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Internet of Things (IoT) Agriculture Market Set to Reach $25.58 Billion by 2030, Driven by Technological Advancements and Rising Demand

07-18-2024 11:33 AM CET | IT, New Media & Software

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Internet of Things (IoT) Agriculture Market

Internet of Things (IoT) Agriculture Market

๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐จ๐Ÿ ๐“๐ก๐ข๐ง๐ ๐ฌ (๐ˆ๐จ๐“) ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ ๐ซ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž

IoT applications in agriculture encompass drones, robots, sensors, and computer imaging coupled with advanced analytics, enabling farmers to gather real-time data and insights crucial for farm management. These technologies aid in monitoring soil health, water usage, weather patterns, and livestock conditions, thereby optimizing agricultural operations and enhancing productivity.

๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐จ๐Ÿ ๐“๐ก๐ข๐ง๐ ๐ฌ (๐ˆ๐จ๐“) ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ž๐ซ๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐ฏ๐ž:

The global Internet of Things (IoT) Agriculture Market, valued at USD 13.73 billion in 2023, is projected to grow substantially, reaching USD 25.58 billion by 2030, with a CAGR of 9.29% during the forecast period (2024-2030).

๐”๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/request-sample/700/

๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐จ๐Ÿ ๐“๐ก๐ข๐ง๐ ๐ฌ (๐ˆ๐จ๐“) ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ: ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐…๐จ๐ซ๐œ๐ž๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ

The IoT agriculture market is driven by factors such as the need for sustainable farming practices amidst climate change challenges and the growing global population. Technologies like IoT facilitate precision farming, allowing farmers to make informed decisions based on accurate data, thereby mitigating risks and maximizing yields.

However, challenges such as high initial costs and the complexity of integrating IoT solutions into existing farming practices hinder market growth. The industry is actively addressing these barriers through technological innovations and government support initiatives aimed at promoting smart farming practices globally.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐‹๐ž๐š๐๐ฌ, ๐€๐๐€๐‚ ๐„๐ฆ๐ž๐ซ๐ ๐ž๐ฌ ๐’๐ญ๐ซ๐จ๐ง๐ 

North America dominated the market in 2023 with a market share of 42.12%, driven by advanced farming technologies and government subsidies promoting smart irrigation and precision agriculture. Meanwhile, Asia-Pacific (APAC) is expected to witness the highest growth rate during the forecast period, fueled by increasing investments in agricultural technology and rising awareness among farmers about the benefits of IoT in farming.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ

Leading companies such as DeLaval, Crop Metrics, Raven Industries, AeroFarms, and SmartCultiva Corporation are at the forefront of the IoT agriculture market, driving innovation and expanding their product offerings. These companies are leveraging IoT technologies to develop solutions that cater to diverse agricultural needs, from large-scale farming operations to smallholder farms in remote regions.

Recent innovations include the integration of agricultural drones equipped with sensors and cameras for precise monitoring of crops and livestock, enhancing efficiency and sustainability in farming practices. Collaborations between technology providers and agricultural experts are also accelerating the adoption of IoT in agriculture, facilitating data-driven decision-making and improving overall farm management.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: (๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐…๐ฎ๐ฅ๐ฅ ๐“๐Ž๐‚, ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐“๐š๐›๐ฅ๐ž๐ฌ & ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ, ๐‚๐ก๐š๐ซ๐ญ) : https://www.maximizemarketresearch.com/request-sample/700/

๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐จ๐Ÿ ๐“๐ก๐ข๐ง๐ ๐ฌ (๐ˆ๐จ๐“) ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ

Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Precision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring

According to estimates, the precision farming application will have more than 35% of the market share overall by 2023. The Internet of Things (IoT) integration in precision imaging for weather, water, and soil monitoring, as well as real-time data collection about the state of the farm and equipment health using drone sensors and controllers, are driving the growth of precision farming's market share. The goal of precision farming is to evaluate sensor data and take appropriate action. Precision farming uses sensors to gather data, analyze it, and help farmers make quick, well-informed decisions. A multitude of precision agricultural techniques, such as vehicle tracking, livestock management, and irrigation management, all play a major role in increasing efficiency and output.

