Press release
Soaring Opportunities in IoT in Agriculture Market: $16.29 Billion Growth at 9.6% CAGR in 2025, Predicted to Reach $25.46 Billion by 2029 at 11.8% CAGR
Internet of Things (IoT) in Agriculture Market Size
What Is The Projected Market Size Of The Global Internet of Things (IoT) in Agriculture Market And Its Growth Rate?
The IoT in Agriculture market shows promising growth figures:
• In 2024, the market size was valued at $14.87 billion
• Expected to reach $16.29 billion in 2025, displaying a CAGR of 9.6%
• A rapid increase is foreseen to $25.46 billion by 2029 at a CAGR of 11.8%
Promising trends involve precision agriculture adoption, demand for smart farming solutions, and focus on sustainability and resource management.
What Is Driving The Growth In The Internet of Things (IoT) in Agriculture Market?
The surge in food demand is majorly driving the growth of the IoT in Agriculture market. The IoT in agriculture boosts productivity by capturing and analyzing agricultural data such as weather conditions, soil quality, and livestock health. These benefits lead to increased demand for IoT's integration in agriculture, especially with the rise in food demand globally. This increase is reflected in the agricultural sector's contributions to national gross values, emphasizing the clear link between food demand and the growth of IoT in the agriculture market.
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Who Are the Key Players Driving Internet of Things (IoT) in Agriculture Market Growth?
The main players in the IoT in Agriculture market include:
• Trimble Inc.
• Deere & Company
• AGCO Corporation
• Topcon Positioning Systems Inc.
• The Climate Corporation
• AgJunction Inc.
• DICKEY-john
• Gamaya
• AgriData Incorporated
• AgEagle Aerial Systems Inc.
• Grownetics Inc.
• Auroras s.r.l.
• Granular Inc.
• Intervet Inc.
• Raven Industries Inc.
• Cisco Systems Inc.
• International Business Management Corporation
• Telit
• Hitachi Ltd.
• TELUS Agriculture Solutions Inc.
• OnFarm Systems Inc.
• Farmers Edge Inc.
• SlantRange Inc.
• TeeJet Technologies Pvt. Ltd.
What Are The Key Trends In The Internet of Things (IoT) in Agriculture Market?
Major trends in the forecast period include:
• Precision agriculture adoption
• Rising demand for smart farming
• Climate change resilience
• Water management solutions
• Livestock monitoring and welfare
What Are The Segments Of The Global Internet of Things (IoT) in Agriculture Market?
The IoT in Agriculture market is divided by:
• Component: Hardware, Software, Connectivity And Services
• Type: Small Farms, Mid-Sized, Large
• Application: Livestock Monitoring, Smart Greenhouse, Precision Forestry, Fish Farm Monitoring, Other Applications
Which Region Leads The Internet of Things (IoT) in Agriculture Market?
Asia-Pacific held the highest share in the IoT in Agriculture market in 2024. The report also covers information about other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Internet of Things (IoT) in Agriculture Market Global Market Report?
- Market Size Analysis: Analyze the Internet of Things (IoT) in Agriculture Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Internet of Things (IoT) in Agriculture 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 Internet of Things (IoT) in Agriculture Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Internet of Things (IoT) in Agriculture Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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