IoT in Agriculture Market Top Players - Deere & Company, Microsoft, CNH Industrial N.V., Robert Bosch GmbH, Kalera Inc.

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 is valued at USD 23.0 Bn in 2024, and it is expected to reach USD 78.8 Bn by 2034, with a CAGR of 13.2% during the forecast period of 2025-2034.

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The integration of Internet of Things (IoT) technologies into agriculture encompasses the deployment of interconnected devices and sensors that autonomously collect, transmit, and analyze data to optimize farming operations. This transformation is being driven by several key factors, including the growing adoption of cloud-based platforms, the increasing reliance on automation and control systems across sectors such as transportation, healthcare, and manufacturing, and the rising demand for real-time data analytics. The market is also experiencing heightened demand for various IoT components, such as sensors, gateways, and network infrastructure. Furthermore, the global expansion of 5G networks is expected to significantly enhance the performance and reliability of IoT applications in agriculture by enabling faster and more stable connectivity.

The escalating global demand for food, coupled with population growth, has further underscored the need for advanced technologies to improve agricultural efficiency and yield. This trend is expected to continue driving the adoption of IoT-based solutions within the sector. Despite these promising developments, the high initial costs associated with purchasing, installing, and maintaining IoT systems-along with the need for specialized training-pose substantial challenges. Additionally, a lack of technical expertise among many agricultural workers and farmers may limit effective implementation. These barriers are particularly pronounced among small-scale or resource-constrained farming operations, potentially hindering their access to IoT-enabled innovations and market participation.

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

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Market Dynamics
Drivers:
The growing adoption of IoT technologies in agriculture is largely propelled by increasing awareness of their role in improving crop yields and addressing the rising global demand for agricultural products and services. Technological advancements have enhanced the capacity of farmers to boost productivity, minimize losses, and optimize the use of vital resources. These improvements are significantly contributing to the expansion of the IoT in agriculture market. Moreover, the implementation of precision agriculture techniques is playing a pivotal role in driving global adoption, enabling data-driven and highly efficient farming practices.

Challenges:
One of the principal challenges hindering the widespread adoption of IoT in agriculture is the substantial initial investment required for deployment. Costs related to establishing network infrastructure, acquiring sensors, actuators, GPS systems, drones, and other connected devices can be prohibitive, particularly for small-scale operations. Additionally, a lack of technical expertise among farmers and agricultural laborers poses a barrier to effective utilization of these technologies. Concerns surrounding data security and privacy further complicate adoption, potentially discouraging investment in IoT systems by stakeholders wary of digital risks.

Regional Trends:
North America is anticipated to capture a significant share of the IoT in agriculture market, supported by a robust technological infrastructure, rising interest in sustainable farming methods, and the presence of leading tech firms focused on agricultural IoT development. Government incentives and policies aimed at modernizing the agricultural sector further bolster market growth in the region. Europe also represents a substantial portion of the market, benefiting from strong financial capabilities among agricultural producers, advanced infrastructure, and growing food demand spurred by population increases. The emphasis on sustainable and efficient agricultural practices across Europe is expected to further drive the adoption of IoT technologies in the sector.

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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.

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

View Overview Report: https://www.insightaceanalytic.com/report/iot-in-agriculture-market/2425

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.