Smart farming, driven by the Internet of Things (IoT), is rapidly becoming the backbone of modern agriculture. With global IoT in agriculture market size expected to grow from USD 15.42 billion in 2024 to USD 48.34 billion by 2034, at a CAGR of 12.10%, it's clear that digital transformation in farming is accelerating.
By integrating smart sensors, data analytics, and automation, IoT enables farmers to monitor and manage critical farming operations with precision. This includes everything from crop health monitoring to livestock management and greenhouse automation.
Rising concerns over unpredictable weather patterns and declining soil health are pushing farmers toward smarter solutions. Studies suggest that climate change could impact wheat and maize yields as early as 2030, and India alone lost 4.9 million hectares of crops in 2021 due to sudden climate events.
IoT offers predictive insights and real-time data to help farmers make informed decisions—ultimately reducing losses and increasing crop resilience.
Yes, absolutely. IoT-enabled devices allow real-time tracking of livestock health, environment, and feed behavior. For farms with large herds, such tools are invaluable for reducing illness and improving productivity.
Smart shelters equipped with humidity and air quality monitors further enhance living conditions for animals, leading to healthier yields and higher profitability.
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One of the biggest challenges is the high cost of devices and supporting infrastructure. For example, soil water content monitoring systems can cost between USD 50 to USD 200 per unit. In many cases, these systems also require reliable internet connectivity, trained personnel, and long-term maintenance.
In developing and emerging economies, awareness and technical literacy remain low. Many cultivators are hesitant to abandon traditional methods, especially when the return on investment is not immediately clear. This cultural and knowledge-based resistance is slowing the adoption rate in some regions.
Yes. Companies are heavily investing in next-gen solutions tailored for the agricultural sector. For instance:
In 2025, Lauritz Knudsen Electrical and Automation launched IoT tools designed for Indian farmers that reduce water usage by 30% and boost yield by 20%.
TIM Group’s Smartbio Pragas, powered by AI and IoT, delivers insights by connecting with weather stations and agricultural ERP systems.
These continuous innovations are expected to drive adoption and open new revenue streams for manufacturers and tech providers.
Yes. Europe is forecasted to lead globally in the adoption of IoT in agriculture. Countries like Germany, France, and the Netherlands are implementing AI-driven and data-backed solutions in both crop and livestock farming.
Key trends in Europe include:
Strategic public-private partnerships (e.g., Rootcode + City of Porto)
Surge in Data-as-a-Service (DaaS) for agriculture
Higher usage of sensor-equipped drones and smart irrigation systems
By Hardware Type: Precision farming hardware leads the market due to its ability to increase crop yield by 30%.
By Farm Type: Large and mid-scale farms dominate in terms of adoption due to better financial and infrastructure support.
By Production Stage: Production planning stage holds the largest market share, as real-time data is crucial for operational decisions.
Leading companies in the global IoT agriculture space include:
John Deere
Trimble Inc.
AGCO Corporation
Raven Industries
Stellapps
Climate Corporation (Bayer)
…and more, each bringing innovation and localized solutions to tackle industry challenges.
Conclusion: Is IoT the Future of Farming?
Absolutely. While there are barriers such as cost and technology adoption hesitance, the benefits outweigh the drawbacks. IoT solutions are helping build a more resilient, efficient, and data-driven agricultural ecosystem—critical in the face of global food security and climate change concerns.
As innovations become more accessible and scalable, smart farming will likely become the norm, not the exception.