Internet of Things (IoT) in Agriculture Market Analysis, Application And In-Depth Qualitative Insights And Future Growth

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

The Business Research Company's Internet of Things (IoT) in Agriculture Global Market Report 2023 identifies rise in food demand as the major driver for the Internet of Things (IoT) in Agriculture market's growth in the forecast period. 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.

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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Major competitors in the Internet of Things (IoT) in Agriculture market are Trimble Inc., Deere & Company, AGCO Corporation, Topcon Positioning Systems Inc., The Climate Corporation, AgJunction Inc., DeLaval, DICKEY-john, Gamaya, AgriData Incorporated, AgEagle Aerial Systems Inc., Aker Solutions, Grownetics Inc., Auroras s.r.l., Granular Inc., and Intervet Inc

A key trend in the Internet of Things (IoT) in Agriculture market includes technological advancement. Major companies operating in the internet of things (IoT) in the agriculture market are focusing on integrating new technology into precision farming and adding more applications of the internet of things (IoT) to agricultural activities

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The Internet of Things (IoT) in Agriculture market is segmented -
1) By Type: Small Farms, Mid-Sized, Large
2) By Component: Hardware, Software, Connectivity and Services
3) 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) in Agriculture market.

The Business Research Company's "Global Internet of Things (IoT) in Agriculture Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Internet of Things (IoT) in Agriculture 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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