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Pulished Date April, 2021
ID: 8824
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Global IoT in Agriculture Market Analysis - By Offering (Software, Services, Hardware), By Application (Precision Farming, Livestock Monitoring, Precision Forestry, Fish Farm Monitoring, Smart Greenhouse), By Region (North America (United States & Canada), Europe (United Kingdom, Italy, Germany, Spain, France & Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Australia, New Zealand, Rest of APAC), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Middle East & Africa) - Industry Analysis on Size, Share, Growth, Trends, Forecast | 2021-2026

Pulished: April, 2021
ID: 8824
Pages: 160

IoT in Agriculture Market Size, Trends & Forecast (2021-2026)

Global IoT in Agriculture Market is at 32 Billion USD in 2020, and is expected to reach USD 54 Billion USD by 2026, projecting a CAGR of 5% during the forecast period of 2021-2026.

Over the last few decades, agriculture has changed from small to medium-sized farming to highly industrialized, commercial farming concentrated among a few large corporations. Growing crops and raising livestock and fish have become increasingly mechanized and computer-driven. This allows corporations to view agriculture as manufacturing in the sense that measurement, data, and control are essential for cost management, optimizing yields, and boosting profits. The Internet of Things (IoT) in Agriculture describes the use of technology in which agricultural planning and operations are linked in ways that were previously impossible without advancements in sensors, networking, data analytics, and other fields.

Recent Developments:

  • John Deere has developed a leading approach to precision farming technology through advanced communications and telematics, onboard sensors and computers, and accurate global navigation satellite systems technology. It allows farmers to control input and yield costs better, enhance soil quality, reduce chemical usage, and gather information.

Key Market Growth Drivers

Climate change plays a vital role in the effects of global agricultural production. It has been evident that we are moving towards extreme weather conditions, therefore, promote the implementation of IoT-based technology to maximize agricultural production. This is one significant factor that drives the IoT in the Agriculture market.

The increase in IoT in agriculture market size due to the rise in the global population, coupled with an increase in the adoption of advanced technology to optimize the quantity and quality of agricultural production, is expected to boost the adoption of IoT in the agriculture market during the forecast period.

Major Restraints

The agriculture industry is made up of several small players who provide solutions for the various stages of the value chain of agriculture. As some of the agricultural processes achieve economic viability, IoT in agriculture market growth is expected to be constrained during the forecast period.

Report Coverage

Report Metric

Details

Market Size Available

2020-2026

Base Year

2020

Forecast Period

2021-2026

Segments Covered

By Offering, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Cisco Systems, Inc., Telit, Hitachi, Ltd, Decisive Farming, On Farm Systems Inc., International Business Management Corporation (IBM), Trimble Inc., SlantRange, Inc., Farmers Edge Inc., & The Climate Corporation.

 

The research report on the Global IoT in Agriculture Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.

IoT in Agriculture Market Analysis - By Offering

  • Software
  • Services
  • Hardware

Based on the Offering, the services segment has the largest market globally and is growing at a significant CAGR. Service providers include companies providing farm operations services, data services, and farm data analytics to software companies or directly to farmers. Analytics tools help to deliver the right calls and warnings for farming operations in order to improve the decision-making ability of farmers. System integrator service providers are interested in troubleshooting and diagnosing farm management solutions, which also involve the development of new technologies related to software and hardware equipment.

IoT in Agriculture Market Analysis - By Application

  • Precision Farming
  • Livestock Monitoring
  • Precision Forestry
  • Fish Farm Monitoring
  • Smart Greenhouse

Based on the Application, the Precision farming segment accounts for the largest share of the IoT in the agriculture market during the forecast period. This rise in the market can be attributed to a growing focus on improving farm efficiency and productivity. Precision farming has the potential to change the idea of agriculture for better, making traditional agriculture more productive and predictable. In precision farming, farmers can use different software and hardware tools to collect farm-related data that would help them make better choices and increase the productivity of their land and crops.

