Internet of Things (IoT) in Agriculture Market Report Boosting Farm Productivity with IoT Devices By 2031

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.

Internet of Things in Agriculture Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.

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Market Overview:

The Internet of Things (IoT) in agriculture refers to the integration of connected sensors, devices, and data-driven systems into farming operations to enhance productivity, efficiency, and sustainability. IoT technologies enable real-time monitoring and automation of agricultural processes such as:

✦ Precision farming

✦ Smart irrigation

✦ Soil and crop health monitoring

✦ Livestock tracking

✦ Weather forecasting and field analytics

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

IBM Corporation, Groupe X-TELIA Inc., Arable, Fujitsu Limited, BASF SE, Murata Manufacturing Co., Ltd., Avanijal Agri Automation Pvt. Ltd, Cropin Technology Solutions Pvt Ltd, SAP SE and Semios.

Internet of Things in Agriculture Market Development:

In March 2024, GroGuru unveiled the world's first wireless underground soil sensor probe designed to monitor the root zone of annual field crops. Equipped with six sensors to measure soil moisture and temperature, the probe integrates with GroGuru's patented WUGS system and was developed in collaboration with AquaCheck.

In July 2023, Aurea Imaging, a leading crop intelligence provider for fruit growers, introduced TMS TreeScout the world's first tractor-mounted sensor for precision orchard management. Fully integrated with AI and 3D computer vision, the system marks a major advancement in smart agriculture technology.

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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

Regional Analysis for Internet of Things in Agriculture Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What are the global sales, production, consumption, import, and export figures for the Internet of Things in Agriculture market?

➠ Who are the key global manufacturers, and how are they performing operationally?

➠ What opportunities and risks do vendors face in the Internet of Things in Agriculture market?

➠ Which product types or end-users show the most growth potential, and what are their market shares?

➠ What factors are driving or limiting growth in the Internet of Things in Agriculture market?

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