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The infographic below contains key findings from our analysis of the IoT market in smart farming
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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.
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
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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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.
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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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: REGIONAL LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: KEY VENDOR ANALYSIS
PART 14: APPENDIX
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