IoT in Agriculture Industry Overview: Size, Value, and Forecast Outlook 2025

According to the new market research report on "Agriculture IoT Market by Offering (Hardware, Software, & Services), Application (Precision Farming, Precision Forestry, Livestock Monitoring, Fish Farm Monitoring and Smart Greenhouse), Application, and Geography - Global Forecast to 2024", agriculture IoT market expected to grow from USD 12.7 billion in 2019 to USD 20.9 billion by 2024, at a CAGR of 10.4% from 2019 to 2024.A few key factors driving the growth of this market are increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, focus on livestock monitoring and disease detection to improve farming efficiency, and rising demand for agricultural production owing to increasing population.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199564903Hardware to hold the largest share of agriculture IoT market during the forecast periodHardware is expected to account for the largest share of the agriculture IoT market during the forecast period.

The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period.

Precision farming involves hardware devices and tools to minimize input and increase crop productivity (output).

Automation and control systems such as a global positioning system (GPS) receivers, guidance, and steering devices, and variable rate technology (VRT) tools play a significant role in the precision farming industry.Agriculture IoT precision farming market for automation and control systems to grow have higher growth during the forecast periodThe agriculture IoT precision farming market for Automation and control systems was valued s expected to grow at a higher CAGR from 2019 to 2024.

Also, the increasing adoption of automation and control devices such as GPS/GNSS, irrigation controller, and guidance and steering has created a new approach to farming practices and is expected to drive the market for automation and control systems.Agriculture IoT market in APAC is expected to grow at the highest CAGR during the forecast periodThe agriculture IoT market in APAC is expected to grow at the highest CAGR during the forecast period.

Factors driving the adoption of agriculture IoT technologies in APAC include the rising demand for food, growing pressure to improve yields with limited resources, and increasing requirement to protect crops from unexpected climatic changes.

Agriculture IoT Market report published by Value Market Research, which studies the future outlook of the market.

It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Agriculture IoT include Deere & Company, Trimble, Raven Industries, AgJunction Inc. (AgJunction), DeLaval, GEA Farm Technology, Lely, AGCO Corporation (AGCO), AG Leader Technology, Tigercat, Antelliq, Ponsse, Komatsu Forest AB, Caterpillar, DICKEY-john Corporation, Treemetrics, and Topcon Positioning Systems.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Agriculture IoT Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/agriculture-iot-market/download-sampleMarket SegmentationThe broad Agriculture IoT has been sub-grouped into the Offering Type, Application and region.

The report studies these subsets with respect to the geographical segmentation.

The strategists can gain a detailed insight and devise appropriate strategies to target specific market.

Global IoT in Agriculture Market Forecast to 2028The global IoT in agriculture market size is expected to reach USD 30.8 billion by 2028, registering a CAGR of 10.6% over the forecast period, according to the latest report by Reports and Data.

Major factors driving market revenue growth are the growing demand for agricultural output, increasing penetration of Internet of Things (IoT) & Artificial Intelligence (AI) technologies in the farming sector, and increasing government support for adoption of latest agricultural technologies along with growing focus on livestock monitoring to enhance efficiency in farming.

The report is fabricated with thorough primary and secondary research and is updated with the latest and emerging market trends to offer the readers opportunities to capitalize on the current market environment.

The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/4017The report presents a panoramic view of the competitive landscape of the IoT in Agriculture market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry.

The report also focuses on strategic alliances in the IoT in Agriculture market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.Top Players Analyzed in the Report are:Deere & Company, Trimble, Raven Industries, AGCO Corporation (AGCO), AgJunction Inc. (AgJunction), DeLaval, GEA Farm Technology, Lely, Antelliq, AG Leader Technology (AG Leader), Tigercat, Ponsse, Komatsu Forest AB, Caterpillar, Treemetrics, Topcon Positioning Systems, and DICKEY-john Corporation.Offering Outlook (Revenue, USD Billion; 2018 – 2028)Hardware, Software and Services.Agriculture Type Outlook (Revenue, USD Billion; 2018 – 2028)Precision Farming, Precision Forestry, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse and Others (Horticulture and orchids).Application Outlook (Revenue, USD Billion; 2018 – 2028)Precision Farming Applications, Precision Forestry Applications, Livestock Monitoring Applications, Fish Farm Monitoring Applications, Smart Greenhouse Applications and Other Applications (Horticulture and orchids applications).For a detailed understanding of the competitive landscape, a thorough regional analysis covering North America, Europe, AsiaPacific, Latin America, and Middle East & Africa, is offered in the report.

It studies the market size, market share, revenue contribution, production and consumption patterns, supply and demand ratio, import/export, and the operations of the key players operating in those regions.

A few key factors driving the growth of this market are increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, focus on livestock monitoring and disease detection to improve farming efficiency, and rising demand for agricultural production owing to increasing population.The agriculture IoT market is getting impacted by technological trends such as big data analytics, cloud platforms, and mobile computing.

Companies such as Trimble Navigation Limited (US) and Deere & Company (US) provide farm management applications.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199564903The agriculture IoT market for services is expected to grow at the highest CAGR during the forecast period.

The increasing demand for managed services and the rising installations of smart agriculture devices worldwide are the primary reasons behind the high growth of this market.

Agriculture IoT service providers mainly include companies that provide farm operation services, data services, and farm data analytics to software companies or directly to farmers.

Most companies or farmers/agronomists outsource the responsibility of handling operations to managed service providers.

Agriculture IoT techniques are expected to be adopted at a high rate in APAC as this region consists of emerging countries such as India, China, and countries in South East Asia.

The global Agriculture IoT Market is highly fragmented due to the presence of various large numbers of players which forms a competitive environment.

The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2021-2027 to gain competitive edge across the globe.

This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Agriculture IoT Market include Deere & Company, Trimble, Raven Industries, AgJunction Inc. (AgJunction), DeLaval, GEA Farm Technology, Lely, AGCO Corporation (AGCO), AG Leader Technology, Tigercat, Antelliq, Ponsse, Komatsu Forest AB, Caterpillar, DICKEY-john Corporation, Treemetrics, and Topcon Positioning Systems.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Agriculture IoT Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/agriculture-iot-market/download-sampleMarket SegmentationThe broad Agriculture IoT Market has been sub-grouped into the Offering Type, Application and region.

The report studies these subsets with respect to the geographical segmentation.

Market OverviewThe primary need to control operation factors optimizing the use of water and pesticides is anticipated to promote the IoT in the agriculture market 2020.

A potential of USD 34.88 Billion with a CAGR of 13.6% approx is forecasted by 2027.The need to lessen water usage and greenhouse gas emissions is likely to push the growth of the IoT In Agriculture Market share.

The demand to increase the crop yields while curtailing the cost of production is estimated to raise the demand for the IoT in the agriculture market in the coming period.Segmental Analysis The segmental insight into the IoT in the agriculture market has been conducted based on application, component, and region.

Based on the applications, the IoT in the agriculture market has been segmented into precision crop farming, indoor farming, livestock monitoring, aquaculture, water supply management, integrated pest management, and others.

The US shows the way for market development in the North American region as it has elevated digitalization in the agricultural sector, and it is anticipated that just about 80% of farmers employ smart farming technology.

The intense weather conditions owing to climate change have caused loss of arable land and have subsequently given rise to elevated adoption of IoT for escalating the volume and quality of the crop yield.Competitive AnalysisThe currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth.