Agriculture IoT Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Agriculture IoT is the adoption of modern technologies for cultivating sustainable farming practices for increasing farm productivity. Smart farming based on IoT includes multiple IoT sensors that can analyze and update themselves according to the working conditions in order to collect actual-time data generated in the product development phase. Therefore, increasing use of precision farming techniques and the growing adoption of IoT has boosted the demand for the agriculture IoT market.

MARKET DYNAMICS

The increasing use of precision farming techniques and the growing adoption of IoT is driving the growth of the agriculture IoT market. However, the lack of data privacy and security may restrain the growth of the agriculture IoT market. Furthermore, IoT services help in providing the right information on farming operations to improve the farmer's decision making capabilities is anticipated to create market opportunities for the agriculture IoT market during the forecast period.

MARKET SCOPE

The "Global Agriculture IoT Market Analysis To 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The agriculture IoT market report aims to provide an overview of the agriculture IoT market with detailed market segmentation by offering, agriculture type, and geography. The global agriculture IoT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading agriculture IoT market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global agriculture IoT market is segmented on the basis of offering and agriculture type. Based on offering, the agriculture IoT market is segmented into: hardware, software, and services. On the basis of agriculture type, the agriculture IoT market is segmented into: precision farming, precision forestry, livestock monitoring, fish farm monitoring, smart greenhouse, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global agriculture IoT market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The agriculture IoT market by each region is later sub-segmented by respective countries and segments. The agriculture IoT market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the agriculture IoT market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the agriculture IoT market in these regions.

MARKET PLAYERS

The reports cover key developments in the agriculture IoT market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from agriculture IoT market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the agriculture IoT market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the agriculture IoT market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Ag Leader Technology
  
•   AGCO Corporation
  
•   Deere & Company
  
•   DeLaval Inc.
  
•   eFarmer
  
•   emlix GmbH
  
•   Farmers Edge Inc.
  
•   PrecisionHawk, Inc.
  
•   Raven Industries, Inc.
  
•   Trimble Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Agriculture IoT Report Scope