Global IoT Market in Smart Farming 2017-2021

  • ID: 4420451
  • Report
  • Region: Global
  • 86 pages
  • TechNavio
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FEATURED COMPANIES

  • Accenture
  • CEMA
  • IBM
  • Link Labs
  • Postscapes
  • Senix
  • MORE
About IoT Market in Smart Farming

Internet of things (IoT) refers to automated networks of computers, devices, and sensors that can process their own data. These Internet-connected systems gather data and communicate with external processes via onboard sensors, impacting businesses in every industry, including agriculture. The development in the technology of telecommunication devices and IoT, with the support of wireless sensors, is providing the growth momentum for the global IoT market in smart farming. The market is primarily growing in developed countries like the US, Japan, the UK and Germany due to limited farmlands and the need for maximum productivity. In developing countries like China, India, Indonesia, Malaysia, Australia, Brazil, Mexico, Poland, South Africa, and Spain, the market is expected to grow at a linear growth rate. IoT devices are being deployed in farm fields for monitoring the condition of moisture, weather, temperature, growth, and acidity. These devices and sensors are connected to the gateways, and the data is stored in the cloud and shared to the systems. The growth in cloud computing is expected to drive the market during the forecast period.

The analysts forecast the global IoT market in smart farming to grow at a CAGR of 10.94% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global IoT market in smart farming for 2017-2021. To calculate the market size, the report considers the sales and services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global IoT Market in Smart Farming 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cisco
  • IBM
  • KaaIoT Technologies
  • Oracle
  • Trimble
Other prominent vendors
  • Virtus Nutrition
  • ?John Deere
  • ?Precision Planting
  • Accenture
  • AGCO
  • Auroras
  • CEMA
  • DigiReach
  • Libelium
  • Link Labs
  • Mouser Electronics
  • Postscapes
  • Pycno
  • SemiosBio Technologies
  • Senix
  • Senseye
  • Sensolus
  • SmartFarming
  • Softweb Solutions
  • Solution Analysts
  • Topcon Positioning Systems
Market drivers
  • Reduction in cost of sensors
  • For a full, detailed list, view the full report
Market challenges
  • High initial capital cost for IoT integration in smart farming
  • For a full, detailed list, view the full report
Market trends
  • Big data in smart farming
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accenture
  • CEMA
  • IBM
  • Link Labs
  • Postscapes
  • Senix
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market overview
  • Global IoT market in smart farming by water supply management
  • Global IoT market in smart farming by precision agriculture
  • Global IoT market in smart farming by IPM/C
  • Global IoT market in smart farming by other applications
PART 07: MARKET SEGMENTATION BY PRODUCT
  • Market overview
  • Global IoT market in smart farming by hardware products
  • Global IoT market in smart farming by software products
  • Global IoT market in smart farming by services
PART 08: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast
  • APAC – Market size and forecast
  • EMEA – Market size and forecast
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Big data in smart farming
  • Predictive analytics in smart farming
  • Increasing smart farms in developing economies
PART 12: VENDOR LANDSCAPE
  • Competitive scenario
  • Other prominent vendors
PART 13: KEY VENDOR ANALYSIS
  • Cisco
  • IBM
  • KaaIoT Technologies
  • Oracle
  • Trimble
PART 14: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Market landscape
Exhibit 02: Important IoT solutions in smart farming
Exhibit 03: Global IoT market in smart farming 2016-2021 ($ billions)
Exhibit 04: Benefits of IoT in smart farming
Exhibit 05: Five forces analysis
Exhibit 06: Application segmentation of the global IoT market in smart farming in 2021 (% share)
Exhibit 07: Global IoT market in smart farming by water supply management 2016-2021 ($ billions)
Exhibit 08: Global IoT market in smart farming by precision agriculture 2016-2021 ($ billions)
Exhibit 09: Global IoT market in smart farming by IPM/C 2016-2021 ($ billions)
Exhibit 10: Operations of IPM/C
Exhibit 11: Global IoT market in smart farming by other applications 2016-2021 ($ billions)
Exhibit 12: Product segmentation of the global IoT market in smart farming in 2021 (% share)
Exhibit 13: Global IoT market in smart farming by hardware products 2016-2021 ($ billions)
Exhibit 14: Global IoT market in smart farming by software products 2016-2021 ($ billions)
Exhibit 15: Global IoT market in smart farming by services 2016-2021 ($ billions)
Exhibit 16: Geographical segmentation of global IoT market in smart farming 2016-2021 (% share)
Exhibit 17: Regional comparison
Exhibit 18: Americas – Market size and forecast 2016-2021 ($ billions)
Exhibit 19: Americas – Year-over-year growth 2017-2021
Exhibit 20: Top 3 countries in Americas
Exhibit 21: APAC – Market size and forecast 2016-2021 ($ billions)
Exhibit 22: APAC – Year-over-year growth 2017-2021
Exhibit 23: Top 3 countries in APAC
Exhibit 24: EMEA – Market size and forecast 2016-2021 ($ billions)
Exhibit 25: EMEA – Year-over-year growth 2017-2021
Exhibit 26: Top 3 countries in EMEA
Exhibit 27: Global population growth
Exhibit 28: Benefits of predictive analytics in smart farming
Exhibit 29: Other prominent vendors
Exhibit 30: Cisco Systems: Business segments
Exhibit 31: Cisco Systems: Products and Services portfolio
Exhibit 32: IBM: Product segments
Exhibit 33: IBM: Product portfolio
Exhibit 34: KaaIoT Technologies: Industry segments
Exhibit 35: KaaIoT Technologies: Products and services portfolio
Exhibit 36: Oracle: Product segments
Exhibit 37: Oracle: Product portfolio
Exhibit 38: Trimble: Product segments for agriculture industry
Exhibit 39: Trimble: Product portfolio
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FEATURED COMPANIES

