The global IoT in agriculture market size is expected to reach USD 30.8 billion by 2028, registering a CAGR of 10.6% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are the growing demand for agricultural output, increasing penetration of Internet of Things (IoT) & Artificial Intelligence (AI) technologies in the farming sector, and increasing government support for adoption of latest agricultural technologies along with growing focus on livestock monitoring to enhance efficiency in farming. The report is fabricated with thorough primary and secondary research and is updated with the latest and emerging market trends to offer the readers opportunities to capitalize on the current market environment. For a thorough analysis, the market has been segmented based on types and applications along with an extensive regional segmentation.
The report is further furnished with the COVID-19 crisis and offers a precise understanding of the current market scenario. The pandemic has disrupted the market dynamics and changed the patterns of consumer behavior and trends. The report further analyses the changes and offers a comprehensive assessment of the impact of the COVID-19 pandemic on the industry.
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The Sample Report includes an overview of the research report, TOC, List of Tables and Figures, Competitive Landscape and Regional Analysis, Product Innovation, and Technological Advancement, and Research Methodology.
The Global IoT in Agriculture Market research report covers extensive analysis of the competitive landscape, which offers the readers a comprehensive analysis of the latest market trends, technological developments in the sector, and beneficial market strategies. The report also covers the sales, demand and supply, cost analysis, and growth forecast of the industry. The key manufacturers profiled in the report are Deere & Company, Trimble, Raven Industries, AGCO Corporation (AGCO), AgJunction Inc. (AgJunction), DeLaval, GEA Farm Technology, Lely, Antelliq, AG Leader Technology (AG Leader), Tigercat, Ponsse, Komatsu Forest AB, Caterpillar, Treemetrics, Topcon Positioning Systems, and DICKEY-john Corporation. The report further offers insights into the strategic initiatives taken by the companies such as mergers & acquisitions, brand promotions, and product launches, technological advancements, product developments, advancements in the research and development sector, and government deals and funding.
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Offering Outlook (Revenue, USD Billion; 2018 – 2028)
Hardware, Software and Services.
Agriculture Type Outlook (Revenue, USD Billion; 2018 – 2028)
Precision Farming, Precision Forestry, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse and Others (Horticulture and orchids).
Application Outlook (Revenue, USD Billion; 2018 – 2028)
Precision Farming Applications, Precision Forestry Applications, Livestock Monitoring Applications, Fish Farm Monitoring Applications, Smart Greenhouse Applications and Other Applications (Horticulture and orchids applications).
For a detailed understanding of the competitive landscape, a thorough regional analysis covering North America, Europe, AsiaPacific, Latin America, and Middle East & Africa, is offered in the report. It studies the market size, market share, revenue contribution, production and consumption patterns, supply and demand ratio, import/export, and the operations of the key players operating in those regions. Furthermore, the report also covers a country-wise analysis of the industry.
Additionally, a thorough analysis of the prominent growth driving factors, restraining factors, limitations, opportunities, and growth prospects, as well as threats, is offered in the report. It also covers SWOT analysis and Porter’s Five Forces Analysis along with feasibility analysis and investment return analysis. The report also offers strategic recommendations to the new entrants in the industry and provides a thorough analysis of the entry-level barriers and opportunities in the industry.
Advantage of Buying this Report:
The report is furnished with an in-depth analysis of various segments of the market to offer the readers to formulate strategic growth plans and gain a robust footing in the market. Key strategies of the industry are covered in the report. The report is furnished with a thorough evaluation of the impact of these sustainable strategies on the IoT in Agriculture industry and offers a competitive edge to the established companies, manufacturers, and key vendors of the IoT in Agriculture market as well as to the new entrants gaining traction in the industry.
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