IoT in Agriculture Market Organization Size and Vertical Analysis and Forecast to 2024 with Key Players Cisco Systems, Inc., International Business Management Corporation (IBM), Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc

Internet of things (IoT) technology is anticipated to play a significant role in increasing the current agricultural productivity to cater to the growing demand for food. IoT in agriculture industry incorporates IoT-based advanced technological tools, systems, equipment, and solutions to enhance the operational efficiency, maximize yield, and minimize wastage of energy through real-time field data collection, data storage, data analysis, and development of control platform. Diverse IoT-based applications such as precision farming, livestock monitoring, smart greenhouse, and fish farm monitoring, are expected to be instrumental in increasing the speed of the agriculture processes. IoT technology can address agriculture-based issues and optimize the quantity and quality of agriculture production, by connecting farms through a single platform and making them more intelligent by sharing, storing, and analyzing the information.

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IoT in agriculture market include Cisco Systems, Inc., International Business Management Corporation (IBM), Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc., Farmers Edge Inc., SlantRange, Inc., and The Climate Corporation.

Smart agriculture involves hardware devices and tools to minimize input and increase output productivity of lands and crop yields. Automation and control systems such as global positioning system (GPS) receivers, guidance and steering devices, and variable rate technology (VRT) tools play a major role in the smart agriculture industry.

Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Sweden, Finland, Germany, The Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, KSA, South Africa, and rest of LAMEA).

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IoT-based technology to optimize agriculture production. However, the agriculture industry comprises of numerous small players that provide solutions for various stages of the agriculture value chain. As a few of the agricultural processes achieve economic feasibility, growth of the market is expected to be hampered during the forecast period. Nevertheless, increase in smartphone users and internet penetration among farmers boosts their awareness about the latest developments in the agriculture market, which is anticipated to drive the market growth.

The global IoT in agriculture market is segmented based on system, application, and region. Based on system, it is classified into automation and control systems, sensing and monitoring devices, livestock monitoring hardware, fish farming hardware, smart greenhouse hardware, and software. Based on application, it is divided into precision farming, livestock monitoring, smart greenhouse, and fish farm monitoring.

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Table of Contents

2018-2023 Global IoT in Agriculture Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global IoT in Agriculture Market Size 2013-2023
2.1.2 IoT in Agriculture Market Size CAGR by Region
2.2 IoT in Agriculture Segment by Type
2.2.1 Sensing
2.2.2 Communication
2.2.3 Cloud Computing
2.2.4 Data Management
2.3 IoT in Agriculture Market Size by Type
2.3.1 Global IoT in Agriculture Market Size Market Share by Type (2013-2018)
2.3.2 Global IoT in Agriculture Market Size Growth Rate by Type (2013-2018)
2.4 IoT in Agriculture Segment by Application
2.4.1 Precision Crop Farming
2.4.2 Indoor Farming
2.4.3 Livestock Monitoring
2.4.4 Aquaculture
2.5 IoT in Agriculture Market Size by Application
2.5.1 Global IoT in Agriculture Market Size Market Share by Application (2013-2018)
2.5.2 Global IoT in Agriculture Market Size Growth Rate by Application (2013-2018)

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