IoT in Agriculture Market Size, Share and Trends Analysis Report 2025-2034

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global IoT in Agriculture Market- (By Component (Hardware and Software), By Application (Precision Farming, Livestock Monitoring, Indoor Farming, Aquaculture, and Others)) Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global IoT in Agriculture Market Size was valued at USD 23.0 Bn in 2024 and is predicted to reach USD 78.8 Bn by 2034 at a 13.2% CAGR during the forecast period for 2025-2034.

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The integration of the Internet of Things (IoT) in agriculture refers to the deployment of connected sensors and smart devices that enable real-time data exchange and automation in farming operations. This technology facilitates seamless communication between networked systems without the need for human intervention. The expansion of IoT in the agricultural sector is being driven by several key factors, including the increasing adoption of cloud-based services, the rising demand for automation and control systems across industries such as transportation, healthcare, and manufacturing, and the growing emphasis on real-time data analytics.

The market is witnessing heightened demand for IoT-enabled devices, including sensors, gateways, and networking infrastructure. Additionally, the widespread deployment of 5G technology is expected to further accelerate market growth by enhancing connectivity, ensuring faster and more reliable communication between IoT devices. The rising global population and the subsequent increase in food demand have further reinforced the need for advanced agricultural technologies aimed at optimizing productivity.

List of Prominent Players in the IoT in Agriculture Market:
• Deere & Company
• Microsoft
• CNH Industrial N.V.
• Robert Bosch GmbH
• Kalera Inc.
• Heliospectra AB
• Signify Holding
• AKVA Group ASA
• Eruvaka Technologies
• AGRIVI
• Climate LLC
• AeroFarms
• AmHydro
• Connecterra B.V.
• OSRAM GmbH

Market Dynamics:
Drivers-
The increasing adoption of IoT in the agriculture sector is primarily driven by growing awareness of its benefits in enhancing crop yields and optimizing resource utilization. The global expansion of the agricultural products and services market has further contributed to this demand. Technological advancements and innovations play a crucial role in enabling farmers to maximize productivity while minimizing losses, thereby fostering greater efficiency in farming operations.

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Challenges:
One of the primary challenges hindering the widespread adoption of IoT in agriculture is the high initial investment required for deploying IoT infrastructure. This includes the costs associated with network infrastructure, sensors, actuators, GPS technology, and drones necessary to ensure seamless connectivity across vast and often remote agricultural landscapes. Moreover, many farmers and agricultural workers lack the technical expertise needed to effectively implement and utilize IoT technology, further limiting adoption.

Regional Trends:
North America is expected to hold a significant share of the IoT in agriculture market, driven by the increasing adoption of sustainable farming practices, advanced agricultural infrastructure, and the presence of leading technology companies developing innovative IoT solutions. Additionally, supportive government policies and incentives aimed at modernizing the agricultural sector are further accelerating the adoption of IoT technologies.
Similarly, Europe holds a substantial market share due to the financial stability of agricultural producers, access to cutting-edge technology, and well-established infrastructure. The region's rising population and the growing demand for food have increased the need for more efficient farming methods, thereby driving demand for IoT solutions in agriculture.

Recent Developments:
• In March 2024, Cisco introduced new multifunctional devices designed for modern hybrid workforces, improving collaborative experiences. In addition to the Cisco Desk Phone 9800 Series, which aims to provide a contemporary and customized workstation for every user, the business also announced the release of the Cisco Board Pro G2, a collaboration device powered by artificial intelligence and equipped with touch capabilities.
• In February 2024, IBM and the Government of Gujarat's Commissionerate of Technical Education signed an MoU to strengthen professional and technical education in the state. Working together, we will use IBM SkillsBuild to provide students in Gujarat with the tools they need to succeed in the modern workforce, including proficiency with artificial intelligence and its subfields, cybersecurity, hybrid cloud computing, and other cutting-edge technologies.

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Segmentation of IoT in the Agriculture Market-
IoT in the Agriculture Market- By Component
• Hardware
o Processors and Sensors
o Communication Modules
 Wi-Fi
 Bluetooth
 Cellular
 Others (Radio-Frequency Distribution (RFID), Satellite Communications, etc.)
o Others (Actuators, Cameras, etc.)
• Software
IoT in the Agriculture Market- By Application
• Precision Farming
• Livestock Monitoring
• Indoor Farming
• Aquaculture
• Others
IoT in the Agriculture Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.