Internet of Things (IoT) Agriculture Market was valued at USD 11.5 Billion in 2021, and it is expected to reach USD 23.4 Billion by 2029, exhibiting a CAGR of 9.29 % during the forecast period (2022-2029)
Internet of Things (IoT) Agriculture Market Overview:
Maximize Market Research's new report, Global Internet of Things (IoT) Agriculture Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Internet of Things (IoT) Agriculture Market.
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Internet of Things (IoT) Agriculture Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Internet of Things (IoT) Agriculture market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Internet of Things (IoT) Agriculture market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Internet of Things (IoT) Agriculture Market Segmentation:
According to application, the precision farming sector is anticipated to hold more than 35% of the market in 2021. The IoT integration in precision imaging for the monitoring of soil, water, and weather, along with the real-time data collection about the health of the equipment and farm's condition with the help of drones' sensors, controllers, etc., are promoting the growth in the market share of precision farming. The goal of precision farming is to analyze sensor data and take the right action. Precision farming uses sensors to help farmers gather data, analyze it, and make decisions quickly and with knowledge. Numerous precision farming techniques, such as managing animals, tracking vehicles, and managing irrigation, all considerably increase productivity and effectiveness.
1. Global Internet of Things (IoT) Agriculture Market, By System (2021-2029)
• Automation and control systems
• Sensing and monitoring devices
• Livestock monitoring Hardware
• Fish farming hardware
• Smart greenhouse hardware
• Software
2. Global Internet of Things (IoT) Agriculture Market, By Farm Type (2021-2029)
• Large
• Mid-Sized
• Small Farms
3. Global Internet of Things (IoT) Agriculture Market, By Application (2021-2029)
• Precision farming
• Livestock monitoring
• Smart greenhouse
• Fish farm monitoring
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Internet of Things (IoT) Agriculture Market Key Players:
It then discusses the top competitors in the worldwide Internet of Things (IoT) Agriculture market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
• Deere & Company
• Trimble, Inc.
• Leica Geosystems
• Raven Industries
• AG Junction, Inc.
• Agco Corporation
• Precision Planting Inc.
• The Climate Corporation
• DeLaval
• GEA Farm Technology
• Lely
• Antelliq
• AG Leader Technology
• Tigercat
• Ponsse
• Komatsu Forest AB
• DICKEY-john Corporation
• Hitachi, Ltd
• Telit
• Decisive Farming
• OnFarm Systems Inc.
• Farmers Edge Inc.
• SlantRange, Inc.
• SmartCultiva Corporation
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Regional Analysis:
The report has analyzed the global Internet of Things (IoT) Agriculture market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Internet of Things (IoT) Agriculture market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Internet of Things (IoT) Agriculture Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Internet of Things (IoT) Agriculture Market Report are:
- Which are the major companies in the Internet of Things (IoT) Agriculture market?
- Which is the potential market for Internet of Things (IoT) Agriculture in terms of the region?
- Which application area of Internet of Things (IoT) Agriculture is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Internet of Things (IoT) Agriculture market size by 2027?
- What are the growth prospects for the Internet of Things (IoT) Agriculture market?
- What is the base year considered in the Internet of Things (IoT) Agriculture market report?
- Which region holds the largest market share in the Internet of Things (IoT) Agriculture market?
- What factors are anticipated to drive the Internet of Things (IoT) Agriculture market?
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