Iot in agriculture market Revenue, Opportunity, Forecast and Value Chain 2020-2028
The global IoT in Agriculture Market will be worth USD 27.22 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing population worldwide coupled with the increasing demand for food in developing countries. The farmers are trying to enhance agricultural productivity in order to meet the growing demand for food by incorporating IoT based technologies in agricultural practices.
Emergen research has recently published a detailed report on the global Iot in agriculture marketformulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Iot in agriculture marketthrough verified and validated data curated to offer accurate insights.
The Global Iot in agriculture marketreport contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Iot in agriculture marketin each key region of the world.
Get access to the full description of the report @ https://www.emergenresearch.com/industry-report/iot-in-agriculture-market
Key Highlights From The Report
- In October 2019, Raven Industries announced to acquire majority ownership of the DOT autonomous platform. The acquisition will accelerate the development of precision agricultural technology from semi to fully autonomous solutions.
- Hardware held the largest market share of 48.3% in the year 2019 as it enhances crop productivity and quality.
- Livestock monitoring is forecasted to grow with the fastest CAGR of 11.3% over the forecast period. It helps the farmers lower labor costs and prevents the spread of diseases among the cattle.
Covid 19 impact analysis:
This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Iot in agriculture market business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
The latest research report presents an all-inclusive study of the estimated Iot in agriculture marketmarket size, value, and share in the foreseeable future. The report includes expert opinion on the market’s current landscape, alongside assessing the ongoing market trends. The report thus includes a broad segmentation of the market, comprising the major product types and application ranges, and further determines the revenue, price, sales, production, growth rate, and the forecast market share of each market segment.
Research objectives:
· The global Iot in agriculture market report studies the worldwide market consumption rate in terms of value and volume.
- It identifies the various sub-segments of the market structure.
- It proffers information regarding the leading global manufacturers in this industry, describing their Iot in agriculture market market value & share, sales volume, competitive analysis, SWOT analysis, and development strategies adopted during the forecast timeline.
- The report describes the key industry players, with respect to their individual growth trends, future prospects, and contribution to the global market, and explains the factors related to their market growth potential, drivers, opportunities, threats, and industry-specific challenges.
· Furthermore, the report underpins the strategic developments occurring in the global Iot in agriculture market
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Key Objectives of the Global Iot in agriculture market Market Report:
· An all-inclusive analysis and forecast estimation of the market have been included in this report.
· The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Iot in agriculture market market and its leading players.
· The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
Emergen Research has segmented the global IoT in Agriculture Market on the basis of Offering, Application, and region:
- Offering Outlook (Revenue, USD Billion; 2017-2027)
- Software
- Hardware
- Services
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Livestock Monitoring
- Smart Greenhouse
- Precision Forestry
- Fish Farm Monitoring
- Precision Farming
- Others
Regional Outlook:
The report offers a comprehensive analysis of the current growth opportunities for various regions of the Iot in agriculture market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
The report, additionally, presents a comprehensive analysis of the key elements of the Iot in agriculture market market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors.