Internet of Things (IoT) in Agriculture Market Size to Surpass USD 29.71 Billion with CAGR of 10.10% by 2030

Plants are grown in completely enclosed environments, with closed-loop water recycling and LED lights replacing sunshine. There is no requirement for pesticides, since the indoor space for farming is already free of microorganisms, bacteria and viruses, and plants can be grown easily in such type of clean environments that there is no requirement to wash them before eating. Moreover, Intensive indoor agriculture suffers from high energy bills and start-up costs, but recent advancements lowered manufacturing costs and increased efficiency and thus, farmers are adopting internet of things (IoT) in agriculture because it is more cost-effective. Although, it is applicable only for certain crops though in the current situations.

Data Bridge Market Research analyses that the internet of things (IoT) in agriculture market was valued at USD 13.76 billion in 2022 and is expected to reach USD 29.71 billion by 2030, registering a CAGR of 10.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Market Definition
Internet of things (IoT) in agriculture uses robots, remote sensors, drones and computer imaging combined with continuously progressing analytical tools and machine learning for surveying, monitoring crops and mapping the fields. This will provide information or data to farmers for rational farm management plans to save both money and time.

Some of the major players operating in the internet of things (IoT) in agriculture market are:
Grownetics, Inc. (U.S.)
Auroras s.r.l. (Italy)
Granular, Inc. (San Francisco)
TOPCON CORPORATION (Japan)
The Climate Corporation (U.S.)
Farmers Edge Inc (Canada)
DICKEY-john. (U.S.)
Conservis (U.S.)
Ag Leader Technology. (U.S.)
Raven Industries, Inc. (U.S.)
Iteris, Inc. (U.S.)
Reed Business Information Ltd (U.S.)
AgJunction (Canada)
Trimble Inc. (U.S.)
Deere & Company. (U.S.)
Mothive (U.S.)
CropX inc. (U.S.)
Ceres Imaging, Inc (U.S.)
GAMAYA (Switzerland)
AgriData Incorporated. (U.S.)
AgEagle Aerial Systems Inc. (U.S.)
Aker Solutions (Norway)

Global Internet of Things (IoT) in Agriculture Market Dynamics
Drivers
Rising adoption of advanced technologies in food companies
Food companies all over the globe are also adopting modern technologies and devices such as internet of things (IoT) to systematically store oilseeds and grains so that they can be utilized all year. Therefore, incorporating internet of things (IoT) devices for numerous purposes in agriculture, is expected to drive the growth of the market growth. Furthermore, government organizations have transformed policies, inaugurated awareness programs and tie-ups with the private industry to expedite smart farming in their corresponding area.

Improvement of internet of things (IoT) technology in agriculture methods
The applications of internet of things (IoT) in agriculture have encouraged farmers to control the tank's water level in real-time, making the irrigation process more effective. The improvement of internet of things (IoT) technology in agriculture methods has caused the usage of sensors in each stage of the farming process, such as how much resources and time a seed requires to become a fully-grown vegetable. In recent years, there has been a significant need to improve farm yield due to the growing population. Practically every stage or step of agriculture can be automated.

Opportunities
Presence of advance innovations
With the presentation of current innovations such as variable rate innovation, direction frameworks, Internet of things (IoT), AI, and remote detecting, the horticulture business has changed over into an information-rich and mechanically serious industry. Innovative agricultural advancements help to increment advantage which further develops safeguard the climate, manageability and decrease asset by utilization of water, manure, and power.

Increasing acceptance of drones in agriculture
The acceptance and emergence of advanced internet of things (IoT) technologies such as agricultural drones is a major factor which is expected to create immense opportunities for the market growth during the forecast period. Drones play a significant role in carrying out farming processes in advanced farming and crop management due to their superior surveillance capability. Also, most of farming companies are willing to use drones for better services. Drone technology combined with sophisticated technologies such as cameras, sensors, and other analytical software help in irrigation and drainage, field monitoring, soil assessment and harvest planning.

Restraints/ Challenges
Issues associated with internet of things (IoT) in agriculture market
Limited technical knowledge and skills of farmers, increase in the technological cost and fragmented agriculture industry are some of the major factors that will act as major market restraint for the growth of the market. Furthermore, the unavailability of standardized ad simple data aggregation and data management tools and lack of standardization in smart agriculture sector will further challenge the growth of the market in the forecast period.

This internet of things (IoT) in agriculture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet of things (IoT) in agriculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

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 Global Internet of Things (IoT) in Agriculture Market Scope
The internet of things (IoT) in agriculture market is segmented on the basis of component, application, type and farm production planning stage. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Hardware
Irrigation Controllers
Flow and Application Control Devices
Variable Rate Controllers
Soil Sensors
Water Sensors
Climate Sensors
Sensors for Livestock
Automation and Control Systems
Sensing and Monitoring Devices
Guidance and Navigation
Drones
Handheld Computers
Displays
Smart Harvesters & Forwarders
RFID Tags and Readers
LED Grow Lights
Software
On-premise
Cloud-based
Connectivity and Services

Application
Livestock Monitoring
Precision Crop Farming
Indoor Farming
Aquaculture
Integrated Pest Management
Water Supply Management
Others

Type
Small Farms
Mid-Sized
Large

Farm Production Planning Stage
Pre-Production Planning
Production Planning
Post-Production Planning

Internet of Things (IoT) in Agriculture Market Regional Analysis/Insights
The internet of things (IoT) in agriculture market is analyzed and market size insights and trends are provided by country, component, application, type and farm production planning stage as referenced above.

The countries covered in the internet of things (IoT) in agriculture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The report answers questions such as:

What is the market size and forecast of the IoT in Agriculture Market?
What are the inhibiting factors and impact of COVID-19 shaping the IoT in Agriculture Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the IoT in Agriculture Market?
What is the competitive strategic window for opportunities in the IoT in Agriculture Market?
What are the technology trends and regulatory frameworks in the IoT in Agriculture Market?
What is the market share of the leading vendors in the IoT in Agriculture Market?
What modes and strategic moves are considered suitable for entering the IoT in Agriculture Market?

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

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