Global Agriculture M2M Market 2015-2019
About M2M agriculture
Mobile technology is leading to the creation of innovative services and applications that are used throughout the agricultural value chain to aid farmers in utilizing available resources efficiently. M2M applications enable farmers and agriculture businesses to monitor equipment, manage their crops, assess the environmental impact of production, and monitor the status of tractors, harvesters, and other vehicles. M2M applications also help farmers in making informed decisions and improve yields. Moreover, it contributes to increased transparency and efficiency within wider agricultural value chains.
Technavio's analysts forecast the global agriculture M2M market to grow at a CAGR of 43.78% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global agriculture M2M market for the period of 2015-2019. To calculate the market size, the report considers the revenue generated for telecom service providers, agriculture fleet providers, and analytics solution providers through agriculture M2M applications. Arable farms used for various regular and seasonal crops and horticulture are included in the report. However, the report doesn't include raising livestock, for example, revenue from domestic animals raised for profit on farms, like cattle, sheep, or horses.
Technavio Announces the Publication of its Research Report – Global Agriculture M2M Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Agriculture M2M Market: Deere & Company, PGA M2M, Trimble 50, Valley Irrigation, Turkcell 58, McCrometer, Tyro Remotes, Davis Instruments, Telit and Semios
Other Prominent Vendors in the market are: Aeris, Dacom, ELECSYS, Eltopia, Kontron, Orange, Verizon, and Vodafone.
Commenting on the report, an analyst from Technavio’s team said: “Automated crop reporting is one among them, which provides convenience, accuracy, and return on investment in agricultural activities. It simplifies the process of crop reporting by allowing particular stakeholders to collect and transmit harvesting data electronically. It helps in establishing a structure for consistent farm data for the complete crop production life cycle. Also, it enhances the functionality of precision agriculture systems.”
According to the report, water consumption is one of the most significant aspects of farming, and optimized use of water has been the greatest challenge. Almost 60%-70% of the fresh water worldwide has been accounted for agricultural purposes, hence sustainable management of this resource would have an enormous impact on the water supply for future requirements. Water wastage mainly occurs due to leaks in irrigation systems, unsustainable groundwater extraction, and selecting inappropriate farms (dry fields) for crop cultivation. M2M technology helps to improve this scenario drastically by continuously monitoring water consumption levels throughout the farming processes.
Further, the report states that patchy network coverage in rural areas is a significant challenge in this market.
Deere & Company, PGA M2M, Trimble 50, Valley Irrigation, Turkcell 58, McCrometer, Tyro Remotes, Davis Instruments, Telit, Semios, Aeris, Dacom, ELECSYS, Eltopia, Kontron, Orange, Verizon, Vodafone.
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