Global Internet of Things (IoT) Agriculture Market

Global Internet of Things (IoT) Agriculture Market As per the study, Agriculture Internet of Things will increase the food production by 70% and would be feeding 9.6 billion people globally by the year 2050. Global Internet of Things (IoT) Agriculture market is forecasted to reach USD Billion in 2024 at a CAGR rate of 14.5% with 2016 as a base year.

Internet of Technology helps in increasing crop productivity by way of efficiently managing and controlling the farm activities. Agriculture Internet of Things ensures accurate and timely communication of real time data or information related to dynamic agricultural processes like plantation, harvesting and weather forecasts, soil quality, availability and cost of labour required to the farmers before-hand. Agriculture IoT is also laced with monitoring tool that is an ear tag for cattle’s that is capable of detecting respiratory diseases in them and in case of any alarming situation of disease detected it alerts the concerned authority so that the animal can be separated from the herd, preventing the disease from spreading.

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IoT and smart farming will change the way agricultural operations and farms are managed, which will bring various benefits to farming, including enhanced crop quality and quantity; improved use of resources and farm equipment; real-time monitoring of farms, animals, and machines; and automated irrigation systems, fertilizer spraying, and pest control.

Maximize Market Research has undertaken extensive research about the current Global IoT Agriculture Market outlook with respect to its usage in various arenas as well as the assuring future of the technology in those segments. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global IoT Agriculture Market. The driving forces as well as considerable restraints have been explained in depth. Report segments Global IoT Agriculture Market by Type, Component, Application and Regions, providing the comprehensive analysis of ecosystem of industry, which will be useful to take informed strategic decision to the stakeholders in the industry.

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Regionally, the global smart agriculture market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, the dominance was with the smart agriculture market in North America, which held over 40% of the overall market in 2016. The Asia Pacific smart agriculture market is estimated to rise at an influential rate. Countries such as India, China, and Australia with strong agriculture sector are expected to emerge at the fore of the regional market. China holds the leading share in the Asia Pacific smart agriculture market.

The scope of the Report:

Global Internet of Things (IoT) Agriculture Market, by Type: Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouses, Others
Global Internet of Things (IoT) Agriculture Market, by Component: Hardware, Software, and Services
Global Internet of Things (IoT) Agriculture Market, by Application: Precision Farming Application, Livestock Monitoring Application, Fish Farming Application, Smart Greenhouse Application, Others
Global Internet of Things (IoT) Agriculture Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Key Players

ACCENTURE
AGRIBIOTIX
CATTLE WATCH
CLIMATE CORPORATION
DECAGON
DEEPFIELD ROBOTICS (BOSCH)
DRONEDEPLOY
FARMERSEDGE
IBM
EURAVKA
FIELDSYNC
FLUXFARM INC.
JOHN DEERE
KAA OPEN SOURCE IOT PLATFORM
LIBELIUM
MTN
NWAVE
ONFARM
SLANTRANGE
TELIT
THINGWORX
TOPCON
QUALCOMM FLIGHT PLATFORM
RAVEN INDUSTRIES
SEMTECH
TRACKIT

Success Stories: Key Industry Players

COWLAR
HERDDOGG
HORTAU
FIELDIN
PYCNO
THE YIELD
AGROSMART
GROWNETICS
AMBER AGRICULTURE
SCICROP
MOTORLEAF

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sneha patil Joined: July 2nd, 2018