Agriculture Gateway Market Forecasts to 2030 – Global Analysis By Product Type (Hardware, Software and Service), Technology, Deployment Mode, Connectivity, Application, End User and By Geography

Agriculture Gateway Market Forecasts to 2030 – Global Analysis By Product Type (Hardware, Software and Service), Technology, Deployment Mode, Connectivity, Application, End User and By Geography

According to Stratistics MRC, the Global Agriculture Gateway Market is accounted for $2.69 billion in 2024 and is expected to reach $5.43 billion by 2030 growing at a CAGR of 12.4% during the forecast period. An agriculture gateway is a technical interface that makes it easier for different agricultural systems, apps, and equipment to communicate and share data. These gateways are essential to precision farming because they allow farmers to track livestock data, soil conditions, and crop health in real time. Agriculture gateways facilitate better decision-making, resource management, and farming methods by combining sensors, hardware, and software.

According to the National Farmers' Union of the United Kingdom, as much as USD 73 million of food has been wasted on farms due to a labor shortage, with at least USD 27 million of fruit and vegetables wasted by the half-year of 2022. According to the National Farmers' Union Survey conducted in 2022, 40% of respondents to a survey of its members indicated they had crop losses due to labor shortages, with farms falling 14% short of the staff they need on average.

Market Dynamics:

Driver:

Increasing adoption of IoT in agriculture

IoT's growing use in agriculture is revolutionizing the Agriculture Gateway industry by increasing production and efficiency. Real-time monitoring of crop health, soil conditions, and environmental elements is made possible by IoT technology including sensors, drones, and automated systems. Precision farming is made possible by this data-driven strategy, which enables farmers to make well-informed choices about pest management, fertilization, and irrigation. IoT integration in agricultural processes is becoming crucial for satisfying the world's expanding food demands as farmers look for creative methods to improve sustainability and operational efficiency.

Restraint:

Data privacy and security concerns

The Agriculture Gateway market is greatly impacted by data privacy and security issues because the use of IoT technologies in farming necessitates the gathering and sharing of private information. Crop yields, financial information, and personal information are among the data that farmers are concerned over being accessed without authorization. Financial losses and a decline in confidence in these technologies can result from breaches or improper treatment of this data. Strong cyber security protections and open data management procedures must be given top priority by businesses in order to build trust and promote broad adoption, as the absence of standardized security rules across devices can also make vulnerabilities worse.

Opportunity:

Government support and initiatives

Government programs and assistance are essential to the growth of the Agriculture Gateway sector. A number of initiatives, such the National Agriculture Market (e-NAM), which makes it easier for farmers to transact online, are designed to increase agricultural productivity and marketing effectiveness. In order to increase collective bargaining power, the government also encourages the establishment of Farmer Producer Organizations (FPOs). Financial aid is also available for the building of post-harvest infrastructure through programs like the Agriculture Infrastructure Fund. In the end, these initiatives promote innovation and sustainability in the agriculture industry by enhancing farmers' access to markets and promoting the uptake of digital technologies.

Threat:

Lack of technical expertise

The lack of technical knowledge among farmers, particularly in rural areas, is a problem for the Agriculture Gateway market. This lack of knowledge can impede innovation and result in underuse of the technologies that are currently accessible. Users without technical expertise may become overwhelmed by the intricacy of understanding data and integrating systems. This shortcoming may impede the market's overall expansion, affecting farming operations' efficiency and production.

Covid-19 Impact

The Agriculture Gateway industry was greatly damaged by the COVID-19 outbreak because it changed customer behaviour and disrupted supply chains. Production and processing operations were hindered by manpower shortages brought on by lockdowns and limitations on transportation, which especially affected seasonal agricultural employment. Farmers also experienced financial difficulty as a result of market closures and decreased demand from the food service industries, which resulted in lower pricing and wasted produce. On the other hand, as farmers looked for creative ways to communicate with customers and run their businesses from a distance, the crisis hastened the adoption of digital solutions. In the long run, this move toward technology adoption is probably going to change the market environment.

The bluetooth segment is expected to be the largest during the forecast period

The bluetooth segment is estimated to be the largest, because it allows devices and sensors on farms to communicate seamlessly for the purpose of gathering and transmitting data. It provides affordability, low power consumption, and simplicity of use. The significance of Bluetooth in the agriculture gateway market is anticipated to increase as more agricultural sensors and equipment acquire this feature. Improvements in Bluetooth low energy (BLE) technology, which provide increased range, dependability, and power efficiency, further increase its applicability for agricultural applications.

The precision farming segment is expected to have the highest CAGR during the forecast period

The precision farming segment is anticipated to witness the highest CAGR during the forecast period. Population expansion, government programs, technical developments, and sustainable farming methods are the main drivers. Techniques to maximize crop yields and optimize resource utilization are being adopted by farmers. Real-time monitoring is made possible by IoT, GPS, and data analytics, which increases farming's productivity. This trend is further reinforced by government investments and activities. Farmers are also motivated by population growth to increase output while reducing their negative effects on the environment.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period as a result of clever farming techniques and technology improvements. Farmers are integrating IoT technology for better productivity and resource management due to concerns about sustainable practices and food security. Access to cutting-edge agricultural technologies is being made easier and innovation is being encouraged by government programs and investments in agritech infrastructure. The need for effective farming solutions is further increased by the region's expanding population.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, owing to the increasing need for IoT solutions, sustainable agriculture programs, and precision agriculture technologies. The government's support for smart farming and the region's emphasis on innovation and technology adoption are fuelling market expansion. With significant agritech investment and strong infrastructure, North America can take advantage of gateways to advanced agriculture to alleviate labour shortages and enhance resource management.

Key players in the market

Some of the key players profiled in the Agriculture Gateway Market include Raven Industries, Trimble, John Deere, CNH Industrial, AGCO, Kinze Manufacturing, Lindsay Corporation, AgJunction, Topcon Positioning Systems, Veris Technologies, AgriData, Flurosat, Climate Corporation, Granular, The Weather Company, Farmers Business Network, PrecisionHawk, DroneDeploy, Taranis, and Sentera.

Key Developments:

In April 2024, AGCO introduced a new line of smart farming equipment designed to integrate seamlessly with their existing products, enhancing precision farming capabilitie

In March 2024, Trimble launched an enhanced suite of precision agriculture tools that integrate IoT technologies for improved farm management and data analysis. This includes new features for crop monitoring and resource optimization

In February 2024, Flurosat unveiled an AI-based solution aimed at monitoring crop health in real time, allowing farmers to make data-driven decisions about crop management.

Product Types Covered:
• Hardware
• Software
• Service

Technologies Covered:
• Bluetooth
• Cellular (3G/4G/5G)
• Wi-Fi
• LoRaWAN
• Satellite

Deployment Modes Covered:
• On-Premises
• Cloud-Based

Connectivities Covered:
• Wired
• Wireless

Applications Covered:
• Precision Farming
• Livestock Monitoring
• Greenhouse Automation
• Water and Irrigation Management
• Farm Management
• Other Applications

End Users Covered:
• Agricultural Cooperatives
• Farmers
• Agribusinesses
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements