Global IoT Agriculture Market Growth (Status and Outlook) 2024-2030

Global IoT Agriculture Market Growth (Status and Outlook) 2024-2030

Blockchain technology's ultra-transparent ledger system keeps track of the source of the digital asset. With regard to cryptocurrencies, digital IDs, copyright and royalty protection, real estate, tax regulation and compliance, administering the Internet of Things, and other areas, the technology's security and transparency have been used effectively and over time. Its decentralized characteristic makes it more difficult to tamper with, increasing user popularity. It is a cost-effective and preferable choice due to the little human participation, the elimination of third-party verifications, better transparency, the peer-to-peer network, and simplicity of usage. Its widespread use across many industrial sectors, including BFSI, healthcare, and manufacturing, has increased its appeal.

The global IoT Agriculture market size is projected to grow from US$ 17700 million in 2024 to US$ 44320 million in 2030; it is expected to grow at a CAGR of 16.5% from 2024 to 2030.

LPI (LP Information)' newest research report, the “IoT Agriculture Industry Forecast” looks at past sales and reviews total world IoT Agriculture sales in 2022, providing a comprehensive analysis by region and market sector of projected IoT Agriculture sales for 2023 through 2029. With IoT Agriculture sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Agriculture industry.

This Insight Report provides a comprehensive analysis of the global IoT Agriculture landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on IoT Agriculture portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IoT Agriculture market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Agriculture and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT Agriculture.

A significant sum of money—roughly USD 50 billion—is being invested by some of the largest banks in the world, including Banco Santander, UBS, State Street Corp, Credit Suisse Group AG, Bank of New York Mellon Corp, Barclays PLC, HSBC Holdings Plc, and Deutsche Bank AG, in the creation of a blockchain-based digital cash settlement system. Thus, driving the blockchain IoT market revenue. Market CAGR for blockchain IoT is driven by the rising concern regarding IoT security. Due to the expansion of internet services, the Internet of Things technology is now widely employed. According to "The Mobile Economy 2020" by the GSM Association, 25 billion internet-connected devices will be worldwide in 2025, up from 12 billion in 2019. Additionally, the risk of cyber threats has increased due to the growing use of online services. According to a report from 2020, around 67% of businesses have experienced cybersecurity risks, and employees carry out 34% of cybercrimes. However, because of its decentralization and emphasis on peer-to-peer networks, blockchain technology will increase the security of IoT applications.

This report presents a comprehensive overview, market shares, and growth opportunities of IoT Agriculture market by product type, application, key players and key regions and countries.

Segmentation by Type:
Software System
Sensing and Monitoring Systems
Fish Farming Systems
Smart Greenhouse Systems
Livestock Monitoring Systems
Automation and Control Systems Services
Others

Segmentation by Application:
Livestock Monitoring
Precision Crop Farming
Indoor Farming Aquaculture
Integrated Pest Management
Water Supply Management
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Software System
Sensing and Monitoring Systems
Fish Farming Systems
Smart Greenhouse Systems
Livestock Monitoring Systems
Automation and Control Systems Services
Others

Segmentation by Application:
Livestock Monitoring
Precision Crop Farming
Indoor Farming Aquaculture
Integrated Pest Management
Water Supply Management
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Trimble Inc.
Eruvaka Technologies
Raven Industries
Dickey John
Descartes Labs
AKVA group
InnovaSea Systems
John Deere
AgLeader Technology
Semios
Bayer
AGCO
PrecisionHawk
Hortau
Topcon Positioning Systems
Hexagon Agriculture
Pessl Instruments
CropX
Arable Labs

Please note: The report will take approximately 2 business days to prepare and deliver.