IoT in Agriculture Market with Global Innovations, Competitive Analysis, New Business Developments and Top Companies by 2028 | Cisco Systems, Inc., IBM, Decisive Farming among Others

A recent report published by QMI on IoT in agriculture market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of IoT in agriculture market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for IoT in agriculture during the forecast period. It can enable companies investing in IoT in agriculture to change their production and marketing strategies in order to envisage maximum growth.

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Precision agriculture optimizes resource utilization and assists in producing high yields that are expected to drive the growth of IoT in the agricultural market during the forecast period. This has resulted in some of the key developments that companies operating on the market have in consolidating their market positions and looking for further opportunities.
Due to the growing population and also with the aspect of global warming, there has been a severe need to increase farm yield in recent years. It is possible to automate just about every aspect of agriculture.

IoT-based farming tools and equipment can maximize yields and reduce energy consumption. This technology can also help to optimize the quality and quantity of farm produce. With the help of sensors, climate change, which is an important factor in agriculture, can be predicted with precision.

An increase in the use of smartphones by farmers can help them be aware of the recent developments in the field of agriculture. IoT in Livestock Monitoring will the farmers keep track of where the livestock is, whether they are prone to any illnesses, etc.

Smart irrigation has also proven, by the Irrigation Association (IA), to positively impact the market as it efficiently utilizes the consumption of water and reduces energy consumption.

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Factors having a significant impact on the growth of this market are:

o Precision agriculture optimizes the utilization of resources and assists in high yield production
o Growing demand for food
o A decline in energy consumption and water usage due to the implementation of advanced agricultural tools
o Lack of knowledge about new technology and Internet access

Regional segmentation and analysis to understand growth patterns:

This report segments IoT in agriculture market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for IoT in agriculture market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for IoT in agriculture market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

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The Asia Pacific is estimated to be one of the fastest-growing markets for IoT in agriculture during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of IoT in agriculture market. The Middle East and the rest of the World are estimated to be emerging regions for IoT in agriculture market during the forecast period.

Companies Covered:
Cisco Systems, Inc., IBM, Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc., Farmers Edge Inc., The Climate Corporation, and Decisive Farming

Market Segmentation:

By System:
o Automation & Control System Hardware
o Sensing & Monitoring Devices
o Livestock Monitoring Hardware
o Fish Farming Hardware
o Smart Greenhouse Hardware
o Software

By Service:
o System Integration & Consulting
o Managed Services
o Connectivity Services
o Maintenance & Support

By Application:
o Precision Crop Farming
o Livestock Monitoring
o Smart Greenhouse
o Fish Farm Monitoring

By Region:

North America
o By Country (US, Canada, Mexico)
o By System
o By Service
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By System
o By Service
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By System
o By Service
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By System
o By Service
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By System
o By Service
o By Application

Rest of the World
o By Region (South America, Africa)
o By System
o By Service
o By Application

Reasons To Buy This Report:

o Market size estimation of the global IoT in the agriculture market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.