Global Agriculture IoT Market Size is estimated to expand rapidly in coming years, at a CAGR of 11.6 % from 2018 to 2025. In 2017, the global market valuation was USD 14.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025.

Global Market Growth Opportunities (Revenue, Growth) By 2019-2026

Increasing agricultural productivity to respond to the growing food demand is expected to play an significant role in the Internet of Things (IoT) Technology. In agriculture, IoT integrates advanced technological technologies, devices, infrastructure and applications focused on IoT for enhancing operational efficiencies, optimizing productivity and reducing energy consumption through the processing of real-time data on the farm, data storage, data analysis and application creation. Different technologies focused on IoT such as precise agriculture, livestock management, smart greenhouse and tracking of fish farms are expected to help to speed up the farming processes.

The introduction of new technologies to improve agricultural production, such as the increase in global population and growing demand for food around the world, is projected to fuel IoT development on the agricultural sector. Nonetheless, the increase in the number of users of smartphones and the Internet among farmers is increasing their knowledge of recent developments in the agricultural industry.

The outcome of global agriculture development is affected by climate change. The use of IoT technologies to improve agricultural production is therefore enabled by severe weather. Numerous small players in farming, though, offer solutions at different stages in the agricultural value chain. As some of the farming processes reach economic feasibility, the market growth during the forecast period is likely to be hampered.

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global agriculture IoT market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global agriculture IoT market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Offering Insights: On the basis of offering, global agriculture IoT market has been segmented into hardware, software, services. During the forecast period the agricultural IoT services demand would rise at a higher CAGR.  Service providers involve organizations supplying software companies and directly to farmers field activities, data services and farm data analytics. Analytical tools help make appropriate calls and agricultural warnings to strengthen the decision-making capability of farmers. System integration service providers operate to resolve problems or manage livestock, which also include developing new software and hardware equipment ideas. By Agriculture Type Insights: On the basis of agriculture type, global agriculture IoT market has been segmented into precision farming, precision forestry, livestock monitoring, fish farm monitoring, smart greenhouse, others. Precision farming is expected to witness high growth in forecast period. The growing focus on improving farm efficiency and productivity can be due to this market growth. Precision agriculture has the potential to turn agricultural principles into good ones and improve the effectiveness and predictability of conventional agricultural practices. In precision agriculture, farmers will collect data from farms using different software and hardware tools, which will help them take better decisions and increase land and plant productivity.

Regional Analysis

The agriculture IoT market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

Due to the increase in population and increasing demand for food in the region, Asia-Pacific became the biggest market for IoT in agriculture in 2018. Additionally, the government's remote sensing initiative to gather ground data and satellite images to detect farming conditions in various areas is expected to further enhance market growth.

The second largest share of the IoT agriculture market in the forecast period is anticipated in Europe. Smart farming techniques such as yield tracking, feedback and guide of GNSS software, variable rate applications and field scouting already use European farmers. Throughout Germany there is a high rate of implementation of animal monitoring, care of milk cattle and other livestock control technologies. To order to meet increasing food demand by a growing population, quick shifts to weather, shifting environment and the lack of natural resources the UK focuses on the transformation of its IoT landscape in agriculture.

Global Agriculture IoT Market Size, Share Analysis by Region 2018

Global Agriculture IoT Market Study Objective

1. To forecast the market size of agriculture IoT market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of agriculture IoT market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of agriculture IoT market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of agriculture IoT market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the agriculture IoT market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Cisco Systems, Inc., International Business Management Corporation (IBM), Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc., Farmers Edge Inc., SlantRange, Inc., and The Climate Corporation are some of the key players in the global market of agriculture IoT. Such manufacturers plan to supply customized goods to increase consumer base and market share. They also focus on increasing geographical reach in order to gain maximum application penetration, especially in developing countries. It is likely to be a key factor in success for companies to set up R&D centers, together with strategic partnerships with investment companies, to introduce innovative technologies.

Global Agriculture IoT Market Study Report Offer You!

The global agriculture IoT market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.