Global connected agriculture marketUS $ 2.950 billion by 2023, growing from US $ 1.031 billion in 2017. Connected agriculture enhances farmers‘ ability to conduct financial services easily and provide easier access to agricultural information in rural areas. Due to radical changes in agriculture policy in both developed and developing regions, implementation of advanced agricultural technologies has proved to raise the purchasing power and living standards of farmers. Major growth drivers in rural infrastructure projects and increasing public-private partnership (PPP) projects in the agriculture sector. The demand for agri-mobile driven solutions to the farmers‘ revenue is further increased. Thus, increasing incomes have increased the number of monetary transactions that take place in the developed region.
This rise in demand is further supported by the increasing number of smartphone users worldwide, leading to the growth of global connected agriculture market. In the future, as a result of the increase in the value of money, the majority of people in the country rely on each other production during transit. However, the growth of global connected agriculture market is hindered by a lack of awareness regarding innovative solutions in remote areas and paint of infrastructure for connected agriculture.
Research Methodology
The report provides a brief introduction to the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
Market Dynamics
This section provides a comprehensive overview of the dynamics in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of connected agriculture. Complete industry analysis has been covered by Porter’s five forces model as part of this report section.
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Segmentation
Connected agriculture market has been segmented by solution, service, and geography as below:
* By Solution
– Tendering
– Bartering
– Trading
* By Service
– Mobile Information
– Mobile Payment
– Micro-Lending
– Micro-Insurance
* By Geography
– Americas
– North America
– South America
– Europe Middle East and Africa
– Europe
– Middle East and Africa
– Asia Pacific
Market Players
Competitive intelligence and company profiles sections deal with major players in the market, their market shares, products, growth strategies, financials, and recent investments among others. Key companies profiled in this report are Vodafone, SAP, Trimble Navigation, and SAGE among others.
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