Connected Agriculture Market Set to Witness an Uptick Size USD 4.31 billion to 2023: MnM

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Connected Agriculture Market Is Poised To Grow At A CAGR of 19.3% to 2023: Exclusive Report by MarketsandMarkets™ Connected Agriculture Market According to a research report "Connected Agriculture Market by Component (Solution, Platforms, and Services), Application (Pre-Production Planning and Management, InProduction Planning and Management, and Post-Production Planning and Management), and Region - Global Forecast to 2023" published by MarketsandMarkets, The connected agriculture market is expected to grow from USD 1.8 billion in 2018 to USD 4.3 billion by 2023, at a CAGR of 19.3% during the forecast period. Need to increase farm yield and reduce labor cost, and rising government initiatives for modernizing the agriculture industry are some of the major factors driving the growth of the connected agriculture market globally. Browse 49 market data Tables and 36 Figures spread through 134 Pages and in-depth TOC on "Connected Agriculture Market by Component (Solution, Platforms, and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management), and Region - Global Forecast to 2023" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=469728 The pre-production planning and management segment is expected to hold a larger market size in the global connected agriculture market during the forecast period Inefficiencies in planting, weather uncertainty, pests and disease outbreaks, rising labor costs, and other intangible problems have put farmers in a situation where they are desperately looking out for solutions backed up with emerging technologies. Pre-production planning and management involve the use of connected agriculture solution to analyze and correlate information about field, crop, types of seeds, types of soil or infestations, weather, and manage variations in the field to grow more crops using fewer resources with less production cost. Hence, the pre-production planning and management segment is expected to hold the largest market size during the forecast period. The services segment is expected to grow at the fastest CAGR during the forecast period Connected agriculture services is gaining popularity worldwide owing to its extensive benefits in increasing farm productivity. Connected agriculture services have a wide scope of usage, ranging from feasibility analysis, strategy and implementation, and valuations and development of farm, to crop selection and weather monitoring. This has created opportunities for vendors to provide services to farmers and help them improve their limited knowledge by fulfilling a technological gap.


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