Published On : 26 Sep 2016
QYReseachReports.com has recently announced the addition of a new market intelligence report to its comprehensive collection of research studies. The 102-page research study, titled “Global Agriculture M2M Market Research Report 2021,” provides an in-depth analysis of the market. The products segmentation, latest trends, geographical segmentation, and the competitive landscape of the agriculture M2M market worldwide have been evaluated in the scope of the research report.
In the last few years, several M2M technologies have gained popularity in the agriculture sector, owing to which the key players are focusing on deploying smart farming techniques. Moreover, technological advancements in M2M technologies are expected to help the farmers in food traceability, environmental monitoring, and land management. Governments, across the globe, are moving further for developing an effective and efficient telecom infrastructure in rural areas in order to encourage the smooth working of M2M applications. These factors are projected to augment the growth of the global agriculture M2M market in the coming years.
Furthermore, the advent of sensors in farms is expected to help the farmers in continuous monitoring of weather conditions, temperature, and soil strength. This will further help in enhancing crop productivity. In addition, the M2M technology is encouraging the key players to introduce innovative products and services in order to expand their application base, thus helping farmers optimize their available resources.
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By product type, the global agriculture M2M market has been categorized into automated processing, farm management software, and radio frequency identification. The key agriculture M2M products find applications in weather conditions information, equipment monitoring and diagnostics, and equipment/process control. Developments within the market are projected to boost the demand for agriculture M2M products in the forecast period.
The global market for agriculture M2M has been classified on the basis of geography into North America, Europe, China, Southeast Asia, India, and Japan. Among these regions, China and India collectively hold a massive share of arable agricultural farms across the globe. However, the lack of technological awareness in these two regions has resulted in a negligible presence of agriculture M2M technology. As a result, these regions hold immense growth opportunities.
Orange Business Services, Aeris, Dacom, Vodafone, Kontron, Valley Irrigation, CIMS Industries, Tyro Remotes, Elecsys, Eltopia, Argus Controls, Verizon, and Farm Work are some of the leading players operating in the agriculture M2M market across the globe. At present, the global market is at a nascent stage, thus encouraging the participation of new entrants and start-ups. The leading players currently operating in the market are making notable efforts to establish their market presence and expand their product portfolios. The new players in the market are expected to make remarkable efforts to gain a competitive edge in the near future.