IoT in Agriculture Market 2025 | Growth Drivers, Key Players & Global Investment Opportunities

Market Size and Growth

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.

Internet of Things (IoT) in Agriculture Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Internet of Things (IoT) in Agriculture Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Internet of Things (IoT) in Agriculture refers to the integration of connected sensors, devices, and software to monitor, collect, and analyze data across farming operations. Applications include soil moisture monitoring, crop health tracking, precision irrigation, livestock management, and automated machinery control. By enabling real-time insights and data-driven decision-making, IoT in agriculture improves productivity, reduces resource waste, enhances crop quality, and supports sustainable farming practices.

Key Players:

-> 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.

Key Development:

United States: Recent Industry Developments

✅ In July 2025, the National Science Foundation (NSF) launched the IoT4Ag research center in California. This initiative unites university experts and industry leaders to develop innovative solutions such as biodegradable leaf and soil sensors capable of detecting nutrients and environmental conditions. These sensors, paired with ground and aerial robots, offer farmers detailed, timely insights to adjust practices quickly.

✅ In May 2025, Teralytic introduced advanced soil probes with multiple sensors to measure moisture, salinity, and nutrients. These probes update farmers via cloud-based dashboards, enhancing precision in irrigation and fertilization decisions.

✅ In April 2025, the Pennsylvania Agricultural University (PAU) partnered with BITS-Pilani to foster collaboration in precision agriculture, data analytics, IoT, geospatial science, and advanced research and training programs. This strategic alliance aims to revolutionize agriculture through the integration of cutting-edge technologies such as artificial intelligence, drones, IoT sensors, robotics, GIS, and spectroscopy.

Japan: Recent Industry Developments

✅ In June 2025, a Japanese agricultural machinery manufacturer deployed robotics and data to create the "farming of the future." This initiative addresses challenges like natural disasters and a declining agricultural workforce by integrating robotics and data analytics into farming practices.

✅ In May 2025, Kubota and Yanmar introduced autonomous tractors equipped with GPS, AI-powered navigation, and remote monitoring systems. These machines can operate with minimal human intervention, increasing efficiency and reducing labor costs.

✅ In April 2025, a study conducted in Central Japan demonstrated how low-cost Internet of Things (IoT) devices can automate work records for farmers. This approach offers a more reliable and efficient alternative to traditional methods, enhancing data accuracy and operational efficiency.

Growth Forecast Projected:

The Global Internet of Things (IoT) in Agriculture Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Internet of Things (IoT) in Agriculture Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: Small Farms, Mid-Sized Farms, Large Farms

By Component: Hardware, Software

By Application: Precision Aquaculture, Precision Farming, Precision Livestock, Precision Forestry, Others

Regional Analysis for Internet of Things (IoT) 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)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Internet of Things (IoT) in Agriculture producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Internet of Things (IoT) in Agriculture revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Internet of Things (IoT) in Agriculture Market?

A: In 2023, the Internet of Things (IoT) in Agriculture Market was valued at US$ 31.10 billion, reflecting its strong industry presence.

Q2: How large is the Internet of Things (IoT) in Agriculture Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Internet of Things (IoT) in Agriculture Market will grow to around US$ 83.26 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Internet of Things (IoT) in Agriculture Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 13.1% during the forecast period from 2024 to 2031.

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