HOME Top Market Reports Connected Agriculture Market by Solution (Network Management, Smart Water Management), Service, Platform (Device Management, Application Enablement), Application (Farm Planning & Management, Agricultural Finance), and Region - Global Forecast to 2021

Connected Agriculture Market by Solution (Network Management, Smart Water Management), Service, Platform (Device Management, Application Enablement), Application (Farm Planning & Management, Agricultural Finance), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: TC 3669

 

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The connected agriculture market is estimated to grow from USD 1.34 Billion in 2016 to USD 3.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.9% from 2016 to 2021.

Objectives of the study:

The main objective of this report is to define, describe, and forecast the global connected agriculture market on the basis of solutions, services, platforms, and applications. Services includes professional services such as consulting services, integration & deployment services, and support & maintenance services, along with managed services. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as Mergers and Acquisitions (M&A), new product developments, and Research & Development (R&D) activities in the connected agriculture market.

The research methodology used to estimate and forecast the connected agriculture market begins with collection and analysis of data on key vendor revenues through secondary research such as annual reports and press releases, investor presentations of companies, conferences and associations such as FAO, Association of Equipment Manufacturers (AEM), 4-H, white papers, technology journals, certified publications, and articles from recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the global connected agriculture market from the revenue of the key connected agriculture solutions and services providers in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub segments. The breakdown of profiles of primary is depicted in the below figure:

Connected Agriculture Market

To know about the assumptions considered for the study, download the pdf brochure

The connected agriculture ecosystem comprises solution providers such as Trimble Navigation Ltd. (U.S.), Link Labs LLC (Maryland, U.S.), among others; service providers such as Vodafone PLC (London, U.K.), Accenture PLC (Dublin, Ireland) among others; and platform providers such as IBM Corporation (U.S.), PTC, Inc. (U.S.), SAP SE (Germany) among others. Many others have adopted partnership as their key strategy to enhance their market reach. This strategy accounted for the largest share of the total strategies adopted by the market players.

Key Target Audience

  • Connected agriculture software vendors
  • Automation and control system providers
  • Environment and regulatory authorities
  • System integrators
  • Connectivity providers
  • Managed service providers
  • Cloud service providers
  • Telecommunication service providers
  • Agricultural associations
  • Agricultural automation providers

 “Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report segments the connected agriculture market into the following subsegments:

By Component Type:

  • Solutions
  • Services
  • Platforms

By Solution:

  • Network Management
    • Remote Monitoring
    • Network Bandwidth Management
    • Analytics
    • Network and Application Security
  • Agriculture Asset Management
  • SCADA Systems for Agriculture
  • Logistics and Supply Chain Management
  • Smart Water Management System
  • Others

By Service:

  • Professional Services
    • Consulting Services
    • Integration and Deployment Services
    • Support and Maintenance Services
  • Managed Services

By Platform:

  • Device Management
  • Application Enablement
  • Connectivity Management

By Application:

  • Farm Planning and Management
    • Field Monitoring and Management
      • Livestock Management
      • Equipment Monitoring and Maintenance
    • Weather Forecasting
    • Production Planning and Maintenance
    • Supply Chain Management
  • Agricultural Finance
    • Mobile Payment System
    • Micro-insurance System
    • Micro-lending Platforms
    • Mobile information systems
    • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the Europe connected agriculture market
  • Further breakdown of the APAC market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in the Connected Agriculture Market
    4.2 Market Snapshot: By Region, 2016 vs 2021
    4.3 Market Snapshot: By Segment, 2016–2021
    4.4 Market Snapshot: By Region and Solution, 2016
    4.5 Lifecycle Analysis, By Region, 2016
    4.6 Market Investment Scenario

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Solution
           5.3.2 By Platform
           5.3.3 By Service
           5.3.4 By Application
           5.3.5 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Surge in Global Population Compelling Shift Towards Smart Agriculture Practices
                    5.4.1.2 Increase in Unpredictability of Weather
           5.4.2 Restraints
                    5.4.2.1 Limited Availability of Arable Land
                    5.4.2.2 High Cost of Deployment
           5.4.3 Opportunities
                    5.4.3.1 Immense Growth Opportunities
                    5.4.3.2 Fewer Market Players in Developing Countries
           5.4.4 Challenges
                    5.4.4.1 Lack of Awareness About Connected Agriculture

