Agriculture is one the most important activities in most of the countries across the globe. It has evolved from manual to a technology-based occupation in every aspect. The agriculture industry is open to technical driven innovation and adoption of internet of things (IoT) for further development of the sector by using information from weather stations, sensors, and other machinery. Internet of things (IoT) can gather, use, and analyze vast amount of data that is used as an input for various algorithm-based outputs on the field for decision making. The data is used to help autonomous machines or humans to take accurate decisions to revolutionize the farming sector and deliver return on investment and tangible benefits to farmers. The primary focus of IoT is to reduce cost, save time, and decrease wastage of power. In addition, IoT in agriculture provides benefits in areas such as health, safety, welfare, sustainability, and nutrition. The application of IoT in agriculture is increasing rapidly, that includes various applications such as livestock & plant disease monitoring, yield measurement, soil conditioning, quota systems, remote machine control, mobile platform controller, computer platform controller, greenhouse management, and livestock monitoring.
The application of IoT in precision farming, livestock monitoring, smart greenhouse, and fish farm monitoring has helped increase production and generate higher returns.For implying IoT to a farm land they need to have sensor networks, data analytics software, machine to machine communication, management system, and mobile or computer-based application. The complete tools of farm management coupled with information technology offer features such as critical decision capabilities that help take critical decisions at the appropriate time.
Major Key Players of the Internet of Things (IOT) in Agriculture Market are:
Deere & Company, Trimble Inc., Cisco Systems, Inc., AKVA group, Ag Leader Technology, Decisive Farming, Telit, AllflexUSA Inc., OnFarmSystems Inc., SmartcultivaCorporation, among others.
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The global IoT in agriculture market is expected to witness significant growth owing to increase in global population coupled with rise in demand for food. In addition, climate change hampers agricultural production, which is expected to fuel the growth of IoT-based technology solutions in the agriculture sector. IoT-based technology is expected to increase productivity and improve efficiency of the field equipment, which further boost the market growth. Moreover, additional benefits of IoT in agriculture such as water conservation, and reduced wastage of fuel are expected to drive the IoT in agriculture market during the forecast period. However, high capital investment to develop the existing infrastructure and setup IoT in the agriculture ecosystem is a challenge for farmers across developing economies such as India, China, and Brazil.
Nevertheless, increased number of smartphones and internet penetration provide up-to-date information and latest developments in the agriculture sector to the farmers. Also, these resources are available in various local languages, which is expected to boost their market growth during the forecast period. In addition, increase in public-private partnership between the government agriculture department and state-owned enterprises to promote growth of sustainable agriculture by adoption of IoT is further expected to fuel the growth of the global IoT in agriculture market during the forecast period.
Major Applications of Internet of Things (IOT) in Agriculture Market covered are:
Fish Farm Monitoring
– To study and analyze the global Internet of Things (IOT) in Agriculture consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Internet of Things (IOT) in Agriculture market by identifying its various sub-segments.
– Focuses on the key global Internet of Things (IOT) in Agriculture manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Internet of Things (IOT) in Agriculture with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Internet of Things (IOT) in Agriculture Market Size
2.2 Internet of Things (IOT) in Agriculture Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Internet of Things (IOT) in Agriculture Market Size by Manufacturers
3.2 Internet of Things (IOT) in Agriculture Key Players Head office and Area Served
3.3 Key Players Internet of Things (IOT) in Agriculture Product/Solution/Service
3.4 Date of Enter into Internet of Things (IOT) in Agriculture Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Internet of Things (IOT) in Agriculture Sales by Product
4.2 Global Internet of Things (IOT) in Agriculture Revenue by Product
4.3 Internet of Things (IOT) in Agriculture Price by Product
5 Breakdown Data by End User
5.2 Global Internet of Things (IOT) in Agriculture Breakdown Data by End User
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In the end, Internet of Things (IOT) in Agriculture industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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