Internet of Things (IoT) in Agriculture Global Market Report 2023

“Internet of Things (IoT) in Agriculture Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on internet of things (iot) in agriculture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for internet of things (iot) in agriculture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The internet of things (iot) in agriculture market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Small Farms; Mid-Sized; Large

• 2) By Component: Hardware; Software; Connectivity and Services

• 3) By Application: Livestock Monitoring; Smart Greenhouse; Precision Forestry; Fish Farm Monitoring; Other Applications

• Companies Mentioned: Trimble Inc.; Deere & Company; AGCO Corporation; Topcon Positioning Systems Inc.; The Climate Corporation

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the internet of things (iot) in agriculture market are Trimble Inc., Deere & Company, AGCO Corporation, Topcon Positioning Systems Inc., The Climate Corporation, AgJunction Inc., DeLaval, DICKEY-john, Gamaya, AgriData Incorporated, AgEagle Aerial Systems Inc., Aker Solutions, Grownetics Inc., Auroras s.r.l., Granular Inc., and Intervet Inc.

The global internet of things (IoT) in agriculture market is expected to grow from $12.38 billion in 2022 to $13.80 billion in 2023 at a compound annual growth rate (CAGR) of 11.54%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The internet of things (IoT) in agriculture market is expected to reach $20.32 billion in 2027 at a CAGR of 10.1%.

The IoT in the agriculture market consists of revenues earned by entities by providing IoT in the agriculture services such as crop monitoring, fertilizer management, irrigation management, pest management. The market value includes the value of related goods sold by the service provider or included within the service offering. The IoT in the agriculture market also includes sales of light intensity sensors, CO2 and O2 sensors which are used in providing IoT in the agriculture services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

IoT in the agriculture refers to the use of cameras, sensors, and other technologies to convert every aspect and action in farming into informed data. It enhances the overall agricultural system by continuously monitoring the field.

Asia-Pacific was the largest region in the internet of things (IoT) in agriculture market in 2022. The regions covered in Internet of Things (IoT) in agriculture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of Internet of Things (IoT) in agriculture are small farms, mid-sized farms, and large farms. Small farms refer to arable land that has an area that is not greater than what can be farmed without the permanent employment of non-family labor by the farmer controlling it. It is available in some components, such as hardware, software, and connectivity, and is used by many applications, including livestock monitoring, smart greenhouses, precision forestry, fish farms, and others.

The rise in food demand is significantly contributing to the growth of the Internet of Things (IoT) in the agriculture market going forward. Food demand refers to the consumer's desire to buy the food products, which is measured by the demand and consumption. The usage of the Internet of Things (IoT) in agriculture boosts agricultural productivity by measuring many data connected to agriculture such as weather conditions, soil quality, livestock health, crop growth progress, and more. Through this, Farmers can reduce the risk of production loss by spotting abnormalities in crop growth or animal health. Due to such benefits, there is a rise in demand for internet of things (IoT) in agriculture. For instance, in July 2021, according to a study published by Nature Food, an online journal that publishes research on food production, the demand for food is expected to grow by 35 percent to 56 percent between 2010 and 2050. Therefore, a rise in food demand will drive the Internet of Things (IoT) market in the agriculture market.

Technological advancement is the key trend gaining popularity in the Internet of Things (IoT) in the agriculture market. Major companies operating in the internet of things (IoT) in the agriculture market are focusing on integrating new technology into precision farming and adding more applications of the internet of things (IoT) to agricultural activities. For instance, in December 2021, Zyter, Inc., a US-based digital health and IoT-enablement company, launched Zyter Smart Agriculture, a new Internet of Things (IoT) technology that runs on the Zyter SmartSpacesTM platform. Zyter's solution gives farmers and agronomists a comprehensive virtual perspective of the farm ecosystem by leveraging data from IoT sensors and AI technologies, with a focus on automating and optimising basic crop management methods to generate more sustainable precision agriculture. Zyter Smart Agriculture collects data on soil and atmospheric conditions using an IoT sensor network buried in the ground and strategically placed around the farm.

In November 2021, CNH Industrial N.V., a UK-based agricultural machinery company, acquired Raven Industries, Inc. for an undisclosed amount. The acquisition adds strong innovation capabilities to accelerate CNH's precision farming and IoT agriculture strategies. Raven Industries, Inc. is a US-based precision agriculture technology company.

The countries covered in the Internet of Things (IoT) in agriculture market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The Internet of Things (IoT) in agriculture market research report is one of a series of new reports from The Business Research Company that provides Internet of Things (IoT) in agriculture market statistics, including Internet of Things (IoT) in agriculture industry global market size, regional shares, competitors with a Internet of Things (IoT) in agriculture market share, detailed Internet of Things (IoT) in agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the Internet of Things (IoT) in agriculture industry. This Internet of Things (IoT) in agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.