The global IoT in agriculture market size is expected to reach USD 30.8 billion by 2028, registering a CAGR of 10.6% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are the growing demand for agricultural output, increasing penetration of Internet of Things (IoT) & Artificial Intelligence (AI) technologies in the farming sector, and increasing government support for adoption of latest agricultural technologies along with growing focus on livestock monitoring to enhance efficiency in farming. The report is fabricated with thorough primary and secondary research and is updated with the latest and emerging market trends to offer the readers opportunities to capitalize on the current market environment. For a thorough analysis, the market has been segmented based on types and applications along with an extensive regional segmentation.

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The report offers a comprehensive analysis of the competitive landscape along with profiles of the companies, their product portfolios, and lucrative business strategies undertaken by them to gain a robust footing in the global industry. It also discusses in detail the recent mergers and acquisitions, partnerships, collaborations, and product launches among others.

Some of the key players studied in the report are: Deere & Company, Trimble, Raven Industries, AGCO Corporation (AGCO), AgJunction Inc. (AgJunction), DeLaval, GEA Farm Technology, Lely, Antelliq, AG Leader Technology (AG Leader), Tigercat, Ponsse, Komatsu Forest AB, Caterpillar, Treemetrics, Topcon Positioning Systems, and DICKEY-john Corporation.

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Offering Outlook (Revenue, USD Billion; 2018 – 2028)

Hardware, Software and Services.

Agriculture Type Outlook (Revenue, USD Billion; 2018 – 2028)

Precision Farming, Precision Forestry, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse and Others (Horticulture and orchids).

Application Outlook (Revenue, USD Billion; 2018 – 2028)

Precision Farming Applications, Precision Forestry Applications, Livestock Monitoring Applications, Fish Farm Monitoring Applications, Smart Greenhouse Applications and Other Applications (Horticulture and orchids applications).

The report is further segmented into key geographical regions along with their countries to impart a better understanding of the market. The report focuses on the economic growth, technological advancements, investment and funding, R&D activities, production and consumption ratio, current and emerging trends, and presence of key players in each region.

The regional analysis covers the following key regions of the world:

  • North America (U.S.A., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Answered in the Report:

  • What will be the estimated growth rate of the IoT in agriculture market in 2027?
  • Who are the prominent distributors, vendors, and manufacturers of the market?
  • What are the driving and restraining factors of the growth of IoT in agriculture market throughout the forecast period?
  • What are the current and future market trends of the IoT in agriculture market?
  • What are the sales and price analysis of the product by types, applications, and regional sales?
  • Which region is expected to dominate the market growth over the forecast period?

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