Agriculture Market Information : Global Connected Agriculture Market

The global connected agriculture market was 301.85 million USD in year 2014 and is predicted to reach 980.71 million USD by 2020, at a CAGR of 21.7% for the estimated period.

North America is top in market and is expected to continue to dominate for the certain period. However, the market share would decrease over years. APAC is estimated to have the fastest growth rate for the period.

With the usage of mobiles lots of transactions happen. Information like price related news, agronomy advice, and weather information are available to the farmers. The main challenge is how to provide technology access to smallholder farmers.

APAC is the region to gain maximum advantage. Connectivity to the last mile, improved quality of smart services increases the investments in the market.

Source: http://www.businesswire.com/