Agriculture IoT Market Key Findings by 2031
Agriculture IoT is the adoption of modern technologies for cultivating sustainable farming practices for increasing farm productivity. Smart farming based on IoT includes multiple IoT sensors that can analyze and update themselves according to the working conditions in order to collect actual-time data generated in the product development phase. Therefore, increasing use of precision farming techniques and the growing adoption of IoT has boosted the demand for the agriculture IoT market.
MARKET DYNAMICS
The increasing use of precision farming techniques and the growing adoption of IoT is driving the growth of the agriculture IoT market. However, the lack of data privacy and security may restrain the growth of the agriculture IoT market. Furthermore, IoT services help in providing the right information on farming operations to improve the farmer's decision making capabilities is anticipated to create market opportunities for the agriculture IoT market during the forecast period.
MARKET SCOPE
The "Global Agriculture IoT Market Analysis To 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The agriculture IoT market report aims to provide an overview of the agriculture IoT market with detailed market segmentation by offering, agriculture type, and geography. The global agriculture IoT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading agriculture IoT market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global agriculture IoT market is segmented on the basis of offering and agriculture type. Based on offering, the agriculture IoT market is segmented into: hardware, software, and services. On the basis of agriculture type, the agriculture IoT market is segmented into: precision farming, precision forestry, livestock monitoring, fish farm monitoring, smart greenhouse, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global agriculture IoT market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The agriculture IoT market by each region is later sub-segmented by respective countries and segments. The agriculture IoT market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the agriculture IoT market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the agriculture IoT market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global agriculture IoT market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The agriculture IoT market by each region is later sub-segmented by respective countries and segments. The agriculture IoT market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the agriculture IoT market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the agriculture IoT market in these regions.
MARKET PLAYERS
The reports cover key developments in the agriculture IoT market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from agriculture IoT market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the agriculture IoT market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the agriculture IoT market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ag Leader Technology
- AGCO Corporation
- Deere & Company
- DeLaval Inc.
- eFarmer
- emlix GmbH
- Farmers Edge Inc.
- PrecisionHawk, Inc.
- Raven Industries, Inc.
- Trimble Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Agriculture IoT Market - By Offering
1.3.2 Agriculture IoT Market - By Agriculture Type
1.3.3 Agriculture IoT Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AGRICULTURE IOT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AGRICULTURE IOT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AGRICULTURE IOT MARKET - GLOBAL MARKET ANALYSIS
6.1. AGRICULTURE IOT - GLOBAL MARKET OVERVIEW
6.2. AGRICULTURE IOT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AGRICULTURE IOT MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. AGRICULTURE IOT MARKET - REVENUE AND FORECASTS TO 2028 - AGRICULTURE TYPE
8.1. OVERVIEW
8.2. AGRICULTURE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PRECISION FARMING
8.3.1. Overview
8.3.2. Precision Farming Market Forecast and Analysis
8.4. PRECISION FORESTRY
8.4.1. Overview
8.4.2. Precision Forestry Market Forecast and Analysis
8.5. LIVESTOCK MONITORING
8.5.1. Overview
8.5.2. Livestock Monitoring Market Forecast and Analysis
8.6. FISH FARM MONITORING
8.6.1. Overview
8.6.2. Fish Farm Monitoring Market Forecast and Analysis
8.7. SMART GREENHOUSE
8.7.1. Overview
8.7.2. Smart Greenhouse Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. AGRICULTURE IOT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Agriculture IoT Market Overview
9.1.2 North America Agriculture IoT Market Forecasts and Analysis
9.1.3 North America Agriculture IoT Market Forecasts and Analysis - By Offering
9.1.4 North America Agriculture IoT Market Forecasts and Analysis - By Agriculture Type
9.1.5 North America Agriculture IoT Market Forecasts and Analysis - By Countries
9.1.5.1 United States Agriculture IoT Market
9.1.5.1.1 United States Agriculture IoT Market by Offering
9.1.5.1.2 United States Agriculture IoT Market by Agriculture Type
9.1.5.2 Canada Agriculture IoT Market
9.1.5.2.1 Canada Agriculture IoT Market by Offering
9.1.5.2.2 Canada Agriculture IoT Market by Agriculture Type
9.1.5.3 Mexico Agriculture IoT Market
9.1.5.3.1 Mexico Agriculture IoT Market by Offering
9.1.5.3.2 Mexico Agriculture IoT Market by Agriculture Type
9.2. EUROPE
9.2.1 Europe Agriculture IoT Market Overview
9.2.2 Europe Agriculture IoT Market Forecasts and Analysis
9.2.3 Europe Agriculture IoT Market Forecasts and Analysis - By Offering
