India IoT in Agriculture Market Outlook
India IoT in Agriculture Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024
Report Code :AT 1335
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India IoT in Agriculture Market Size (USD Billion) & Growth Analysis India IoT in Agriculture Market Size (USD Billion)-2016-2024
Sample Request
XX
XX
XX
XX
XX
XX XX
XX
XX 2016e
m a S
XX
XX
2017e
Source: Goldstein Research
XX
2018f
2019f
2020f
e l p
XX
2021f
XX
2022f
XX
2023f
XX
2024f
India IoT in Agriculture Market
is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. There are a myriad of benefits, as mentioned above, such as cost, scale, and productivity, which are driving the growth behind the increasing use of IoT in Agriculture in IT infrastructure. According to reports, India is expected to capture XX % share in the global Internet of Things (IoT) market. India already has a strong base in technology and the public-industry partnership is bound to bring about a monumental change. One of the most notable IoT initiatives for India will be delivering health, education and financial services to remote areas. Thereby, building a bridge between rural and urban India with IoT will be a landmark step in empowering millions in rural India and tackling. Technology giants such as Siemens, Toshiba, Microsoft, Oracle, Hitachi, and Ericsson are pumping funds and research teams into the technology and looking forward to exploit opportunities in India IoT market.
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India IoT in Agriculture Market Outlook India IoT in Agriculture Market Share(%), By Region-2016-2024 Sample Request
India IoT in Agriculture Market Size USD (Billion). 2016-2024 XX XX
XX% CAGR: (2016-2024)
XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
14.0 30.0 0% 0% 2016
16.50 31.07 % % 2024
56.0 0%
52.43 %
XX
Tier-III Cities
XX
m a S
2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f
Source: Goldstein Research
With XX% share in 2016, Tier-I region dominated the collective India IoT market
India IoT in Agriculture Market India IoT in Agriculture Market Share (%), By Software-2016 Share(%), By Components-2016
15.00%
7.61% 10.87%
50.00%
27.17% Data Management S/W IoT Platforms
Sensors and Actuators
Security S/W Real Time Streaming Analytics S/W
Source: Goldstein Research
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38.04%
16.30%
35.00%
IoT Devices
Tier-II Cities
Source: Goldstein Research
IoT Devices accounted for the highest market share XX% in India IoT in Agriculture market
In 2016,
e l p Tier-I Cities
Source: Goldstein Research
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India IoT Market Share (%), By End Users- 2016
8.39% 10.09% 27.77% 7.89% 1.20%
12.79% 18.48% 13.39% Consumer Electronics Sector Network Management S/W Energy Sector
Transportation & Logistics Sector
Remote Monitoring S/WRetail Sector Others (Education Sector)
Healthcare Sector
Manufacturing Sector Agriculture Sector
Source: Goldstein Research
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India IoT in Agriculture Market Outlook In 2016, IoT devices dominated the market; IoT devices segment accounted for nearly XX% of the total IoT market and remaining XX% went for platforms and sensors & actuators. The main reason for this despaired share is due to the rising demand for IoT market trend owing to the ease of data management and real time monitoring. Growing IT Spending
However, as the internet related technology is on rise (especially in developing countries), the India IoT market is projected to reach USD XXXX million in 2024 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, Tier-I cities of India IoT market touched USD XXXX million in 2016 and rising demand for IoT software and solutions in the region is expected to accelerate the market to USD XXXX billion by the end of 2024 As a result, if seen from the big market point of view, IoT devices demand is higher in consumer electronics followed by other transportation, manufacturing, energy, retail and healthcare facilities. Moreover, the rising IT expenditure in India on the back of new industrial/commercial reforms and rising investment in IT and AI sector is expected to bolster the growth of IoT in India With USD XXXX million in 2016, consumer electronics has the highest demand followed by manufacturing, transportation, energy, retail, healthcare, education and agriculture sector. The advancement in IoT devices are encouraging the hospitals and logistics to adopt the advanced devices to obtain accurate and robust data. The precise data would further help the target user to provide better facilities Further, increasing spending by major technology companies on research and development of innovative and advanced IoT technology along with rising internet penetration are some of the major reasons behind the spiked growth of India IoT market. The global IoT in agriculture market size valued USD 4.40 billion in 2015 and is projected to grow at CAGR of 28.30% forecast period. Adoption Rateduring (%) oftheIoT Technology
Adoption Rate (%) of IoT Technology Europe North America
2016
XX %
2024
XX %
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XX %
XX %
Technological Advancements
Rising Adoption of Smartphone
Declining cost of sensors
Asia-Pacific XX %
XX %
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India IoT in Agriculture Market Size (USD Billion) & Growth Analysis
IoT Startup Landscape in India City Wise Distribution of IoT Startups in India
Sector Wise Distribution of IoT Startups in India
NCR
XX% XX%
Mumbai
XX% XX%
XX%
XX%
Ahemedabad Others
Bangalore
Source: Goldstein Research
XX%
m a S XX% XX%
e l p XX%
Hyderabad
Chennai
Transport
XX%
Pune XX%
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XX%
XX%
XX%
XX%
XX%
Smart Home/City Services Platform Logistics Industrial Healthcare Agriculture Misc
Source: Goldstein Research
Bengaluru ranked the highest with XXX startups registered in the city. National Capital Region (NCR) and Mumbai took the second and third spots, respectively. Hyderabad and Pune took the fourth and fifth spots, respectively. Among IoT startups, no single vertical took a significant chunk of the pie with companies well distributed across segments such as healthcare, transport, agritech, services, logistics. With smart watches, smart glasses, smart cities, smart infrastructure, wearable devices, consumers are witnessing a phase of internet being extended beyond desktops and mobile devices. Additionally, the dropped cost of sensors, processing power and bandwidth to connect devices are some of the reasons that have spurred the widespread deployment of IoT. While larger corporations certainly see benefits of IoT in Agriculture services, startups in general tend to see the largest benefit, as startups face financial clout and do not always have the cash or resources to spend on physical infrastructure. So, if startups are able to save 30% on IT resources, as was shown above, then it can be a huge boon for them in launching their products and being able to compete with larger businesses.
