Internet of Things (IoT) in Agriculture Market Poised to Hit $25.17 Billion by 2029 with Accelerating Growth Trends

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Internet of Things (IoT) in Agriculture Market Size Growth Forecast: What to Expect by 2025?
The market size for Internet of Things (IoT) in agriculture has witnessed a significant expansion in the past few years. The market is projected to escalate from $14.87 billion in 2024 to $16.22 billion in 2025, manifesting a compound annual growth rate (CAGR) of 9.1%. The phenomenal growth in the previous period can be associated with the utilization of data analytics for decision making, integration of independent machinery, solutions for monitoring crops, livestock surveillance and welfare, as well as water management solutions.

How Will the Internet of Things (IoT) in Agriculture Market Size Evolve and Grow by 2029?
The agriculture sector's internet of things (IoT) market size is set for swift expansion in the coming years, with predictions placing its value at $25.17 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 11.6%. This predicted growth during the forecast period can be linked to factors such as governmental initiatives and funding, the incorporation of AI and machine learning, decisions backed by data, an increased demand for intelligent farming alternatives, a focus on sustainability, and solid resource management. The major trends anticipated within the forecast period encompass the adoption of precision farming, a surge in demand for smart agricultural practices, resilience to climate change, solutions for managing water resources, as well as monitoring and ensuring livestock welfare.

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What Drivers Are Propelling the Growth of Internet of Things (IoT) in Agriculture Market Forward?
The growing need for food is significantly aiding the expansion of the Internet of Things (IoT) in the agriculture market. The desire of consumers to purchase food products, evident in their demand and consumption patterns, is what defines food demand. The agriculture sector's utilization of the Internet of Things (IoT) enhances agricultural productivity by tracking numerous agriculture-related data such as weather patterns, soil quality, animal health, crop growth stages, and so on. This allows farmers to minimize the chances of production loss by identifying unusual patterns in crop growth or livestock health. Such advantages have led to an increased demand for the Internet of Things (IoT) in agriculture. For example, in August 2024, the agri-food chain's contribution to the national gross value added was $188.64 billion (£147.8 billion), or 6.5%, as per the Department for Environmental Food and Rural Affairs, a UK government department. In contrast, the gross value added by the food chain (excluding agriculture and fishing) was $169.62 billion (£132.9 billion), marking a 15.4% rise from the last year. Consequently, the surge in food demand is propelling the Internet of Things (IoT) in the agriculture market.

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Which Emerging Trends Are Transforming the Internet of Things (IoT) in Agriculture Market in 2025?
The growing trend in the agriculture sector's Internet of Things (IoT) market is the escalation in technological innovation. Mainstream businesses in the IoT agricultural field are striving to incorporate novel technologies into precision agriculture and broaden the range of IoT applications in farming activities. To illustrate, Spacecom, a telecommunications firm from Israel, initiated its IoT-as-a-service via satellite in February 2024, with the aim to metamorphose digital agriculture in Sub-Saharan Africa, highlighting precision farming in particular. This venture is a partnership with Ayecka, utilizing Spacecom's AMOS GEO satellites and Ayecka's AR-1100 satellite terminals to offer a completely off-grid solution for effective IoT services in remote regions.

What Are the Key Segments in the Internet of Things (IoT) in Agriculture Market?
The internet of things (iot) in agriculturemarket 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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Who Are the Key Players Shaping the Internet of Things (IoT) in Agriculture Market's Competitive Landscape?
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., dic*kEY-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.

What Geographic Markets Are Powering Growth in the Internet of Things (IoT) in Agriculture Market?
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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