Premium market insights delivers well-researched industry-wide information on the IoT in Agriculture market. It studies the market’s essential aspects such as top participants, expansion strategies, business models, and other market features to gain improved market insights. Additionally, it focuses on the latest advancements in the sector and technological development, executive tools, and tactics that can enhance the performance of the sectors.
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Scope of the Report
Global IoT in Agriculture Market valued approximately USD 16.5 billion in 2017 is anticipated to grow with a healthy growth rate of more than 14.50 % over the forecast period 2018-2025. The IoT in Agriculture Market is continuously growing in the global scenario at significant pace. IoT (Internet of Things) in agriculture refers to the use of sensors, cameras and other devices to turn every element and action involved in farming into data. IoT technology in agriculture will enable growers and farmers to reduce waste and enhance productivity ranging from the quantity of fertilizer utilized. Rising demand for light-weight materials for automobiles, rising government support to adopt modern agricultural techniques and growing demand for bio-based materials are the substantial driving factors of the market during the forecast period. Additionally, increasing focus on livestock monitoring and disease detection to improve efficiency of farming is another factors that impelling the growth of the market across the globe. Moreover, emergence of big data in agriculture farm and favorable regulatory framework are the factors that likely to create numerous opportunity in the near future. Furthermore, IoT in Agriculture achieve better control over the production processes and maintain higher standards of crop quality along with lowered operation cost is another factor that promoting the demand of IoT in agriculture in all over the world. However, high cost and limited technical knowledge & skills of farmers are the factors that limiting the growth of the market across the world.
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Top Key Players:
• Qualcomm
• Bosch
• Fujitsu
• Ericsson
• Monsanto
• SABIC
• Neste
• Braskem
• Sinopec Group
• DowDuPont
The detailed segments and sub-segment of the market are explained below:
By Solution:
Real Time Streaming Analytics
Security
Monitoring
Data Management
Others
By Component:
Zigbee
Wi-Fi
Bluetooth
NFC
RFID
Others
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Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as United States, Europe, China, Japan, Southeast Asia, and India.
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This release was published on openPR.
