IoT in Agriculture Market, Size Receives a Rapid Boost in Economy due to High Emerging Demands by Scenario Forecast Till 2027 | Market Research Future

0
0

Market Overview

The technology of the Internet of Things has evolved into a massive technology portfolio that extends even to the agriculture sector. The growing demand for food resources to stave off world hunger and increased population has made the use of technology a necessity in the agricultural sector. Agricultural IOT is a primary sector of IOT applications that support agricultural operations and productivity. The sector of Agricultural IOT applications has gradually expanded over the last decade. In the year 2017, the sector was valued at $ 16,330 million in USD. The use of technology has increased, and the IoT in Agriculture Market will grow further in the forecast period. 

The IoT in Agriculture Market has been expanding with the introduction of advanced IoT tools, systems, and solutions to be implemented on large-scale farms. IoT empowered solutions are used to achieve many purposes in the agricultural field. For example, IOT devices help in maximizing yield and minimizing wastes generated from the field. IOT powered solutions are therefore very crucial for modern sustainable agriculture. IOT solutions help in the improvement of crop yield and productivity, bringing a streamlined structure to agricultural operations. IOT empowered agricultural devices to take up multiple responsibilities such as data collection, storage, and analysis for the improvement of the workflow of the agricultural field. 

The market has also expanded to diverse applications like precision farming and livestock farming. Crop management and smart greenhouse maintenance also require the use of IoT devices. The judicious use of IOT devices in the sector can help in the optimization of quantity and quality of the crop yield and also manage land use sustainably. The extent of arable land is not increasing but decreasing with time. Therefore, it is important to manage global agricultural yield with the help of IOT devices and other technical capabilities. The IoT in Agriculture Market will grow at a double-digit growth rate of 14.7 percent in the upcoming years. 

Segmental Analysis 

The IoT in Agriculture Market has been divided into industrial segments based on different criteria. For example, the market divides into sectors based on hardware type, farm application area type, and Crop production planning stage. The regional segmentation of the market is explained in the upcoming segment. The industrial segment analysis shows the application trends and areas of use for the devices. 

 

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8476

 

Detailed Regional Analysis 

The market is based in different regions of the world that collectively make up the global business chain. The key stakeholders are dispersed over different regions of the world. For example, the stakeholders are present in the primary regional markets of Asia Pacific, the European region, North America, South America, the Middle East, and Africa. The leading regional market by revenue share in the Asia Pacific region. Other regional markets will also make significant contributions to the global revenue makeup in the coming years. 

 

Competitive Analysis

The currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth. The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market. The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead. Advances in production style and technologies are estimated to gain precedence in the coming years as areas of innovation. The support provided by regulations is estimated to stave off the effects of the downturn considerably in the coming period. Current disequilibrium in the market forces has led to the market players adopting a more cautious approach to growth and development strategies. The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period. 

The central companies in the IoT in the agriculture market  are Dickey John (US), Cainthus (Ireland), Descartes Labs (US), Raven Industries (US), CropIn (US), Trimble Inc. (US), Scicrop (Brazil), Precisionhawk Inc. (US), Shivrai Technologies Pvt. Ltd (India), Proagrica (US), AG Leader Technology (US), Deere & Company (US), Rapidsoft Technologies Pvt. Ltd (US),IBM Corporation (US), Hexagon Agriculture (Sweden), DuPont Pioneer (US), Tigercat (US), Tree Metrics (Ireland), Decisive Farming (Canada), Topcon Corporation (Japan), Autonomous Tractor Corporation (US), Sky (Canada), Grownetics (US), Nileworks Inc. (Japan), and Gamaya (Switzerland).

Industry news 

There are many recent developments in the IoT in Agriculture Market that is noteworthy. Many leading companies in the sector are introducing new technology applications that will help farmers around the world. For example, Raven Industries introduced the first driverless technology-powered machine for agricultural use recently. 

 

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/iot-agriculture-market-8476

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

Similar Report:

Application Management Services Market: By Service-Type (System Integration, Consulting Services, Modernization Services, And Others), By Organization Size, By Deployment, And By End-Users

Open Source Intelligence (OSINT) Market: By Security Type (Human Intelligence, Content Intelligence, Dark Web Analysis, Link/Network Analysis, Data Analytics, Text Analytics, Artificial Intelligence, Big Data, Others), Technology (Bid Data Software, Video Analytics, Text Analytics, Visualization Tool, Cyber Security, Web Analysis, Social Media Analysis, Others), Application (Military & Defense, Homeland Security, Private Sector, Public Sector, National Security, Others)

 

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

#market #research #industry #growth

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.