16% CAGR To be achieved By IoT in Agriculture Market by 2022 according to new Research

“Global IoT in Agriculture Market Analysis & Forecast- 2016 to 2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977
Food security is a major issue in the present global scenario, and especially so due to the increasing population day by day. Numerous research studies have discovered that the current food production volume needs to be doubled in order to suffice for the needs of the current burgeoning population. Furthermore, owing to the fact that natural resources such as land, water and labor are limited, agricultural productivity needs to be compounded to feed the masses. Adoption of automation and mechatronics, especially IoT technologies in farming operations is a colossal step towards contributing in ensuring production efficiency and sustainability.
The IoT technologies have largely transformed the agriculture sector by providing adequate support systems, backed by real time data gathered by utilizing a number of modern technologies, and by maximizing the quality and quantity of agricultural produce along with the financial returns. IoT in agriculture is a system that connects different components and allows the user to have a multifaceted view of his farming operations and also assists in decision making. In other words, the major IoT technologies actively assist in collecting data regarding crop and soil behavior, animal/ cattle conditions & their locations, agricultural machines, and inventory status, among others, with the combination of different technologies in one single system such as sensors, cloud computing, RFID tags, and data management software among others.

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The concept of IoT in agriculture market revolves around the types of applications and systems used for these applications. Yield monitoring, variable rate applications, field mapping, soil monitoring, crop scouting, precision irrigation, livestock management, and others are prevalent application types in this market. Yield monitoring applications of IoT in agriculture currently is leading the market, followed by the precision irrigation application, while the highest growth is expected in the revenue generated by crop scouting application of the IoT technologies in agriculture.
Proper integration of the system components and software of the whole IoT system is necessary to ensure efficient and effective agricultural operations. These cover all the major aspects from tracking & positioning systems (GPS devices, Radio Frequency Identification (RFID), monitoring & detection systems (sensors, UAVs/ drones, autonomous vehicles & tractors), telematics systems (network communication technologies & standards & protocols), and cloud computing devices. The contribution of monitoring and detection systems in the overall IoT in agriculture market is mostly attributable to the popularity of the components used in this system such as UAVs/ drones, sensors, Ag robots, and autonomous vehicles. Another component in IoT in agriculture market i.e. telematics devices, is expected to grow at the highest CAGR from 2016 to 2022 owing to the growing necessity of adopting standards and protocols and other network & communication technologies.
The report takes a close and analytical look at the various companies that strive for a higher share of the global IoT in Agriculture market. Data on the leading and fastest-growing segments along with what drives them has been given. This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria. For this purpose, a section dedicated to company profiles has been included in the report.
The report is presented in a clear and concise manner so that readers can understand the market structure and dynamics effectively. Recent trends and developments in the global IoT in Agriculture market have been analyzed. Opportunities leading to the growth of the market have been analyzed and stated. The report focuses on the global IoT in Agriculture market, and answers some of the most critical questions stakeholders are currently facing across the globe. Information about the size of the market (by the end of the forecast year), companies that are most likely to scale up their competitive abilities, leading segments, and challenges impeding the growth of the market are given.

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The report takes a close and analytical look at the various companies that strive for a higher share of the global IoT in Agriculture market. For this purpose, a section dedicated to company profiles has been included in the report. The profiling of the leading players is done in order to judge the current competitive scenario. The competitive landscape is assessed by taking into consideration many important factors such as business growth, recent developments, product pipeline, and others.
The research report further makes use of graphical representations such as tables, info graphics, and charts to forecast figures and historical data of the global IoT in Agriculture market. The report is presented in a clear and concise manner so that readers can understand the market structure and dynamics effectively.

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