Connected Agriculture Market 2018-2023 report tells the market value in next few years and report shows the whole scenario of connected agriculture industry.

Pune, India -- (SBWire) -- 04/02/2019 --ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global connected agriculture market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Connected Agriculture Market is expected to grow from US$ 1.8 Billion in 2018 to US$ 4.3 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. The connected agriculture market is driven by various factors, such as integration of mobile technology with agriculture solutions and rapid adoption of advanced farming techniques to manage various farming activities.

"Connectivity management segment is expected to grow at the highest CAGR during the forecast period"
Communication through mobile phones is considered very important in enhancing farmers' access to understand agricultural market situation better. Nowadays, mobile phone and internet have generated an opportunity for the farmers and growers specially to get real-time information about their farms and manage all farming activities.

"Integration and implementation services segment is expected to hold the highest market share during the forecast period"
Technological advancements and growing focus to follow modern farming practices have made farmers and growers implement connected agriculture solution. Farmers in different regions lack technical knowledge or do not have efficient farming tools to interpret and analyze the data required for effective decision-making. This has created opportunities for vendors to provide integration and implementation services to farmers and help them improve their limited knowledge by fulfilling a technological gap.

"Asia Pacific (APAC) is expected to record the highest growth rate during the forecast period"
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for connected agriculture solution and services. Growing economies in countries,such as China, Japan, Australia and New Zealand, and India provide huge opportunities for the adoption of the connected agriculture solution and services in the APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.

Breakdown of primary participants' profile:
- By company type: Tier 1 – 38%, Tier 2 – 42%, and Tier 3 – 20%
- By Designation: C-level – 40%, D-level – 35%, and Others – 25%
- By Region: North America – 40%, Europe – 30%, APAC– 20%, MEA – 5%,and Latin America– 5%

Report Highlights:
- To profile the key players in the market and comprehensively analyze their core competencies in each microsegment
- To forecast the market size of 5 main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To analyze the market with respect to individual growth trends, prospects, and contributions to the market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
- To define, describe, and forecast the connected agriculture market by component (solution, platforms, and services), application, and region
- To analyze the competitive developments, such as agreements, partnerships, alliances, and acquisitions, in the connected agriculture industry

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Top Key Players in the Connected Agriculture Market include are IBM (US), Microsoft (US), AT&T (US), Deere & Company (US), SAP SE (Germany), Accenture (Ireland), Cisco (US), Oracle (US), Iteris (US), Trimble (US), SMAG (France), Ag Leader Technology (US), Decisive Farming (Canada), Gamaya (Switzerland), SatSure (UK).