The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth. A thorough analysis of these elements has been accepted for defining the future growth prospects of the global IoT in agriculture market.
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This report on global IoT in Agriculture market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this particular industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the global market for IoT in Agriculture.Collecting historical and recent data from various authentic resources, and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
This report studies the global IoT in Agriculture market, analyzes and researches the IoT in Agriculture development status and forecast in North America, Asia Pacific, Europe, the Middle East & Africa and Latin America. Various key players are discussed in details and a well-informed idea of their popularity and strategies is mentioned.
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Agriculture, being one of the most significant economic activities of a country, has gradually evolved from manual occupation to a highly mechanized practice in every aspect, including the data management practises. Reducing the technologies involved and the ease of their integration with the other devices is important to obtain a viable IoT system.
Owing to the increasing emphasis on food security, growing adoption of ICT in agriculture, need of data management in agriculture, and growing popularity of UAVs & drones and precision agriculture, the IoT in agriculture market is expected to grow at a CAGR of over 16% in terms of market value through 2016 to 2022.
The report is a compilation of the different systems, components, and applications of global IoT in agriculture market, including market breakdown by the application type, system type, and different geographical areas. Herein the revenue generated from each application type, namely: yield monitoring, variable rate application, filed mapping, soil monitoring, crop scouting, precision irrigation, and livestock management; and system component type, namely: tracking & positioning systems (GPS Devices, Radio Frequency Indentification (RFID)), monitoring & detection systems (sensors, UAVs/ drones, autonomous vehicles & tractors), telematics systems (network communication technologies & standards & protocols), and cloud computing devices is tracked to calculate the overall market size.
The report addresses the following questions about the global IoT in agriculture market:
What are the different factors driving the market and how will the impact of those drivers change through the forecast period?
What are the major factors challenging the growth of global IoT in agriculture market and how can they be addressed throughout the forecast period?
How will the market players leverage on key developments such as acquisitions, partnerships, and product launches among others?
Which region will lead the global IoT in agriculture market by the end of the forecast period?
How much is the revenue generated by the key system components across different geographies?
What are the prevalent application types and what is the market size for each of them?
What are the prevalent systems and the components used in these systems and what is the market size for each of them?
How will the overall competitive rivalry in the market evolve through the forecast period?
The reports have also focused on the markets restraint facts which can actually slow down the demand of global IoT in Agriculture market and hamper the regional economy. Whereas, the opportunity for its future growth is also mentioned for the customers so that they can easily understand the market scenario.
In the end, the report includes global IoT in Agriculture new project SWOT analysis, investment feasibility analysis, investment return analysis, and development analysis. The report also presents a round-up of vulnerabilities which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period.
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