Agri products and agri farming are in a development phase; thanks to county’s nation building exercise including government initiatives and spending in innovative farming techniques, procuring state-of -the art tools to indigenous farming methods. The factors assisting farming are a major expansion drive include fulfilling needs of increasing global population for food, seasonal climatic changes and asymmetry in weather forecast, and efficient water management to quell water wastage.
Internet
of things (IoT) has eased matters by coping with supply chain and productivity
cycle to assuage excessive food production in compliance with market demands.
Segmentation of connected agriculture market by component comprises solution,
services, and platform. Segmentation by solution includes network management,
agriculture asset management, SCADA systems for agriculture, logistics and
supply chain management, smart water management system, and others. Connected
agriculture market by Network management includes remote monitoring, network
bandwidth management, analytics and network, and application security.
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By
platform, the segregation continues to device management, application
enablement, and connectivity management. By application, it comprises farm
planning and management and agriculture finance. Farm planning is later subject
to field monitoring and management, weather forecasting, production planning
and maintenance, and supply chain management. Fled monitoring and management
comprises livestock management and equipment monitoring and maintenance. By
agricultural finance, the connected agriculture market is divided into mobile
payment system, micro-insurance system, micro-lending platforms, mobile
information systems, and others. By region, the market belongs to North
America, Europe, Asia Pacific, MEA, and Latin America.
Smart water
management systems are expected to grow at the highest CAGR in forecast period
due to crop harvest requiring adequate supply of water; thereby making amends
in water wastage, innovation in farming techniques, deployment of sensors,
irrigation techniques - all depending on type of crop with water being
channelized preventing water wastage reaping a rich haul of crops. Key target
audience comprises 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, agriculture associations, and
agriculture automation providers.
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