Press release
IoT in Agriculture Market Projected to Hit USD 71.75 billion at a 45.80% CAGR by 2032 - Report by Market Research Future (MRFR)
IoT in Agriculture Market
Request To Free Sample of This Strategic Report -
https://www.marketresearchfuture.com/sample_request/8476
Market Overview
The global IoT in agriculture market is experiencing rapid growth, driven by the increasing adoption of smart farming practices and the demand for sustainable agricultural solutions. According to a report by Market Research Future, IoT in Agriculture Market Size was valued at USD 12.5 billion in 2022. The IoT in the Agriculture market industry is projected to grow from USD 15.178 Billion in 2023 to USD 71.753 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 45.80% during the forecast period (2023 - 2032).. This growth is fueled by the rising need for real-time monitoring and management of agricultural activities to improve crop yield and optimize resource utilization.
Key Market Segments
The IoT in agriculture market can be segmented into various categories based on the type of solutions and services offered. These include:
Precision Farming: IoT-enabled sensors and devices are used to monitor soil moisture, temperature, and nutrient levels, enabling farmers to make informed decisions about irrigation, fertilization, and pest control.
Livestock Monitoring: IoT solutions are utilized to track the health and behavior of livestock, providing real-time data on animal welfare, feeding patterns, and overall well-being.
Smart Greenhouse Management: IoT sensors and automation systems are employed to regulate temperature, humidity, and light levels in greenhouses, optimizing plant growth and crop quality.
Supply Chain Management: IoT technologies enable farmers to track the transportation and storage of agricultural products, ensuring quality control and minimizing waste.
Buy Now Premium Research Report -
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=8476
Industry Latest News
In recent developments, the IoT in agriculture market has witnessed significant advancements in technology and strategic partnerships to drive innovation. For instance, John Deere, a leading agricultural machinery manufacturer, has integrated IoT sensors into its equipment, enabling farmers to gather real-time data on crop health and field conditions. Similarly, IBM's Watson IoT platform has been leveraged to develop smart farming solutions that provide predictive analytics for crop management, weather forecasting, and pest control.
Furthermore, the emergence of satellite-based IoT solutions has enabled farmers to monitor large agricultural areas remotely, improving operational efficiency and optimizing resource allocation.
Key Companies
Several key players lead the IoT in agriculture market, driving innovation and shaping the industry landscape. These include:
• Trimble Inc.
• Eruvaka Technologies
• Raven Industries
• Dickey John
• Descartes Labs
• AKVA group
• InnovaSea Systems
Browse In-depth Market Research Report (111 Pages, Charts, Tables, Figures) on IoT in Agriculture Market -
https://www.marketresearchfuture.com/reports/iot-agriculture-market-8476
Market Drivers
The growth of the IoT in agriculture market is propelled by several key factors, including:
Efficient Resource Management: IoT solutions enable farmers to monitor and optimize water usage, fertilizer application, and energy consumption, leading to cost savings and sustainable farming practices.
Data-Driven Decision Making: IoT sensors and devices provide real-time data on crop conditions, weather patterns, and soil health, empowering farmers to make informed decisions for improved crop yield and quality.
Environmental Sustainability: IoT technologies support environmentally friendly farming practices by minimizing chemical usage, reducing water waste, and promoting biodiversity conservation.
Government Initiatives: Supportive government policies and incentives for the adoption of smart farming technologies drive the implementation of IoT solutions in agriculture, fostering innovation and modernization in the sector.
Ask for Customization -
https://www.marketresearchfuture.com/ask_for_customize/8476
Regional Insights
The adoption of IoT in agriculture varies across different regions, with North America leading the market due to its advanced infrastructure and high adoption of precision farming technologies. Europe and Asia-Pacific are also witnessing significant growth in IoT adoption in agriculture, driven by the increasing focus on sustainable farming practices and the demand for smart agricultural solutions.
In conclusion, the integration of IoT in agriculture has significantly transformed traditional farming practices, enabling farmers to achieve higher productivity, optimize resource utilization, and promote sustainability. As IoT technologies continue to evolve, the agriculture industry will witness further advancements in precision farming, livestock management, and supply chain optimization, driving innovation and efficiency.
By embracing IoT solutions, farmers can enhance their operational capabilities, mitigate risks, and contribute to the development of a more sustainable and productive agricultural landscape, ultimately shaping the future of farming for generations to come.
Explore MRFR's Related Ongoing Coverage in ICT Domain:
Global Big Data Market -
https://www.marketresearchfuture.com/reports/big-data-market-7846
Strategy Consulting Market -
https://www.marketresearchfuture.com/reports/strategy-consulting-market-6980
5G Service Market -
https://www.marketresearchfuture.com/reports/5g-service-market-6664
Human Capital Management (HCM) Software Market -
https://www.marketresearchfuture.com/reports/human-capital-management-software-market-1425
Virtual Private Server (VPS) Market -
https://www.marketresearchfuture.com/reports/virtual-private-server-market-7753
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IoT in Agriculture Market Projected to Hit USD 71.75 billion at a 45.80% CAGR by 2032 - Report by Market Research Future (MRFR) here
News-ID: 3446838 • Views: …
More Releases from Market Research Future (MRFR)
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C …
Market Overview:
The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged.
PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methods…
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 …
Market Overview:
The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardware…
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview:
The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service.
The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fueling…
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview:
The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Software…
More Releases for IoT
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom - for complete manufactures list, please…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
