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Data Bridge Market Research analyses that the internet of things (IoT) in agriculture market was valued at USD 13.76 billion in 2022 and is expected to reach USD 29.71 billion by 2030, registering a CAGR of 10.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
The world class Internet of Things (IoT) in Agriculture Market research report is structured with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters, and well-informed researchers. This global market report offers an analytical assessment of the prime challenges faced by the market currently and in the coming years, which gives idea to other market participants about the problems they may face while operating in this market over a longer period of time. In the large scale Internet of Things (IoT) in Agriculture market report, industry trends are put together on macro level with which clients can figure out market landscape and possible future issues.
Global Internet of Things (IoT) in Agriculture marketing report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The report endows with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning the own strategies with which business can outshine the competitors. The widespread Internet of Things (IoT) in Agriculture business report contains top to bottom analysis and estimation of various market related factors that plays key role in better decision making.
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Market Definition
Internet of things (IoT) in agriculture uses robots, remote sensors, drones and computer imaging combined with continuously progressing analytical tools and machine learning for surveying, monitoring crops and mapping the fields. This will provide information or data to farmers for rational farm management plans to save both money and time.
Some of the major players operating in the internet of things (IoT) in agriculture market are:
Drivers
Food companies all over the globe are also adopting modern technologies and devices such as internet of things (IoT) to systematically store oilseeds and grains so that they can be utilized all year. Therefore, incorporating internet of things (IoT) devices for numerous purposes in agriculture, is expected to drive the growth of the market growth. Furthermore, government organizations have transformed policies, inaugurated awareness programs and tie-ups with the private industry to expedite smart farming in their corresponding area.
The applications of internet of things (IoT) in agriculture have encouraged farmers to control the tank’s water level in real-time, making the irrigation process more effective. The improvement of internet of things (IoT) technology in agriculture methods has caused the usage of sensors in each stage of the farming process, such as how much resources and time a seed requires to become a fully-grown vegetable. In recent years, there has been a significant need to improve farm yield due to the growing population. Practically every stage or step of agriculture can be automated.
Opportunities
With the presentation of current innovations such as variable rate innovation, direction frameworks, Internet of things (IoT), AI, and remote detecting, the horticulture business has changed over into an information-rich and mechanically serious industry. Innovative agricultural advancements help to increment advantage which further develops safeguard the climate, manageability and decrease asset by utilization of water, manure, and power.
The acceptance and emergence of advanced internet of things (IoT) technologies such as agricultural drones is a major factor which is expected to create immense opportunities for the market growth during the forecast period. Drones play a significant role in carrying out farming processes in advanced farming and crop management due to their superior surveillance capability. Also, most of farming companies are willing to use drones for better services. Drone technology combined with sophisticated technologies such as cameras, sensors, and other analytical software help in irrigation and drainage, field monitoring, soil assessment and harvest planning.
Restraints/ Challenges
Limited technical knowledge and skills of farmers, increase in the technological cost and fragmented agriculture industry are some of the major factors that will act as major market restraint for the growth of the market. Furthermore, the unavailability of standardized ad simple data aggregation and data management tools and lack of standardization in smart agriculture sector will further challenge the growth of the market in the forecast period.
This internet of things (IoT) in agriculture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet of things (IoT) in agriculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
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The internet of things (IoT) in agriculture market is segmented on the basis of component, application, type and farm production planning stage. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Application
Type
Farm Production Planning Stage
Internet of Things (IoT) in Agriculture Market Regional Analysis/Insights
The Internet of Things (IoT) in Agriculture market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Internet of Things (IoT) in Agriculture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Internet of Things (IoT) in Agriculture within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Internet of Things (IoT) in Agriculture market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The report answers questions such as:
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