Agriculture IoT Market is outperforming over the Period 2020-2024

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MarketsandMarkets Presents

Agriculture IoT Market is outperforming over the
Period 2020-2024 Agriculture IoT Market by
Offering (Hardware, Software, Services),
Application (Precision Farming, Precision
Forestry, Livestock Monitoring, Fish Farm
Monitoring and Smart Greenhouse), Application,
and Geography - Global Forecast to
2024 https//www.marketsandmarkets.com/Market-Rep
orts/iot-in-agriculture-market-199564903.html
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The agriculture IoT market is expected to grow
from USD 12.7 billion in 2019 to USD 20.9 billion
by 2024, at a CAGR of 10.4 from 2019 to 2024. A
few key factors driving the growth of this market
are rising demand for agricultural production
owing to increasing population, increasing
adoption of Internet of Things (IoT) and
Artificial Intelligence (AI) technology by
farmers and growers, and focus on livestock
monitoring and disease detection to improve
farming efficiency. Browse 106 market data
Tables and 42 Figures spread through 204 Pages
and in-depth TOC on "Agriculture IoT Market -
Global Forecast to 2024"
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The agriculture IoT market for market for
services offering to grow at the highest CAGR
during the forecast period The agriculture IoT
market for services is expected to grow at a
higher CAGR during the forecast period. . Service
providers include companies that provide farm
operation services, data services, and farm data
analytics to software companies or directly to
farmers. Analytics services help in providing
right calls and alerts on farming operations to
improve the farmers decision-making
capabilities. System integrator service providers
are involved in troubleshooting and diagnosing
farm management solutions, which also consists in
developing new concepts related to software and
hardware equipment. Ask PDF Brochure https//www
.marketsandmarkets.com/pdfdownloadNew.asp?id19956
4903 Precision Farming to account for the
largest share of agriculture IoT market during
the forecast period Precision farming to account
for the largest share of agriculture IoT market
during the forecast period. This market growth
can be attributed to the increasing focus on
improving farm efficiency and productivity. Precis
ion farming has the potential to change the
concept of agriculture for good, making
traditional agricultural activities more
efficient and predictable. In precision farming,
farmers can use various software and hardware
devices to collect farm-related data, which would
help them make better decisions and increase the
productivity of their lands and crops.
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Agriculture IoT market in Europe is expected to
hold the second-largest share during the forecast
period Europe is expected to hold the
second-largest share of the agriculture IoT
market during the forecast period. European
farmers are already using smart agriculture
technologies such as yield monitoring, GNSS
technology in guidance and steering, variable
rate application, and crop scouting. The adoption
rate of animal tracking, dairy cattle management,
and other livestock monitoring technologies is
high in Germany. The UK is focusing on changing
its agriculture IoT landscape by entering into
the new era of technological developments to meet
the rising demand for food by a growing
population, rapid changes in climate, changing
diets, and increasing scarcity of natural
resources. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id199564903 Key Market
Players Deere Company (US), Trimble (US), Raven
Industries (US), AGCO Corporation (AGCO) (US),
AgJunction Inc. (AgJunction) (US), DeLaval
(Sweden), GEA Farm Technology (Germany), Lely
(Netherlands), Antelliq (France), AG Leader
Technology (AG Leader) (US), Tigercat (Canada),
Ponsse (Finland), Komatsu Forest AB (Sweden),
Caterpillar (US), Treemetrics (Ireland), Topcon
Positioning Systems (US), and DICKEY-john
Corporation (US) are some of the major players
in agriculture IoT market.
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