PUBLISHER: The Business Research Company | PRODUCT CODE: 1664429
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664429
IoT in agriculture involves the utilization of cameras, sensors, and various technologies to transform every aspect and activity in farming into informed data. This contributes to the improvement of the overall agricultural system by providing continuous monitoring of the field.
The primary categories of Internet of Things (IoT) in agriculture include small farms, mid-sized farms, and large farms. Small farms are characterized by arable land with an area not exceeding what can be farmed without the permanent employment of non-family labor by the controlling farmer. This application is available in various components such as hardware, software, and connectivity, and finds utility in diverse applications such as livestock monitoring, smart greenhouses, precision forestry, fish farms, and others.
The Internet of Things (IoT) in agriculture market research report is one of a series of new reports from The Business Research Company that provides Internet of Things (IoT) in agriculture market statistics, including Internet of Things (IoT) in agriculture industry global market size, regional shares, competitors with a Internet of Things (IoT) in agriculture market share, detailed Internet of Things (IoT) in agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the Internet of Things (IoT) in agriculture industry. This Internet of Things (IoT) in agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The internet of things (IoT) in agriculture market size has grown strongly in recent years. It will grow from $14.87 billion in 2024 to $16.29 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to data analytics for decision support, integration of autonomous machinery, crop monitoring solutions, livestock monitoring and welfare, water management solutions.
The internet of things (IoT) in agriculture market size is expected to see rapid growth in the next few years. It will grow to $25.46 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to government initiatives and funding, integration of AI and machine learning, data-driven decision making, rise in demand for smart farming solutions, focus on sustainability and resource management. Major trends in the forecast period include precision agriculture adoption, rising demand for smart farming, climate change resilience, water management solutions, livestock monitoring and welfare.
The growing demand for food is playing a significant role in driving the expansion of the Internet of Things (IoT) within the agriculture market. Food demand refers to consumers' desire to purchase food products, gauged by levels of demand and consumption. The implementation of IoT in agriculture enhances productivity by tracking various data related to farming, including weather conditions, soil quality, livestock health, and crop growth progress. This allows farmers to minimize the risk of production losses by identifying anomalies in crop development or animal health. As a result of these advantages, the demand for IoT solutions in agriculture is increasing. For example, in August 2024, the Department for Environmental Food and Rural Affairs, a UK government department, reported that the agri-food chain contributed $188.64 billion (£147.8 billion), or 6.5%, to the national gross value added in 2022. The gross value added by the food chain (excluding agriculture and fishing) was $169.62 billion (£132.9 billion), reflecting a 15.4% rise from the previous year. Consequently, the growing food demand is driving the adoption of IoT in the agriculture sector.
The escalating impacts of climate change are expected to further boost the growth of IoT in the agriculture market in the coming years. Climate change refers to long-term shifts in average weather patterns that have historically been observed in specific regions or globally. The use of IoT in agriculture is vital for mitigating and adapting to the effects of climate change, providing farmers with actionable data, insights, and tools for more resilient and sustainable farming practices. For instance, in October 2023, a report by the World Health Organization (WHO), a Switzerland-based intergovernmental organization, indicated that around 3.6 billion people live in areas highly susceptible to the effects of climate change as of 2023. It is projected that between 2030 and 2050, climate change could result in an estimated annual increase of approximately 250,000 deaths due to factors like undernutrition, malaria, diarrhea, and heat stress. Therefore, the rising effects of climate change are propelling the growth of IoT in the agriculture market.
Technological advancements are a significant trend gaining traction in the Internet of Things (IoT) within the agriculture market. Leading companies in this sector are focusing on integrating new technologies into precision farming and expanding the applications of IoT in agricultural practices. For example, in February 2024, Spacecom, an Israel-based telecommunications firm, introduced its Satellite IoT-as-a-Service to transform digital agriculture in Sub-Saharan Africa, with an emphasis on precision farming. This initiative is a collaboration with Ayecka and leverages Spacecom's AMOS GEO satellites along with Ayecka's AR-1100 satellite terminals, offering a comprehensive off-grid solution for efficient IoT services in rural areas.
Companies in the IoT agriculture market are developing innovative products, such as fertilizer technologies, to expand their customer bases, increase sales, and boost revenue. Fertilizer technology encompasses the scientific and engineering advancements related to the creation, production, and application of fertilizers. For instance, in October 2023, Enfarm Agritech, a Singapore-based agricultural technology firm, launched smart fertilizer. The key feature of Enfarm Agritech's smart fertilizer is its potential to reduce farmers' fertilizer costs and enhance yields by up to 20 percent. This technology uses sensors and IoT to continuously monitor soil conditions, accurately assessing the optimal amount of fertilizer needed for coffee plantations. Moreover, it offers precise irrigation recommendations based on specific soil types, integrates weather data, provides price forecasting insights, diagnoses pest and disease issues, and employs artificial intelligence to respond to farmers' inquiries.
In July 2023, CultYvate, an agriculture company based in India, partnered with Dhiway to transform agriculture through innovative blockchain-backed IoT integration. This collaboration aims to enhance the agricultural supply chain by utilizing blockchain technology for improved traceability, data management, and security. Dhiway, also based in India, specializes in supply chain traceability and seeks to create a secure and transparent digital identity for products across various sectors.
Major companies operating in the internet of things (IoT) in agriculture market include Trimble Inc., Deere & Company, AGCO Corporation, Topcon Positioning Systems Inc., The Climate Corporation, AgJunction Inc., DICKEY-john, Gamaya, AgriData Incorporated, AgEagle Aerial Systems Inc., Grownetics Inc., Auroras s.r.l., Granular Inc., Intervet Inc., Raven Industries Inc., Cisco Systems Inc., International Business Management Corporation, Telit, Hitachi Ltd., TELUS Agriculture Solutions Inc., OnFarm Systems Inc., Farmers Edge Inc., SlantRange Inc., TeeJet Technologies Pvt. Ltd.
Asia-Pacific was the largest region in the internet of things (IoT) in agriculture market in 2024. The regions covered in the internet of things (iot) in agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the internet of things (iot) in agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The IoT in the agriculture market consists of revenues earned by entities by providing IoT in the agriculture services such as crop monitoring, fertilizer management, irrigation management, pest management. The market value includes the value of related goods sold by the service provider or included within the service offering. The IoT in the agriculture market also includes sales of light intensity sensors, CO2 and O2 sensors which are used in providing IoT in the agriculture services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Internet of Things (IoT) in Agriculture Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on internet of things (iot) in agriculture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for internet of things (iot) in agriculture ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The internet of things (iot) in agriculture market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.