New York, NY -- (SBWIRE) -- 07/01/2020 -- IoT in agriculture is an emerging concept that is steadily being implemented by farmers across the globe. Integration of IoT (Internet of Things) in agriculture simply means increase in productivity with the help of most improved technologies. These technologies include automated machines, driverless cars, connected devices, and smart wearable devices for real-time monitoring. Over the years since the introduction of IoT, the overall significance of agriculture has substantially impacted. Today, agriculture is heavily dependent on innovative devices with improved technologies owing to the increasing demand for food worldwide. Utilization of IoT in the domain ultimately impacts the prevailing challenges, such as environmental impact, weather conditions, and climate changes positively. In addition, mechanical improvements, such as harvesters, tractors, and more have improved the speed of agricultural operations, thereby impacting the reduced gap between demand and supply of food.

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COVID-19 has had an unprecedented impact on different domains including societies and economies. Similarly the integration of IoT in agriculture has witnessed major differences in the previous 6-7 months. The impact of COVID-19 on Internet of Things has substantially decreased the consumers' interest in IoT devices. Nevertheless, the pandemic has increased the demand for drones for giving real-time information about the farms and the livestock to the farmers.

Top Key Players:

Some of the prominent players in the IoT in Agriculture market include Deere & Company, Trimble Inc., Cisco Systems, Inc., AKVA group, Ag Leader Technology, Decisive Farming, Telit, AllflexUSA Inc., OnFarmSystems Inc., SmartcultivaCorporation, among others.

To obtain better insights pertaining to the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centers and companies. For instance, In April 2019, Decisive Farming, a leading integrated farm management platform announced partnership with DTN, a leading provider for actionable weather and agricultural insights. Through this collaboration, decisive farming customers were provided with increased access to precision agriculture and weather insights to help them boost production and decrease costs.

Major By Offerings of IoT in Agriculture Covered Are:

Hardware,
Software and
Services

Major By Applications of IoT in Agriculture Covered Are:

Precision Farming,
Precision Forestry,
Livestock Monitoring,
Smart Greenhouse,
and Fish Farm Monitoring

Research objectives:-

- To study and analyze the global IoT in Agriculture Market consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the IoT in Agriculture Market by identifying its various sub-segments.
- Focuses on the key global IoT in Agriculture Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the IoT in Agriculture Market with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Regional Overview:

Asia Pacific has been identified as the fastest-growing market for IoT in Agriculture market and is anticipated to contribute significantly to the global market share. This can be attributed to growing population & increase in their demands for food, and growing demand to protect crops from unpredicted climatic changes. Countries in the APAC, such as India, China, and Japan, are anticipated to provide significant growth opportunities for the global IoT in Agriculture market owing to adoption of this technology.

Table of Content:

1 Introduction of Market
1.1 Industry Overview
1.2 Scope of the Report
1.3 Assumptions

2 Executive Summary

3 Research Framework by Market Industry Reports
3.1 Data Mining
3.2 Data Validation
3.3 Primary Interviews
3.4 Data Sources List

4 IoT in Agriculture Market Overview
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Limitations
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 IoT in Agriculture Market, By Product Type
Overview of Market

6 IoT in Agriculture Market, By Application
Overview of Market

7 IoT in Agriculture Market, By End User
Overview of Market

8 IoT in Agriculture Market, By Geography
8.1 North America
8.2 Europe
8.3 Asia -Pacific
8.4 Latin America
8.5 Middle East and Africanters

In the end, IoT in Agriculture Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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