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking

7 Connected Agriculture Market Analysis, By Component (Page No. - 43)
    7.1 Introduction
    7.2 Solutions
    7.3 Platforms
    7.4 Services

8 Connected Agriculture Market Analysis, By Solution (Page No. - 48)
    8.1 Introduction
    8.2 Network Management
           8.2.1 Remote Monitoring
           8.2.2 Network Bandwidth Management
           8.2.3 Analytics
           8.2.4 Network and Application Security
    8.3 Agriculture Asset Management
    8.4 Supervisory Control and Data Acquisition
    8.5 Logistics and Supply Chain Management
    8.6 Smart Water Management
    8.7 Others

9 Connected Agriculture Market Analysis, By Service (Page No. - 56)
    9.1 Introduction
    9.2 Professional Services
           9.2.1 Consulting Services
           9.2.2 Integration and Deployment Services
           9.2.3 Support and Maintenance Services
    9.3 Managed Services

10 Connected Agriculture Market Analysis, By Platform (Page No. - 62)
     10.1 Introduction
     10.2 Device Management
     10.3 Application Enablement
     10.4 Connectivity Management

11 Connected Agriculture Market Analysis, By Application (Page No. - 67)
     11.1 Introduction
     11.2 Farm Planning and Management
             11.2.1 Field Monitoring and Management
                        11.2.1.1 Livestock Management
                        11.2.1.2 Equipment Monitoring and Maintenance
             11.2.2 Weather Forecasting
             11.2.3 Production Planning and Maintenance
             11.2.4 Supply Chain Management
     11.3 Agricultural Finance
             11.3.1 Mobile Payment Systems
             11.3.2 Micro-Insurance Systems
             11.3.3 Micro-Lending Platforms
             11.3.4 Mobile Information Systems
     11.4 Others

12 Geographic Analysis (Page No. - 74)
     12.1 Introductions
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Competitive Landscape (Page No. - 95)
     13.1 Overview
     13.2 Competitive Situations and Trends
             13.2.1 Partnerships
             13.2.2 Acquisitions
             13.2.3 New Product Launches

14 Company Profiles (Page No. - 99)
     14.1 Introduction
     14.2 Geographic Revenue Mix
(Overview, Financials, Products & Services, Strategy, and Developments)*
     14.3 Cisco Systems, Inc.
     14.4 IBM Corporation
     14.5 Parametric Technology Corporation, Inc.
     14.6 SAP SE
     14.7 Trimble Navigation Ltd.
     14.8 Microsoft Corporation
     14.9 Vodafone Group PLC
     14.10 Accenture PLC
     14.11 AT&T
     14.12 Link Labs LLC

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

15 Key Innovators (Page No. - 125)
     15.1 Farmlogs
     15.2 Flex
     15.3 Conservis Corporation
     15.4 Cropx Inc.
     15.5 Agrivi

16 Appendix (Page No. - 128)
     16.1 Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Introducing RT: Real Time Market Intelligence
     16.5 Available Customizations
     16.6 Related Reports
     16.7 Author Details


List of Tables (65 Tables)

