IoT in Agriculture –Market Analysis and Forecast 2016-2024

Posted on 2018-10-26 by Goldstein Research in Agriculture, Technology // 0 Comments

New York, USA, 2018-Oct-26 — /EPR Network/ —

Application of robotics technology and GPS enabled devices in farming is revolutionizing the agriculture sector. In the U.S., over 80% of farmers have already adopted GPS technologies with computer imaging for agriculture machinery management and livestock monitoring. High adoption of connected solutions in farms is likely to fuel the expansion of IoT in agriculture market in upcoming 5-6 years. Global IoT in agriculture market is segmented based on components such as hardware, software and platform. Among these segments, hardware is the dominating segment owing to the increasing number of connected devices. Hardware for IoT in agriculture market accounted for 66% revenue share of global IoT in agriculture market in 2015. However, platform section is projected to experience notable growth due to rising R&D spending on implementation of IoT based solutions. Connectivity/M2M Platforms market is the dominating segment and valued USD 0.22 billion in 2016 and is anticipated to reach USD 1.63 billion by the end of 2024.

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Market Segmentation

Global IoT in Agriculture Market is categorized on the following basis:

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

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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Based on geography, Asia-Pacific region is the fastest growing region for IoT in agriculture market and is expected to witness remarkable growth owing to huge implementation of advanced technologies for agriculture in countries such as China, Vietnam, Japan and India. Asia-Pacific IoT in agriculture market valued USD 0.47 billion in 2016 and is expected to reach over USD 2.0 billion in 2024.

“Global IoT in Agriculture Market Outlook 2024” contains a detailed overview of the global IoT in agriculture market in terms of market segmentation by components.

Further, for the in-depth analysis, IoT in agriculture market research report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

This report also provides IOT in agriculture market size as well as competitive outlook of some of the major players of global IoT in agriculture market which includes profiling of companies 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. and Climate Corporation. 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, IoT in agriculture market report represents comprehensive synopsis on the global IoT in agriculture market trends 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.

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Market Segmentation

Based on Components

Based on Geography

About Goldstein Research

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