Global IoT in Agriculture Market to Grow at a CAGR of 28.30% During 2016-2024

New York, USA, 2018-Sep-29 — /EPR Network/ —According to Goldstein Research, global IoT in Agriculture market is expected to grow at a CAGR of 28.30% over the forecast period 2016-2024 from a market size of USD 4.40 billion in 2015. Implementation of precision agriculture technique and smart irrigation practices is driving the growth of the market. Moreover, the acquisitions and partnership agreements carried out between public and private sectors are swelling the investments for the adoption of the internet of things (IoT) in agriculture and technology-based agriculture projects. Global IoT in Agriculture market is largely dominated by North America and accounted for around 75% market share in 2015.

IoT in agriculture market size is expected to reach market size of USD 20.1 billion by 2024. Whereas, Europe IoT in agriculture market is anticipated grow at a notable CAGR of 7.50% over the forecast period, with Greece, Spain, Poland, France and Scotland being the top contributors in revenue.

Market Segmentation

Global IoT in Agriculture Market can be segmented as follows:

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

By Region

  • North America IoT In Agriculture Market Analysis, 2016-2024
  • Global IoT In Agriculture Market Analysis, 2016-2024
  • Middle East And Africa IoT In Agriculture Market Analysis, 2016-2024
  • Latin America IoT In Agriculture Market Analysis, 2016-2024
  • Asia Pacific IoT In Agriculture Market Analysis, 2016-2024
  • Rest Of The World IoT In Agriculture Market Analysis, 2016-2024

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 “Global IoT in Agriculture Market Outlook 2024” includes comprehensive overview of the global IoT in agriculture market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components and geography.

The Global IoT in Agriculture Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of IoT in agriculture market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Major players of the global IoT in agriculture market analyzed in the report are: 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,etc.

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Further, Global IoT in Agriculture Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The IoT in Agriculture Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

About Goldstein Research

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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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Browse Similar Report: Internet of Things (IoT) Market

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