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Report Code : AFT1008
Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis Global Internet of Things (IoT) in Agriculture Market Outlook As per Food and Agriculture Organization of the United Nations, over 800 million population of world are chronically undernourished and suffer due to scarcity of food. Climatic changes, scarcity of water and severe weather condition negatively impacts the agricultural production. As per United Nations, agricultural production must be increased by 50% by 2050 so that worldwide food demand will be fulfilled. Rising internet penetration and adoption of technology driven solutions are expected to bring prosperous growth for agriculture industry. Government is also actively initiating projects and activities to create awareness and to improve the agricultural development. For instance, European Union has invested over USD 26 billion for rural development and implementation of modernized farming under 7 years plan. In 2017, with an investment of USD 35.4 million, European Commission introduced a project “Internet of Food & Farm 2020 (IoF2020)�. This project aimed for innovative research and implementation of IoT based solutions to improve agricultural production in the region. Acquisitions and partnerships between public and private sector are promoting investment for implementation of internet of things (IoT) in agriculture and technology based agriculture projects. For instance, in 2016, European Union invested around USD 100 billion for rural development of Europe region and improvement of agricultural technology. Moreover, the U.S. Federal government invested over USD 500 million on sensors to introduce GPS-guided agricultural devices for planting and harvesting crops. Such agriculture projects are likely to enhance the adoption rate of connected technologies by farmers in agriculture industry. Published By: Goldstein Research Copyright
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis Market Segmentation Based on Components Hardware • Drones • Sensors • RFID Tags • Others(Transmitters, Sprinklers) Software • Data Management Software • Network Management Software • Security Software • Remote Monitoring Software • Real Time Streaming Analysis Software Platforms • Connectivity/M2M Platforms • Infrastructure-as-a-Service (IaaS) Backend Platforms • Hardware specific software Platforms • Consumer/Enterprise Software Extension Platforms Published By: Goldstein Research Copyright
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis
Based on Geography North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)} Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)} Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)} Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)} Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)} Rest of World {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)} Published By: Goldstein Research Copyright
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis Market Size and Forecast (2016-2024) Growing demand for advanced agricultural techniques is supporting adoption of IoT in agriculture. The global IoT in agriculture market valued USD 4.40 billion in 2015 and is projected to grow at CAGR of 28.30% during the forecast period. North America is the dominating region for IoT in agriculture market and accounted for around 75% market share in 2015. Leading U.S. based tech giants invested over USD 10 billion into farm business network to expand their product portfolio in North America region. North America IoT in agriculture market value is expected reach USD 20.1 billion by 2024. XX
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis
Global IoT in Agriculture Market Outlook includes competitive of various major players such as IBM Corporation, ThingWorx , John Deere & Company, Qualcomm Flight Platform, Agribiotix, Deepfield Robotics (Bosch), Topcon Positioning Systems, Inc., Raven Industries, Inc., SemiosBio Technologies Inc., AGCO Corporation, CNH Industrial, Lindsay Corporation, Trimble Navigation Ltd., Cisco Systems, Leica Geosystems, Trackit, Euravka, FluxFarm Inc., Climate Corporation and others. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global IoT in agriculture market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis Scope Background Market Synopsis Market Segmentation The Global IoT in Agriculture Market is segmented as follows: •By Hardware (Market Size, Demand Analysis and Growth Analysis) •By Software (Market Size, Demand Analysis and Growth Analysis) •By Platforms (Market Size, Demand Analysis and Growth Analysis) By Regions North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis} Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis} Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis} Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis} Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis} Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis Market Dynamics: Growth Drivers, Restraints and Opportunities oRisk Factors oRegional Variations oRecent Trends and Developments Key Market Players oSynopsis oBusiness Strategy oProduct Portfolio oSWOT Analysis
Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis About Goldstein Research Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research Copyright
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Internet of Things (IoT) in Agriculture Market Outlook 2024: Global Opportunity & Demand Analysis
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