Global IoT in Agriculture Market grows significantly
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 a 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 the efficiency of farming is another factor that impelling the growth
of the market across the globe. Moreover, the 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 the 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 limit the growth of the market across the world.
The regional analysis of
Global IoT in Agriculture Market is considered for the key regions such as Asia
Pacific, North America, Europe, Latin America and Rest of the World. North
America is the leading/significant region across the world in terms of market
share due to the early adoption of technologies in agriculture-based activities
in the region. Europe is estimated to grow at a stable growth rate in the
global IoT in Agriculture market over the upcoming years. Further, Asia-Pacific
anticipated exhibiting higher growth rate / CAGR over the forecast period
2018-2025 owing to growing government initiatives, increasing population and
increasing demand for food in the region.
The
major market player included in this report are:
·
Qualcomm
·
Bosch
·
Fujitsu
·
Ericsson
·
Monsanto
·
SABIC
·
Neste
·
Braskem
·
Sinopec Group
·
DowDuPont
The objective of the study is to define market sizes of different segments & countries in recent
years and to forecast the values to the coming eight years. The report is
designed to incorporate both qualitative and quantitative aspects of the
industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial
aspects such as driving factors & challenges which will define the future
growth of the market. Additionally, the report shall also incorporate available
opportunities in micro markets for stakeholders to invest along with the
detailed analysis of competitive landscape and product offerings of key
players.
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
By
Regions:
·
North America
·
The U.S.
·
Canada
·
Europe
·
UK
·
Germany
·
Asia Pacific
·
China
·
India
·
Japan
·
Latin America
·
Brazil
·
Mexico
·
Rest of the World
Target The audience of the Global IoT in Agriculture Market in Market Study:
·
Key Consulting Companies & Advisors
·
Large, medium-sized, and small enterprises
·
Venture capitalists
·
Value-Added Resellers (VARs)
·
Third-party knowledge providers
·
Investment bankers
·
Investors
Contact
Details:
Aarkstore
Enterprise
Phone:
+91 998 729 5242 | contact@aarkstore.com
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