The Insight Partners is Leading Research Firm who recently published “IoT in Agriculture Market Research Report” which includes Growth Study, Regional Analysis, Top Industry Players Formation, Major Drivers, Upcoming Trends and Forecast to 2027.
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IoT has influenced various industry verticals and is enabling farmers to reduce waste and enhance productivity by using smart agriculture techniques. IoT in agriculture allows the farmers to monitor their crops using various types of sensor.
The IoT in the agriculture market is highly influenced by increasing adoption of IoT and Ai solutions by farmers, and government support to adopt modern agriculture techniques.
Growing demand for agriculture due to increasing popularity, growing focus towards improving the efficiency and monitoring the crops, and supporting government norms are the significant factors that are expected to drive the growth of IoT in the agriculture market.
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However, high costs of solution and limited technical knowledge are the major restraining factors for IoT in the agriculture market. Increasing connectivity, the introduction of big data in agriculture are creating opportunities for the companies operating in the IoT in the agriculture market to gain a strong customer base and generate more revenues.
Increasing adoption of pricing and structuring tools is projected to be one of the vital IoT in Agriculture trend, which during the forecast period will gain noteworthy traction. By implementing pricing and structuring tools enables management of individual portfolios and dodge the risk through automation, consistency, and transparency provided by algorithmic trading throughout the company.
Hence, the adoption of these tools is projected to optimistically impact the growth of IoT in Agriculture market.
Key Players Influencing the Market
- Climate Corporation
- Deepfield Robotics
- Farmers Edge Inc.
- Flux Farm, Inc.
- IBM Corporation
- KaaIoT Technologies, LLC
- Libelium Comunicaciones Distribuidas S.L
- Octonion SA
The global IoT in agriculture market is segmented on the basis of offering, application, and end-user. Based on offering, the market is segmented as automation and control systems, sensing and monitoring devices, livestock monitoring solutions, software solutions, and others.
On the basis of the application the market is segmented as precision farming, livestock monitoring, aquaculture, and others. Based on the end-user the market is segmented into individuals and commercial.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global IoT in Agriculture market based on various segments.
It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IoT in Agriculture market by each region is later sub-segmented by respective countries and segments.
The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the IoT in Agriculture 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 PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the IoT in Agriculture market in these regions.
Answers that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the IoT in Agriculture Market.
- Key market trends cracking up the growth of the IoT in Agriculture Market.
- Challenges to market growth.
- Key vendors of IoT in Agriculture Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global IoT in Agriculture Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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