The connected services and big data analytics in the farming market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The connected services and big data analytics in farming are used to improve, manage, and control farming activities, which results in increased production and quality of agricultural products. Advancements in digital technology have made it feasible to gather and use a large quantity of data at minimal amount of investment, which will aid in making farming operations more insight-driven, and potentially more productive and efficient. The market aims to provide real-time data about soil conditions, moisture levels, and weather conditions to help farmers, agribusinesses, fertilizer companies, and food and beverage companies to connect with the potential buyers, traders, and sellers. Increased demand for innovative agricultural solutions to improve crop yields while utilizing minimal resources, such as water, fertilizers, and seeds is driving the growth of the market. Farmers with the help of this technology can better manage time on the farm while using fewer resources by applying various solutions.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Gevo, Inc. and Farmers Edge Inc., one of the global leaders in digital agriculture, announced that they signed a memorandum of understanding (MoU) to work together for delivering a one-of-a-kind, carbon inset management program. This collaboration is expected to support the sustainable development & full carbon lifecycle tracking of carbon intensity (CI) score from low-carbon grain through renewable fuels production. The potential combination of Farmers Edge’s highly precise and proprietary datasets with Gevo’s Verity Tracking platform and blockchain technology is expected to create value around agriculturally driven carbon impact. The companies plan to launch a program with the US growers to measure and track carbon intensity scores for corn and soy in the production of sustainable aviation fuel and other low-carbon hydrocarbon fuels.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– John Deere Group, Kubota Corp., Accenture PLC, IBM Corp., and Intel Corp., among others
A full report Connected Services and Big Data Analytics in the Farming Market of is available at: https://orionmarketreports.com/connected-services-and-big-data-analytics-in-the-farming-market/106128/
Global Connected Services and Big Data Analytics in Farming Market Report by Segment
By Application
- Yield Monitoring
- Soil Monitoring
- Scouting
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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