Connected Agriculture Market is expected to Grow with a CAGR of 11.5% through 2029F
The Global Connected Agriculture Market
is rising due to increasing demand for precision farming technologies and smart
solutions to enhance agricultural productivity and sustainability in the
forecast period 2025-2029F.
According to TechSci Research report, “Connected Agriculture Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, Global Connected Agriculture Market was valued at USD 6.2 Billion in 2023 and is expected to reach at USD 12.2 Billion in 2029 and project robust growth in the forecast period with a CAGR of 11.5% through 2029.
The
global push towards sustainability is a major driver for the Connected
Agriculture Market. As environmental concerns and climate change impact
agricultural practices, there is a strong emphasis on adopting sustainable
farming methods. Connected agriculture technologies support sustainable
practices by providing insights into soil health, water usage, and crop management.
IoT devices and sensors help monitor environmental conditions and optimize
resource use, reducing the ecological footprint of farming operations.
Sustainable agriculture practices aim to minimize waste, reduce the reliance on
chemical inputs, and enhance soil health. By integrating technology into
farming, stakeholders can achieve more efficient and environmentally friendly
practices. The increasing awareness of sustainability among consumers and
regulatory pressures on reducing environmental impacts are driving the adoption
of connected agriculture solutions, which align with broader goals of
sustainability and environmental stewardship.
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The Asia-Pacific region is emerging as
the fastest-growing area in the Global Connected Agriculture Market due to a
confluence of factors driving rapid adoption of advanced agricultural
technologies. The region's vast and diverse agricultural landscape, combined
with a large population base, creates a significant demand for efficient and
sustainable farming solutions. Rapid urbanization and population growth have
led to increased pressure on agricultural productivity and food security,
prompting a shift towards smart farming practices. Governments in countries
like China, India, and Japan are actively investing in agricultural
modernization and technology to enhance food production and management. The proliferation of Internet of Things (IoT)
technologies and the expansion of high-speed internet connectivity in rural
areas are facilitating the integration of connected devices and sensors into
farming operations. This connectivity enables real-time monitoring and
management of crops, livestock, and environmental conditions, significantly
improving farm efficiency and productivity. Furthermore, increasing awareness
of the benefits of precision agriculture—such as optimized resource use,
reduced waste, and improved yield—has driven widespread adoption of connected
agriculture solutions.
Economic incentives and government
policies aimed at boosting agricultural technology adoption, including
subsidies and grants for smart farming equipment, have further accelerated
growth in the region. Private sector investment and partnerships between technology
providers and agribusinesses are also contributing to the development and
deployment of innovative solutions tailored to the needs of local farmers. The
rise of smart farming startups and technology-driven agricultural solutions in
the region reflects a growing commitment to addressing challenges related to
food security, resource management, and climate change. Additionally, the
Asia-Pacific market benefits from a young, tech-savvy population that is more
open to adopting new technologies and digital solutions.
In 2023, Based on Component,
the Solution segment dominated the Global Connected Agriculture Market and is
anticipated to maintain its leading position throughout the forecast period.
This dominance is primarily driven by the increasing adoption of advanced
technological solutions designed to optimize agricultural practices and enhance
productivity. Solutions such as precision farming tools, IoT-based sensors,
automated irrigation systems, and data analytics platforms have become integral
to modern agriculture. These solutions offer farmers the capability to monitor
soil conditions, weather patterns, crop health, and equipment performance in
real time, enabling them to make informed decisions that improve yield and
efficiency. The substantial investment in research and development by
technology providers has led to continuous innovation in agricultural
solutions, further boosting their adoption. As the global agricultural sector
increasingly embraces digital transformation, the demand for these
sophisticated solutions is expected to grow. Additionally, the integration of
artificial intelligence and machine learning into agricultural solutions
provides predictive analytics and automation, further driving their appeal. The
Solution segment's strong performance is supported by its ability to deliver
tangible benefits such as cost savings, enhanced resource management, and
increased productivity, which are critical for addressing the challenges of
modern agriculture. While services, including maintenance, support, and consulting,
also play a significant role in the connected agriculture ecosystem, the
transformative impact and ongoing advancements in technological solutions
ensure that the Solution segment remains at the forefront of market growth.
Key market players in the global Connected
Agriculture market are: -
- Microsoft Corporation
- IBM Corporation
- Cisco Systems, Inc.
- Trimble Inc.
- Bayer AG
- Sentera, Inc.
- Climate LLC
- Topcon Positioning Systems, Inc.
- Raven Industries, Inc.
- SAP SE
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“The Global Connected Agriculture Market
presents significant opportunities driven by technological advancements and
evolving agricultural needs. The integration of Internet of Things (IoT)
devices and artificial intelligence (AI) into farming practices offers enhanced
precision and efficiency, optimizing resource use and boosting crop yields.
Emerging markets, particularly in developing regions, represent substantial
growth potential as they adopt advanced agricultural technologies.
Additionally, the increasing focus on sustainable farming practices opens
avenues for innovations that address environmental concerns and promote
eco-friendly solutions. Partnerships between tech companies and agribusinesses
can further accelerate market expansion by combining expertise and resources.
Overall, the sector's evolution towards smart agriculture creates a fertile
landscape for investment and innovation, catering to the growing global demand
for food security and sustainable farming practices”, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“Connected Agriculture Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Component (Solution, Service), By Application
(Smart Logistics, Smart Irrigation, Farming Planning & Management), By Region & Competition, 2019-2029F” has evaluated the future
growth potential of Global Connected Agriculture Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Connected Agriculture Market.
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