Surging Food Demand Drives The IOT In The Agriculture Market : A Leading Driver Behind Internet of Things (IoT) in Agriculture Market Expansion in 2025

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What Will the Internet of Things (IoT) in Agriculture Industry Market Size Be by 2025?
In recent times, the size of the market for the internet of things (IoT) in the agricultural sector has seen substantial growth. The figures indicate that it will surge from $14.87 billion in 2024, reaching $16.29 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.6%. The increase during the historical period is credited to factors like the implementation of data analytics in decision-making, the adoption of autonomous machinery, crop and livestock monitoring solutions, and effective water management solutions.

What's the Long-Term Growth Forecast for the Internet of Things (IoT) in Agriculture Market Size Through 2029?
The agriculture sector's market size for the Internet of Things (IoT) is projected to surge remarkably in the forthcoming years, reaching $25.46 billion in 2029 with an 11.8% Compound Annual Growth Rate (CAGR). This anticipated growth for the given period can be credited to a variety of factors including government initiatives and funding, the incorporation of AI and machine learning, data-centric decision-making processes, an increase in smart farming solution demands, and an emphasis on sustainability and resource management. Key predicted trends for this forecast period encompass the adoption of precision agriculture, an increase in demand for intelligent farming, resilience towards climate change, solutions for water management, and monitoring and welfare of livestock.

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What Are the Key Growth Drivers Fueling the Internet of Things (IoT) in Agriculture Market Expansion?
The growth of the Internet of Things (IoT) in the agriculture market is being significantly influenced by the increasing demand for food. This demand is based on the consumer's inclination towards purchasing food products, a factor that can be gauged through consumption and demand. IoT's role in agriculture enhances agricultural yield by analyzing various elements related to the field, including weather patterns, soil conditions, crop growth status, and livestock health, amongst others. This provides farmers with the capability to minimize the potential for production loss by identifying any irregularities in crop growth or animal health at an early stage. Given these advantages, there is a growing interest in the use of IoT in agriculture. To illustrate, in August 2024, the agri-food chain accounted for $188.64 billion (£147.8 billion) or 6.5% of the national gross value added in 2022, as per the UK-based Department for Environmental Food and Rural Affairs. The food chain's gross value excluding agriculture and fishing amounted to $169.62 billion (£132.9 billion), marking a 15.4% increase from the previous year. Therefore, the escalating demand for food is propelling the IoT's role in the agriculture market.

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What Are the Key Trends Driving Internet of Things (IoT) in Agriculture Market Growth?
Technological innovation is a prominent trend gaining traction in the IoT in agriculture market. Major players in this market are concentrating on incorporating new technologies into precision farming and expanding the use of IoT in farming activities. For example, in February 2024, Israel-based Spacecom introduced its Satellite IoT-as-a-Service with a focus on reshaping digital agriculture in Sub-Saharan Africa, with a key emphasis on precision farming. This initiative, in partnership with Ayecka, leverages the features of Spacecom's AMOS GEO satellites and Ayecka's AR-1100 satellite terminals to offer a comprehensive off-grid solution for effective IoT services in rural regions.

How Is the Internet of Things (IoT) in Agriculture Market Segmented?
The internet of things (IoT) in agriculture market covered in this report is segmented -

1) By Component: Hardware, Software, Connectivity And Services
2) By Type: Small Farms, Mid-Sized, Large
3) By Application: Livestock Monitoring, Smart Greenhouse, Precision Forestry, Fish Farm Monitoring, Other Applications

Subsegments:
1) By Hardware: Sensors, Actuators, Drones, GPS And Tracking Devices
2) By Software: Farm Management Software, Data Analytics Platforms, IoT Platforms, Application Software
3) By Connectivity And Services: Cellular Connectivity, LPWAN (Low Power Wide Area Network), Satellite Connectivity, Wi-Fi And Bluetooth, Consulting Services, System Integration Services, Maintenance And Support Services, Training Services

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Which Companies Are Leading the Charge in Internet of Things (IoT) in Agriculture Market Innovation?
Major companies operating in the internet of things (IoT) in agriculture market include Trimble Inc., Deere & Company, AGCO Corporation, Topcon Positioning Systems Inc., The Climate Corporation, AgJunction Inc., DICKEY-john, Gamaya, AgriData Incorporated, AgEagle Aerial Systems Inc., Grownetics Inc., Auroras s.r.l., Granular Inc., Intervet Inc., Raven Industries Inc., Cisco Systems Inc., International Business Management Corporation, Telit, Hitachi Ltd., TELUS Agriculture Solutions Inc., OnFarm Systems Inc., Farmers Edge Inc., SlantRange Inc., TeeJet Technologies Pvt. Ltd.

Which Regions Are Leading the Global Internet of Things (IoT) in Agriculture Market in Revenue?
Asia-Pacific was the largest region in the internet of things (IoT) in agriculture market in 2024. The regions covered in the internet of things (IoT) in agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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