Internet of Things Agriculture Market was is expected to grow $25.58 Bn by 203

(EMAILWIRE.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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