Title: Global IoT In Agriculture Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2016-2024 (1)
1India IoT in Agriculture Market Outlook
India IoT in Agriculture Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
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2India IoT in Agriculture Market Size (USD
Billion)-2016-2024
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- India IoT in Agriculture Market is anticipated to
expand at a compound annual growth rate of XX
during the forecast period i.e. 2016-2024. There
are a myriad of benefits, as mentioned above,
such as cost, scale, and productivity, which are
driving the growth behind the increasing use of
IoT in Agriculture in IT infrastructure. - According to reports, India is expected to
capture XX share in the global Internet of
Things (IoT) market. India already has a strong
base in technology and the public-industry
partnership is bound to bring about a monumental
change. One of the most notable IoT initiatives
for India will be delivering health, education
and financial services to remote areas. Thereby,
building a bridge between rural and urban India
with IoT will be a landmark step in empowering
millions in rural India and tackling. - Technology giants such as Siemens, Toshiba,
Microsoft, Oracle, Hitachi, and Ericsson are
pumping funds and research teams into the
technology and looking forward to exploit
opportunities in India IoT market.
3India IoT in Agriculture Market Outlook
India IoT in Agriculture Market Share(), By
Region-2016-2024
India IoT in Agriculture Market Size USD
(Billion). 2016-2024
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In 2016, IoT Devices accounted for the highest
market share XX in India IoT in Agriculture
market
With XX share in 2016, Tier-I region dominated
the collective India IoT market
India IoT Market Share (), By End Users- 2016
India IoT in Agriculture Market Share (), By
Software-2016
India IoT in Agriculture Market Share(), By
Components-2016
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4India IoT in Agriculture Market Outlook
- In 2016, IoT devices dominated the market IoT
devices segment accounted for nearly XX of the
total IoT market and remaining XX went for
platforms and sensors actuators. The main
reason for this despaired share is due to the
rising demand for IoT market trend owing to the
ease of data management and real time monitoring. - However, as the internet related technology is on
rise (especially in developing countries), the
India IoT market is projected to reach USD XXXX
million in 2024 from USD XXXX million in 2016,
registering a growth rate of XX. In addition to
that, Tier-I cities of India IoT market touched
USD XXXX million in 2016 and rising demand for
IoT software and solutions in the region is
expected to accelerate the market to USD XXXX
billion by the end of 2024 - As a result, if seen from the big market point
of view, IoT devices demand is higher in
consumer electronics followed by other
transportation, manufacturing, energy, retail and
healthcare facilities. Moreover, the rising IT
expenditure in India on the back of new
industrial/commercial reforms and rising
investment in IT and AI sector is expected to
bolster the growth of IoT in India -
- With USD XXXX million in 2016, consumer
electronics has the highest demand followed by
manufacturing, transportation, energy, retail,
healthcare, education and agriculture sector. The
advancement in IoT devices are encouraging the
hospitals and logistics to adopt the advanced
devices to obtain accurate and robust data. The
precise data would further help the target user
to provide better facilities - Further, increasing spending by major technology
companies on research and development of
innovative and advanced IoT technology along with
rising internet penetration are some of the major
reasons behind the spiked growth of India IoT
market. - The global IoT in agriculture market size valued
USD 4.40 billion in 2015 and is projected to grow
at CAGR of 28.30 during the forecast period.
Growing IT Spending
Technological Advancements
Rising Adoption of Smartphone
Declining cost of sensors
Adoption Rate () of IoT Technology
North America
Europe
Asia-Pacific
XX
2016
XX
XX
2024
XX
XX
XX
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5IoT Startup Landscape in India
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City Wise Distribution of IoT Startups in India
Sector Wise Distribution of IoT Startups in India
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- Bengaluru ranked the highest with XXX startups
registered in the city. National Capital Region
(NCR) and Mumbai took the second and third spots,
respectively. Hyderabad and Pune took the fourth
and fifth spots, respectively. Among IoT
startups, no single vertical took a significant
chunk of the pie with companies well distributed
across segments such as healthcare, transport,
agritech, services, logistics. - With smart watches, smart glasses, smart cities,
smart infrastructure, wearable devices, consumers
are witnessing a phase of internet being extended
beyond desktops and mobile devices. Additionally,
the dropped cost of sensors, processing power and
bandwidth to connect devices are some of the
reasons that have spurred the widespread
deployment of IoT. - While larger corporations certainly see benefits
of IoT in Agriculture services, startups in
general tend to see the largest benefit, as
startups face financial clout and do not always
have the cash or resources to spend on physical
infrastructure. So, if startups are able to save
30 on IT resources, as was shown above, then it
can be a huge boon for them in launching their
products and being able to compete with larger
businesses.