Table 1 Connected Agriculture Market Growth Rate, 2014–2021 (USD Billion, Y-O-Y %)
Table 2 Market Size, By Component, 2014–2021 (USD Million)
Table 3 Solutions: Market Size, By Region, 2014–2021 (USD Million)
Table 4 Platforms: Market Size, By Region, 2014–2021 (USD Million)
Table 5 Services: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Connected Agriculture Market Size, By Solution, 2014–2021 (USD Million)
Table 7 Network Management: Market Size, By Region 2014–2021 (USD Million)
Table 8 Network Management: Market Size, By Type, 2014–2021 (USD Million)
Table 9 Agriculture Asset Management: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Scada: Connected Agriculture Market Size, By Region, 2014–2021 (USD Million)
Table 11 Logistics and Supply Chain Management: Market Size, By Region, 2014–2021 (USD Million)
Table 12 Smart Water Management Systems: Market Size, By Region, 2014–2021 (USD Million)
Table 13 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 14 Connected Agriculture Market Size, By Service, 2014–2021 (USD Billion)
Table 15 Professional Services: Market Size, By Region, 2014–2021 (USD Million)
Table 16 Professional Services: Market Size, By Type, 2014–2021 (USD Million)
Table 17 Consulting Services: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Integration and Deployment Services: Market Size, By Region, 2014–2021 (USD Million)
Table 19 Support and Maintenance Services: Market Size, By Region, 2014–2021 (USD Million)
Table 20 Managed Services: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Connected Agriculture Market Size, By Platform, 2014–2021 (USD Billion)
Table 22 Device Management: Market Size, By Region, 2014–2021 (USD Million)
Table 23 Application Enablement: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Connectivity Management: Market Size, By Region, 2014–2021 (USD Million)
Table 25 Connected Agriculture Market Size, By Application, 2014–2021 (USD Million)
Table 26 Farm Planning and Management: Market Size, By Region, 2014–2021 (USD Million)
Table 27 Farm Planning and Management: Market Size, By Type, 2014–2021 (USD Million)
Table 28 Field Monitoring and Management: Market Size, By Type, 2014–2021 (USD Million)
Table 29 Agrculutural Finance: Market Size, By Region, 2014–2021 (USD Million)
Table 30 Agricultural Finance: Connected Agricultural Market Size, By Type, 2014–2021 (USD Million)
Table 31 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 32 Connected Agriculture Market Size, By Region, 2014–2021 (USD Million)
Table 33 North America: Market Size, By Component, 2014–2021 (USD Million)
Table 34 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 35 North America: Market Size, By Platform, 2014–2021 (USD Million)
Table 36 North America: Market Size, By Service, 2014–2021 (USD Million)
Table 37 North America: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 38 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 39 Europe: Connected Agriculture Market Size, By Component, 2014–2021 (USD Million)
Table 40 Europe: Market Size, By Solution, 2014–2021 (USD Million)
Table 41 Europe: Market Size, By Platform, 2014–2021 (USD Million)
Table 42 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 43 Europe: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 44 Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 45 Asia-Pacific: Connected Agriculture Market Size, By Component, 2014–2021 (USD Million)
Table 46 Asia-Pacific: Market Size, By Solution, 2014–2021 (USD Million)
Table 47 Asia-Pacific: Market Size, By Platform, 2014–2021 (USD Million)
Table 48 Asia-Pacific: Market Size, By Service, 2014–2021 (USD Million)
Table 49 Asia-Pacific: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 50 Asia-Pacific: Market Size, By Application, 2014–2021 (USD Million)
Table 51 Middle East and Africa: Connected Agriculture Market Size, By Component, 2014–2021 (USD Million)
Table 52 Middle East and Africa: Market Size, By Solution, 2014–2021 (USD Million)
Table 53 Middle East and Africa: Market Size, By Platform, 2014–2021 (USD Million)
Table 54 Middle East and Africa: Market Size, By Service, 2014–2021 (USD Million)
Table 55 Middle East and Africa: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 56 Middle East and Africa: Market Size, By Application, 2014–2021 (USD Million)
Table 57 Latin America: Connected Agriculture Market Size, By Component, 2014–2021 (USD Million)
Table 58 Latin America: Market Size, By Solution, 2014–2021 (USD Million)
Table 59 Latin America: Market Size, By Platform, 2014–2021 (USD Million)
Table 60 Latin America: Market Size, By Service, 2014–2021 (USD Million)
Table 61 Latin America: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 62 Latin America: Market Size, By Application, 2014–2021 (USD Million)
Table 63 Partnerships, 2015–2016
Table 64 Acquisitions, 2015–2016
Table 65 New Product Launches, 2016


List of Figures (48 Figures)

