Global IoT In Agriculture- Market Analysis & Industry Forecast 2016-2024

1
Global IoT in Agriculture Market Outlook
Global IoT in Agriculture Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
Request Sample Report
Report Code AT 1335
1-646-568-7747
1-437-886-1181
44-203-318-6627
91-120-473-0422, 91-991-071-6331
sales_at_goldsteinresearch.com
Published By Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
2
Global IoT in Agriculture Market Outlook
Global IoT in Agriculture Market Share(), By
Region-2016-2024
Global IoT in Agriculture Market Size USD
(Billion). 2016-2024
Request Sample Report
Sample
Source Goldstein Research
Source Goldstein Research
In 2016, IoT Devices accounted for the highest
market share XX in Global IoT in Agriculture
market
With XX share in 2016, Tier-I region dominated
the collective Global IoT market
Global IoT Market Share (), By End Users- 2016
Global IoT in Agriculture Market Share (), By
Software-2016
Global IoT in Agriculture Market Share(), By
Components-2016
Source Goldstein Research
Source Goldstein Research
Source Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
3
Global IoT in Agriculture Market Outlook

• In 2016, IoT devices dominated the market IoT
  devices segment accounted for nearly XX of the
  total IoT market and remaining XX went for
  platforms and sensors actuators. The main
  reason for this despaired share is due to the
  rising demand for IoT market trend owing to the
  ease of data management and real time monitoring.
• The main connectivity requirements of agriculture
  IoT applications are a large coverage and low
  costs of deployment or maintenance. Most
  applications, focusing on monitoring and data
  collection have however relatively low needs in
  terms of bandwidth and low latency. This makes
  technologies such as the legacy 2G network and
  LPWA technologies (LoRa, Sigfox) particularly
  suited for most current deployment.
• As a result, if seen from the big market point
  of view, IoT devices demand is higher in
  consumer electronics followed by other
  transportation, manufacturing, energy, retail and
  healthcare facilities. Moreover, the rising IT
  expenditure in Global on the back of new
  industrial/commercial reforms and rising
  investment in IT and AI sector is expected to
  bolster the growth of IoT in Global
• The Industry 4.0 trend is seen as a transforming
  force that will deeply impact the industry. The
  trend is building on an array of digital
  technologies Internet of Things, Big Data,
  Artificial Intelligence, and of digital
  practices cooperation, mobility, open
  innovation.
• They imply a transformation of the production
  infrastructures connected farms, new production
  equipment, connected tractors and machines. They
  will enable both an increased productivity and
  quality and environmental protection. But they
  also generate modifications in the value chain
  and business models with more emphasis on
  knowledge gathering, analysis and exchange.

Growing IT Spending
Request Sample Report
Sample
Technological Advancements
Growing Penetration of Smartphone
Declining cost of sensors
Adoption Rate () of IoT Technology
North America
Europe
Asia-Pacific
XX
2016
XX
XX
2024
XX
XX
XX
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
4
Major Players Presence-Regional Analysis
Key Findings Based On Major Industry Players

• The acquisition of Cambridge Silicon Radio (CSR)
  by Qualcomm is anticipated to propel the
  companys growth up to 10 by offering solutions
  for IoT market
• Qualcomm has partnered with Philips in 2016, for
  the development of IoT in healthcare industry
• IBM has collaborated with University of
  Michigan and partnership with ATT to provide
  unique and easier tools for their developers by
  merging cloud Internet of Things (IoT)
• Microsoft acquired Solair in 2016, to promote
  IoT business. Solair offers IoT in
  transportation, manufacturing, retail and food
  beverage industry.
• Cisco has invested USD XX million in Actility
  which is a low-power wide area networking (LPWAN)
  technology provider company to boost the Internet
  of Things platform
• Cisco has announced to partnership with
  Microsoft in 2017 to offer solutions for hybrid
  IoT. Azure IoT Suite of Microsoft will be
  connecting with Cisco Fog deployments to remove
  the obstacles for critical IoT solutions
• Cisco has invested huge amount in acquisition
  of largest cloud-related companies. In 2016,
  Cisco has acquired Jasper and AppDyanamics with
  a deal amount of USD XX billion and USD XX
  billion respectively to bring the digital
  transformation of IoT platform
• IDC stated that in-store contextual marketing
  will be one of the fastest growing cross-industry
  IoT use cases between 2017 and 2021 with a XX
  percent CAGR. It obviously will play a major role
  in retail as well.
• Companies like Google are focusing towards the
  Internet of Things into agriculture sector.
  Recently Google ventures announced to invest
  approximately USD XX billion into Farm business
  Network
• Internet of Things in agriculture has a
  promising future. Major IoT companies and
  ventures are focusing on investment in
  agriculture technology. In 2015, USD XX billion
  was invested Globally in agricultural
  technology by all companies and ventures

Request Sample Report
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
5
Global IoT in Agriculture Market Size (USD
Billion)-2016-2024
Request Sample Report
Sample
Source Goldstein Research

