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:
Extensive Internet of Things (IoT) Agriculture Market analysis is carried out by attentively monitoring important product positioning and the market framework’s top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Internet of Things (IoT) Agriculture market.
The Internet of Things (IoT) Agriculture market study also gives information on the leading businesses functioning in the Internet of Things (IoT) Agriculture industry’s strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Internet of Things (IoT) Agriculture market in both global and regional markets.
Internet of Things (IoT) Agriculture Market Dynamics:
Even as the effects of climate change make maintaining sustainable food security increasingly challenging, the world’s population and food consumption are expanding at an alarming rate. In a world that will increasingly struggle with food shortages, using IoT technologies to sustainably grow food faster is essential. On the other hand, considerable amounts of arable farmland have suffered over the past few years as a result of climate change.
Similar to AI and blockchain technology, IoT is a big invention that is dramatically changing how food is currently produced. IoT uses the Internet to create a network connecting intelligent devices, allowing for precise monitoring. IoT in agriculture uses sensors and processors in fields, vineyards, orchards, and barns to monitor changes in the agricultural environment. Farmers must change to minimize damage.
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Market Scope:
This research on the Internet of Things (IoT) Agriculture industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Internet of Things (IoT) Agriculture utilizing internal and external private information, as well as relevant patent and regulatory sources.
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.
Internet of Things (IoT) Agriculture Market Key Players:
A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Internet of Things (IoT) Agriculture business are…
• 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
Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
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COVID-19 Impact Analysis on Internet of Things (IoT) Agriculture Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people’s lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market’s initial and future projections.
Key Questions Answered in the Internet of Things (IoT) Agriculture Market Report are:
- What will be the CAGR of the Internet of Things (IoT) Agriculture market during the forecast period?
- Which segment emerged as the leading segment in the Internet of Things (IoT) Agriculture market?
- Which are the prominent players in the Internet of Things (IoT) Agriculture market?
- What will be the Internet of Things (IoT) Agriculture market size by 2027?
- Which company held the largest share in the Internet of Things (IoT) Agriculture market?
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