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The connected agriculture market size is forecast to increase by USD 5.90 billion at a CAGR of 21.48% between 2023 and 2028. The market is experiencing significant growth due to the adoption of advanced farming solutions, including automated irrigation systems and precision farming. These technologies enable farmers to optimize land utilization, improve crop yields, and reduce the need for fertilizers and seeds. Drones are increasingly being used for crop monitoring and analysis, providing real-time data on farm conditions. Price reduction is a key trend in the market, as farmers seek to minimize costs and maximize profits. However, the knowledge gap between farmers and technology providers can act as a restraining factor. Farmers require education and training to effectively utilize advanced farm equipment and mobile applications. The agriculture industry is rapidly evolving, with a focus on leveraging technology to improve efficiency and productivity. Overall, the market for connected agriculture is poised for continued growth, driven by the need to increase food production and improve sustainability.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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