Global IoT in Agriculture Market, By System (Automation & Control System Hardware, Sensing & Monito

Published Date: | Report Code : FA1930218

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Precision agriculture optimizes the utilization of resources and assists in high yield production is expected to drive the growth of IoT in agriculture market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

There has been a severe need to enhance farm yield in recent years due to the growing population and also with the aspect of global warming. Almost every aspect of agriculture can be automated.

IoT-based agriculture tools and equipment can maximize yield and minimize energy consumption. This technology can also help in optimizing the quality and quantity of agricultural produce. Climate change, which is an important factor for agriculture, can be predicted with accuracy with the help of sensors.

An increase in the use of smartphones by farmers can help them be aware of the recent developments in the field of agriculture. IoT in Livestock Monitoring will the farmers keep track of where the livestock is, whether they are prone to any illnesses, etc.

Smart irrigation has also proven, by the Irrigation Association (IA), to positively impact the market as it efficiently utilizes the consumption of water and reduces energy consumption.

 Key Factors Impacting Market Growth:

  • Precision agriculture optimizes the utilization of resources and assists in high yield production
  • Growing demand for food
  • A decline in energy consumption and water usage due to the implementation of advanced agricultural tools
  • Lack of knowledge about new technology and Internet access

Regional Analysis:

This report segments IoT in agriculture market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for IoT in agriculture market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for IoT in agriculture market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

Asia Pacific is estimated to be one of the fastest-growing markets for IoT in agriculture during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of IoT in agriculture market. The Middle East and the rest of the World are estimated to be emerging regions for IoT in agriculture market during the forecast period.

Companies Covered: 

Cisco Systems, Inc., IBM, Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc., Farmers Edge Inc., The Climate Corporation, and Decisive Farming

Market Segmentation:

By System:

  • Automation & Control System Hardware
  • Sensing & Monitoring Devices
  • Livestock Monitoring Hardware
  • Fish Farming Hardware
  • Smart Greenhouse Hardware
  • Software

By Service:

  • System Integration & Consulting
  • Managed Services
  • Connectivity Services
  • Maintenance & Support

 By Application:

  • Precision Crop Farming
  • Livestock Monitoring
  • Smart Greenhouse
  • Fish Farm Monitoring

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By System
    • By Service
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By System
    • By Service
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By System
    • By Service
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By System
    • By Service
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By System
    • By Service
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By System
    • By Service
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global IoT in the agriculture market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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