Product ID: UCMIG45B2009
Agriculture IoT Market Size, Share, Growth Analysis, By Type(Sensing and Monitoring System, Automation and Control System), By Application(Smart Greenhouse, Precision Farming), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG45B2009 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Agriculture IoT Market Insights
Market Overview:
The adoption of the Internet of Things (IoT) and artificial intelligence (AI) by farmers and growers, the growing emphasis on livestock monitoring and disease detection, the high demand for fresh products, population growth, the loss of arable land, the rapid adoption of aquaculture monitoring and feed optimization devices in developing countries, and the strong government support for precision farming practises are some of the factors that are driving the growth of the agriculture IoT market. The adoption of IoT and cloud-based solutions is rising along with the use of precision farming methods, which is driving the growth of the agriculture IoT market. The expansion of this industry is also being fueled by substantial government measures to promote advanced farming methods, the growing population, the rising demand for high-quality food items, and the decreasing amount of arable land.
Agriculture IoT Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Agriculture IoT Market Report Snapshots
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