Agriculture IoT Market: Unearthing the Potential of Smart Farming and Sustainability

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The global Agriculture IoT market is poised for robust growth, advent of smart farming practices, sensor technology advancements, and future sustainable agriculture.

What is the Projected Market Size of the Global Agriculture IoT Market and its Growth Rate?

Situated in the heart of smart farming innovations, the global Agriculture IoT market promises prosperous growth in the coming years.
• The market has grown strongly from $15.32 billion in 2024 to an impressive $16.77 billion in 2025.
• This represents a steady compound annual growth rate (CAGR) of 9.5% within this historic period.
• Fast forward into the future, the market is projected to skyrocket to a whopping $25.59 billion in 2029, reflecting a bustling CAGR of 11.1%.

What is Driving the Growth in the Agriculture IoT Market?

The upsurge in global food demand is the primary catalyst fueling the market growth. With the rapidly swelling global population, this corresponds to an increased need for food supply. Hence, IoT-in its role as a game-changer-has stepped on to the plate to aid farmers in bridging this yawning supply-demand gap.

IoT solutions are equipped to ensure high crop yields, eco-friendly practices, and farmers' economic prosperity. For instance, The Food and Agriculture Organization, a Canada-based UN body, predicts a 70% increase in global food production to accommodate the booming population escalating to 9.6 billion by 2050. Hence, the surged food demand is driving the Agriculture IoT market forward.

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Who are the Key Players Driving Agriculture IoT Market Growth?

Major contributors in the Agriculture IoT market include:
- Deere & Company
- The Tetra Laval Group
- Topcon Positioning Systems Inc.
- Trimble Inc.
- Raven Industries Inc.
- AgJunction Inc.
- Farmers Edge Inc.
- Field Group AS
- Many more.

What are the Key Trends in the Agriculture IoT Market?

Significant trends charting the market's course include:
- Sensor technology advancements
- Integration of AI and machine learning
- Farm management software development
- Evolution of autonomous machinery and robotics
- Edge computing application in agriculture
- Subscription-based IoT services offering
- Blockchain application for improved transparency

What are the Segments of the Global Agriculture IoT Market?

The Agriculture IoT market revolves around multiple components including:
1) Hardware
2) Software
3) Connectivity
4) Services

Similarly, it caters to three categories of farms:
- Large Farms
- Mid-Sized Farms
- Small Farms

Which Region Leads the Agriculture IoT Market?

North America was the dominant player in the 2024 Agriculture IoT market. However, the market spotlight is anticipated to switch to Asia-Pacific, which is set to be the fastest-growing region in the future. Other regions covered include Western Europe, Eastern Europe, South America, Middle East, and Africa.

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What is Covered in the Agriculture IoT Market Global Market Report?

- Market Size Analysis: Analyze the Agriculture IoT Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agriculture IoT Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Agriculture IoT Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agriculture IoT Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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