Global Agriculture Machine to Machine (M2M) Market 2017-2021
About Agriculture Machine to Machine (M2M)
An M2M platform is a programmed unit, in which M2M applications and services are built on. Due to the growing adoption of IoT and M2M services, the demand for innovative M2M platforms to enable new M2M services (such as mobile agriculture (mAgri), connected cars, and smart homes) is increasing. Also, many small players are entering the global M2M platform market as the entry barriers are low.
Technavio’s analysts forecast the global agriculture machine to machine market to grow at a CAGR of 47.26% during the period 2017-2021. Covered in this report
The report covers the present scenario and the growth prospects of the global agriculture machine to machine market for 2017-2021. To calculate the market size, the report considers revenue generated from different M2M-enabled applications of agriculture.
The market is divided into the following segments based on geography:
Technavio's report, Global Agriculture Machine to Machine (M2M) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Agriculture Machine to Machine (M2M) Market 2017-2021
Technavio recognizes the following companies as the key players in the global agriculture machine to machine market: Davis Instruments, Deere, SemiosBio Technologies, and Telit.
Other Prominent Vendors in the market are: Aeris, Argus Control Systems, ELECSYS, ELTOPIA, Kontron, McCrometer, Orange Business Services, Trimble, Turkcell, Tyro Remotes, Valley Irrigation, Verizon, and Vodafone.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is M2M platform consolidation. Powerful M2M platforms are available that fit onto small boards to provide many ports. These platforms are compatible with standardized operating systems such as Linux and Android.”
According to the report, one driver in the market is increasing demand for M2M data communication in agriculture. Increasing growth has been witnessed and is expected to continue in the long term for M2M communications in agriculture as it has been considered as the next wave of technology developments. The global M2M services revenues are estimated to reach approximately $89 billion by 2021. The agriculture sector is focusing primarily on the latest M2M systems that improve operational effectiveness and efficiency.
Further, the report states that one challenge in the market is limited knowledge of farmers on M2M applications. Farming is predominantly the livelihood of the population in the rural areas. Service, product, and solution developers need to understand the business opportunities and the market scenario to deliver relatively expensive solutions where end-users are likely to invest for attaining the benefits. No understanding of the benefits of agriculture M2M solutions poses a challenge in this market.
Davis Instruments, Deere, SemiosBio Technologies, Telit
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