IoT in Agriculture Market Size And Forecast
IoT in Agriculture Market was valued at USD 12.32 Billion in 2019 and is projected to reach USD 26.93 Billion by 2027, growing at a CAGR of 10.29 % from 2020 to 2027.
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Global IoT in Agriculture Market Definition
IoT is the interconnected things, which are fixed with sensors, programming, network availability, and other fundamental gadgets that empower them to get and trade information, tending to them responsive. IoT in the farming business incorporates IoT-based prevalent innovative gadgets, frameworks, hardware, and answers for improve operational productivity, augment yield, and limit wastage of energy progressively field information assortment, information stockpiling, information examination, and headway of control stage. The uses of IoT in the horticulture business have urged the ranchers to control the water tank levels progressively, which make the water system technique more powerful. The improvement of IoT innovation in agribusiness techniques has caused the utilization of sensors in each progression of the cultivating cycle, similar to how long and assets a seed needs to turn into a completely developed vegetable. There has been a basic need to improve ranch yield as of late because of the expanding populace and more with the viewpoint of an Earth-wide temperature boost. Basically every period of farming can be mechanized.
Global IoT in Agriculture Market Overview
The worldwide IoT in
horticulture market is chiefly determined by the appropriation of cutting edge
innovations for developing dependable and feasible cultivating techniques for
improved homestead profitability. The ascent in the worldwide populace and an
ascent in food request have fuelled the appropriation of the most recent
innovations to augment rural creation. The execution of trend setting
innovations benefits enormous yield creation and enhances asset usage. The
progressions in the field of IoT, large information, and distributed computing
are detailing a positive effect on the development of this market. Food
organizations over the globe are likewise receiving modernized gadgets and
advancements to efficiently store created grains and oilseeds so they can be
used the entire year. Accordingly, joining IoT gadgets for a few purposes, in
horticulture, is driving the market development just as giving to the expanding
requests to top notch food products.
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IoT in Agriculture Market: Segmentation Analysis
IoT in Agriculture Market by Offering
• Hardware
• Software
• Services
IoT in Agriculture Market by Application
• Precision farming
• Livestock monitoring
• Smart greenhouse
• Fish farm monitoring
IoT in Agriculture Market by Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
Key Players in IoT in Agriculture Market
The “Global IoT in
Agriculture Market” study report will provide a valuable insight with an
emphasis on the global market. The major players in the market are Deere &
Company (US), Trimble (US), Raven Industries (US), AGCO Corporation (AGCO)
(US), AgJunction Inc. (AgJunction) (US), DeLaval (Sweden), GEA Farm Technology
(Germany), Lely (Netherlands), Antelliq (France), and AG Leader Technology (AG
Leader) (US).
The competitive
landscape section also includes key development strategies, market share, and
market ranking analysis of the above-mentioned players globally.
Reasons to Purchase this Report
• Qualitative and
quantitative analysis of the market based on segmentation involving both
economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest
growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in
the region as well as indicating the factors that are affecting the market
within each region
• Competitive landscape which incorporates the market ranking of the major
players, along with new service/product launches, partnerships, business
expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights,
product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect
to recent developments (which involve growth opportunities and drivers as well
as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through
Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in
the years to come
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