IoT in Agriculture Market
IoT in Agriculture Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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IoT in Agriculture Market Size and Growth
The IoT in Agriculture market is experiencing rapid growth, driven by increased demand for precision farming and resource management. The market size is projected to reach approximately $20 billion by 2026, reflecting a CAGR of around 25%. Favorable conditions include technological advancements and rising investments in agri-tech solutions.
Companies Covered
(Covid 19 Impact Covered)
◍ AGCO
◍ John Deere
◍ DeLaval
◍ Afimilk
◍ Trimble
◍ Raven Industries
◍ Topcon Positioning Systems
◍ Hexagon Agriculture
◍ Ag Leader Technology
The IoT in Agriculture market features key players like AGCO, John Deere, and DeLaval, utilizing IoT for precision farming, livestock monitoring, and data analytics. Companies enhance yield and efficiency through smart devices, cloud solutions, and real-time insights. Sales revenues include John Deere: $43 billion, AGCO: $11.1 billion.
Market Segmentation
By Application
By Product
◍ Sensing
Data Management ◍ Precision Crop Farming
Indoor Farming
Livestock Monitoring
Aquaculture
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Communication
Cloud Computing
$ 32.96 Billion
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