Internet of Things (IoT) Agriculture Market was valued at USD 13.73 Billion in 2023, and it is expected to reach USD 25.58 Billion by 2030, exhibiting a CAGR of 9.29 % during the forecast period (2024-2030)
Internet of Things (IoT) Agriculture Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Internet of Things (IoT) Agriculture Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Internet of Things (IoT) Agriculture market by thorough analysis, and projections are made up to 2030.
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Internet of Things (IoT) Agriculture Market Scope and Methodology:
The Internet of Things (IoT) Agriculture market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Internet of Things (IoT) Agriculture market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Internet of Things (IoT) Agriculture market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Internet of Things (IoT) Agriculture market were developed. The study provides a thorough value chain analysis that clarifies the Internet of Things (IoT) Agriculture production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Internet of Things (IoT) Agriculture market on a global and micro level.
Internet of Things (IoT) Agriculture Market Segmentation:
by System
Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software
by Application
Precision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring
In 2023, the precision farming segment is projected to hold a market share of more than 35%. IoT integration in precision imaging for weather, water, and soil monitoring, as well as real-time data collection about the condition of the farm and equipment using drone sensors, controllers, etc., are driving the growth of precision farming's market share. The goal of precision farming is to evaluate sensor data and react accordingly. Precision farming uses sensors to gather information, analyze it, and make prompt, well-informed judgments. Several precision agricultural techniques, such as irrigation management, vehicle tracking, and livestock management, all greatly increase efficiency and productivity.
byFarm Type
Large
Mid-Sized
Small Farms
In 2023, the Internet of Things (IoT) Agriculture Market was dominated by the small farm sector. Small farms are expected to adopt automation and other advanced technologies at the fastest rate in the upcoming years due to the falling cost of farm automation equipment and technological advancements that make it more feasible to deploy automation tools even on smaller farms to achieve high returns on investments.
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Internet of Things (IoT) Agriculture Market Key Players:
1. Deere & Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
7. Precision Planting Inc.
8. The Climate Corporation
9. DeLaval
10.GEA Farm Technology
11.Lely
12.Antelliq
13.AG Leader Technology
14.Tigercat
15.Ponsse
16.Komatsu Forest AB
17.DICKEY-john Corporation
18.Hitachi, Ltd
19.Telit
20.Decisive Farming
21.OnFarm Systems Inc.
22.Farmers Edge Inc.
23.SlantRange, Inc.
24.SmartCultiva Corporation
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Internet of Things (IoT) Agriculture Market Regional Insights :
The size and trends in the Internet of Things (IoT) Agriculture market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the Internet of Things (IoT) Agriculture Market are:
- What is Internet of Things (IoT) Agriculture?
- What was the Internet of Things (IoT) Agriculture market size in 2023?
- Which are the factors expected to drive the Internet of Things (IoT) Agriculture market growth?
- Who are the leading companies and what are their portfolios in Internet of Things (IoT) Agriculture Market?
- What growth strategies are the players considering to increase their presence in Internet of Things (IoT) Agriculture?
- What are the upcoming industry applications and trends for the Internet of Things (IoT) Agriculture Market?
- What will be the CAGR at which the Internet of Things (IoT) Agriculture market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Internet of Things (IoT) Agriculture Market?
- What are the different segments of the Internet of Things (IoT) Agriculture Market?
- What is the growth rate of the Internet of Things (IoT) Agriculture Market?
- What segments are covered in the Internet of Things (IoT) Agriculture Market?
- Who are the key players in the Internet of Things (IoT) Agriculture market?
- What are the key challenges and opportunities in the Internet of Things (IoT) Agriculture market?
- Which application holds the highest potential in the Internet of Things (IoT) Agriculture market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018-2023)
- Past Pricing and price curve by region (2018-2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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