South Korea Connected Agriculture Market (2024-2030) | Outlook, Trends, Growth, Companies, Value, Revenue, Industry, Size, Forecast, Share & Analysis

South Korea Connected Agriculture Market Highlights

Report Name	South Korea Connected Agriculture Market
Forecast period	2024-2030
CAGR	18.9%
Growing Sector	Farming

Topics Covered in South Korea Connected Agriculture Market Report

South Korea Connected Agriculture Market Report thoroughly covers the market by Component, by Platforms, and by Application. The South Korea Connected Agriculture Market Outlook report provides an unbiased and detailed analysis of the ongoing South Korea Connected Agriculture Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

South Korea Connected Agriculture Market Synopsis

South Korea Connected Agriculture market is projected to witness significant growth driven by increasing uptake in digital farming technologies and the advent of advanced connected solutions. The connected agriculture market growth is fueled by the increasing need for efficient agricultural practices integrated with advanced technology.

According to 6Wresearch, South Korea Connected Agriculture Market size is projected to grow at a CARG of 18.9% during 2024-2030. The rising demand for various digital agricultural solutions, owing to varying agricultural needs, drives the market growth. More connectivity is required for large scale farming, leading to increased use of advanced digital solutions. Diversified crop production, precision farming practices, and sustainability focus stimulate the adoption of connected agriculture, catering to varying farm sizes and operational needs. Infrastructure improvements, market segmentation strategies, and innovative solutions tailored to niche markets further propel market growth. In addition, the expansion of agricultural land and the need for efficient farming methods are propelling the connected agriculture market in South Korea.

Despite the growing demand for Connected Agriculture in South Korea, the market faces several challenges such as   lack of technical expertise, digital literacy, and training opportunities among farmers and agricultural workers impedes the adoption and utilization of connected agriculture technologies. Building capacity, providing education on digital tools, and fostering a culture of continuous learning are essential for empowering stakeholders to leverage technology for improved farm management and decision-making

South Korea Connected Agriculture Market: Key Players

The South Korea Connected Agriculture Market is witnessing significant growth, with key players like IBM, Microsoft, and SAP SE. These industry leaders are known for their technologically advanced and effective digital solutions. They focus on innovative designs and customer-centric strategies to strengthen their market positions. Their solutions renowned for performance, safety, and efficiency cater to a robust agricultural base.

Government Policy of the Market

Government investments in rural infrastructure development, road networks, irrigation systems, and agri-processing facilities support agricultural digitization, market access, and rural livelihoods, creating opportunities for the use of connected agriculture in remote areas. The government promotes digitization programs that encourage the adoption of modern farming technologies, including digital solutions, precision agriculture tools, and machinery, to improve farm efficiency, increase yields, and drive agricultural modernization. Government funding for research and development in agriculture encourages innovation, technology advancements, and product diversification in the connected agriculture market, fostering collaboration between academia, industry, and farmers to drive digital solution innovation and performance improvements.

Future Insights of the Market

The integration of precision agriculture technologies, IoT solutions, and data analytics into farming will revolutionize farm management practices, enabling site-specific crop interventions, real-time monitoring, and data-driven decision-making for optimized yields and resource efficiency. The emergence of smart farming equipment will disrupt traditional farming methods, offering industry 4.0 solutions that enhance productivity, reduce labor costs, and improve operational sustainability in South Korea. Growth of specialized digital solution segments targeting niche markets, unique applications, and specialized farming sectors such as horticulture, viticulture, organic farming, and agro-processing, addressing specific requirements, operational challenges, and productivity demands within specialized agricultural domains.

Market Segmentation By Component

According to Ravi Bhandari, Research Head, 6Wresearch, the "Platforms" segment is witnessing rapid growth due to its ability to handle various digital agricultural operations, from device management to application enablement and connectivity management in South Korea.

Market Segmentation By Application

In the South Korea Connected Agriculture Market, Pre-Production Planning And Management is the primary sector driving the demand for digital solutions. These solutions play a pivotal role in agricultural mechanization by enhancing operational efficiency, reducing manual labor requirements, and speeding up farm tasks such as crop rotation planning, soil analysis, and planning for pest management, leading to improved productivity and output in South Korea farms.

Market Segmentation By Platforms

Application Enablement Platforms is witnessing rapid growth in this segment. These platforms facilitate irrigation management, livestock tracking, farm tracking, and crop health monitoring and are considered crucial for successful farm management practices in South Korea.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Component:

• Solution
• Platforms
• Services

By Platforms:

• Device Management
• Application Enablement
• Connectivity Management

By Application:

• Pre-Production Planning And Management
• In-Production Planning And Management
• Post-Production Planning And Management