Global IoT in Agriculture Sector Industry Analysis, Market Size, Trends, And Regional Outlook

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According to Goldstein Research, next several years will witness growing use of internet of things and other smart farming technologies. In fact, IoT device installations in the agriculture sector are anticipated to experience a compound annual growth rate of 20 percent. Livestock monitoring, conservation monitoring, and precision farming are some of the major applications that will significantly augment the growth of IoT in agriculture sector across the globe. Global IoT in Agriculture Market outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Moreover, growing number of startups and huge funding by technology companies are also augmenting the growth of IoT in the field of agriculture. However, technology penetration in developing regions poses the major challenge for the market growth.

Market Segmentation

On the basis of our in-depth analysis, global IoT in agriculture market can be segmented as follows:

 

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

 

  •  Based on Geography
    • North America (U.S. & Canada) IoT In Agriculture Market {Market Share (%), Market Size(USD Billion)}
    • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) IoT In Agriculture Market {Market Share (%), Market Size(USD Billion)}
    • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) IoT In Agriculture Market {Market Share (%), Market Size(USD Billion)}
    • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) IoT In Agriculture Market t {Market Share (%), Market Size(USD Billion)}
    • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) IoT In Agriculture Market {Market Share (%), Market Size(USD Billion)}

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IoT in Agriculture Industry Trends, Drivers, & Challenges

“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, the market can be segmented in terms of market segmentation by components type.

Further, for the in-depth analysis, Global IoT In Agriculture Industry Trends 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. 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, the report represents the global IoT in agriculture market trends along with the 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 market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on advanced future technologies reports helping various tech-giants, tech start-ups, and entry players to assess the current and upcoming business scenario. We believe in a rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

 

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