Internet of Things (IoT) in agriculture market is expected to explode over the period 2016-2024

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Report Code AFT1008
Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity and Demand
Analysis, Market Forecast, 2016-2024
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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis
Global Internet of Things (IoT) in Agriculture
Market Outlook As per Food and Agriculture
Organization of the United Nations, over 800
million population of world are chronically
undernourished and suffer due to scarcity of
food. Climatic changes, scarcity of water and
severe weather condition negatively impacts the
agricultural production. As per United Nations,
agricultural production must be increased by 50
by 2050 so that worldwide food demand will be
fulfilled. Rising internet penetration and
adoption of technology driven solutions are
expected to bring prosperous growth for
agriculture industry. Government is also actively
initiating projects and activities to create
awareness and to improve the agricultural
development. For instance, European Union has
invested over USD 26 billion for rural
development and implementation of modernized
farming under 7 years plan. In 2017, with an
investment of USD 35.4 million, European
Commission introduced a project Internet of Food
Farm 2020 (IoF2020). This project aimed for
innovative research and implementation of IoT
based solutions to improve agricultural
production in the region. Acquisitions and
partnerships between public and private sector
are promoting investment for implementation of
internet of things (IoT) in agriculture and
technology based agriculture projects. For
instance, in 2016, European Union invested around
USD 100 billion for rural development of Europe
region and improvement of agricultural
technology. Moreover, the U.S. Federal government
invested over USD 500 million on sensors to
introduce GPS-guided agricultural devices for
planting and harvesting crops. Such agriculture
projects are likely to enhance the adoption rate
of connected technologies by farmers in
agriculture industry.
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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis

• Market Segmentation
• Based on Components
• Hardware
• Drones
• Sensors
• RFID Tags
• Others(Transmitters, Sprinklers)
• Software
• Data Management Software
• Network Management Software
• Security Software
• Remote Monitoring Software
• Real Time Streaming Analysis Software
• Platforms
• Connectivity/M2M Platforms
• Infrastructure-as-a-Service (IaaS) Backend
  Platforms
• Hardware specific software Platforms
• Consumer/Enterprise Software Extension Platforms

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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis

• Based on Geography
• North America (U.S. Canada) Market Size (USD
  Billion), Growth Analysis () and Adoption Rate
  ()
• Latin America (Brazil, Mexico Rest of Latin
  America) Market Size (USD Billion), Growth
  Analysis () and Adoption Rate ()
• Europe (The U.K., Germany, France, Italy, Spain,
  Poland, Sweden RoE) Market Size (USD Billion),
  Growth Analysis () and Adoption Rate ()
• Asia-Pacific (China, India, Japan, Singapore,
  South Korea, Australia, New Zealand, Rest of
  Asia) Market Size (USD Billion), Growth Analysis
  () and Adoption Rate ()
• Middle East Africa (GCC, South Africa, North
  Africa, RoMEA) Market Size (USD Billion), Growth
  Analysis () and Adoption Rate ()
• Rest of World Market Size (USD Billion), Growth
  Analysis () and Adoption Rate ()

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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis
Market Size and Forecast (2016-2024) Growing
demand for advanced agricultural techniques is
supporting adoption of IoT in agriculture. The
global IoT in agriculture market valued USD 4.40
billion in 2015 and is projected to grow at CAGR
of 28.30 during the forecast period. North
America is the dominating region for IoT in
agriculture market and accounted for around 75
market share in 2015. Leading U.S. based tech
giants invested over USD 10 billion into farm
business network to expand their product
portfolio in North America region. North America
IoT in agriculture market value is expected reach
USD 20.1 billion by 2024.
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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis
Global IoT in Agriculture Market Outlook
includes competitive of various major players
such as IBM Corporation, ThingWorx , John Deere
Company, Qualcomm Flight Platform, Agribiotix,
Deepfield Robotics (Bosch), Topcon Positioning
Systems, Inc., Raven Industries, Inc., SemiosBio
Technologies Inc., AGCO Corporation, CNH
Industrial, Lindsay Corporation, Trimble
Navigation Ltd., Cisco Systems, Leica Geosystems,
Trackit, Euravka, FluxFarm Inc., Climate
Corporation and others. The company profiles
include business strategy, geographical revenue
distribution, major information of the companies
which encompasses business outlook, products,
services and industries catered, financial
analysis of the company and recent developments.
Overall, the report represents comprehensive
synopsis on the global IoT in agriculture market
that will help industry consultants, equipment
manufacturers, existing players searching for
expansion opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Further, for the in-depth analysis, the
report encompasses the industry growth drivers,
market challenges, risk analysis, market
attractiveness, BPS (Base Point Sacle) analysis,
Porters five force model and SWOT analysis.
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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis

• Scope Background
•  Market Synopsis
•  
• Market Segmentation
•  
• The Global IoT in Agriculture Market is segmented
  as follows
• By Hardware (Market Size, Demand Analysis and
  Growth Analysis)
• By Software (Market Size, Demand Analysis and
  Growth Analysis)
• By Platforms (Market Size, Demand Analysis and
  Growth Analysis)
•  
• By Regions
• North America (U.S., Canada) Market Size, Growth
  Analysis and Opportunity Analysis
• Latin America (Argentina, Mexico, Brazil and Rest
  of Latin America) Market Size, Growth Analysis
  and Opportunity Analysis
• Europe (Germany, Italy, Spain, France, The U.K.,
  Netherlands, Sweden, Hungary, Russia, Poland,
  Rest of Europe) Market Size, Growth Analysis and
  Opportunity Analysis
• Asia-Pacific (China, India, Singapore, Japan,
  Hong-Kong, Australia, New Zealand, South Korea
  and Rest of Asia Pacific) Market Size, Growth
  Analysis and Opportunity Analysis
• Middle East and North Africa (MENA) Market Size,
  Growth Analysis and Opportunity Analysis
• Rest of World Market Size, Growth Analysis and
  Opportunity Analysis

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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis

• Market Dynamics Growth Drivers, Restraints and
  Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
• Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
• Porters Five Force Model
• Market Landscape Competition and Beyond
• Market outlook for business players and entry
  level players to ascertain their business in
  dynamic ecosystem
• Expert Analysis
• Concluding Remarks

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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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Internet of Things (IoT) in Agriculture Market
Outlook 2024 Global Opportunity Demand Analysis
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