The global Internet of Things (IoT) in agriculture market size reached USD 11.20 Billion in 2021 and is expected to register a revenue CAGR of 11.4% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for IoT in agriculture owing to rising collaborations between farming equipment manufacturers and technology companies is driving market revenue growth.

Every object that can be controlled over the internet is an IoT device. With the introduction of wearables such as smartwatches and home management products such as Google Home, IoT devices have become extremely popular in consumer markets. This cutting-edge technology is now widely used in agricultural practices. The applications of IoT in farming are aimed at conventional farming operations in order to meet increasing demand and reduce production losses. 

The report studies the historical data of the IOT in Agriculture market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the IOT in Agriculture industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the IOT in Agriculture market.

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Some Key Highlights From the Report:

• Sensing and monitoring devices segment accounted for second-largest revenue share in 2021. Modern farming techniques such as precision farming, readily employs sensing technologies and monitoring devices to improve production. Sensing technologies generate actionable data that can be processed and implemented as needed to maximize crop yield while minimizing environmental impact. A variety of sensing technologies are used in agricultural practices to generate data that helps farmers monitor and optimize crops, as well as to adapt to changing environmental factors. These technologies include location sensors, optical sensors, electrochemical sensors, mechanical sensors, airflow sensors, agricultural weather sensors, and dielectric soil moisture sensors. The growing demand for sensing and monitoring devices is primarily owing to their effectiveness in field monitoring, yield mapping, salinity mapping, and guidance systems.
• Livestock monitoring segment accounted for moderate revenue share in 2021. Livestock monitoring allows farmers to track the health and vitality of their animals in real-time, allowing them to rapidly cure sick or diseased animals and avoid the spread of disease. It also allows for tracking of grazing animals in order to prevent them from getting lost and also to identify grazing patterns. Furthermore, livestock monitoring allows for the collection and analysis of historical data in order to spot patterns in animal health or follow the development of any disease. Furthermore, it keeps track of whether or not an animal is ready to mate or give birth, reducing the loss of new calves and improving breeding procedures.
• Market in North America accounted for largest revenue share in 2021. Increase in demand in this region is primarily owing to technological advancements such as drone systems for increasing farm output. The Department of Transportation (DOT) and the Federal Aviation Administration (FAA) have implemented favorable regulations to support commercial and small unmanned aerial systems by eliminating the need for pilot licenses, thereby encouraging advanced agricultural field monitoring systems. Furthermore, the US has a large customer base that comprises commercial farming companies that operate large farmlands across the country. This, along with the presence of adequate manufacturing companies, is responsible for increased demand for IoT in agriculture in the region.

The leading market contenders listed in the report are:

AGCO Corporation, Deere & Company, GEA Group Aktiengesellschaft, Trimble Inc., AgJunction Inc., Raven Industries, Inc., DeLaval, CropMetrics, Intervet Inc., and AKVA group

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Market Segmentations of the IoT in Agriculture Market

For this study, this report segments the global IoT in Agriculture market on the basis of product, application, and region:

Segments Covered in this report are:

• System Outlook (Revenue, USD Billion; 2019-2030)
  • Automation and Control Systems
  • Sensing and Monitoring Devices
  • Livestock Monitoring Hardware
  • Fish Farming Hardware
  • Smart Greenhouse Hardware
  • Software

• Application Outlook (Revenue, USD Billion; 2019-2030)
  • Livestock Monitoring
  • Smart Greenhouse
  • Precision Forestry
  • Fish Farm Monitoring
  • Precision Farming
  • Others

• Regional Outlook (Revenue, USD Billion; 2019–2030)
  • North America

1. US
2. Canada
3. Mexico

1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe

1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC

1. Brazil
2. Rest of LATAM

1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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Regional Outlook of the IoT in Agriculture Market

The global IoT in Agriculture market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global IoT in Agriculture market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key Points of the Geographical Analysis:

• Data and information related to the consumption rate in each region
• Estimated increase in the consumption rate
• Proposed growth of the market share of each region
• Geographical contribution to market revenue
• Expected growth rate of the regional markets

Key reasons to buy the Global IoT in Agriculture Market report:

1. The latest report comprehensively studies the global IoT in Agriculture market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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