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India IoT in Agriculture Market Share (), By
Components, 2016-2024
- Asia-Pacific IoT platform services market is
expected to expand at a CAGR of XX during the
forecast period i.e. 2016-2024. Modernization of
lifestyle and penetration of internet among the
population in India, China, Japan and other major
economies along with the rising awareness towards
IOT advantages are propelling the demand for IoT
Market - Advancement in every devices by implementing
internet of things and artificial intelligence
technologies tends to enhance the design and test
functionality of devices. Enhancement in design
and portability of IoT devices are driving the
growth of IoT market - IoT Platforms tends to dominate the market by XX
of market share owing to the mature market of the
IoT devices and increasing demand of advanced
solutions
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India IoT in Agriculture Market Y-O-Y Growth, By
Components, 2016-2024
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7India IoT in Agriculture Market Size (USD
Billion), By Services, 2016-2024
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- India IoT devices market was USD XX billion in
2016, expected to attain the growth rate of XX
over the forecast period and reach USD XX Billion
by 2024. - North America IoT devices market dominate owing
to the largest app developer economics closely
followed by Europe with XX market share in
global IoT services market. - Major drivers of IoT Devices market are internet
penetration, advanced IT system and awareness. -
- Managed IoT services are expected to see the
fastest growth, at a compounded annual rate
(CAGR) of XX per cent. Translating to USD XX
million of annual business for Indian companies.
Product engineering has the largest share of
Indian IoT services, with USD XX million business
in 2017. - LT Technologies, TATA Elxsi, Persistent Systems,
LT Infotech and Happiest Minds have moved
significantly over the past year in rankings
among Indian providers
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India IoT in Agriculture Market Y-O-Y Growth, By
Services, 2016-2024
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Workloads in Cloud
Enterprise Workloads in Cloud
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8India IoT in Agriculture Market Attractiveness-By
Mode of Deployment, 2016-2024
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CAGR ()
Market Size (USD Billion)
Source Goldstein Research
India Internet of Things (IoT) market is the
major revenue generated segment among the IoT
components. The rapid adoption of smart and
connectivity devices further makes this market
most attractive for the business players
followed by IoT actuators sensors market.
According to BPS analysis graph, IoT platform and
IoT actuators sensors market are expected to
rise by XX BPS XX BPS respectively. The rising
demand for sensors in manufacturing and consumer
electronics sector further creates huge
opportunities for the market players to increase
the demand for IoT components
India IoT in Agriculture Market BPS Analysis- By
Mode of Deployment, 2016-2024
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9Microsoft Corporation. (Company Overview
Business Strategy)
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Founded 1975
Website www.microsoft.com
Employees 114,000
Headquarters U.S
Company Overview
Major Products
Skype
Microsoft Azure
TechNet
Office
MSDN
Operating System
- Microsoft Corporation is an American
multinational technology company with
headquarters in Redmond, Washington. It develops,
manufactures, licenses, supports and sells
computer software, consumer electronics, personal
computers, and services - The Company is traded in NASDAQ stock exchange,
America - Geographically, Microsoft introduced its
internet of things (IoT) platform Indialy to
enhance the connectivity of devices to improve
business automation - Microsoft provides software solutions and
operating systems to various entities - Microsoft is one of the emerging large scale
industry in internet of things (IoT) with
advanced support services
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Business Strategy
- Acquisitions Research and Development The
company focuses on unveiling new product for
strengthening its product portfolio in software
industry by acquiring organizations of software
solutions. The company improving its artificial
intelligence segment to provide solutions
services across the globe to become a leader in
software industry. Microsoft collaborates with
many organizations to carry out new researches
and innovative technology such as internet of
things (IoT) to provide better and advanced
connectivity. Companys strategy is to build
best-in-class platforms and productivity services
for a mobile-first, cloud-first world. provide
enterprise-wide computing solutions and point
solutions with numerous commercial software
vendors that offer solutions and middleware
technology platforms, software applications for
connectivity (both Internet and intranet),
security, hosting, database, and e-business
servers.
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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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