IoT in Agriculture Market Top Companies Study - 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 incorporation of Internet of Things (IoT) technologies into agriculture involves the utilization of interconnected devices and sensors that autonomously gather, transmit, and analyze data to enhance the efficiency of farming operations. This digital transformation is primarily driven by the increasing adoption of cloud-based solutions, the growing dependence on automation and control systems across industries such as transportation, healthcare, and manufacturing, and the rising need for real-time data analytics.

There is also a notable surge in demand for IoT components-including sensors, gateways, and networking infrastructure. Moreover, the global rollout of 5G technology is anticipated to substantially improve the speed, reliability, and overall performance of IoT applications in agriculture by facilitating high-speed, low-latency connectivity.

The rising global food demand, fueled by steady population growth, has further emphasized the importance of adopting advanced technologies to boost agricultural productivity and resource efficiency. This trend is expected to accelerate the implementation of IoT-based solutions within the sector. However, significant barriers remain. High upfront costs related to the acquisition, installation, and ongoing maintenance of IoT systems-combined with the need for specialized training-pose notable challenges. Additionally, limited technical knowledge among many farmers and agricultural workers may impede effective adoption. These constraints are especially prevalent in smallholder and resource-limited farming environments, potentially restricting their ability to benefit from IoT-driven advancements and limiting broader market inclusion.

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 increasing integration of Internet of Things (IoT) technologies within the agricultural sector is primarily driven by heightened awareness of their capacity to enhance crop yields and meet the growing global demand for food and related services. Continuous technological progress has enabled farmers to significantly improve productivity, reduce operational inefficiencies, and make more effective use of essential resources. Furthermore, the rise of precision agriculture is a key enabler of this trend, supporting the adoption of data-driven, highly optimized farming techniques that are reshaping modern agricultural practices.

Challenges:
A major constraint to the broader adoption of IoT in agriculture lies in the considerable upfront investment required for system implementation. The costs associated with deploying infrastructure-including sensors, actuators, GPS modules, drones, and network components-can be a financial burden, particularly for small and medium-sized farming enterprises. Additionally, the limited technical knowledge among farmers and field workers often hinders the effective application of these technologies. Data privacy and cybersecurity concerns also present significant obstacles, as stakeholders may hesitate to adopt digital solutions due to perceived risks associated with data breaches or misuse.

Regional Trends:
North America is projected to hold a prominent position in the IoT in agriculture market, underpinned by its well-established technological infrastructure, increasing focus on sustainable farming practices, and the strong presence of key industry players specializing in agricultural IoT solutions. Supportive government policies and financial incentives aimed at driving digital transformation in farming further contribute to regional growth. Europe also accounts for a considerable share of the market, driven by the financial strength of its agricultural sector, advanced infrastructure, and rising food demand fueled by population growth. The region's strong commitment to sustainable and efficient farming is expected to accelerate the deployment of IoT-based solutions across the agricultural value chain.

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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.