The internet of things (IoT) in agriculture market is expected to grow at a CAGR of 14.65% in the forecast period 2021 to 2028. Rise in the adoption of IoT and AI by farmers and growers is the major factor driving the growth of IoT in agriculture market in the forecast period of 2021-2028.
The Global Internet of Things (IoT) in Agriculture Market report brings into light key market dynamics of the sector. This intelligence report includes investigations based on Current scenarios, Historical records, and Future predictions. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, diagrams, graphs, pie charts, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. It presents the 360-degree overview of the competitive landscape of the industries. Internet of Things (IoT) in Agriculture Market is showing steady growth and CAGR is expected to improve during the forecast period.
Internet of things (IoT) technology plays a significant role in increasing the current agricultural productivity to cater to the rising demand for food. IoT in agriculture industry incorporates IoT-based advanced technological systems, tools, equipment, and solutions to improve the operational efficiency, maximize yield, and minimize wastage of energy through real-time field data collection, data storage, data analysis, and development of control platform.
Rise in the focus on livestock monitoring and disease detection is the vital factor escalating the market growth, also rise in the demand for agricultural production output, increase in the governments support to adopt modern agricultural techniques, rise in the climate change, increase in the emphasis on hiking efficiency and rise in the adoption of drones in agriculture applications are the major factors among others driving the growth of internet of things (IoT) in agriculture market. Moreover, rise in the expansion of smartphone and internet penetration, rise in the public-private partnership and rise in the adoption of internet based technologies will further create new opportunities for internet of things (IoT) in agriculture market in the forecast period of 2021- 2028.
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The major players covered in the internet of things (IoT) in agriculture market report are Deere & Company, Trimble Inc., Raven Industries, AGCO Corporation, AgJunction, DeLaval, GEA Group Aktiengesellschaft, Lely, Intervet Inc, Ag Leader Technology, Tigercat International Inc, Ponsse Oyj, Caterpillar, Komatsu Forest, Treemetrics, Topcon and DICKEY-john among other domestic and global players.
Scope of the Internet of Things (IoT) in Agriculture Market Report:
The research examines the key players in the Global Internet of Things (IoT) in Agriculture Market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. It also sheds light on the vendor landscape, helping players to foresee future competitive movements in the global Internet of Things (IoT) in Agriculture business.
This study estimates the market size in terms of both value (millions of dollars) and volume (millions of units) (K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Internet of Things (IoT) in Agriculture market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.
The internet of things (IoT) in agriculture market is segmented on the basis of component and application. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on component, the internet of things (IoT) in agriculture market has been segmented into software, system and services. System has been further segmented into sensing and monitoring systems, fish farming systems, smart greenhouse systems, livestock monitoring systems, automation and control systems and others.
- The internet of things (IoT) in agriculture market is also segmented on the basis of application into livestock monitoring, precision crop farming, indoor farming, aquaculture, integrated pest management, water supply management and others.
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Regional Analysis of the Internet of Things (IoT) in Agriculture Market:
The global Internet of Things (IoT) in Agriculture Market research report details the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the Market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors.
➛ North America (United States, Canada, and Mexico)
➛ Europe (Germany, France, UK, Russia, and Italy)
➛ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
➛ South America (Brazil, Argentina, Colombia, etc.)
➛ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
The readers in the section will understand how the Internet of Things (IoT) in Agriculture Market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as production, demand, consumption, and supply chain. The Market experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall market in the years to come.
What insights does the Internet of Things (IoT) in Agriculture Market report provide to the readers?
➜ Internet of Things (IoT) in Agriculture fragmentation on the basis of product type, end-use, and region
➜ Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape
➜ Collaborations, R&D projects, acquisitions, and product launches of each Internet of Things (IoT) in Agriculture player
➜ Various regulations imposed by the governments on the consumption of Internet of Things (IoT) in Agriculture in detail
➜ Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Internet of Things (IoT) in Agriculture Market.
There are 13 Sections to show the global Internet of Things (IoT) in Agriculture market:
Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue, and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast
Chapter 13: Internet of Things (IoT) in Agriculture Market Research Findings and Conclusion, Appendix, methodology, and data source
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