Overview of the agriculture machine to machine (M2M) market
Market research analysts at Technavio predict that the global agriculture machine to machine (M2M) market will grow steadily during the next four years at a CAGR of more than 47% by 2021. The rising demand for connectivity is one of the primary growth factors for this market. The increasing need for connectivity is creating an added pressure on M2M service operators to enable a capable cellular and satellite network infrastructure. Factors such as flood and drought, along with farmers’ security and the rising operational costs in the agricultural sector are driving the need to enhance the safety, efficiency, and growth. Furthermore, advancements in the information and communication technology (ICT) such as IoT, better connectivity, monitoring, and control applications, and M2M technology also offer opportunities for farmers to enhance their agricultural operations.
In terms of geographic regions, the Americas will be the major revenue contributor to the agriculture M2M market throughout the forecast period. In this region, it has been noted that the large-scale deployment of long-term evolution (LTE) network infrastructure is driving the agriculture M2M market. Also, the adoption of equipment control and monitoring solutions and the evolution of new business models from telecom operators will propel the growth of the market in the region.
Competitive landscape and key vendors
Due to the presence of small and large vendors, the agriculture M2M market appears highly fragmented. New entrants in the market are coming up with innovative M2M and cloud-based platforms. Moreover, the vendors in the market are focusing on mergers and acquisitions to strengthen their foothold in the global market and are also forming strategic partnerships to enter different regions by extending their presence.
The leading vendors in the market are -
- Davis Instruments
- Deere
- SemiosBio Technologies
- Telit
The 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.
Segmentation by type and analysis of the agriculture M2M market
During 2016, the services segment accounted for the major shares of the agriculture M2M market. Factors such as the growing interest of start-ups, accelerators, and incubators in implementing and investing in agriculture M2M solutions in service areas like platforms and application development will contribute to the growth of the market in the coming years.
Segmentation by application and analysis of the agriculture M2M market
- Equipment control and monitoring
- Crop management
- Environmental monitoring
- Livestock farming and fishery management
- Smart logistics
As per this market research report, the equipment control and monitoring held the maximum market share of the agriculture M2M market during 2016. This segment will retain its lead due to the availability of smart monitoring solutions for irrigation systems, tractors, harvesters, tanks, and pumps and ability to track the location, operation's status, and other diagnostics remotely and automatically.
Key questions answered in the report include
- What will the global agriculture machine to machine (M2M) market size and the growth rate be in 2021?
- What are the key factors driving the global agriculture machine to machine (M2M) market?
- What are the key market trends impacting the global agriculture machine to machine (M2M) market?
- What are the challenges to market growth?
- Who are the key vendors in the global agriculture machine to machine (M2M) market?
- What are the market opportunities and threats faced by the vendors in the global agriculture machine to machine (M2M) market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global agriculture machine to machine (M2M) market?
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