IoT has influenced various industry verticals and is enabling farmers to reduce waste and enhance productivity by using smart agriculture techniques. IoT in agriculture allows the farmers to monitor their crops using various types of sensor. The IoT in the agriculture market is highly influenced by increasing adoption of IoT and Ai solutions by farmers, and government support to adopt modern agriculture techniques. Growing demand for agriculture due to increasing popularity, growing focus towards improving the efficiency and monitoring the crops, and supporting government norms are the significant factors that are expected to drive the growth of IoT in the agriculture market. However, high costs of solution and limited technical knowledge are the major restraining factors for IoT in the agriculture market. Increasing connectivity, the introduction of big data in agriculture are creating opportunities for the companies operating in the IoT in the agriculture market to gain a strong customer base and generate more revenues.
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Some of The Leading Players In Global Market:
- Climate Corporation
- Deepfield Robotics
- Farmers Edge Inc.
- Flux Farm, Inc.
- IBM Corporation
- KaaIoT Technologies, LLC
- Libelium Comunicaciones Distribuidas S.L
- Octonion SA
The global IoT in agriculture market is segmented on the basis of offering, application, and end-user. Based on offering, the market is segmented as automation and control systems, sensing and monitoring devices, livestock monitoring solutions, software solutions, and others. On the basis of the application the market is segmented as precision farming, livestock monitoring, aquaculture, and others. Based on the end-user the market is segmented into individuals and commercial.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT in agriculture market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IoT in agriculture market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IoT in agriculture market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IoT in agriculture market in these regions.
The reports cover key developments in the IoT in agriculture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from IoT in agriculture market are anticipated to lucrative growth opportunities in the future with the rising demand for IoT in agriculture in the global market. Below mentioned is the list of few companies engaged in the IoT in agriculture market.
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