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(Wireless-NewsWire.Com, October 22, 2024 ) Internet of Things IoT Agriculture Market was valued at USD 13.73 Billion in 2023, and it is expected to reach USD 25.58 Billion by 2030, exhibiting a CAGR of 9.29 % during the forecast period (2024-2030)
Farming is increasingly using IoT technologies such as drones, robots, sensors, and computer imaging to gather data and insights for better farm management. A report on IoT in agriculture examines market dynamics, including factors influencing demand and supply, and projects future trends. Climate change and reduced arable land pose challenges for global food security, with IoT technologies seen as essential for sustainable food production. However, the high cost of IoT tools remains a barrier for many farmers. Government agencies are promoting precision agriculture practices and data management in smart farming initiatives to address these challenges. North America dominated the Internet of Things (IoT) Agriculture Market with a market share of 42.12% in 2023
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Internet of Things (IoT) Agriculture Market Segmentation
by System
Automation and control systems
Sensing and monitoring devices
Livestock monitoring Hardware
Fish farming hardware
Smart greenhouse hardware
Software
by Application
Precision farming
Livestock monitoring
Smart greenhouse
Fish farm monitoring
By Farm Type
Large
Mid-Sized
Small Farms
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Internet of Things (IoT) Agriculture Market Top Leaders:
1. Deere & Company
2. Trimble, Inc.
3. Leica Geosystems
4. Raven Industries
5. AG Junction, Inc.
6. Agco Corporation
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