• Global IoT in Agriculture Market is anticipated
  to expand at a compound annual growth rate of XX
  during the forecast period i.e. 2016-2024.
  Another important transformation in the
  agricultural production process is the rising
  role of automation that increases productivity by
  reducing the need for human workforce.
• To take advantage of this opportunity, and
  similarly to other industries, the agricultural
  industry sees the development of IoT platforms.
  The strategy of actors (often large players in
  the industry such as equipment manufacturers like
  John Deere or crop providers such as Monsanto) is
  to establish themselves in a dominant position
  through both technological and data platforms.
  The role of technology platforms, centered on the
  control of technological enablers, can be
  important in setting up standards and securing
  the market early on.
• Technology giants such as Siemens, Toshiba,
  Microsoft, Oracle, Hitachi, and Ericsson are
  pumping funds and research teams into the
  technology and looking forward to exploit
  opportunities in global IoT market.

6
Request Sample Report

• Growing Investments and Number of Start-ups
• While the hype around IoT has slowed somewhat as
  smart and connected devices have become nearly
  mainstream, it appears that venture interest in
  the sector hasnt waned at all. In terms of
  dollars, its growing. This trend is evident when
  we consider the number of Agritech startups that
  have mushroomed over the last five years.
• Most of these agritech startups are working on
  models driven by next-gen smart technological
  aspects viz Artificial Intelligence (AI), the
  Internet of Things (IoT), Big Data, Data
  Analytics, Predictive Learning, Deep Learning,
  and more. With investors having sensed potential
  in the agricultural sector, and with funds over
  USD XX billion estimated to have been invested in
  agritech ventures across the globe, it is only
  safe to assume that these startups would be the
  next-gen drivers of smart entrepreneurship.
• In 2017, venture capital funding into U.S.-based
  IoT startups alone reached its highest annual
  mark as investors poured USD XX billion into
  startups, according to Crunchbase data. Thats up
  XX percent from USD XX billion in 2016, and XX
  percent more than the USD XX million raised in
  2013. The year included a number of double-digit
  funding rounds. One of 2017s largest investments
  included TrackRs USD XX million Series B round,
  a Santa Barbara, Calif.-based maker of devices
  that track your lost keys and every day carry.
  Revolution led the round, which included
  participation from Foundry Group, Amazon Alexa
  Fund, DoCoMo Capital, The Glenmede Trust, and
  Bespoke Strategies.

Global Dominates Internet of Things (IoT)
Technology Outsourcing (USD Billion)
Global IoT Market Share (), By Players, 2016
Sample
Source Goldstein Research
Source Goldstein Research

• Impact Analysis-
• IoT analytics solutions enables the users to take
  important business decisions by analyzing the
  current data and predicting future outcomes based
  on the previous data available. Thus, predictive
  analytics for agriculture is acting as a huge
  driving factor for IoT analytics market

7
Request Sample Report

• Ability of Farmers to Modernize and Lack of
  Infrastructure
• One of the major essential challenges in the
  adoption of Agriculture 4.0 is the ability of
  farmers to invest and to modernize their
  practices of production. They often face a tight
  economic situation with very limited investment
  ability in new production tools and limited
  access to credit.
• Additionally the workforce is ageing, with over
  XX over 55 around the world (2013). The digital
  skills of the workforce are thus limited and
  require additional investment in training to
  adopt technologies. Furthermore, the willingness
  and ability to invest in new technologies face
  important disparities16 with the risk of creating
  important gaps in production abilities between
  regions and exploitations.
• Finally, another important challenge in the
  adoption of the IoT in agriculture is the
  development of communication infrastructures in
  rural areas. Current wireless communication
  networks have been deployed with a B2C focus,
  having a strong emphasis on urban areas.

Rural Urban Population ()- World

• XX of the total population of the world
  population is lived at or below USD 1.90 per day
  in the year 2012
• In Global, XXX Million people living at or below
  USD X per day
• In East-Asia region, XX of the total population
  of this region living below poverty line in 2012
• In United States, the population lies below
  poverty line is XX of the total population of
  the country

Sample
48
52

• Impact Analysis-
• There are many technological challenges,
  including Security, Connectivity, Compatibility
  Longevity
• IoT has already turned into a serious security
  concern that has drawn the attention of prominent
  tech firms and government agencies across the
  world. The hacking of baby monitors, smart
  fridges, thermostats, drug infusion pumps,
  cameras and even the radio in your car are
  signifying a security nightmare being caused by
  the future of IoT

Impact on Global IoT in Agriculture Market
8
Request Sample Report
Global IoT in Agriculture Market Share (), By
Components, 2016-2024

• Asia-Pacific IoT platform services market is
  expected to expand at a CAGR of XX during the
  forecast period i.e. 2016-2024. Modernization of
  lifestyle and penetration of internet among the
  population in Global, China, Japan and other
  major economies along with the rising awareness
  towards IOT advantages are propelling the demand
  for IoT Market
• Advancement in every devices by implementing
  internet of things and artificial intelligence
  technologies tends to enhance the design and test
  functionality of devices. Enhancement in design
  and portability of IoT devices are driving the
  growth of IoT market
• IoT Platforms tends to dominate the market by XX
  of market share owing to the mature market of the
  IoT devices and increasing demand of advanced
  solutions. The role of technology platforms,
  centered on the control of technological
  enablers, can be important in setting up
  standards and securing the market early on.

