Evolving Market Trends In The Internet Of Things (IoT) In Precision Agriculture Industry: AI-Integrated Solutions Driving Growth In The Market Through Enhanced Resource Efficiency And Sustainability

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What Is the Expected Internet Of Things (IoT) In Precision Agriculture Market Size During the Forecast Period?_x000D_
The precision agriculture market for the Internet of Things (IoT) has been expanding swiftly in the recent past. Its size is projected to ascend from $7.09 billion in 2024 to $8.48 billion in 2025, maintaining a compound annual growth rate (CAGR) of 19.5%. The unprecedented growth during the historic window is credited to factors like the rising use of Global Positioning System (GPS) technology, an escalating demand for yield supervision, an increase in global food necessity, government backing for intelligent farming, and burgeoning worries over the optimization of resources._x000D_
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The market size of the Internet of Things (IoT) playing a role in precision agriculture is anticipated to experience a significant surge in the coming years, escalating to $17.25 billion by 2029, with a compound annual growth rate (CAGR) of 19.4%. The expansion during the projected period is largely due to the emergence of smart farming, the development of cloud-based platforms, an increase in agri-tech startup investments, the necessity for instant farm data, and the growing employment of independent farming machinery. The projection period will see key trends like the rise in drone-based crop scrutiny, the advent of digital twin technology, the transition towards predictive analytics, the acceptance of blockchain for supply chain lucidity, and the growth of subscription-based farm management solutions._x000D_
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What Are the High-Growth Segments in the Internet Of Things (IoT) In Precision Agriculture Market?_x000D_
The internet of things (IoT) in precision agriculture market covered in this report is segmented -_x000D_
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1) By Component: Hardware, Software, Services_x000D_
2) By System: Sensing System, Cloud Computing, Other Systems_x000D_
3) By Application: Weather Tracking And Forecasting, Yield Monitoring And Farm Mapping, Crop Scouting, Irrigation Management, Other Applications_x000D_
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Subsegments:_x000D_
1) By Hardware: Sensors, Drones, Global Positioning System (GPS) Devices, Smart Irrigation Systems, Control Systems, Cameras, Automation And Control Systems_x000D_
2) By Software: Farm Management Software, Data Analytics Software, Remote Monitoring Software, Predictive Modeling Software, Cloud-Based Software, Mapping Software_x000D_
3) By Services: System Integration Services, Managed Services, Professional Services, Consulting Services, Support And Maintenance Services, Connectivity Services_x000D_
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What Key Drivers Are Expected to Influence Future Internet Of Things (IoT) In Precision Agriculture Market Growth?_x000D_
The global surge in food demand is anticipated to fuel the expansion of the internet of things (IoT) in the precision agriculture sector. Population growth, urbanization, and diet alterations fuel the increase in global food demand. It's also worth noting that higher incomes lead to an increased intake of resource-demanding foods. IoT enhances food production in precision agriculture by utilizing smart sensors to efficiently supervise crops and resources, leading to better yields, diminished waste, and more environmentally friendly farming, all of which contribute to addressing the worldwide demand for food. As per the Global Report on Food Crises 2024 by the World Food Programme, an Italy-based humanitarian organization, in 2023, almost 282 million individuals in 59 nations were grappling with severe food insecurity. This underlines the pressing need for efficient and sustainable farming methods. Consequently, the swelling global food demand is propelling the growth of the IoT in the precision agriculture sector._x000D_
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Which Companies Hold the Largest Share Across Different Internet Of Things (IoT) In Precision Agriculture Market Segments?_x000D_
Major companies operating in the internet of things (IoT) in precision agriculture market are Hitachi Ltd., International Business Machines Corporation (IBM), Deere & Company, Cisco Systems Inc., Case New Holland Industrial (CNHi) N.V., AGCO Corporation, Mouser Electronics Inc., Trimble Inc., Topcon Corporation, Climate LLC, Sentera Inc., CropX Inc., AeroFarms Inc., Actility SA, Monnit Corporation, AgJunction Inc., Ag Leader Technology, AGRIVI Ltd., Heliospectra AB, Pycno Industries Inc., Davra Networks Limited, Farmonaut Technologies Pvt. Ltd._x000D_
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What Trends Are Driving Growth in The Internet Of Things (IoT) In Precision Agriculture Market?_x000D_
Leading organizations in the internet of things (IoT) focusing on precision agriculture are now concentrating on creating innovative products such as farm management platforms incorporating artificial intelligence (AI) to enhance immediate decision-making and resource allocation efficiency. These AI-driven smart farming applications assist farmers in keeping tabs on crop health, soil quality, and environmental factors, paving the way for more efficient, eco-friendly farming methods. For example, ARB IOT Group Limited, a Singapore-based IoT services firm, introduced an AI-powered smart agricultural drone in March 2025, with the goal of refining precision in farming. This innovative drone fuses AI with IoT competencies to supervise crop health, measure soil quality, and streamline pesticide and fertilizer use, thereby fostering resourceful and sustainable farming. It is designed to aid farmers in improving crop yields while minimizing operating expenses and ecological damage._x000D_
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What Are the Emerging Geographies for The Internet Of Things (IoT) In Precision Agriculture Market Growth?_x000D_
North America was the largest region in the internet of things (IoT) in precision agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (IoT) in precision agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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Frequently Asked Questions:_x000D_
1. What Is the Market Size and Growth Rate of the Internet Of Things (IoT) In Precision Agriculture Market?_x000D_
2. What is the CAGR expected in the Internet Of Things (IoT) In Precision Agriculture Market?_x000D_
3. What Are the Key Innovations Transforming the Internet Of Things (IoT) In Precision Agriculture Industry?_x000D_
4. Which Region Is Leading the Internet Of Things (IoT) In Precision Agriculture Market?_x000D_
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