  • Accenture
  • CEMA
  • IBM
  • Link Labs
  • Postscapes
  • Senix
  • MORE
New Report Released: – Global IoT Market in Smart Farming 2017-2021

The author of the report recognizes the following companies as the key players in the global IoT market in smart farming: Cisco, IBM, KaaIoT Technologies, Oracle, and Trimble

Other Prominent Vendors in the market are: Virtus Nutrition, John Deere, Precision Planting, Accenture, AGCO, Auroras, CEMA, DigiReach, Libelium, Link Labs, Mouser Electronics, Postscapes, Pycno, SemiosBio Technologies, Senix, Senseye, Sensolus, SmartFarming, Softweb Solutions, Solution Analysts, and Topcon Positioning Systems.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Big data in smart farming. Big data in smart farming is gaining growth momentum in the agricultural industry. The improvement in wireless in-field communication, functional safety, and repair and maintenance information in order to realize unified interfaces provides opportunities for the adoption of big data in smart farming techniques. Big data is one of the key data capturing tools for better control of data from agricultural operations. The data related to the environment, digital maps of land surfaces, farm management, and machine data collectively serves smart farming.”

According to the report, one of the major drivers for this market is Reduction in cost of sensors. The increase in the adoption of wired and wireless sensors in the market is mainly driven by the reduction in costs. The development of communication technologies like 4G also supports the adoption of sensors in smart farming practices. The installation cost is being reduced due to technological advances and easy assembling options provided by sensor manufactures. The cost of sensors has continued to reduce, which indicates that the competition is increasing and hardware providers are looking forward to offering low-cost sensors. The competitive scenario prevailing among the major manufacturers of sensors as well as service providers is increasing, which will have a positive impact to the increasing adoption of smart farming.

Further, the report states that one of the major factors hindering the growth of this market is High initial capital cost for IoT integration in smart farming. The global IoT market in smart farming is growing with the development of smart solutions. The high initial capital and other service costs that involve installation and maintenance of hardware and software can lead to slow growth in the adoption of IoT in smart farming. IoT integration costs are considerably high, and the installation requires a large initial one-time payment. The cost of implementation and services related to IoT systems is greater than the costs saved by using the technology. The cost of data analytics and other related services offered by start-ups as well as leading vendors is increasing. Companies and service providers generally add service charges that are not affordable by farmers; this will affect the investments by the farmers for the implementation of IoT in smart farming.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Cisco
  • IBM
  • KaaIoT Technologies
  • Oracle
  • Trimble
  • Virtus Nutrition
  • John Deere,?Precision Planting
  • Accenture
  • AGCO
  • Auroras
  • CEMA
  • DigiReach
  • Libelium
  • Link Labs
  • Mouser Electronics
  • Postscapes
  • Pycno
  • SemiosBio Technologies
  • Senix
  • Senseye
  • Sensolus
  • SmartFarming
  • Softweb Solutions
  • Solution Analysts
  • Topcon Positioning Systems
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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