This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Internet Of Things (IoT) In Precision Agriculture industry.
What is the anticipated market size of the internet of things (iot) in precision agriculture industry over the next few years?
The internet of things (IoT) in precision agriculture market size has grown rapidly in recent years. It will grow from $7.09 billion in 2024 to $8.48 billion in 2025 at a compound annual growth rate (CAGR) of 19.5%. The growth in the historic period can be attributed to increasing adoption of global positioning system (GPS) technology, growing demand for yield monitoring, rising global food demand, government support for smart farming, and rising concerns over resource optimization.
The internet of things (IoT) in precision agriculture market size is expected to see rapid growth in the next few years. It will grow to $17.25 billion in 2029 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to rise in smart farming, expansion of cloud-based platforms, rising investment in agri-tech startups, demand for real-time farm data, and increasing use of autonomous farming equipment. Major trends in the forecast period include growth in drone-based crop monitoring, emergence of digital twin technology, shift towards predictive analytics, adoption of blockchain for supply chain transparency, and rise of subscription-based farm management solutions.
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What emerging drivers are expected to shape the future of the internet of things (iot) in precision agriculture market?
The rising global food demand is expected to propel the growth of the internet of things (IoT) in precision agriculture market going forward. The global food demand is rising due to population growth, urbanization, and changing diets. Higher incomes also lead to increasing consumption of resource-intensive foods. IoT in precision agriculture boosts food production by using smart sensors to monitor crops and resources efficiently, which leads to higher yields, less waste, and more sustainable farming to help meet global food demand. For instance, in April 2024, according to the Global Report on Food Crises 2024 by the World Food Programme, an Italy-based humanitarian organization, in 2023, nearly 282 million people across 59 countries faced high levels of acute food insecurity, highlighting the urgent need for efficient and sustainable agricultural practices. Therefore, the rising global food demand is driving the growth of the internet of things (IoT) in precision agriculture market.
What emerging segments are shaping the future landscape of the internet of things (iot) in precision agriculture industry?
The internet of things (IoT) in precision agriculture market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By System: Sensing System, Cloud Computing, Other Systems
3) By Application: Weather Tracking And Forecasting, Yield Monitoring And Farm Mapping, Crop Scouting, Irrigation Management, Other Applications
Subsegments:
1) By Hardware: Sensors, Drones, Global Positioning System (GPS) Devices, Smart Irrigation Systems, Control Systems, Cameras, Automation And Control Systems
2) By Software: Farm Management Software, Data Analytics Software, Remote Monitoring Software, Predictive Modeling Software, Cloud-Based Software, Mapping Software
3) By Services: System Integration Services, Managed Services, Professional Services, Consulting Services, Support And Maintenance Services, Connectivity Services
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#What are the top market trends driving innovation in the internet of things (iot) in precision agriculture industry?
Major companies operating in the internet of things (IoT) in precision agriculture market are focusing on developing innovative products such as, artificial intelligence (AI) integrated farm management platforms to improve real-time decision-making and resource optimization. AI-powered smart farm applications help farmers monitor crop health, soil conditions, and environmental factors, leading to more efficient and sustainable farming practices. For instance, in March 2025, ARB IOT Group Limited, a Singapore-based Internet of Things (IoT) solutions provider, launched an AI-powered smart agriculture drone designed to enhance precision in farming practices. This new drone integrates artificial intelligence with IoT capabilities to monitor crop health, assess soil conditions, and optimize pesticide and fertilizer usage, promoting resource efficiency and sustainable farming. It aims to support farmers in improving yield outcomes while reducing operational costs and environmental impact.
How are key players in the internet of things (iot) in precision agriculture market strengthening their market position?
Major companies operating in the internet of things (IoT) in precision agriculture market are Hitachi Ltd., International Business Machines Corporation (IBM), Deere & Company, Cisco Systems Inc., Case New Holland Industrial (CNHi) N.V., AGCO Corporation, Mouser Electronics Inc., Trimble Inc., Topcon Corporation, Climate LLC, Sentera Inc., CropX Inc., AeroFarms Inc., Actility SA, Monnit Corporation, AgJunction Inc., Ag Leader Technology, AGRIVI Ltd., Heliospectra AB, Pycno Industries Inc., Davra Networks Limited, Farmonaut Technologies Pvt. Ltd.
Which geographic areas are contributing significantly to the growth of the internet of things (iot) in precision agriculture sector?
North America was the largest region in the internet of things (IoT) in precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (IoT) in precision agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The Internet Of Things (IoT) In Precision Agriculture Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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