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

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

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Climatic changes, scarcity of water and severe weather condition negatively impacts the agricultural production. As per United Nations, agricultural production must be increased by 50% by 2050 so that worldwide food demand will be fulfilled. Government is also actively initiating projects and activities to create awareness and to improve the agricultural development. Acquisitions and partnerships between public and private sector are promoting investment for implementation of internet of things (IoT) in agriculture and technology based agriculture projects. Thus, global IoT in agriculture market valued USD 4.40 billion in 2015 and is projected to grow at CAGR of 28.30% during the forecast period. – PowerPoint PPT presentation

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Title: 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
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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
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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
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Research
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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
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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
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Research
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Research
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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

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Global IoT in Agriculture Market Size (USD
Billion)-2016-2024
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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
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  • 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
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  • 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
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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
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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
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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
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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
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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
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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
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