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Global IoT Market in Smart Farming 2017-2021

  • Published: Oct 2017
  • Pages: 86
  • SKU: IRTNTR15196
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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.

The infographic below contains key findings from our analysis of the IoT market in smart farming   

 

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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?

 

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market overview
  • Global IoT market in smart farming by water supply management
  • Global IoT market in smart farming by precision agriculture
  • Global IoT market in smart farming by IPM/C
  • Global IoT market in smart farming by other applications

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Market overview
  • Global IoT market in smart farming by hardware products
  • Global IoT market in smart farming by software products
  • Global IoT market in smart farming by services

PART 08: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast
  • APAC – Market size and forecast
  • EMEA – Market size and forecast
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Big data in smart farming
  • Predictive analytics in smart farming
  • Increasing smart farms in developing economies

PART 12: VENDOR LANDSCAPE

  • Competitive scenario
  • Other prominent vendors

PART 13: KEY VENDOR ANALYSIS

  • Cisco
  • IBM
  • KaaIoT Technologies
  • Oracle
  • Trimble

PART 14: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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