Internet of Things (IoT) Agriculture Market was valued at USD 11.5 Billion in 2024, and it is expected to reach USD 23.4 Billion by 2030


Posted December 23, 2023 by monal123

Agriculture implements IoT over the use of drones, robots, sensors, and computer imaging integrated with analytical tools for receiving insights and monitoring the farms.

 
Internet of Things (IoT) Agriculture Market Overview:

For the global industry's Internet of Things (IoT) Agriculture market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, and predict the market size, and growth rate.

The worldwide Internet of Things (IoT) Agriculture market's growth reasons, as well as the market's many users, are discussed. Data is provided by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis should be presented in the form of statistics, infographics, and presentations.

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Internet of Things (IoT) Agriculture Market Scope:

Our team collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study's country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.

The Internet of Things (IoT) Agriculture market's competitive landscape provides information from a rival. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The data points displayed above are exclusively related to the businesses' focus on the Internet of Things (IoT) Agriculture industry.

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Internet of Things (IoT) Agriculture Market Dynamics:

The IoT agriculture industry provides vendors with a large platform from which to meet the entire demand. There is more competition for agricultural IoT sales globally. As a result of increased competition, new vendors are meeting consumer demand for more affordable agriculture IoT by providing a range of alternatives at competitive prices. Among the top businesses in the agriculture IoT sector are DeLaval, Crop Metrics, Raven Industries, AeroFarms and SmartCultiva Corporation.

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Internet of Things (IoT) Agriculture Market Segmentation:

by Application
• Precision farming
• Livestock monitoring
• Smart greenhouse
• Fish farm monitoring

By application, precision farming segment is estimated to account for over 35% of the total market share in 2021. The rise in the market share of precision farming is being promoted by the IoT integration in the precision imaging for the monitoring of soil, water, and weather, along with the real-time data collection about the health of the equipment and farm's condition with the aid of drones' sensors, controllers, etc. Precision farming aims to assess data produced by sensors and respond appropriately. With the use of sensors, precision farming enables farmers to collect data, analyse it, and make quick, informed decisions. Numerous precision agricultural methods, including livestock management, vehicle monitoring, and irrigation management, all contribute significantly to raising productivity and effectiveness.

Internet of Things (IoT) Agriculture Market Key Players:

• Deere & Company
• Trimble, Inc.
• Leica Geosystems
• Raven Industries
• AG Junction, Inc.
• Agco Corporation
• Precision Planting Inc.
• The Climate Corporation
• DeLaval
• GEA Farm Technology
• Lely
• Antelliq
• AG Leader Technology
• Tigercat
• Ponsse
• Komatsu Forest AB
• DICKEY-john Corporation
• Hitachi, Ltd
• Telit
• Decisive Farming
• OnFarm Systems Inc.
• Farmers Edge Inc.
• SlantRange, Inc.
• SmartCultiva Corporation

Regional Analysis:

A country-level study of the Internet of Things (IoT) Agriculture Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Internet of Things (IoT) Agriculture Market study.

COVID-19 Impact Analysis on Internet of Things (IoT) Agriculture Market: The report covers COVID-19 impact on Internet of Things (IoT) Agriculture market.

Key Questions Answered in the Internet of Things (IoT) Agriculture Market Report are:

What will be the CAGR of the Internet of Things (IoT) Agriculture market during the forecast period?
Which segment emerged as the leading segment in the Internet of Things (IoT) Agriculture market?
Which are the prominent players in the Internet of Things (IoT) Agriculture market?
What will be the Internet of Things (IoT) Agriculture market size by 2027?
Which company held the largest share in the Internet of Things (IoT) Agriculture market?
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About Maximize Market Research:

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Issued By monalyadav
Country India
Categories Business
Tags internet of things iot agriculture market
Last Updated December 23, 2023