Agriculture IoT Market Size is Projected to Reach USD 48,714 Million by 2025 - Valuates Reports

Agriculture IoT Market Size is Projected to Reach USD 48,714 Million by 2025 - Valuates Reports

PR Newswire

BANGALORE, India, July 17, 2020

BANGALORE, India, July 17, 2020 /PRNewswire/ -- Global Agriculture IoT Market size was valued at USD 16,330 Million in 2017 and is projected to reach USD 48,714 Million by 2025, growing at a CAGR of 14.7% from 2018 to 2025.

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In the agriculture industry, IoT incorporates advanced technological tools, systems, equipment, and solutions to enhance operational efficiency, maximize yield and minimize energy wastage through real-time field data collection, data storage, data analysis, and platform development.

One of the major factors that are expected to increase the Agriculture IoT Market size is the efforts of various governments of the countries across the globe to increase the quality and quantity of agriculture production. Shortages in skilled labour in advanced countries are pushing automation in the agriculture sector.

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Some of the Major Players Analyzed in the Global Agriculture IoT Market Report Include

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In 2019, the global Agriculture Analytics market size was USD 548.9 Million and it is expected to reach USD 1060.5 Million by the end of 2026, at a CAGR of 9.8% during 2021-2026.

The major drivers for the growth of Agriculture Analytics Market size are government measures to implement modern farming techniques, rising competition to meet global food demand and improving farm productivity.

The major vendors include Deere & Company, IBM, SAP SE, Trimble, Monsanto Company, Oracle, Accenture, Iteris, Taranis, Agribotix, Agrivi, DTN, aWhere, Granular, Proagrica, etc. This report focuses on the global Agriculture Analytics status, future forecast, growth opportunity, key market and key players.

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The scale of the IoT market in agriculture varies greatly across regions due to technological growth speed. In North America, a growing number of companies provide IoT solutions to improve agricultural production and maximize the advantages of incorporating emerging technologies, such as 5 G and cloud computing with IoT applications, which help streamline farming businesses.

The IoT in Smart Farming Market report includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry.

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The livestock monitoring market is anticipated to grow rapidly owing to the growing size of dairy farms, technological advancements and new product launches, and substantial cost savings associated with livestock monitoring management.

The Livestock Monitoring market is analyzed, and market size information is provided by regions (countries). This report also analyzes the impact of Coronavirus COVID-19 on the Livestock Monitoring industry.

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The global Smart Agriculture market size will reach USD 6385.13 Million in 2026, from USD 3428.48 Million in 2019, with a CAGR of 9.59% from 2020 to 2026.

The Smart Agriculture Market size is driven by factors such as the increasing strain on the food supply system due to the increasingly growing population, the increasing use of new technology in farming, the growing focus of farmers on livestock monitoring and disease detection and the increasing emphasis on reducing the number of animals.

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The main factors driving Smart Agriculture Sensors Market size include the growing use of agricultural sensors in precision farming, growing collaborations between agrochemical firms, and providers of agricultural sensors. 

The major players in the market include Vishay, Honeywell, Texas Instruments, Auroras s.r.l., Bosch, Avidor High Tech, Libelium, Sol Chip Ltd, Pycno Agriculture, CropX Inc, Trimble Inc, Sentera, LLC., The Yield Pty Ltd, etc.

The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market positively or negatively.

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The key regions covered in the Crop Management Software market report are North America, Europe, China, Japan, Southeast Asia, India, and Central & South America, etc.

The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and application segment in terms of revenue for 2015-2026.

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Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources


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