Global IoT in Agriculture Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The Global IoT in Agriculture Market Analysis, 2020 market research report depicts a deep-dive market analysis of statistics of Global IoT in the Agriculture market which consists of region-wise market size, market forecast, CAGR market segmentation, market share of various types of components, applications, agriculture type, etc.

According to MarkNtel Advisors’ market research report titled “Global IoT in Agriculture Market Analysis, 2020”, the IoT in Agriculture market across the globe is forecast to grow at the CAGR of 10.20% during 2020-25. The major factors attributed to the growth of the Global IoT in Agriculture market are- the need for a sustainable solution for the farm monitoring that includes monitoring of yields and crops, soil, weather, and climate, etc. However, the impact of COVID-19 pandemic across the globe has turned out to be bottleneck in IoT spending in 2020, but it is expected that the spending would surge post Q3 of 2020.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global IoT in Agriculture Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020

Moreover, the increasing need for food production due to the surging population and escalating statistics of global hunger is pressing the need for IoT integration in agriculture for operation efficiency and better productivity. Furthermore, the escalating adoption of IoT-integrated equipment for predictive maintenance and prevention from unexpected downtime in developed counties such as the U.S, China, etc., is one of the prime factors due to which the IoT solution deployment in the agriculture sector is witnessing an uptick.

Government’s Support to Agriculture Industry to Strengthen Europe’s Market Share
In 2019, North America acquired the major market share owing to the wide adoption of IoT technology in the agriculture sector in a very early phase. Also, the presence of well-established solution providers in the region is also contributing to the growth of the market.

Furthermore, Europe market is also projected to attain significant share in the market due to surging government support in the growth of the agriculture sector by investing in technology modernization For instance, European governments announced a project “Internet Food & Farm 2020” in 2017 with the investment worth USD 35.4 million that aimed at the integration of IoT-based solution in the agriculture sector in the region. Also, the European Union announced a 7-year plan with an investment of USD 26 billion for the modernizing farming and rural development in 2017.

Precision Farming Application to Witness an Uptick
In 2019, the precision farming acquired the major market share and the trend is expected to remain the same in the forecast period as well. The IoT integration in the precision imaging for the monitoring of soil, water, and weather coupled with the real-time data gathering about the equipment’s health and farm’s condition with the help of drones’ sensors, controllers, etc. are promulgating the rise in the market share of precision farming.

Furthermore, the demand for consultation for the IoT solution integration, maintenance, and repair or upgradation or retrofitting of any part or software contributes to the demand for services. Also, the service providers in the developed countries for the data analytics for better decision making is contributing to the increasing market share, as stated in the MarkNtel Advisors’ research report “Global IoT in Agriculture Market Analysis, 2020”.

According to MarkNtel Advisors, the availability of numerous local and foreign players across the countries makes the global industry highly competitive. The key players with a considerable share in the industry are Trimble Inc., Deere and Company, Agco Corporation, Raven Industries, Deleaval, GEA Group, Agjunction, Antelliq, Ponsse, Komastu Forest, DJI, Granular, Hexagon Agriculture, Crop metrics, Dickey-John, among others.
The players are launching new products and doing strategic alliances to gain a competitive advantage in the industry.

Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global IoT in Agriculture Industry?
2. What are the region-wise industry size, growth drivers and challenges, and key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and, challenges Global IoT in Agriculture market?
4. Who are the key competitors or market players and how they perform in the Global IoT in Agriculture benchmarking matrix?

TABLE OF CONTENT

1. Introduction
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary
3. Global IoT in Agriculture Market Overview
4. Expert Verbatim- What our Experts Say?
5. Impact of Covid-19 on the Global IoT in Agriculture Market
6. Global IoT In Agriculture Market Start-Up Ecosystem

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