Internet of Things (IoT) in agriculture market is expected to explode over the period 2016-2024


Posted November 9, 2017 by Steveblade

Connectivity/M2M Platforms market is the dominating segment and valued USD 0.22 billion in 2016 and is anticipated to reach USD 1.63 billion by the end of 2024.

 
Application of robotics technology and GPS enabled devices in farming is revolutionizing the agriculture sector. In U.S., over 80% of farmers have already adopted GPS technologies with computer imaging for agriculture machinery management and livestock monitoring. High adoption of connected solutions in farms is likely to fuel the expansion of IoT in agriculture market in upcoming 5-6 years. Global IoT in agriculture market is segmented based on components such as hardware, software and platform. Among these segments, hardware is the dominating segment owing to the increasing number of connected devices. Hardware for IoT in agriculture market accounted for 66% revenue share of global IoT in agriculture market in 2015. However, platform section is projected to experience notable growth due to rising R&D spending on implementation of IoT based solutions. Connectivity/M2M Platforms market is the dominating segment and valued USD 0.22 billion in 2016 and is anticipated to reach USD 1.63 billion by the end of 2024.
Request for TOC@ https://www.goldsteinresearch.com/toc-request/global-iot-in-agriculture-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

Market Segmentation
Global IoT in Agriculture Market is categorized on the following basis:
• 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
• Based on Geography
o North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Rest of World {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Based on geography, Asia-Pacific region is the fastest growing region for IoT in agriculture market and is expected to witness remarkable growth owing to huge implementation of advance technologies for agriculture in countries such as China, Vietnam, Japan and India. Asia-Pacific IoT in agriculture market valued USD 0.47 billion in 2016 and is expected to reach over USD 2.0 billion in 2024.
“Global IoT in Agriculture Market Outlook 2024” contains detailed overview of the global IoT in agriculture market in terms of market segmentation by components.
Further, for the in-depth analysis, IoT in agriculture market research report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global IoT in agriculture market report also provides competitive outlook of some of the major players of global IoT in agriculture market which includes 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. and Climate Corporation. 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, IoT in agriculture market report represents comprehensive synopsis on the global IoT in agriculture market trends that will help industry consultants, equipment manufacturers, 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.
Send Us Sample Request @ https://www.goldsteinresearch.com/request-sample/global-iot-in-agriculture-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
Goldstein Research is a leading market research and advisory firm, 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. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. 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
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Goldstein Research
Website [email protected]
Phone +1-646-568-7747
Business Address 99 Wall Street ,Suite No- 527, New York, NY 10005
Country United States
Categories Agriculture
Tags global iot in agriculture market , global iot in agriculture market size , global iot in agriculture market trends
Last Updated November 9, 2017