Connected Agriculture Market by Component (Solutions, Services), by Application (Pre-Production Management, In-Production Management, Post-Production Management), Forecast 2024-2032
The Connected Agriculture Marketsize was valued at USD 1.84 USD billion in 2023 and is projected to reach USD 3.13 USD billion by 2032, exhibiting a CAGR of 7.9 % during the forecast period. Connected Agriculture is the exploitation of technology in the farming systems to help farmers with better productivity. It consists of several forms including precision farming; this is a system of farming by uses different devices like sensors and data analysis to determine the correct amounts of water and fertilizers to use. Another type is Smart farming, which involves the use of Internet of Things devices and artificial intelligence for monitoring and decision-making in real-time. Some are related to the health analysis of the crops through remote sensing, others to weather or crop yield prediction, and still others to mechanization of planting or harvesting. They range from small and large-scale farming and the main purpose is aimed at averting wastage of resources, and increasing productivity and sustainability. Therefore, Connected Agriculture creates a culture of data management and utilization, which enables farmers to make sound decisions to boost crop production and production profits.
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Application:
The connected agriculture market is poised for significant growth as farmers embrace data-driven farming and seek to improve productivity and sustainability. Government support, industry collaborations, and technological advancements will continue to drive market expansion in the coming years.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.9% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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