๐›๐ฒ ๐…๐š๐ซ๐ฆ ๐“๐ฒ๐ฉ๐ž

Large
Mid-Sized
Small Farms

๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐จ๐Ÿ ๐“๐ก๐ข๐ง๐ ๐ฌ (๐ˆ๐จ๐“) ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Deere & Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
7. Precision Planting Inc.
8. The Climate Corporation
9. DeLaval
10.GEA Farm Technology
11.Lely
12.Antelliq
13.AG Leader Technology
14.Tigercat
15.Ponsse
16.Komatsu Forest AB
17.DICKEY-john Corporation
18.Hitachi, Ltd
19.Telit
20.Decisive Farming
21.OnFarm Systems Inc.
22.Farmers Edge Inc.
23.SlantRange, Inc.
24.SmartCultiva Corporation

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค: ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ฅ๐ž ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง

Looking ahead, the IoT agriculture market is poised for significant growth as technological advancements continue to reshape the agricultural landscape. Innovations in data analytics, artificial intelligence (AI), and remote sensing technologies will further enhance the capabilities of IoT solutions in agriculture, supporting sustainable food production and addressing global food security challenges.

The comprehensive analysis presented in the report provides valuable insights into market dynamics, trends, and competitive landscape, empowering stakeholders to make informed decisions and capitalize on emerging opportunities in the IoT agriculture sector.

๐‚๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž ๐Ÿ๐จ๐ซ ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ : https://www.maximizemarketresearch.com/market-report/global-internet-of-things-iot-agriculture-market/700/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐ž๐ญ ๐จ๐Ÿ ๐“๐ก๐ข๐ง๐ ๐ฌ (๐ˆ๐จ๐“) ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ:

What is Internet of Things (IoT) Agriculture?
What is the growth rate of the Internet of Things (IoT) Agriculture Market?
Which are the factors expected to drive the Internet of Things (IoT) Agriculture market growth?
What is the CAGR at which the Internet of Things (IoT) Agriculture market will grow during the forecast period?
What are the different segments of the Internet of Things (IoT) Agriculture Market?
Which is the fastest-growing region in the Internet of Things (IoT) Agriculture market?
What growth strategies are the players considering to increase their presence in Internet of Things (IoT) Agriculture?
What are the upcoming opportunities and trends for the Internet of Things (IoT) Agriculture Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Internet of Things (IoT) Agriculture Market?
Who are the leading companies and what are their portfolios in Internet of Things (IoT) Agriculture Market?

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis

๐‹๐จ๐จ๐ค ๐“๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐Ž๐ฎ๐ซ ๐Œ๐จ๐ฌ๐ญ ๐๐จ๐ฉ๐ฎ๐ฅ๐š๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ€ข Pedestrian Bridge Market https://www.maximizemarketresearch.com/market-report/pedestrian-bridge-market/194746/

โ€ข Diamond Tools Market https://www.maximizemarketresearch.com/market-report/diamond-tools-market/194962/

โ€ข Fluorite Market https://www.maximizemarketresearch.com/market-report/fluorite-market/195080/

โ€ข Elderly Nutrition and Packaged Food Market https://www.maximizemarketresearch.com/market-report/elderly-nutrition-and-packaged-food-market/195253/

โ€ข Ginger Powder Market https://www.maximizemarketresearch.com/market-report/ginger-powder-market/195339/

โ€ข Pocket Knives Market https://www.maximizemarketresearch.com/market-report/pocket-knives-market/195629/

โ€ข Car Wash System Market https://www.maximizemarketresearch.com/market-report/global-car-wash-system-market/54740/

โ€ข Laboratory Freezers Market https://www.maximizemarketresearch.com/market-report/global-laboratory-freezers-market/26491/

โ€ข Boiler Market https://www.maximizemarketresearch.com/market-report/boiler-market/11574/

โ€ข Lecithin market https://www.maximizemarketresearch.com/market-report/global-lecithin-market/14897/

๐Ž๐ฎ๐ซ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ:

๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฏ๐ญ. ๐‹๐ญ๐.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Research N Report has released a new report on the โ€œglobal Blockchain in IOT Marketโ€. 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 Internetโ€ฆ