Global IoT Market in Smart Farming 2017-2021

The global IoT market size in smart farming will grow to USD 4.47 billion by 2021. This report provides an analysis of the market by product (hardware, software, and services), by application (water supply management, precision agriculture, IPM/C, and others), and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including Cisco, IBM, KaaIoT Technologies, Oracle, and Trimble.

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Overview of the global IoT market in smart farming

The increasing IoT solutions for remote monitoring to be one of the primary IoT market drivers in smart farming. Smart farming seamlessly monitors the entire farming and production chain. IoT solutions deployed for remote monitoring involve components such as sensors, smart technologies, connecting devices, and systems.  Automation and IoT aid in real-time data analysis and in making autonomous decisions to improve crop cultivation and overall productivity. The  IoT market report predicts the market to grow steadily at a CAGR of around 11% by 2021.

Using big data, agricultural operations acquire better control of data such as digital maps of land surfaces, farm management, and machine data. Farmers are steadily adopting IoT and big data as large farms generate a large amount of data that can be accurately assessed for the benefit of farming operations. The advent of big data in smart farming is identified to be one of the key IoT market trends.

Competitive landscape and key vendors

The market is significantly concentrated with key vendors focusing extensively on geographical expansion in developing regions. Key vendors in the IoT Market in smart agriculture are offering new and cutting-edge technology that will benefit the farmers. These end-users prefer well-established and emerging service providers in developed and developing regions. Supported by the adoption of IoT, integration of cloud platforms and sensors will contribute towards the growth of the IoT Market in Smart Agriculture.

According to the IoT market analysis, the leading vendors in the market are

• Cisco
• IBM
• KaaIoT Technologies
• Oracle
• Trimble 

The other prominent vendors in the market are Virtus Nutrition, John Deere, Precision Planting, Accenture, AGCO, Auroras, CEMA, DigiReach, Libelium, Link Labs, Mouser Electronics, Postscapes, Pycno, SemiosBio Technologies, Senix, Senseye, Sensolus, SmartFarming, Softweb Solutions, Solution Analysts, and Topcon Positioning Systems.

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Segmentation by product type and analysis of the IoT market in smart farming

• Hardware
• Software
• Services

IoT in agriculture and smart farming comprises sensors, actuators, routers, gateways, and microcontrollers. The increasing adoption of wireless sensors in smart fields and reduced cost of sensors is contributing towards the growth of the sensors in the hardware segment. Also, the growing implementation of automation technology is contributing towards the growth of the IoT Market in smart agriculture.

Segmentation by application and analysis of the IoT market in smart farming

• Water supply management
• Precision agriculture
• Integrated pest management/control (IPM/C)

IoT systems are increasingly used in smart farming for water supply management applications. IoT in agriculture implements automation and caters to the demand for fresh water and the rising need to prevent wastage. Irrigation systems are equipped with sensors that monitor and provide the required water supply.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global IoT market in smart farming?
• What are the key market trends impacting the growth of the global IoT market in smart farming?
• What are the challenges to market growth?
• Who are the key vendors in the global IoT market in smart farming?
• What are the market opportunities and threats faced by the vendors in the global IoT market in smart farming?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global IoT market in smart farming?