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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.
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 -
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.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation by type
PART 08: Market segmentation by application
PART 09: Market segmentation by service type
PART 10: Geographical segmentation
PART 11: Decision framework
PART 12: Drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
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