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 in agriculture leverages interconnected devices and sensors to autonomously collect, transmit, and analyze data, thereby enhancing operational efficiency and decision-making across farming activities. This digital transformation is being propelled by the widespread adoption of cloud-based platforms, the increasing reliance on automation and control systems across various sectors-including transportation, healthcare, and manufacturing-and the growing demand for real-time data analytics.

Concurrently, the requirement for IoT components such as sensors, gateways, and networking infrastructure is rising. The global deployment of 5G networks is also expected to significantly enhance the performance of agricultural IoT applications by providing high-speed, low-latency connectivity.

The escalating demand for food driven by global population growth underscores the critical need for technologies that improve productivity and resource utilization, thereby supporting the adoption of IoT-enabled solutions in agriculture. Nonetheless, several challenges constrain market expansion.

High initial expenditures for the procurement, installation, and maintenance of IoT systems, coupled with the necessity for specialized technical training, present substantial barriers. Limited technical literacy among farmers and agricultural workers further restricts effective utilization, particularly in smallholder and resource-constrained environments, which may impede the widespread adoption of IoT-driven agricultural innovations.

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 adoption of Internet of Things (IoT) technologies in agriculture is being propelled by growing recognition of their potential to enhance crop productivity and address increasing global food demand. Ongoing advancements in technology are enabling farmers to optimize resource utilization, reduce operational inefficiencies, and improve overall farm performance. The emergence of precision agriculture further reinforces this trend by facilitating data-driven farming practices, allowing for more precise monitoring, analysis, and management of agricultural operations.

Challenges:
The widespread implementation of IoT in agriculture is constrained by high initial capital requirements for infrastructure deployment, including sensors, actuators, GPS modules, drones, and network systems, which can pose significant financial challenges for small and medium-sized farming enterprises. Additionally, limited technical expertise among farmers and field personnel often impedes effective utilization of these technologies. Concerns regarding data security and privacy also present notable barriers, as apprehensions over potential breaches or misuse may reduce stakeholder confidence in digital solutions.

Regional Trends:
North America is expected to maintain a leading position in the agricultural IoT market, supported by advanced technological infrastructure, a strong emphasis on sustainable farming, and the presence of major industry players specializing in IoT solutions for agriculture. Government-backed initiatives and financial incentives promoting digital transformation further bolster regional growth.

Europe also represents a significant market segment, driven by the robust financial capacity of its agricultural sector, advanced infrastructure, and growing food demand resulting from population expansion. The region's commitment to sustainable and efficient farming practices is anticipated to accelerate the deployment of IoT-based technologies 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.