Internet of Things (IoT) Market Analysis, Trends, Growth, Research And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Internet of Things (IoT) Market Size, Growth Rate, And Forecast
The global internet of things (IoT) in agriculture market size is expected to grow from $12.38 billion in 2022 to $13.80 billion in 2023 at a compound annual growth rate (CAGR) of 11.54%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global internet of things (IoT) in agriculture market size is expected to reach $20.32 billion in 2027 at a CAGR of 10.1%.

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Internet of Things (IoT) Market Drivers
The rise in food demand is significantly contributing to the growth of the Internet of Things (IoT) in the agriculture market going forward. Food demand refers to the consumer's desire to buy the food products, which is measured by the demand and consumption. The usage of the Internet of Things (IoT) in agriculture boosts agricultural productivity by measuring many data connected to agriculture such as weather conditions, soil quality, livestock health, crop growth progress, and more. Through this, Farmers can reduce the risk of production loss by spotting abnormalities in crop growth or animal health. Due to such benefits, there is a rise in demand for internet of things (IoT) in agriculture.

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Internet of Things (IoT) Market Segments
• By Type: Small Farms, Mid-Sized, Large

• By Component: Hardware, Software, Connectivity and Services

• By Application: Livestock Monitoring, Smart Greenhouse, Precision Forestry, Fish Farm Monitoring, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the internet of things (IoT) market.

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Internet of Things (IoT) Market Key Players
Major competitors in the internet of things (IoT) market include Trimble Inc., Deere & Company, AGCO Corporation, Topcon Positioning Systems Inc., The Climate Corporation, AgJunction Inc.

The Business Research Company's "Global Internet of Things (IoT) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Internet of Things (IoT) Market Include:
1. Executive Summary
2. Internet of Things (IoT) in Agriculture Market Characteristics
3. Internet of Things (IoT) in Agriculture Market Trends And Strategies
4. Internet of Things (IoT) in Agriculture Market - Macro Economic Scenario
5. Internet of Things (IoT) in Agriculture Market Size And Growth
……
26. Africa Internet of Things (IoT) in Agriculture Market
27. Internet of Things (IoT) in Agriculture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Internet of Things (IoT) in Agriculture Market
29. Internet of Things (IoT) in Agriculture Market Future Outlook and Potential Analysis
30. Appendix

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