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Agriculture IoT refers to the application of modern IoT technologies to the agricultural industry. This innovative approach entails incorporating various IoT devices, such as sensors, drones, GPS systems, and other connected equipment that can collect and transmit data regarding crop health, soil conditions, weather patterns, and livestock. The agriculture Internet of Things (IoT) market comprises devices and solutions that harness the power of connected sensors, actuators, and other devices to optimize farming practices. The rising demand for agricultural production owing to the increasing population and increased approach of precision agriculture techniques to farming are driving the market growth. Moreover, a focus on livestock monitoring and disease detection in plants to improve farming efficiency also fuels market development. The lack of skilled farmers for implementing IoT in agriculture and the risk associated with the data security of IoT can limit market growth. Government initiatives for encouraging modernized farming techniques, along with technological advancements and rising investments in IoT, are expected to create expansion opportunities.
Regional Insights
In the Americas, demand for Agriculture IoT solutions is largely driven by the push for increased efficiency and productivity on large-scale farms. The adoption of precision farming, which leverages data collection and analysis for decision-making, has gained significant traction, particularly in the United States, Canada, and Brazil. Government support through subsidies and grants and collaboration between tech firms and agricultural companies play crucial roles in driving the market forward. The Asia-Pacific region is witnessing a rapid boost in the demand for Agriculture IoT, driven by a growing population and the need for enhanced food security. Countries such as China, India, and Australia are investing heavily in smart farming technologies to modernize their agricultural sectors. Constraints such as limited arable land and water scarcity have led to adopting technologies for precise irrigation and monitoring. Government initiatives also promote deploying smart agricultural practices to boost productivity and support small to medium-sized farmholders. In the EMEA region, Europe stands out as an early adopter of IoT in agriculture with a substantial focus on sustainability and animal welfare. The European Union supports the transition to smart agriculture through research funding and policy frameworks. In the Middle East, adoption is driven by the necessity to tackle extreme weather conditions and water scarcity, leading to an interest in precision agriculture and greenhouses. While still at nascent stages, Africa is showing potential for IoT to leapfrog traditional agricultural practices, guided by mobile technology proliferation and external investments.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Agriculture IoT Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Agriculture IoT Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Agriculture IoT Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, AGCO Corporation, AgriData Incorporated, Aker Technologies, Arable, Azotic Technologies, Bright Wolf by Cognizant, Ceres Imaging, Inc., Deere & Company, Delaval, Inc., DroneDeploy, Inc., ECF Farmsystems, Farmers Edge, Inc., Flux Farm, Inc., Gamamya S.A., GEA Group Aktiengesellschaft, Hexagon AB, Hitachi, Ltd., International Business Management Corporation, Kubota Corp., Merck and Co. Inc., Ponsse Oyj, Raven Industries, Inc., SemiosBio Technologies Inc., SlantRange, Inc., SZ DJI Technology Co., Ltd., Topcon Positioning Systems, Inc., and Zyter, Inc.Market Segmentation & Coverage
This research report categorizes the Agriculture IoT Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Hardware
- Fish Farm Monitoring Hardware
- Livestock Monitoring Hardware
- Precision Farming & Forestry Hardware
- Smart Greenhouse Hardware
- Services
- Software
- Hardware
- Application
- Fish Farm Monitoring Application
- Feeding Management
- Fish Tracking & Fleet Navigation
- Water Quality Management
- Livestock Monitoring Application
- Animal Comfort Management
- Animal Feeding Management
- Behavior Monitoring & Management
- Breeding Management
- Heat Stress Management
- Milk Harvesting Management
- Precision Farming Application
- Crop Scouting
- Farm Labor Management
- Farm Yield Monitoring
- Field Mapping
- Financial Management
- Inventory Management
- Irrigation Management
- Weather Tracking & Forecasting
- Precision Forestry Application
- Genetics & Nursery
- Harvesting Management
- Inventory & Logistics Management
- Silviculture & Fire Management
- Smart Greenhouse Application
- HVAC Management
- Water & Fertilizer Management
- Yield Monitoring
- Fish Farm Monitoring Application
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Agriculture IoT Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Agriculture IoT Market?
- What are the technology trends and regulatory frameworks in the Agriculture IoT Market?
- What is the market share of the leading vendors in the Agriculture IoT Market?
- Which modes and strategic moves are suitable for entering the Agriculture IoT Market?
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Table of Contents
Companies Mentioned
- Accenture PLC
- AGCO Corporation
- AgriData Incorporated
- Aker Technologies
- Arable
- Azotic Technologies
- Bright Wolf by Cognizant
- Ceres Imaging, Inc.
- Deere & Company
- Delaval, Inc.
- DroneDeploy, Inc.
- ECF Farmsystems
- Farmers Edge, Inc.
- Flux Farm, Inc.
- Gamamya S.A.
- GEA Group Aktiengesellschaft
- Hexagon AB
- Hitachi, Ltd.
- International Business Management Corporation
- Kubota Corp.
- Merck and Co. Inc.
- Ponsse Oyj
- Raven Industries, Inc.
- SemiosBio Technologies Inc.
- SlantRange, Inc.
- SZ DJI Technology Co., Ltd.
- Topcon Positioning Systems, Inc.
- Zyter, Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 185 |
Published | March 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 12.33 Billion |
Forecasted Market Value ( USD | $ 31.03 Billion |
Compound Annual Growth Rate | 13.8% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |