Internet Of Things In Agriculture Market 2024: Segmentation Trends, Regional Opportunities, and Industry Growth Forecast to 2024-2031 | IBM Corporation, Groupe X-TELIA Inc., Arable

DataM Intelligence has released a new research report on the Internet Of Things In Agriculture market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Internet of Things (IoT) in Agriculture Market reached US$ 31.10 billion in 2023 and is expected to reach US$ 83.26 billion by 2031, growing with a CAGR of 13.1% during the forecast period 2024-2031.

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The Internet of Things (IoT) in Agriculture refers to the integration of advanced technologies and smart devices in agricultural practices to enhance productivity, efficiency, and sustainability. IoT applications in agriculture involve the use of sensors, drones, GPS, and data analytics to monitor and manage various farming operations, such as soil moisture levels, crop health, livestock tracking, and equipment performance. By collecting and analyzing real-time data, farmers can make informed decisions, optimize resource use, improve crop yields, and reduce environmental impact, ultimately leading to more efficient and sustainable agricultural practices.

List of the Key Players in the Internet Of Things In Agriculture Market:

IBM Corporation, Groupe X-TELIA Inc., Arable, Fujitsu Limited, BASF SE

Key Developments:

In March 2024, GroGuru introduced the world's first wireless underground soil sensor probe designed for monitoring the root zone of annual field crops. This innovative probe features six sensors that measure soil moisture and temperature, and it integrates with the patented GroGuru WUGS system, developed in collaboration with AquaCheck.

In July 2023, Aurea Imaging, a leading provider of crop intelligence for fruit growers, announced the launch of TMS TreeScout. This groundbreaking tractor-mounted sensor for precision orchard management is fully integrated with AI and 3D computer vision technology.
In September 2022, the agritech company Cropin unveiled Cropin Cloud, the first cloud solution specifically designed for the agriculture industry.

Research Process:

Both primary and secondary data sources have been used in the global Internet Of Things In Agriculture Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Internet Of Things In Agriculture Market:

By Type: Small Farms, Mid-Sized Farms, Large Farms

By Component: Hardware, Software

By Application: Precision Aquaculture, Precision Farming, Precision Livestock, Precision Forestry, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Internet Of Things In Agriculture market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Internet Of Things In Agriculture Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Internet Of Things In Agriculture market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Internet Of Things In Agriculture Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Internet Of Things In Agriculture market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Internet Of Things In Agriculture market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Internet Of Things In Agriculture market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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