Sample
Source Goldstein Research
Global IoT in Agriculture Market Y-O-Y Growth, By
Components, 2016-2024
Source Goldstein Research
Global IoT in Agriculture Market Size (USD
Billion), By Components-2016-2024
Source Goldstein Research
9
Request Sample Report
Global IoT in Agriculture Market Size (USD
Billion), By Services, 2016-2024

• Global IoT devices market was USD XX billion in
  2016, expected to attain the growth rate of XX
  over the forecast period and reach USD XX Billion
  by 2024.
• North America IoT devices market dominate owing
  to the largest app developer economics closely
  followed by Europe with XX market share in
  global IoT services market.
• Major drivers of IoT Devices market are internet
  penetration, advanced IT system and awareness.
• Managed IoT services are expected to see the
  fastest growth, at a compounded annual rate
  (CAGR) of XX per cent. Translating to USD XX
  million of annual business for global companies.
  Product engineering has the largest share of
  global IoT services, with USD XX million business
  in 2017.
• However, more than XX of farmers are not able
  opt for advance due to high initial investment
  which is the major challenge for the growth of
  IoT in smart agriculture

Sample
Source Goldstein Research
Global IoT in Agriculture Market Y-O-Y Growth, By
Services, 2016-2024
Source Goldstein Research
Smart Agriculture Market Size (USD Billion )by
Application, 2016-2024
2016
2024
Source Goldstein Research
10
Global IoT in Agriculture Market
Attractiveness-By Components, 2016-2024
Request Sample Report
CAGR ()
Sample
Market Size (USD Billion)
Source Goldstein Research
Global Internet of Things (IoT) devices market is
the major revenue generated segment among the IoT
components. The rapid adoption of smart and
connectivity devices further makes this market
most attractive for business players followed by
IoT actuators sensors market. According to
BPS analysis graph, IoT platform and IoT
actuators sensors market are expected to rise
by XX BPS XX BPS respectively. The rising
demand for sensors in manufacturing and consumer
electronics sector further creates huge
opportunities for the market players to increase
the demand for IoT components
Global IoT in Agriculture Market BPS Analysis- By
Components, 2016-2024
Source Goldstein Research
11
Request Sample Report
North America IoT in Agriculture Market Size (USD
Billion)-2016-2024
Sample
Source Goldstein Research
North America North America IoT in Agriculture
Market Size (USD Billion), By Components,
2016-2024
North America North America IoT in Agriculture
Market Size (USD Billions), By Country-2016-2024
Source Goldstein Research
Source Goldstein Research
12
Request Sample Report
United States IoT in Agriculture Market Size (USD
Billion), Compound Annual Growth Rate (), Y-O-Y
Growth Rate (), 2016-2024
Sample
Source Goldstein Research
Venture Investment Into US-Based Internet of
Things Startups
Key Insights
In the past, precision agriculture technology was
implemented by big agribusinesses due to high
costs. Nowadays, a continuing decrease in remote
sensor costs and advances in cloud-computing
technology, tablets, and smart devices have made
precision agriculture affordable by many
farmers." And with about XX of U.S. farms being
family operated, the market is huge for these
sensor technologies. The use of modern
telecommunications in agriculture teams IoT with
other technologies. For instance, IoT can combine
with drones to conserve as much as XX of
irrigation water and reduce chemical use by XX to
XX. these benefits drove investment in
agricultural drone technology increases of XXX
between 2013 and 2015.
Source Crunchbase
There also will be innovation. For instance, in
2016 IBM, WISP OnlineNW and the Dayton, OR school
district jointly ran a project to control the
mildew that damages grapevines. The project was
based on using data generated by a mesh network
of wireless sensors throughout a large vineyard.
Students participated in a number of tasks,
including creating mobile apps. The IoT ability
to constantly assess large areas and provide
other services that free up workers makes it a
good fit for what farmers do. It also is useful
for smaller tasks, such as those carried out in
dairy, vegetable and fruit farming and in
greenhouses.
13
North America IoT in Agriculture Market
Attractiveness-By Country, 2016-2024
Request Sample Report
CAGR ()
Market Size (USD Billion)
Source Goldstein Research
Sample
According to the above graph, U.S. IoT in
Agriculture market is anticipated to be the most
attractive market across all the countries in IoT
in Agriculture Market, for new entrants looking
to enter in the market, existing players looking
for business expansion in agriculture sector and
investors seeking investment opportunities over
the forecast period i.e. 2016-2024 According to
the U.S. Department of Agriculture, over XX
percent of U.S. agricultural input dealers offer
some kind of variable-rate-technology services.
However, less than XX percent of acreage is
managed using these technologies due to the high
cost. Ideally, as the benefits of precision
agriculture become more well-known, the use of
the technology will become more widespread, and
the costs will decrease.
North America North America IoT in Agriculture
Market BPS Analysis- By Country, 2016-2024
Source Goldstein Research
14
Request Sample Report
Thank you