Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for agriculture industry professionals · Thursday, March 28, 2024 · 699,435,472 Articles · 3+ Million Readers

Agriculture IoT Market Worth $34.9 Billion by 2027- Exclusive Report by Meticulous Research®

/EIN News/ -- London, Feb. 24, 2020 (GLOBE NEWSWIRE) -- According to a new market research report Agriculture IoT Market by Component (Hardware, Software, Services), Application (Precision Farming, Smart Greenhouse, Livestock Monitoring, Smart Irrigation, Others), and Geography- Global Forecast to 2027”, published by Meticulous Research®, the agriculture IoT market is expected to grow at a CAGR of 14.1% from 2019 to reach $34.9 billion by 2027.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5080

Agriculture IoT refers to the adoption of advanced technologies for producing higher yield from farms in order to cater to increasing demands of masses and enhancement of productivity by optimizing fertilizer use, thereby increasing the efficiency of farm. Deployment of smart devices based on IoT in agriculture is changing the way data is being handled, processed, and utilized in the field. The global agriculture IoT market is witnessing a consistent growth owing to growing use of precision farming techniques and increasing adoption of IoT and cloud-based solutions. In addition, extensive government initiatives in encouraging modernized farming techniques, rise in population, increase in demand for high-quality food products, and shrinkage of arable land are driving the demand for IoT solutions in farming. However, lack of data privacy and security coupled with lack of internet infrastructure in agriculture industry are the key factors restraining the growth of the global agriculture IoT market.

The overall agriculture IoT market is mainly segmented by components (hardware, software, services), application (precision farming, smart greenhouse, livestock monitoring, smart irrigation, others), and geography. The study also evaluates industry competitors and analyses the market at a country level.

Based on component, the hardware segment accounted for the largest share of the overall agriculture IoT market in 2019. This is primarily attributed to the fact that the demand for IoT deployment is fuelling investments into hardware infrastructure. The factors such as increasing adoption of precision farming and profitable results achieved by implementing variable rate technology; and growing deployment of yield monitoring devices along with high usage of GPS/GNSS devices for farm planning, field mapping, and soil sampling are driving the growth of this segment.

Buy Now: https://www.meticulousresearch.com/buy_now.php?pformat=381&vformat=1130

Based on application, the overall precision farming segment accounted for the largest share of the overall IoT in agriculture market. The large share of this segment is mainly attributed to the high proliferation of innovative sensor technology that is used to specify farmlands based on soil type, fertility levels, and other characteristics of the site by analysing a variety of data enabling farmers to maximise yields with fewer inputs and better savings. Additionally, several benefits including cost reduction in sensing and monitoring devices and timely managed and professional services assured by the solution providers are also encouraging the demand for modernized solutions in agriculture IoT market.

The agriculture IoT market scope varies greatly across different continents. The reason for this lies in the pace of technological development across different parts of the world. Large number of companies in North America are offering IoT solutions to enhance the agricultural output and leverage the benefits obtained from integrating new technologies, such as 5G and cloud computing with IoT solutions, which helps to streamline the agriculture businesses. The presence of a majority of established agriculture IoT players and start-ups have boosted the overall agriculture IoT market in the North American region. With respect to revenue, North America is currently the major market and expected to maintain its dominance throughout the forecast period. However, rising government initiatives towards digitization, increasing technology awareness, and growing adoption of agriculture IoT by the farmers are driving the Asia Pacific region to register the fastest growth in the overall agriculture IoT market.

The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016-2019). The agriculture IoT market has witnessed larger number of new product launches in recent years. For instance, in November 2019, Trimble, Inc. (U.S.) introduced GFX-350™ display and NAV-500™ guidance controller to provide a cost-effective option for farmers. This enabled farmers to adopt the latest precision agriculture technology for their daily operations. Similarly, in June 2019, Komatsu Forest (Japan) launched a product, MaxiVision that helped the forest machine operators to visualize the state and conditions of the forest. This enabled operators to closely analyse the land and forest conditions and subsequently take further actions in their operations. This technology also has wide implications in the farm monitoring and crop health monitoring.

