In a recent published report, Kenneth Research has updated the market report for Connected Agriculture Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Connected Agriculture Market products.
Market Scenario
Connected agriculture technology is the advanced version of information and mobile communication technology. Emerging countries such as China, India, and Indonesia of Asia Pacific region are considered to be regions of opportunities for the connected agriculture market. These are countries that lack the proper infrastructure for the agriculture sector in terms of sowing and harvesting techniques, packing and packaging, transporting, production, storing and food processing. Connected agriculture technology offers the farmers the proper skills and knowledge about various techniques to enhance the productivity of farms, usage of seeds and fertilizers, weather forecasting, and many more.
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Most of the countries are depended on monsoons, therefore, connected agriculture technology helps the farmers to get the regular updates of a weather forecast that prevents the farmers from loss of crops in-case of untimely rains or droughts. The connected agriculture technology also provides the smart irrigation and smart water management system, which helps the farmers to cultivate the crops during their stipulated period.
Connected agriculture also offers various financial services such as micro-lending services, micro-insurance services, and mobile payments services. These services help the farmers to apply for the loan directly to the financial institution, direct transfer of the payments in their bank accounts and can check the commodity prices of the crops harvest and cultivated by them.Enhancement of technology has encouraged the companies to invest more in the research and development sectors of agriculture and farmers to provide real-time information and services.
Increased number of telecom service providers and rising demand for advanced technology is expected to drive the market over the forecast period. Big IT firms such as Microsoft Corporation, IBM Corporations, and CISCO Ltd are constantly evolving new technologies to ease the burden on farmers to under the upgradation of existing mobile technology.
On the other hand, lack of proper knowledge about the technology and high cost for the installation is expected to hinder the growth of the connected agriculture market over the forecast period.Global Connected Agriculture Market, 2017-2023 (USD Billion)The global connected agriculture market was valued at USD 1 billion in 2016 and is expected to reach at approximately USD 3 billion by 2023 growing at a CAGR of ~17% during the forecast period 2017-2023.
Key Players
The prominent players in connected agriculture market are AG Leader Technology (U.S), Microsoft Corporation (U.S), IBM Corporation (U.S), Cisco Systems Inc (U.S),, AT&T (U.S), Accenture PLC (Ireland), SAP A.G (Germany), Orange Business Services (France), Epicor Software Corporation(U.S). Vodafone Group PLC (U.K), SAGE (U.K), Syspro Technologies (U.S), Raven Industries, Inc (U.S), AGCO Corporation (U.S).
Segments
The globally connected agriculture market is bifurcated into component and application.Based on the component, the connected agriculture market is sub-segmented into solutions, services, and platform. Solutions are categorized into network management, asset management, SCADA systems for agriculture, and smart water management system. Services are segmented into professional services and managed services. Furthermore, Professional services include consulting services, integration and deployment services, and support and maintenance services. Additionally, Platform is segmented into device management, application enablement, and connectivity management.
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Application segment is sub-segmented into farming planning and management, smart logistics, smart irrigation, and agriculture finance. The agriculture finance includes mobile information services, micro-lending services, micro-insurance services, and mobile payments services.
Regional Analysis
Connected agriculture market is geographically segmented into North America, Europe, Asia Pacific Latin America, and the Middle-East & Africa. North-American region is expected to be the prominent player among the regions due to advanced agricultural techniques and robust agricultural infrastructure and facilities are expected to drive the connected agriculture market. The U.S. and Canada are the leading countries in the North American region. Asia Pacific region is expected to have a significant growth over the forecast period. Emerging economies, such as India and China, lack the essential technology required for the agricultural sector, possess an ocean of opportunities, which is presumed to drive the market over the forecast period.