9.2.4 Europe Agriculture IoT Market Forecasts and Analysis - By Agriculture Type
9.2.5 Europe Agriculture IoT Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Agriculture IoT Market
9.2.5.1.1 Germany Agriculture IoT Market by Offering
9.2.5.1.2 Germany Agriculture IoT Market by Agriculture Type
9.2.5.2 France Agriculture IoT Market
9.2.5.2.1 France Agriculture IoT Market by Offering
9.2.5.2.2 France Agriculture IoT Market by Agriculture Type
9.2.5.3 Italy Agriculture IoT Market
9.2.5.3.1 Italy Agriculture IoT Market by Offering
9.2.5.3.2 Italy Agriculture IoT Market by Agriculture Type
9.2.5.4 United Kingdom Agriculture IoT Market
9.2.5.4.1 United Kingdom Agriculture IoT Market by Offering
9.2.5.4.2 United Kingdom Agriculture IoT Market by Agriculture Type
9.2.5.5 Russia Agriculture IoT Market
9.2.5.5.1 Russia Agriculture IoT Market by Offering
9.2.5.5.2 Russia Agriculture IoT Market by Agriculture Type
9.2.5.6 Rest of Europe Agriculture IoT Market
9.2.5.6.1 Rest of Europe Agriculture IoT Market by Offering
9.2.5.6.2 Rest of Europe Agriculture IoT Market by Agriculture Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Agriculture IoT Market Overview
9.3.2 Asia-Pacific Agriculture IoT Market Forecasts and Analysis
9.3.3 Asia-Pacific Agriculture IoT Market Forecasts and Analysis - By Offering
9.3.4 Asia-Pacific Agriculture IoT Market Forecasts and Analysis - By Agriculture Type
9.3.5 Asia-Pacific Agriculture IoT Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Agriculture IoT Market
9.3.5.1.1 Australia Agriculture IoT Market by Offering
9.3.5.1.2 Australia Agriculture IoT Market by Agriculture Type
9.3.5.2 China Agriculture IoT Market
9.3.5.2.1 China Agriculture IoT Market by Offering
9.3.5.2.2 China Agriculture IoT Market by Agriculture Type
9.3.5.3 India Agriculture IoT Market
9.3.5.3.1 India Agriculture IoT Market by Offering
9.3.5.3.2 India Agriculture IoT Market by Agriculture Type
9.3.5.4 Japan Agriculture IoT Market
9.3.5.4.1 Japan Agriculture IoT Market by Offering
9.3.5.4.2 Japan Agriculture IoT Market by Agriculture Type
9.3.5.5 South Korea Agriculture IoT Market
9.3.5.5.1 South Korea Agriculture IoT Market by Offering
9.3.5.5.2 South Korea Agriculture IoT Market by Agriculture Type
9.3.5.6 Rest of Asia-Pacific Agriculture IoT Market
9.3.5.6.1 Rest of Asia-Pacific Agriculture IoT Market by Offering
9.3.5.6.2 Rest of Asia-Pacific Agriculture IoT Market by Agriculture Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Agriculture IoT Market Overview
9.4.2 Middle East and Africa Agriculture IoT Market Forecasts and Analysis
9.4.3 Middle East and Africa Agriculture IoT Market Forecasts and Analysis - By Offering
9.4.4 Middle East and Africa Agriculture IoT Market Forecasts and Analysis - By Agriculture Type
9.4.5 Middle East and Africa Agriculture IoT Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Agriculture IoT Market
9.4.5.1.1 South Africa Agriculture IoT Market by Offering
9.4.5.1.2 South Africa Agriculture IoT Market by Agriculture Type
9.4.5.2 Saudi Arabia Agriculture IoT Market
9.4.5.2.1 Saudi Arabia Agriculture IoT Market by Offering
9.4.5.2.2 Saudi Arabia Agriculture IoT Market by Agriculture Type
9.4.5.3 U.A.E Agriculture IoT Market
9.4.5.3.1 U.A.E Agriculture IoT Market by Offering
9.4.5.3.2 U.A.E Agriculture IoT Market by Agriculture Type
9.4.5.4 Rest of Middle East and Africa Agriculture IoT Market
9.4.5.4.1 Rest of Middle East and Africa Agriculture IoT Market by Offering
9.4.5.4.2 Rest of Middle East and Africa Agriculture IoT Market by Agriculture Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Agriculture IoT Market Overview
9.5.2 South and Central America Agriculture IoT Market Forecasts and Analysis
9.5.3 South and Central America Agriculture IoT Market Forecasts and Analysis - By Offering
9.5.4 South and Central America Agriculture IoT Market Forecasts and Analysis - By Agriculture Type
9.5.5 South and Central America Agriculture IoT Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Agriculture IoT Market
9.5.5.1.1 Brazil Agriculture IoT Market by Offering
9.5.5.1.2 Brazil Agriculture IoT Market by Agriculture Type
9.5.5.2 Argentina Agriculture IoT Market
9.5.5.2.1 Argentina Agriculture IoT Market by Offering
9.5.5.2.2 Argentina Agriculture IoT Market by Agriculture Type
9.5.5.3 Rest of South and Central America Agriculture IoT Market
9.5.5.3.1 Rest of South and Central America Agriculture IoT Market by Offering
9.5.5.3.2 Rest of South and Central America Agriculture IoT Market by Agriculture Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AGRICULTURE IOT MARKET, KEY COMPANY PROFILES
11.1. AG LEADER TECHNOLOGY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AGCO CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DEERE AND COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DELAVAL INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EFARMER
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EMLIX GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. FARMERS EDGE INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PRECISIONHAWK, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RAVEN INDUSTRIES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TRIMBLE INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Ag Leader Technology
2. AGCO Corporation
3. Deere and Company
4. DeLaval Inc.
5. eFarmer
6. emlix GmbH
7. Farmers Edge Inc.
8. PrecisionHawk, Inc.
9. Raven Industries, Inc.
10. Trimble Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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