Market Research Report

A quick peek into the report

Global IoT in Agriculture Market

Focus on System, Application, and Country-Wise Analysis - Analysis and Forecast, 2019-2026

 
Some Faq's

Frequently Asked Questions

The global IoT in agriculture market was valued at $21.99 billion in 2021, which is expected to grow with a CAGR of 10.1% and reach $35.55 billion by 2026.

The top market players are DEERE & COMPANY, Microsoft Corporation, CNH Industrial NV, Robert Bosch GmbH, Agrivi, The Climate Corporation, Granular Inc., Harvest Croo Robotics, LLC, AeroFarms, OSRAM GmbH, AmHydro, Kalera, Heliospectra AB, Signify Holding (Koninklijke Philips N.V.), Connecterra B.V., DeLaval, Allflex USA Inc., Boumatic LLC, Aquabyte, Inc., AKVA Group ASA, Eruvaka Technologies.

Factors driving the growth of the IoT in agriculture market are increasing demand for global food production, surging use of advanced technologies in agriculture, emerging complexities in data-driven farming, and decreasing workforce in the agricultural sector.

Some of the main challenges restricting the growth of the IoT in agriculture market are lack of proper internet and network connectivity, cyber and online data security, huge setup and subscription costs, reluctance to adopt, and lack of technical awareness.

The potential opportunities that are likely to boost the growth of IoT in agriculture market are the growing trend of the agriculture service economy, increasing investments in the agricultural technology sector, increasing market opportunities in developing countries, and favorable government initiatives to support IoT in agriculture.

Similar Product

You may also like

Published Year: 2021

Agriculture Technology-as-a-Service Market - A Global and Regional Analysis: Focus on Product, Appli

The global agriculture technology-as-a-service market is expected to reach $3,031.1 million by ...

Published Year: 2021

Global Indoor Farming Technology Market - A Global and Regional Analysis: Focus on Key Technologies,

The global indoor farming technology market is expected to reach $12,767.3 million by 2026, ...

Published Year: 2021

Precision Agriculture Market - A Global and Regional Analysis: Focus on Applications, Products and C

The global precision agriculture market is expected to reach $10.93 billion by 2026, with a ...