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India IoT in Agriculture Market Outlook : 2016-2024 India IoT in Agriculture Market Share (%), By Components, 20162024
21.57% IoT Devices
XX%
44.12%
2016
XX%
2024
IoT Platforms
XX% 34.31% Sensors and Actuators
Sample Request Asia-Pacific IoT platform services market is expected to expand at a CAGR of XX% during the forecast period i.e. 2016-2024. Modernization of lifestyle and penetration of internet among the population in India, China, Japan and other major economies along with the rising awareness towards IOT advantages are propelling the demand for IoT Market
e l p
Advancement in every devices by implementing internet of things and artificial intelligence technologies Source: Goldstein Research tends to enhance the design and India IoT in Agriculture Market Y-O-Y Growth, By Components, test functionality of devices. 2016-2024 Enhancement in design and portability of IoT devices are driving the growth of IoT market XX% XX%
XX%
XX%
2016e
2017e
2018f
m a S XX%
2019f
XX%
XX%
XX%
2020f
2021f
2022f
XX%
2023f
IoT Platforms tends to dominate the market by XX% of market share owing to the mature market of the IoT devices and increasing demand of advanced solutions
2024f
Source: Goldstein Research
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India IoT in Agriculture Market Outlook By Services: 2016-2024 India IoT in Agriculture Market Size (USD Billion), By Services, 20162024 XX XX XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016e
2017e
m a S
2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
e l p
Major drivers of IoT Devices market are internet penetration, advanced IT system and awareness.
2024f
India IoT in Agriculture Market Y-O-Y Growth, By Services, 20162024
19.40%
2016e
20.48%
20.15%
2017e
2018f
20.80%
2019f
21.85%
2020f
22.50%
2021f
India IoT devices market was USD XX billion in 2016, expected to attain the growth rate of XX% over the forecast period and reach USD XX Billion by 2024. North America IoT devices market dominate owing to the largest app developer economics closely followed by Europe with XX% market share in global IoT services market.
XX
XX
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23.00%
2022f
23.50%
2023f
25.00%
Managed IoT services are expected to see the fastest growth, at a compounded annual rate (CAGR) of XX per cent. Translating to USD XX million of annual business for Indian companies. Product engineering has the largest share of Indian IoT services, with USD XX million business in 2017. L&T Technologies, TATA Elxsi, Persistent Systems, L&T Infotech and Happiest Minds have moved significantly over the past year in rankings among Indian providers
2024f
Source: Goldstein Research
% Enterprise Workloads in Cloud
% Workloads in Cloud XX%
XX% XX%
XX%
Public
Private Cloud
Private Cloud
XX%
Non Cloud
Non Cloud XX%
Source: Goldstein Research
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India IoT in Agriculture Market Attractiveness and BPS Analysis by Mode of Deployment, 2016-2024 India IoT in Agriculture Market Attractiveness-By Mode of Deployment, 2016-2024 Sample Request
30.00%
CAGR (%)
25.00% 20.00% 15.00% 10.00% 5.00% 0.00% 0.0
100.0
200.0
300.0
400.0
Market Size (USD Billion) IoT Platforms
IoT Devices
500.0
600.0
700.0
800.0
900.0
IoT Actuators & Sensor
Source: Goldstein Research
India Internet of Things (IoT) market is the major revenue generated segment among the IoT components. The rapid adoption of smart and connectivity devices further makes this market most attractive for the business players followed by IoT actuators & sensors market. According to BPS analysis graph, IoT platform and IoT actuators & sensors market are expected to rise by XX BPS & XX BPS respectively. The rising demand for sensors in manufacturing and consumer electronics sector further creates huge opportunities for the market players to increase the demand for IoT components
India IoT in Agriculture Market BPS Analysis- By Mode of Deployment, 2016-2024 XX%
XX%
XX%
XX%
8.00%
13.00%
XX% XX%
Platforms
XX%
Sensors & Actuators
XX% 83.00%
XX%
Devices
XX%
76.00%
XX% XX% XX%
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2015
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2024
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India IoT in Agriculture Market Outlook Microsoft Corporation. (Company Overview & Business Strategy)
Founded 1975
Employees 114,000
Company Overview Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and services The Company is traded in NASDAQ stock exchange, America Geographically, Microsoft introduced its internet of things (IoT) platform Indialy to enhance the connectivity of devices to improve business automation
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Website
Headquarters U.S
www.microsoft.com
Major Products Skype Microsoft Azure
e l p m a S
Microsoft provides software solutions and operating systems to various entities
Microsoft is one of the emerging large scale industry in internet of things (IoT) with advanced support services
TechNet Office MSDN
Operating System
Business Strategy
Acquisitions & Research and Development: The company focuses on unveiling new product for strengthening its product portfolio in software industry by acquiring organizations of software solutions. The company improving its artificial intelligence segment to provide solutions & services across the globe to become a leader in software industry. Microsoft collaborates with many organizations to carry out new researches and innovative technology such as internet of things (IoT) to provide better and advanced connectivity. Company’s strategy is to build best-in-class platforms and productivity services for a mobile-first, cloud-first world. provide enterprise-wide computing solutions and point solutions with numerous commercial software vendors that offer solutions and middleware technology platforms, software applications for connectivity (both Internet and intranet), security, hosting, database, and ebusiness servers.
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