IoT in Agriculture Market Analysis – By Region

  • North America (US and Canada)
  • Europe (United Kingdom, Germany, Italy, Spain, France & Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, New Zealand and Rest of APAC)
  • Latin America (Mexico, Brazil, Argentina & Rest of Latin America)
  • Middle East & Africa

Based on the Region, North America dominates the global market followed by Europe. European farmers are already using smart agriculture innovations such as yield tracking, GSP guidance and steering, variable-rate deployment, and plant scouting. The rate of adoption of animal tracking, dairy cattle management, and other livestock monitoring technologies is high in Germany. The UK focuses on transforming its IoT agriculture environment by entering a new age of technological developments to meet the rising demand for food, rapid climate change, shifting diets, and increasing lack of natural resources.

Global IoT in Agriculture Market Research Report Key Highlights:

  • Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  • Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  • Comprehensive segmentation of the market, the detailed evaluation of the market by further sub-segments.
  • Address Market Drivers, Restraints and providing insights for gaining market share.
  • Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of the competitive environment.

Key Players of Market listed in the Research Report are:

  1. Cisco Systems, Inc
  2.  Telit
  3. Hitachi, Ltd
  4.  Decisive Farming
  5. On Farm Systems Inc
  6.  International Business Management Corporation (IBM)
  7. Trimble Inc
  8. SlantRange, Inc
  9.  Farmers Edge Inc
  10. The Climate Corporation

