North America Agriculture IoT Market Size, Share & Trends Analysis Report By Deployment (On-premise and Cloud), By Component (Hardware, Software, and Services), By Connectivity, By Application, By Farm Type, By Country and Growth Forecast, 2024 - 2031

North America Agriculture IoT Market Size, Share & Trends Analysis Report By Deployment (On-premise and Cloud), By Component (Hardware, Software, and Services), By Connectivity, By Application, By Farm Type, By Country and Growth Forecast, 2024 - 2031

The North America Agriculture IoT Market would witness market growth of 9.4% CAGR during the forecast period (2024-2031).

The US market dominated the North America Agriculture IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,996.3 million by 2031. The Canada market is experiencing a CAGR of 11.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.8% during (2024 - 2031).

Agriculture IoT (Internet of Things) integrates smart devices, sensors, and technology in farming practices to optimize agricultural operations. It is a subset of IoT tailored specifically for the agricultural sector, enabling farmers to collect real-time data, monitor conditions, and make informed decisions to improve efficiency, productivity, and sustainability. Agriculture IoT transforms traditional farming methods into a more precise and data-driven approach by combining advanced technologies like sensors, cloud computing, and data analytics.

The agriculture IoT market represents a transformative leap in the agricultural sector, blending technology with traditional farming practices to create a new era of efficiency, sustainability, and productivity. This swiftly advancing market is propelled by the growing imperative to tackle food security challenges, enhance resource efficiency, and mitigate the environmental impact of agricultural practices.

Canada has seen a rising demand for IoT solutions in agriculture, driven by sustainability concerns and government support for innovative technologies. Programs such as the Canadian Agricultural Partnership, a five-year, $3 billion investment by federal, provincial, and territorial administrations, aim to promote sustainable farming and improve productivity through advanced technologies like IoT. These systems allow Canadian farmers to optimize water usage, monitor soil conditions, and reduce chemical inputs, aligning with environmental stewardship goals. Given the escalating dependence on data-driven decision-making, government-supported initiatives, and the incorporation of advanced technologies, the agriculture IoT market in North America is positioned for continued growth in the forthcoming years.

Based on Deployment, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Connectivity, the market is segmented into Wi-Fi, Cellular, Bluetooth, and Other Connectivity. Based on Application, the market is segmented into Precision Farming, Livestock Monitoring, Smart Greenhouse, Aquaculture, and Other Application. Based on Farm Type, the market is segmented into Large, Mid-sized, and Small. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Deere & Company
• Trimble, Inc.
• Raven Industries, Inc.
• AGCO Corporation
• Valmont Industries, Inc.
• Cropin Technology Solutions Private Limited
• A.A.A Taranis Visual Ltd.
• Libelium Comunicaciones Distribuidas S.L.
• Robert Bosch GmbH
• NXP Semiconductors N.V.

North America Agriculture IoT Market Report Segmentation

By Deployment

• On-premise
• Cloud

By Component

• Hardware
• Software
• Services

By Connectivity

• Wi-Fi
• Cellular
• Bluetooth
• Other Connectivity

By Application

• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Aquaculture
• Other Application

By Farm Type

• Large
• Mid-sized
• Small

By Country

• US
• Canada
• Mexico
• Rest of North America