The global 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 report provides a thorough analysis of the global 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.
List of Companies Profiled:
- IBM Corporation
- Cisco Systems Inc.
- Iteris Inc.
- Trimble Inc.
- Ag Leader Technology
- Decisive Farming
- SWIIM System, Ltd.
- Orange Business Services
- LINK LABS.
Request a Sample Copy for more detailed Connected Agriculture Market Overview: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/connected-agriculture-market-102061
High Investment in Product R&D to Aid Growth of the Market in North America
The market in North America is projected to account for a comparatively higher share over other regions. The emphasis on development of advanced farming technologies by major companies has been key to the growth of the market in this region. Moreover, the growing investment in the development of these products, and encouragement by government as well as private organization will aid the growth of the market in this region. “Driven by increasing use of AI and predictive analysis, connected agriculture is gaining rapid popularity across the United States,” said a lead analyst at Fortune Business Insights. As of 2018, the regional market was valued upward of USD 626.7 million.
Noteworthy Industry Developments:
- December 2018: Tech-giant IBM announced a collaboration with agro-based ‘HelloTractor’. Through this collaboration, IBM plans to introduce an advanced agricultural analytics as well as decision-making platform.
October 2018: Microsoft announced that it plans to implement a new set of scalable aerial measurements and data solutions concept, aimed at agriculture. The company plans to collaborate with Slant Range Inc. and will look to maximize its utilities for the same.
Purchase Full Report for Exclusive Connected Agriculture Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102061
Other Exclusive Reports:
Virtual Fitting Room Market to Register CAGR of 22.0% by 2026; Rising Consumer Inclination towards Virtual Fitting Solutions to Foster Healthy Growth
Cloud Analytics Market to Rise at 24.3% CAGR till 2026; Increasing Investment in Development of Efficient Cloud Platforms Will Aid Growth
Smart Building Market to Exhibit a CAGR of 12.6%; Increasing Smart City Projects to Aid Market Expansion
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245