Global IoT in Agriculture Market Size study, by System (Automation and control systems, Sensing and Monitoring Devices, Livestock Monitoring Hardware, Fish Farming Hardware, Smart Greenhouse Hardware, Software) by Farm Type (Large, Mid Size, Small Farms),

Global IoT in Agriculture Market Size study, by System (Automation and control systems, Sensing and Monitoring Devices, Livestock Monitoring Hardware, Fish Farming Hardware, Smart Greenhouse Hardware, Software) by Farm Type (Large, Mid Size, Small Farms), by Application (Precision Farming, Livestock Monitoring, Smart Greenhouse, Fish Farm Monitoring) and Regional Forecasts 2022-2032

Global IoT in Agriculture Market is valued approximately USD 30.72 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 12.60% over the forecast period 2024-2032. The IoT in Agriculture used for connected devices, sensors, and technology solutions to enhance various agricultural processes and practices. These IoT technologies are employed to monitor, manage, and optimize agricultural operations, leading to improved efficiency, productivity, and sustainability in farming practices. Precision agriculture continues to gain momentum as farmers seek to optimize resource use and improve crop yields. IoT technologies enable precise monitoring and management of factors such as soil moisture, temperature, and nutrient levels, allowing for targeted interventions and more efficient farming practices. This trend highlights the evolution and diversification of the IoT in Agriculture market, driven by technological innovation, and the increasing adoption of digital solutions in the agricultural sector.

The growing global population and escalating food demand are significant drivers propelling the demand for Global IoT in the Agriculture Market. The Food and Agriculture Organization (FAO) of the United Nations (UN), it projected that in 2050, the global population can spread 9.8 billion people and to feed the global population, food production need to be surge by 70% in 2050. Farmers are increasingly turning to IoT technologies to enhance agricultural productivity, optimize resource utilization, and improve crop yields. With the help of IoT devices such as sensors, drones, and smart irrigation systems, farmers can monitor vital factors such as soil moisture, temperature, and crop health in real-time. This enables them to make informed decisions, implement precision agriculture practices, and maximize the efficiency of their operations. Furthermore, IoT solutions facilitate predictive analytics, allowing farmers to anticipate and mitigate potential risks such as pests, diseases, and adverse weather conditions. However, high cost and a lack of infrastructure can stifle market growth between 2022 and 2032.

The key regions considered for the Global IoT in Agriculture Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the largest regional market and expected to develop at the fastest rate over the forecast period 2024-2032. With a large and rapidly growing population, countries in the Asia Pacific region face increasing pressure to enhance agricultural productivity and food security. IoT technologies offer solutions to optimize resource use, improve crop yields, and address the challenges of feeding growing urban populations. Governments in the region are actively promoting the adoption of digital technologies in agriculture through various initiatives, incentives, and investments. Countries such as India, China, and Japan have launched programs to support the development and deployment of IoT solutions in agriculture, driving Global IoT in Agriculture Market growth. For instance, in March 2024, the Union Minister of Agriculture announced that it has inaugurated an agriculture-integrated command and control center at Krishi Bhawan, Delhi to empower farmers in new dimension of digital technology.

Major market player included in this report are:
Climate LLC
Hitachi, Ltd
International Business Machines Corporation
Farmers Edge Inc.
Cisco Systems, Inc.
Trimble Inc.
Telit Corporate Group
SWIIM System, Ltd.
Decisive Farming Corp.
SlantRange, Inc.

The detailed segments and sub-segment of the market are explained below:

By System
Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software

By Farm Type
Large
Mid Size
Small Farms

By Application
Precision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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