Global IoT in Agriculture Market to Grow at a CAGR of 28.30% During 2016-2024


Posted June 20, 2018 by Steveblade

According to Goldstein Research, global IoT in Agriculture market is expected to grow at a CAGR of 28.30% over the forecast period 2016-2024 from a market size of USD 4.40 billion in 2015

 
According to Goldstein Research, global IoT in Agriculture market is expected to grow at a CAGR of 28.30% over the forecast period 2016-2024 from a market size of USD 4.40 billion in 2015. Implementation of precision agriculture technique and smart irrigation practices is driving the growth of the market. Global IoT in Agriculture market segmentation has been done on the basis of components and geography. Acquisitions and partnerships between public and private sector are promoting investment for implementation of internet of things (IoT) in agriculture and technology based agriculture projects.

Global IoT in Agriculture industry is largely dominated by North America and accounted for around 75% market share in 2015. North America IoT in agriculture market value is expected reach USD 20.1 billion by 2024. Europe IoT in agriculture market valued USD 5.8 billion in 2016 and is anticipated grow at a notable CAGR of 7.50% over the forecast period. Countries such as Greece, Spain, Poland, France and Scotland have already implemented IoT based solutions in agriculture.

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Market Segmentation

On the basis of our in-depth analysis, Global IoT in Agriculture Market can be segmented as follows:

Based on Components

o Hardware
 Drones
 Sensors
 RFID Tags
 Others(Transmitters, Sprinklers)
o Software
 Data Management Software
 Network Management Software
 Security Software
 Remote Monitoring Software
 Real Time Streaming Analysis Software
o Platforms
 Connectivity/M2M Platforms
 Infrastructure-as-a-Service (IaaS) Backend Platforms
 Hardware specific software Platforms
 Consumer/Enterprise Software Extension Platforms

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global IoT in Agriculture Market Outlook 2024” contains a detailed overview of the global IoT in Agriculture market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components and geography.

Further, for the in-depth analysis, Global IoT in Agriculture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corporation, ThingWorx, John Deere & Company, Qualcomm Flight Platform, Agribiotix, Deepfield Robotics (Bosch), Topcon Positioning Systems, Inc., Raven Industries, Inc.,
SemiosBio Technologies Inc., AGCO Corporation, CNH Industrial, Lindsay Corporation, Trimble Navigation Ltd., Cisco Systems, Leica Geosystems, Trackit, Euravka, FluxFarm Inc., Climate Corporation, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global IoT in Agriculture market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our industry analysis reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on advanced future technology market reports reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
[email protected]
www.goldsteinresearch.com

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Tags IoT in Agriculture Market , IoT in Agriculture Market trends , IoT in Agriculture Market size
Last Updated June 20, 2018