The global agriculture IoT market is consolidated and dominated by a few major players, namely Deere and Company (U.S.), Trimble Inc. (U.S.), AGCO Corporation (U.S.), Raven Industries (U.S.), Delaval (Sweden), GEA Group (Germany), Agjunction (U.S.), Antelliq (France), Ponsse (Finland), Komatsu Forest (Sweden), Farmer's Edge Inc. (U.S.), The Climate Corporation (U.S.), DICKEY-john (U.S.), and CropMetrics LLC (U.S.), among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/agriculture-iot-market-5080/

Scope of the Report:

IoT in Agriculture Market by Component                     

  • Hardware                         
    • Automation and Control Systems            
      • Irrigation Controllers
      • Flow and Application Control Devices       
      • Variable Rate Controllers    
    • Sensing and Monitoring Devices              
      • Soil Sensors  
      • Water Sensors        
      • Climate Sensors      
      • Sensors for Livestock         
    • Guidance and Navigation              
    • Drones         
    • Handheld Computers         
    • Displays                 
    • Harvesters & Forwarders              
    • RFID Tags and Readers                
    • LED Grow Lights                
  • Software                         
    • On-Premise            
    • Cloud-based           
  • Services                          
    • Professional Services         
    • Managed Services             

IoT in Agriculture Market by Application

  • Precision Farming    
    • Yield Monitoring
    • Field Mapping
    • Crop Scouting
    • Weather Tracking & Forecasting
    • Variable Rate Technology
    • Inventory Management
    • Financial Management
    • Others (Precision Forestry)
  • Smart Greenhouse   
    • Ambient Environmental Monitoring
    • Yield Monitoring
    • Water & Nutrient Management
  • Livestock Monitoring 
    • Feeding Management
    • Breeding Management
    • Behavior Monitoring and Management
    • Others
  • Smart Irrigation   
  • Others

IoT in Agriculture Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5080

Related Reports:

Agriculture Drone Market by Product (Hardware (Rotary Blade, Fixed Wing, Hybrid), Software), Application (Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, Precision Fish Farming), and Geography - Global Forecast to 2025

Precision Farming Software Market by Delivery Model (Local/Web, Cloud, SaaS, PaaS), Application (Yield Mapping, Crop Scouting, Irrigation Management, Inventory Management, Financial Management), Services Provider, by End-User (Agriculture, Horticulture, Floriculture, Animal Husbandry), and Geography - Global Forecast to 2025

Agriculture Analytics Market by Application (Farm Analytics, Livestock Analytics, and Aquaculture Analytics), Component (Solution and Services), Farm Size (Small, Medium-Sized, and Large), and Region - Global Forecast to 2025

Micro Irrigation Systems Market by type (Sprinkler, Drip), Component (Drippers, Polyethylene Tubing, Irrigation Valve, Filters), Crop Type (Plantation Crops, Orchard Crops, Field Crops), Application (Farmers, Government), and Geography- Global Forecast to 2024

Irrigation Controllers Market by Type (Smart Irrigation Controller, Tap Timer, Basic Controllers), Irrigation Type (Sprinkler Irrigation/Sprinkler, Drip Irrigation), And Application (Non-Agricultural And Agriculture)- Global Opportunity Analysis And Industry Forecast (2018–2023)

Digital Transformation Market by Technology (IoT, Cloud Computing, Big Data Analytics, Artificial Intelligence, Cybersecurity, Mobility Solutions, AR/VR, Robotic Process Automation, Others), End-use Industry (Retail, Government and Public Sector, Healthcare, Supply Chain and Logistics, Utilities, Manufacturing, Insurance, IT and Telecom, Media and Entertainment, Banking and Financial Services, Education, Others) Industry Size (Small and Medium Enterprises, Large Enterprises), Process (Customer Transformation, Operational Transformation, Product Transformation, Workforce Transformation) - Global Forecast to 2025

About Meticulous Research®

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.


Mr. Khushal Bombe
                    Meticulous Research®
                    Direct Lines: +1-646-781-8004 (North America)
                    +44-203-868-8738 (Europe)
                    +91 744-7780008 (Asia-Pacific)
                    Email- sales@meticulousresearch.com
                    Visit Our Website: https://www.meticulousresearch.com/
                    Meticulous Research® Blog: https://meticulousblog.org/
                    Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release