Global Iot In Agriculture Market Bwc19319

Global IoT in Agriculture Market Size, By System (Automation and Control Systems, Sensing and Monitoring Devices, Livestock Monitoring Hardware, Fish Farming Hardware, Smart Greenhouse Hardware, and Software), By Application (Precision farming, Livestock Monitoring, Smart Greenhouse, and Fish Farm Monitoring) and By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Market Competition Scenario and Outlook, 2015-2025

  • Published Date: October 2019
  • Report ID: BWC19319
  • Available Format: PDF
  • Page: 169

Report Overview

Global Agriculture IoT Market Overview

The Global Agriculture IoT Market is expected to grow at a significant rate, during the forecast period 2019-2025. IoT in Agriculture is the application of modern Information and Communication Technology (ICT) into agriculture, wherein a system is built for monitoring the crop field with the help of sensors (for light, humidity, temperature, soil moisture, etc.) and automating the irrigation system. It provides excellent benefits concerning efficient water usage and optimization of inputs & treatments. Increasing demand for higher crop yield coupled with the growing penetration of ICT in farming is a significant factor propelling the growth of the Global Agriculture IoT Market in the forecast period.

 

The rise in global population and an escalation in demand for food across the globe are vital factors affecting agriculture technology, which will fuel the global IoT in Agriculture market in the upcoming period. Also, changing weather patterns across the globe because of mounting global warming have encouraged the adoption of advanced farming technologies to enhance farm productivity, and crop yield, which is expected to accelerate the growth of the market. Moreover, the extensive application of IOT in agriculture in communicating information about their agriculture field by monitoring environmental factors is likely to improve the crop yield and accelerate the growth of the IoT in Agriculture market in the upcoming years.

 

Apart from this, the surge in internet penetration and usage of smartphones among farmers facilitate the usage of IoT in agriculture with growing awareness and applications in the forecast period.

 

Agriculture IoT Market Analysis

 

By System

 

Based on System, the IoT in Agriculture market has been categorized into Automation and Control Systems, Sensing and Monitoring Devices, Livestock Monitoring Hardware, Fish Farming Hardware, Smart Greenhouse Hardware, and Software. The software segment is expected to secure significant market share on account of a massive deployment of numerous tools to control hardware like yield monitors, soil sensors, water sensors, climate sensors used in a wide range of precision farming, smart greenhouse farming, and fish farming application.

 

Sensing and Monitoring Devices Segment is driven by sensors and GPS devices which play a vital role in measuring various yield parameters that reduce the coinciding of equipment and tractor pass, thus saving fuel, labor, time, and soil compaction.

 

By Application

 

Based on Application, the IoT in Agriculture market has been classified into Precision farming, Livestock Monitoring, Smart Greenhouse, and Fish Farm Monitoring. Precision farming will dominate the market due to its IoT-enabled applications by farmers in positioning systems, remote sensing, guidance system, and variable rate technology to optimize the production and efficiency. Livestock monitoring market will also witness the growing application of IoT system technology in agriculture for detection of livestock location and health during the forthcoming period.

The regional analysis of Agriculture IoT Market



Based on region, the IoT in Agriculture Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the Global Agriculture IoT market and, is expected to continue its dominance over the forecast period owing to the fast and early adoption of IoT in the agriculture sector. The farmers in this region extensively use advanced systems for farming operations and equipment such as steering and guidance systems, sensors, display devices, and farm management software.

 

The Asia Pacific region will be the fastest-growing market owing to augmentation in agriculture produce and population, coupled with an increase in food demand.

 

Competitive Landscape

 

Companies such as Cisco Systems, Inc., International Business Management Corporation (IBM), Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc., Farmers Edge Inc., SlantRange, Inc., Deere & Company, AG Leader Technology, Precision Planting and The Climate Corporation are the key players in the Global Agriculture IoT market.

 

Scope of the Report

 

By System

Ø  Automation and Control Systems

Ø  Sensing and Monitoring Devices

Ø  Livestock Monitoring Hardware

Ø  Fish Farming Hardware

Ø  Smart Greenhouse Hardware

Ø  Software

By Application

Ø  Precision farming

Ø  Livestock Monitoring

Ø  Smart Greenhouse

Ø  Fish Farm Monitoring

    By Region

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  South America

Ø  Middle East & Africa

 

The objective of the Study:

 

Ø  To analyze and estimate the Global Agriculture IoT Market size, in terms of value.

Ø  To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Global Agriculture IoT Market into five regions, namely, North America, Europe, Asia Pacific, Rest of the World and their leading countries.

Ø  To outline, categorize and project the Global Agriculture IoT Market based on the system, Application and Region.

Ø  To examine competitive developments in software and applications within the Global Heating Pad Market.

Ø  To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.

Ø  To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.

 

Business Questions Answered by the Report

 

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and which one will be the fastest-growing, and why?

Ø  Who are the key players in the market, and what is their share?

Ø  What is the strategy adopted by key players, and how does it affect the existing and new players?

 

Customization Scope for the Client

 

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:

Ø  Additional Company Information

Ø  Detail Analysis of five additional companies

Ø  Additional country analysis

Ø  Detailed segment analysis

 


Attribute

Details

Years Considered

Historical data – 2016-2019

Base Year – 2019

Forecast – 2020 – 2025

Facts Covered

Revenue in USD Million/Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.

Product/Service Segmentation

By System, By Application and By Region

Key Players

Cisco Systems, Inc., International Business Management Corporation (IBM), Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc., Farmers Edge Inc., SlantRange, Inc., Deere & Company, AG Leader Technology, Precision Planting and The Climate Corporation and other prominent players.