Press release
IoT in Agriculture market is expected to Grow at a CAGR of 19.8% and may see market size of USD1087.0 Million by 2024
IoT in Agriculture market
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Summary
Scope of the Study
IoT in agriculture involves use of internet for automation in agriculture with an aim to increase productivity. Growing world population requires food safety amid degradation of agricultural land. With the help of IoT, farmers can avail the services such as weather report, land fertility capacity, smart irrigation, smart crop monitoring and other services. Moreover, livestock monitoring can be done from remote locations as well using IoT in agriculture. Adoption of predictive data techniques further helps in smart agriculture monitoring.
The market study is being classified, by Application (Precision farming, Livestock Monitoring, Smart Greenhouse and Fish Farm Monitoring) and major geographies with country level break-up. According to HTF MI, the Global IoT in Agriculture market is expected to see growth rate of 19.8% and may see market size of USD1087.0 Million by 2024.
AKVA Group ASA (Norway), AeroFarms (United States), Afimilk Ltd. (Israel), Ag Leader Technology (United States), Allflex USA Inc. (United States), Boumatic LLC (United States), Cowlar (United States), DICKEY-John (United States), DeLaval (Sweden), Deere & Company (United States), Eruvaka Technologies (India), OSRAM Licht AG (Germany), PrecisionHawk Inc. (United States), Raven Industries (United States), Smartcultiva Corporation (United States), Topcon Corporation (Japan) and Trimble Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are AGCO (United States), AgJunction (United States), GEA Group (Germany), Precision Planting (United States), SST Development Group (United States), Teejet Technologies (United States), CropMetrics (Unites States), Agribotix (Umited States), The Climate Corporation (United States), ec2ce (Spain), Descartes Labs (United States), Gamaya (Switzerland), Granular (United States), Prospera Technologies (Israel), Autonomous Tractor Corporation (United States), Decisive Farming (Canada), Hexagon Agriculture (Brazil) and Autocopter Corp (United States).
Research Analyst at HTF MI predicts that United States Players will contribute to the maximum growth of Global IoT in Agriculture market throughout the predicted period.
Segment Analysis
HTF MI has segmented the market of Global IoT in Agriculture market by Type, Application and Region.
On the basis of geography, the market of IoT in Agriculture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by System, the sub-segment i.e. Automation and Control Systems will boost the IoT in Agriculture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2135065-global-iot-in-agriculture-market-1
Market Drivers
Growing Demand to Increase Yield Production to Ensure Global Food Security
Lack of Technical Skills in Farmers
Market Trend
Adoption of Big Data and Predictive Analysis Techniques in Agriculture
Growing Use of Smartphone Enabled AI Applications
Restraints
Higher Initial Investment Involved in AI in Agriculture Technology
Complexity in Integration of Various Systems
Opportunities
Growing Focus on AI based Automation in Agriculture Fueled by Rising Use of Drones
Rising Governments' Investment in Agriculture in Emerging Countries
Challenges
Need to Increase Cloud Security
Overall Fragmented Nature of Agriculture Globally
Key Target Audience
IoT in Agriculture Service Providers, System Integrator, Components Suppliers/Distributors, Potential Technology Investors, Government Agencies, Research Institutes, Market and Research Firms and Others
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
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Strategic Points Covered in Table of Content of IoT in Agriculture Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the IoT in Agriculture market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic information of the IoT in Agriculture Market. (Introduction)
Chapter 3: Dis
....Continued
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HTF Market Intelligence Consulting Private Limited
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
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