Global Connected agriculture market is anticipated to reach US$3.26 Billion with an attractive CAGR of 18.23% during 2016 – 2023. There are many of the major drivers which enhancing the global Connected Agriculture Market are due increasing demand of BYOD devices in connected agriculture, increase in global population compelling shift towards smart agriculture practices, due to increasing network management solution segment and upsurge in demand of smart water management systems. Apart from this, there are many of the factors which are impacting directly on the growth of the connected agriculture market such as due to inadequate accessibility of arable land and due to increasing high cost of deployment.On the other hand, Introduction of more few key players in developing countries is one of the major growing opportunity ho impact on the overall growth of the connected agriculture market.
The Connected agriculture Marketis segmented on the basis of application (Farm Planning and Management, Agricultural Finance and others), on the basis of platform (Device Management, Application Enablement, and Connectivity Management), on the basis of services (Professional Services, and Managed Services), on the basis of solution (Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistics and Supply Chain Management, Smart Water Management and others), on the basis of component (solution, platform and services). Among them, Network management solution segment is anticipated accounted the major market share and is raise expressively by 2023. Network management transactions with all the operations connected to network which mainly contains numerous kinds of far-off monitoring deployments, additional confirming the management of its bandwidth.Network management is additionally differentiated into network bandwidth management, remote monitoring, network & application security and analytics. It also includes examination of the information created by numerous remote monitoring devices and certifying the security of the network in the connected agriculture system.
On the basis of geography, the global Connected AgricultureMarketis segmented into four major regions such as North America, APAC, Europe and RoW. Currently,North America is anticipated hold the largest market share and as well as highest CAGR for regarding connected agriculture market from 2016 to 2023, owing to thenumerous manufacturing corporations provides a number of connected agriculture solutions and services such as IBM Corp.,Accenture Plc, Trimble Navigation Ltd., PTC, Inc.Microsoft Corporation and Cisco Systems, Inc. Due to rising acceptance of remote monitoring, analytics, and network, network bandwidth management, & application security is one of the further key driver who impact directly on the growth of the connected agriculture market especially in North America. Apart from it, APAC market is anticipated to observes exponential growth and is expected to be the fastest-growing county for the connected agriculture market due to the modest benefit through further regions with countries like India, China and Japan who encouraging growth of connected agricultural practices and upsurge in unpredictability of weather in the region.
There are somemanufacturing companies are in the Connected agriculturemarket includeIBM Corp.,Accenture Plc, Trimble Navigation Ltd., PTC, Inc.Microsoft Corporation and Cisco Systems, Inc. These all mentioned manufacturing companies in the global Connected agriculture market are mainly focusing on increasing their product portfolio, due to significantly high demand for Connected agriculture.