Intended Audience
Technology Investors
Research/Consultancy Firms
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
Agricultural associations
Agricultural automation providers
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Connected Agriculture Market SynopsisAccording to the report by MRFR, the global connected agriculture market 2021 was valued at USD 1 billion in 2016 and is poised to reach at approximately USD 3 billion by 2023, developing at a CAGR of 17% over the review period (2017-2023).Connected Agriculture Market ScenarioConnected farming uses mobile communications to allow farmers to provide critical information such as weather forecasts, crop failure, best seed quality, soil moisture and quality, resources and techniques, and to make financial payments more available.
Growing demand for mobile-based solutions and an rising number of telecom service providers are expected to drive over the forecast period the linked agricultural market.
Furthermore, technological development such as the integration of the Internet of Things with Agriculture is assumed to be an opportunity for the linked agricultural sector over the forecast period.
At the other hand, it is anticipated that the lack of proper technical expertise and high deployment costs would impede the growth of the connected agricultural market over the forecast period.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/5218Connected Agriculture Market SegmentationThe globally connected agriculture market is analyzed into component and application.Based on the component, the connected agriculture market is segmented into solutions, services, and platform.
Services are divided into professional services and managed services.
Additionally, Professional services include cintegration and deployment services, a onsulting services, nd support and maintenance services.
Global Healthcare Claims Processing Market Research Report: By Component (Software and Services), by Delivery Mode (On-Premise and Cloud Based), by Type (Integrated and Standalone), and by End-User (Healthcare Payers and Providers) – Forecast Till 2023The Global Healthcare Claims Management Market is finding growth with the high inclusion of IT management sector.
The Healthcare Claims Processing Market is all set to score 5.37% CAGR between 2018 and 2023 that has been considered as the forecast period by Market Research Future (MRFR).
The process of the healthcare claims management includes organizing various segments, updating, filling, billing, and processing of various medical claims that has a connection with treatment, diagnosis, and medication of several patients.The global market for the healthcare claims management can get bolstered by the surge in ageing population, high rise of the recording of chronic diseases, improved healthcare quality services, better reimbursement policies, and inclusion of innovative treatments & technologies.
For instance, data breach of sensitive issues, lack of skilled professionals in the IT sector, better infrastructure in several sectors, and others can hold back the growth of the market.
However, its ability to provide seamless flow of the work can provide traction to the market and steer the market back to the growth track.Healthcare Claims Management Market Competitive Landscape:McKesson Corporation (US), Cerner Corporation (US), Optum, Inc. (US), Athenahealth (US), eClinicalWorks (US), Avaya Inc. (USA), Conifer Health Solutions (US), nThrive (US), Allscripts Healthcare Solutions, Inc. (US), Oracle Corporation (US), Infor Inc. (US), Cognizant Technology Solutions Corporation (US), Accenture plc.
(Ireland), IBM Corporation (US), and Genpact Limited (US) are impacting the global healthcare claims management market.In November 2019, Sentry Data Systems, Inc. has launched a new software like Claims Manager Plus that can be taken into consideration as an innovative new solution for the market for healthcare claims management .Healthcare Claims Management Market Segmentation:The global healthcare claims management market can be segmented by component, delivery mode type, and end-user.
Global Cloud Managed Services Market is anticipated to reach USD 82.51 billion by 2025.
Market is anticipated to grow at a healthy rate in the years to come.
Cloud managed services offer a variety of skillful solutions that process information technology (IT) infrastructure and inner functionalities to be managed in support from a third party managed service supplier through cloud platform.
Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/cloud-managed-services-market/request-sample Key Players:Some of the key players that fuel the growth of the Cloud Managed Services Market include Hewlett-Packard Enterprise Company, Microsoft Corporation, Ericsson AB, NEC Corporation, Cisco Systems, Inc., Accenture PLC, Huawei Technologies, Fujitsu Ltd., NTT DATA Corporation, VMWare, Inc., BT Global Services, AT Inc., and IBM Corporation.
Growth Drivers: The factors that propel the development of the market include increasing acceptance of cloud technology among businesses for handling their application.
There has been significant increase in the acceptance of cloud-based technology as it is inexpensive and offers real time updates and access to business application and is anticipated to grow at a significant CAGR of 15.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