Figure 1 Connected Agriculture Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumptions
Figure 6 Top Three Segments for the Connected Agriculture Market During the Period 2016–2021
Figure 7 North America is Expected to Hold the Largest Market Share in 2016
Figure 8 Growing Population is Driving the Connected Agriculture Market in the Forecast Period
Figure 9 Asia-Pacific is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 10 Platforms Segment is Expected to Grow at the Highest CAGR in the Connected Agriculture Market
Figure 11 Network Management Solution is Expected to Have the Largest Market Share in 2016
Figure 12 Evolution of the Connected Agriculture Market
Figure 13 Market Segmentation By Solution
Figure 14 Market Segmentation By Platform
Figure 15 Market Segmentation By Service
Figure 16 Market Segmentation By Application
Figure 17 Market Segmentation By Region
Figure 18 Market Drivers, Restraints, Opportunities, and Challenges
Figure 19 Market Value Chain Analysis
Figure 20 Companies Adopted Different Strategies to Gain Competitive Advantage in the Connected Agriculture Market, 2016
Figure 21 Platforms Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 22 Smart Water Management Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Managed Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Application Enablement is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Agricultural Finance is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Regional Snapshot: Asia-Pacific is the Emerging Region in the Connected Agriculture Market in the Forecast Period
Figure 27 Asia-Pacific is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 28 Regional Snapshot: Asia-Pacific as A Hotspot During the Period 2016–2021
Figure 29 North America Market Snapshot
Figure 30 Asia-Pacific Market Snapshot
Figure 31 Companies Adopted the Strategy of New Product Launches as the Key Growth Strategy From 2015 to 2016
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: Agreements, Partnerships, and Collaborations Was the Key Strategy Adopted By Key Players in the Connected Agriculture Market During the Period 2014–2016
Figure 34 Geographic Revenue Mix of the Top 5 Market Players
Figure 35 Cisco Systems, Inc : Company Snapshot
Figure 36 Cisco Systems, Inc: SWOT Analysis
Figure 37 IBM Corporation: Company Snapshot
Figure 38 IBM Corporation : SWOT Analysis
Figure 39 Parametric Technology Corporation, Inc.: Company Snapshot
Figure 40 Parametric Technology Corporation, Inc.: SWOT Analysis
Figure 41 SAP SE: Company Snapshot
Figure 42 SAP SE : SWOT Analysis
Figure 43 Trimble Navigation Ltd: Company Snapshot
Figure 44 Trimble Navigation Ltd.: SWOT Analysis
Figure 45 Microsoft Corporation: Company Snapshot
Figure 46 Vodafone Group PLC: Company Snapshot
Figure 47 Accenture PLC: Company Snapshot
Figure 48 AT&T: Company Snapshot

MarketsandMarkets forecasts the connected agriculture market size to grow from USD 1.34 Billion in 2016 to USD 3.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.9%.

The connected agriculture market solutions and services offer pro-active and real-time monitoring of agricultural activities, providing comprehensive control over various tasks in the agriculture ecosystem. The network management solution is growing rapidly due to the increasing need to gather data from sensors so as to minimize any losses due to uncertain weather conditions.

Network management solution offers an end-to-end management of all the network related tasks such as remote monitoring, which involves monitoring crops in terms of its temperature, health, need for water, and other intricacies; network bandwidth management, which helps maintain efficient network among all the devices connected in the agriculture ecosystem; analytics, which helps analyze and gather useful insights from data collected by various devices; and network & application security, which ensures safety of data and applications connected over the connected system.

The scope of this report covers the connected agriculture market by solution, service, platform, application, and region. The professional services segment is expected to dominate the market, as end users are looking for specialized professional vendors to successfully implement connected agriculture solutions.

The smart water management systems solution is estimated to grow at the highest CAGR during the forecast period as it helps in actively monitoring and ensuring the optimum provision of water to the crops by sensing the heat and moisture conditions of the soil. Furthermore, the system is also capable of providing a particular amount of water in accordance with type of crop.

Connected Agriculture Market

North America is expected to account for the largest market share in the connected agriculture market, followed by Europe in 2016. Rising need for food globally is one of the important market drivers for the market growth. Another important driver is increase in unpredictability of weather on account of environmental problems such as deforestation, global warming, and increasing carbon footprint.

The connected agriculture market is growing rapidly and is being widely accepted across the regions. The solutions and services in connected agriculture are proving to be very efficient for getting optimum production with minimal resources. It also helps in avoiding wastage during transportation and warehousing, by systematically dealing with all the phases of connected agriculture ecosystem. However, limited availability of arable land is a significant impediment for the implantation and deployment of connected agriculture solution. The high cost of deployment is another restraining factor for the growth of the market.

There are several established players in this market such as Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), PTC, Inc. (U.S.), SAP SE (Germany), Trimble Navigation Ltd. (U.S.), Vodafone PLC (London, U.K.), Accenture Plc (Dublin, Ireland), Microsoft Corporation (Washington, U.S.), AT&T, Inc. (Texas, U.S.), and Link Labs LLC (Maryland, U.S.).

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