetric analysis of different countries such as China, Russia, Spain, France, Italy, South Korea, Australia, North America, and South America. It imparts the current and future potential opportunities of the industry. The report delivers the serious scenes faced by the industry during the COVID 19 pandemic. Henceforth, the report examines the potential impact of the Connected Agriculture Industry on the sector.
According to the research report, Connected Agriculture Market: Segmented By Application (Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management); By Platform (Device Management, Application Enablement, and Connectivity Management) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030, say that Connected agriculture refers to the using technology to monitor, analyze, manage, control, and ultimately improve key agricultural processes during all stages of the farming cycle: pre-production, production, and post-production. Connected agriculture involves four main steps: data detection, data communications, and data storage. Different stakeholders such as farmers, farmers, livestock producers, farming cooperatives, agricultural businesses, grapes, seed companies, fertilizer enterprises, food and drink companies, and governments can use the information gathered from these steps to make actual decisions that maximize their return on investment. Additionally, issues like global warming, deforestation, and other environmental issues are hindering food production and livestock farming in many developing countries around the world. Connected farming solutions enable farms, such as water, seeds, land areas, and fertilizers, to use their scarce resources optimally to meet the increasing demand for food.
In 2020, the Global Connected Agricultural Market was valued at USD billion and is projected to reach a significant USD billion in the worldwide markets by the end of 2030. It is expected to grow by a double-digit CAGR during the forecast period. IBM (US), Microsoft (US), AT&T (US), Deere & Company (US), Accenture (Ireland), Cisco (US), Oracle (US), Iteris (US), Trimble (US), SMAG (France), and SatSure (UK) are some of the prominent companies in the worldwide markets that are contributing constantly to increasing the market size of the sector.
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North America accounted for the highest market share is dominating the market and is expected to continue its dominance during the forecast period. Additionally, countries such as Europe (Germany, UK, France, Russia, and Spain); Asia-Pacific (China, Japan, South Korea, and India); the Middle East and Africa (UAE, South Africa, and Saudi Arabia); South America (Columbia, Brazil, and Argentina) and Australia are increasing the spending from the region will further support the consumption of the Global Connect4ede Agriculture Market.
The COVID 19 crisis has created a slightly negative impact on the Global Connected Agricultural Industry globally. Likewise, other industries, such as the Connected Agricultural Industry have also gained losses during the pandemic. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations, travel bans and quarantines, restaurants closed all indoor or outdoor events restricted. This leads to making uncertainty in the market with the immense reduction of customers, supply chains and hence causing unemployment.
However, the market is regaining its growth at the original pace by the second half of 2021. Connected agriculture is helping farmers to automate farm gear, increase agricultural returns, reduce work, increase productivity and improve overall efficiency. Rising concerns about achieving the desired level of stability with complex feed formulations can pose challenges for product prescribers. Besides providing information regarding numerous countries in the Global Connected Agriculture Industry, the report recalibrates the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Global Connected Agriculture Sector.
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Global Connected Agriculture Market Analysis
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