IOT in Agriculture Market - Demand And Overview In 2023

The IOT in agriculture market Size was valued at $27.1 billion in 2021, and is estimated to reach $84.5 billion by 2031, growing at a CAGR of 12.6% from 2022 to 2031. IoT (Internet of Things) in agriculture refers to the use of connected devices and sensors to collect data on various aspects of agricultural operations. The data collected by these devices can be analyzed to provide insights and make data-driven decisions to optimize operations, increase efficiency, and improve crop yield and quality.

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Some of the major players analyzed in the global Internet of Things (IoT) in agriculture report include Cisco Systems, Inc., International Business Management Corporation (IBM), Telit, Hitachi, Ltd, Decisive Farming, Trimble Inc., OnFarm Systems Inc., Farmers Edge Inc., SlantRange, Inc., and The Climate Corporation.

Key Market Findings

• Based on application, the Precision farming segment dominated the global market in the year 2021 and is likely to remain dominant during the IOT in agriculture market Forecast period.

• Based on the system, the software segment dominated the global market in the year 2021 and is likely to remain dominant during the forecast period.

• Based on farm type, the large farm segment dominated the global market in the year 2021 and is likely to remain dominant during the forecast period.

• Based on region, the Asia-Pacific region segment dominated the global market in the year 2021 and is likely to remain dominant during the forecast period.

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