Iot in Agriculture Market Companies, Increased Use Industry Hit Booming Worldwide, Demand Status and Explosive Factors And Forecasts To 2027
Market Overview
The
primary need to control operation factors optimizing the use of water and
pesticides is anticipated to promote the IoT in the agriculture market 2020.
The ICT industry reports are produced by Market Research Future, which
highlights market options for expansion. A potential of USD 34.88 Billion
with a CAGR of 13.6% approx is forecasted by 2027.
The
need to lessen water usage and greenhouse gas emissions is likely to push the
growth of the Iot
in Agriculture Market Companies share. The demand to
increase the crop yields while curtailing the cost of production is estimated
to raise the demand for the IoT in the agriculture market in the coming period.
Segmental Analysis
The
segmental insight into the IoT in the agriculture market has been conducted
based on application, component, and region. Based on the component, the Iot in
Agriculture Market Companies Companies Companies has been segmented into
system, software, and services. Based on the applications, the IoT in the
agriculture market has been segmented into precision crop farming, indoor
farming, livestock monitoring, aquaculture, water supply management, integrated
pest management, and others. Based on the regions, the IoT in the agriculture
market is segmented into Europe, Asia-Pacific, the Middle East, North America,
Africa, and South America.
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Detailed Regional Analysis
The
regional investigation of the IoT in the agriculture market has been carried
out for regions of Europe, Asia-Pacific, the Middle East, North America,
Africa, and South America. The North American region’s market has the biggest
portion in the IoT in the agriculture market as the sellers in this region are
funding extensively R&D activities, which has led to improvement of
technologies in automation & control systems, sensing & monitoring
systems, the use of IoT sensors for livestock monitoring, indoor farming,
precision crop farming, and other purposes. The US shows the way for market
development in the North American region as it has elevated digitalization in
the agricultural sector, and it is anticipated that just about 80% of farmers
employ smart farming technology. The intense weather conditions owing to
climate change have caused loss of arable land and have subsequently given rise
to elevated adoption of IoT for escalating the volume and quality of the crop
yield.
Competitive Analysis
The
currency inflow is estimated to be restricted in the upcoming period, which may
create further problems for the overall market growth. The expansion of the
market has currently come close to a standstill with government agencies and
trade bodies, introducing a stimulus to pick up the pace of development in the
global market. The planning and forecasting for human capital in the market is
estimated to be a crucial area for focus in the years ahead. Advances in
production style and technologies are estimated to gain precedence in the
coming years as areas of innovation. The support provided by regulations is
estimated to stave off the effects of the downturn considerably in the coming
period. Current disequilibrium in the market forces has led to the market
players adopting a more cautious approach to growth and development strategies.
The recalibration of the supply chain is estimated to be another area for
market expansion in the upcoming period.
The
central companies in the IoT in the agriculture market are Dickey John
(US), Cainthus (Ireland), Descartes Labs (US), Raven Industries (US), CropIn
(US), Trimble Inc. (US), Scicrop (Brazil), Precisionhawk Inc. (US), Shivrai
Technologies Pvt. Ltd (India), Proagrica (US), AG Leader Technology (US), Deere
& Company (US), Rapidsoft Technologies Pvt. Ltd (US),IBM Corporation (US),
Hexagon Agriculture (Sweden), DuPont Pioneer (US), Tigercat (US), Tree Metrics
(Ireland), Decisive Farming (Canada), Topcon Corporation (Japan), Autonomous
Tractor Corporation (US), Sky (Canada), Grownetics (US), Nileworks Inc.
(Japan), and Gamaya (Switzerland).
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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