Comprehensive Agriculture IoT Market Forecast 2025-2034: Growth Trends and Strategic Shifts

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Agriculture IoT Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a significant expansion in the size of the agricultural IoT market. It is expected to increase from $15.32 billion in 2024 to about $16.77 billion in 2025, following a compound annual growth rate (CAGR) of 9.5%. Factors responsible for this growth during the historic period include an increase in farm mechanization and automation, the emergence of smart farming methods, advancements in connectivity infrastructure, expansion in farm size and large-scale operations, monitoring of crop health, effective management of resources, vigilance on weather and climate, and aspects like affordability and scalability.

Agriculture IoT Market Size Forecast: What's the Projected Valuation by 2029?
The size of the agricultural IoT market is predicted to experience a swift increase in the upcoming years. By 2029, it is projected to reach $25.59 billion, growing at a compound annual growth rate (CAGR) of 11.1%. The expansion can be ascribed to multiple factors during the forecast period such as the worldwide growth of precision farming, government regulations and standards, integration of drones and UAVs, efforts to mitigate climate change, increased adoption in emerging regions, predictive analysis for disease control, crop-specific customization, and a focus on sustainable farming. Key trends for the forecast period encompass advancements in sensor technology, AI and machine learning integration, farm management software, autonomous machinery and robotics, edge computing in agriculture, IoT services on a subscription basis, and the use of blockchain for transparency.

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What Are the Drivers Transforming the Agriculture IoT Market?
The surge in food requirements is fueling the development of the agriculture IoT market in the future. Food, which provides vital nourishment and nutrition to humans and animals, is in higher demand due to the rising global population. IoT solutions aim to support farmers in addressing the gap between supply and demand, ensuring abundant harvests, financial prosperity, and preservation of the environment. For example, data from The Food and Agricultural Organization, an organization based in Canada and part of the United Nations, suggests that global food production will need to increase by 70% in order to satisfy the projected global population growth, anticipated to reach 9.6 billion by 2050. Consequently, the escalating demand for food is propelling the agriculture IoT market forward.

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What Long-Term Trends Will Define the Future of the Agriculture IoT Market?
Leading corporations in the agricultural IoT sector are prioritizing the development of innovative offerings such as IoT-integrated aftermarket devices, which can add value to crop surveillance and resource allocation efficiency. These are enhancements to existing farming tools that yield immediate data collection and examination capabilities, eliminating the need for farmers to update whole systems. They provide farmers a chance to scrutinize performance and fine-tune operations. To illustrate, the agritech branch of Mahindra & Mahindra, Krish-e, an Indian manufacturer, rolled out Krish-e-Smart Kit for agricultural machinery. This gives a multitude of benefits to farmers and machinery proprietors as it augments monitoring by furnishing real-time visibility into tractor operations and utilization, thereby leading to more efficient management and reducing idle time.

Which Segments in the Agriculture IoT Market Offer the Most Profit Potential?
The agriculture iot market covered in this report is segmented -

1) By Component type: Hardware, Software, Connectivity And Services
2) By Farm Type: Large, Mid-Sized, Small Farms

Subsegments:
1) By Hardware: Sensors, Actuators, Drones, RFID Tags
2) By Software: Data Analytics Platforms, Farm Management Software, Monitoring And Control Software
3) By Connectivity: Wireless Technologies, Cellular Networks, Satellite Communication
4) By Services: Consulting Services, Installation And Integration Services, Maintenance And Support Services

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Which Firms Dominate the Agriculture IoT Market by Market Share and Revenue in 2025?
Major companies operating in the agriculture iot market are Deere & Company, The Tetra Laval Group, Topcon Positioning Systems Inc., Trimble Inc., Raven Industries Inc., AgJunction Inc., Farmers Edge Inc., Field Group AS, AgEagle Aerial Systems, Komatsu Forest AB, InnovaSea Systems Inc., Steinsvik AS, Ponsse PLC, The Climate Corporation, OnFarm Systems Inc., SlantRange Inc., TELUS Agriculture Solutions Inc., Ag Leader Technology, Autonomous Solutions Inc., BouMatic Robotic B.V., Helium Systems Inc., Benchmark Labs Inc., Jala Corporation, Myriota Pty Ltd, ket*os Inc., FarmInsect Ltd., Orbital Insight Inc., M5Stack Technology Co. Ltd., KisanHub Ltd., Amber Agriculture Inc., Arable Labs Inc., Sencrop SAS

Which Regions Offer the Highest Growth Potential in the Agriculture IoT Market?
North America was the largest region in the agriculture IoT market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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