Press release
Internet of Things (IoT) in Agriculture Market Size, Share & Growth Trends | Top Companies are IBM Corporation, Groupe X-TELIA Inc., Arable.
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.The Internet of Things in Agriculture Market takes center stage in DataM Intelligence's latest comprehensive research, where industry experts deliver cutting-edge analysis powered by robust data analytics and strategic market intelligence. This groundbreaking study dives deep into the competitive ecosystem, spotlighting market leaders and their innovative approaches to product development, competitive pricing models, financial performance, and expansion strategies. The research unveils critical market forces, competitive positioning, and breakthrough trends that will define the industry's trajectory in the coming years, providing stakeholders with actionable intelligence to navigate this rapidly evolving marketplace.
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The Internet of Things (IoT) in agriculture refers to the integration of connected devices, sensors, drones, and data-driven platforms to enhance farming practices. It enables real-time monitoring of crops, soil conditions, weather patterns, and livestock, facilitating precision agriculture. This technology empowers farmers to make informed decisions, optimize resource use, and increase productivity. IoT in agriculture also aids in reducing operational costs and environmental impact by minimizing water, fertilizer, and pesticide usage. As a result, it plays a pivotal role in transforming traditional farming into a sustainable and efficient industry.
Latest Trends:
Surge in adoption of smart irrigation systems to combat water scarcity.
Increasing use of drones and robotics for crop monitoring and field analysis.
Integration of AI and machine learning with IoT platforms for predictive analytics.
Growing popularity of livestock monitoring solutions for health and yield optimization.
Expansion of cloud-based platforms for seamless farm management.
Internet of Things in Agriculture Market: Industry Giants and Emerging Leaders:
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 Industry News:
A leading agri-tech company launched a new IoT-powered greenhouse monitoring system.
Governments worldwide are funding smart farming initiatives to boost food security.
Collaborations between tech firms and agriculture companies to develop scalable IoT solutions.
Deployment of 5G networks is accelerating real-time data collection and processing in farms.
Major investments are flowing into startups focused on IoT innovations for agriculture.
Research Methodology
Our comprehensive research approach leverages a dual-methodology framework that seamlessly integrates qualitative insights with quantitative data analysis to deliver robust market intelligence. The process begins with extensive secondary research, where we meticulously collect information from authoritative industry publications, proprietary databases, and verified market sources. This foundation is strengthened through targeted primary research initiatives, including strategic surveys and in-depth interviews with industry veterans, market experts, and key stakeholders.
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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
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Top-down and bottom-up approach for regional analysis
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 is the global sales value, production value, consumption value, import and export of Internet of Things in Agriculture market?
➠ Who are the global key manufacturers of the Internet of Things in Agriculture Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Internet of Things in Agriculture market opportunities and threats faced by the vendors in the global Internet of Things in Agriculture Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Internet of Things in Agriculture market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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