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Offering                 

                                5.1.1 Introduction           

                                5.1.2 Software 

                                5.1.3 Services   

                                5.1.4  Hardware

                                5.1.5 Y-o-Y Growth Analysis        

                                5.1.6 Market Attractiveness Analysis      

                                5.1.7 Market Share Analysis        

                5.2 By Application                           

                                5.2.1 Introduction           

                                5.2.2 Precision Farming

                                5.2.3 Livestock Monitoring          

                                5.2.4 Precision Forestry

                                5.2.5 Fish Farm Monitoring         

                                5.2.6 Smart Greenhouse              

                                5.2.7 Y-o-Y Growth Analysis        

                                5.2.8 Market Attractiveness Analysis      

                                5.2.9 Market Share Analysis        

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Offering

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Offering

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Offering

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leader Analysis                                           

                8.1 Cisco Systems                           

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Telit                               

                8.3 Hitachi                          

                8.4 Decisive Farming                      

                8.5 On Farm Systems                     

                8.6  International Business Management Corporation                     

                8.7 Trimble                        

                8.8  SlantRange                

                8.9  Farmers Edge Inc                    

                8.10  The Climate Corporation                   

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organisations a strong financial foothold in the market
  • Global IoT in Agriculture Market By Region, From 2021-2026 ( USD Billion )
  • Global IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Global Software Market By Region, From 2021-2026 ( USD Billion )
  • Global Services Market By Region, From 2021-2026 ( USD Billion )
  • Global Hardware Market By Region, From 2021-2026 ( USD Billion )
  • Global IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Global Precision Farming Market By Region, From 2021-2026 ( USD Billion )
  • Global Livestock Monitoring Market By Region, From 2021-2026 ( USD Billion )
  • Global Precision Forestry Market By Region, From 2021-2026 ( USD Billion )
  • Global Fosh Farm Monetering Market By Region, From 2021-2026 ( USD Billion )
  • Global Smart Greenhouse Market By Region, From 2021-2026 ( USD Billion )
  • North America IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • North America Software Market By Region, From 2021-2026 ( USD Billion )
  • North America Services Market By Region, From 2021-2026 ( USD Billion )
  • North America Hardware Market By Region, From 2021-2026 ( USD Billion )
  • North America IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • North America Precision Farming Market By Region, From 2021-2026 ( USD Billion )
  • North America Livestock Monitoring Market By Region, From 2021-2026 ( USD Billion )
  • North America Precision Forestry Market By Region, From 2021-2026 ( USD Billion )
  • North America Fosh Farm Monetering Market By Region, From 2021-2026 ( USD Billion )
  • North America Smart Greenhouse Market By Region, From 2021-2026 ( USD Billion )
  • United States IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • United States IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Canada IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Canada IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Europe IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Europe Software Market By Region, From 2021-2026 ( USD Billion )
  • Europe Services Market By Region, From 2021-2026 ( USD Billion )
  • Europe Hardware Market By Region, From 2021-2026 ( USD Billion )
  • Europe IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Europe Precision Farming Market By Region, From 2021-2026 ( USD Billion )
  • Europe Livestock Monitoring Market By Region, From 2021-2026 ( USD Billion )
  • Europe Precision Forestry Market By Region, From 2021-2026 ( USD Billion )
  • Europe Fosh Farm Monetering Market By Region, From 2021-2026 ( USD Billion )
  • Europe Smart Greenhouse Market By Region, From 2021-2026 ( USD Billion )
  • U.K. IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • U.K. IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Germany IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Germany IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • France IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • France IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Italy IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Italy IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Spain IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Spain IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Asia Pacific IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Asia Pacific Software Market By Region, From 2021-2026 ( USD Billion )
  • Asia Pacific Services Market By Region, From 2021-2026 ( USD Billion )
  • Asia Pacific Hardware Market By Region, From 2021-2026 ( USD Billion )
  • Asia Pacific IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Asia Pacific Precision Farming Market By Region, From 2021-2026 ( USD Billion )
  • Asia Pacific Livestock Monitoring Market By Region, From 2021-2026 ( USD Billion )
  • Asia Pacific Precision Forestry Market By Region, From 2021-2026 ( USD Billion )
  • Asia Pacific Fosh Farm Monetering Market By Region, From 2021-2026 ( USD Billion )
  • Asia Pacific Smart Greenhouse Market By Region, From 2021-2026 ( USD Billion )
  • Japan IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Japan IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • China IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • China IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • India IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • India IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Australia IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Australia IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • South Korea IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • South Korea IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Latin America IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Latin America Software Market By Region, From 2021-2026 ( USD Billion )
  • Latin America Services Market By Region, From 2021-2026 ( USD Billion )
  • Latin America Hardware Market By Region, From 2021-2026 ( USD Billion )
  • Latin America IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Latin America Precision Farming Market By Region, From 2021-2026 ( USD Billion )
  • Latin America Livestock Monitoring Market By Region, From 2021-2026 ( USD Billion )
  • Latin America Precision Forestry Market By Region, From 2021-2026 ( USD Billion )
  • Latin America Fosh Farm Monetering Market By Region, From 2021-2026 ( USD Billion )
  • Latin America Smart Greenhouse Market By Region, From 2021-2026 ( USD Billion )
  • Brazil IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Brazil IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Argentina IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Argentina IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Mexico IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Mexico IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Rest of Latin America IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Rest of Latin America IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Middle East and Africa IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Middle East and Africa Software Market By Region, From 2021-2026 ( USD Billion )
  • Middle East and Africa Services Market By Region, From 2021-2026 ( USD Billion )
  • Middle East and Africa Hardware Market By Region, From 2021-2026 ( USD Billion )
  • Middle East and Africa IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Middle East and Africa Precision Farming Market By Region, From 2021-2026 ( USD Billion )
  • Middle East and Africa Livestock Monitoring Market By Region, From 2021-2026 ( USD Billion )
  • Middle East and Africa Precision Forestry Market By Region, From 2021-2026 ( USD Billion )
  • Middle East and Africa Fosh Farm Monetering Market By Region, From 2021-2026 ( USD Billion )
  • Middle East and Africa Smart Greenhouse Market By Region, From 2021-2026 ( USD Billion )
  • Middle East IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Middle East IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )
  • Africa IoT in Agriculture Market By Offering, From 2021-2026 ( USD Billion )
  • Africa IoT in Agriculture Market By Application, From 2021-2026 ( USD Billion )

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