Connected Agriculture Market is driven by advancement in the information and mobile communication technology. It provides farmers with the proper skills and knowledge about the different techniques to expand the productivity of farms, weather forecasting and usage of seeds and fertilizers. Most of the countries are dependent on the monsoon, hence connected agriculture can provides farmers with the regular updates of a weather forecast that prevents the farmer from loss of crops in case of drought. Connected agriculture technology provide the smart water management system and smart irrigation that helps the farmer to cultivate the crop.
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Emerging countries include Indonesia, China, and India have ample opportunities for the connected agriculture market but these countries have lack of infrastructure for the agriculture sector in terms of storing and food processing, sowing and harvesting technique, transportation, packing and packaging, and production. The connected agriculture provides the different financial services include micro-insurance services, mobile payment services, and micro-lending services and these services provide farmers to apply for the loan directly to the financial institutions and direct transfer of the payments in their bank's account.
Moreover, rising demand for advanced technology and large number of telecom service providers are driving the demand for connected agriculture across the globe. IT firms including IBM Corp., CISCO Systems Inc., and Microsoft Corp. are includes new technologies for the reduced burden on farmers for the up-gradation of exiting technology. Various companies had developed several technology such as Aero Vironmments that develop complete drone packages to provide a complete ecosystem to the farmers as it is equipped with a drone to easily capture the data using a good quality camera. IBM Corp. works to fulfill the promise of digital agriculture; it is bringing the artificial intelligence technology that enables the farmer to make the decision better.
Connected agriculture market is highly fragmented due to the presence of several market players that are significantly operating across the globe. Key market players of connected agriculture market include AG Leader Technology, IBM Corp., Accenture PLC, Orange Business Services, Vodafone Group PLC, Microsoft Corp., Cisco Systems Inc and AGCO Corp. Cisco is one of the leading companies, as the numbers of researcher are growing and they are turning to robotics to solve the problems. They combine the sensible abilities of robot with data analysis which is made possible by Artificial Intelligence technology that can help farmers to grow and manage their crops in an intelligent manner and enables to feed the growing population.
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Global Connected Agriculture Market -Segmentation
• Farm Planning & Management
• Agriculture Finance
• Smart Irrigation
• Smart Logistics
• Indoor Farming
• Network Management
• Agriculture Asset Management
• Agriculture & Supply Chain Management
• Mobile information service
• Mobile payment service
• Micro-insurance service
Global Connected Agriculture Market –Region
• Rest of Europe
• Rest of Asia-Pacific
• Rest of the World Middle-East and Africa
• Latin America
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