Global IoT in Smart Farming Market Report 2023: Need for Increased Business Efficiency Through Farming Process Automation Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global IoT in Smart Farming Market by Component (Hardware, Services, Software), Product (Climate Monitoring, Fish Farm Monitoring, Livestock Monitoring), Application, Deployment - Cumulative Impact of High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The Global IoT in Smart Farming Market size was estimated at USD 805.11 million in 2022, USD 882.77 million in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.78% to reach USD 1,698.69 million by 2030.

Market Dynamics

Drivers

• Growing Adoption of the Internet of Things in Improving Farming Practices
• Need to Gain Better Control Over the Process of Raising Livestock and Growing Crops
• Rising Focus on Cost Management and Waste Reduction

Restraints

• Infrastructural Mobility Limitations

Opportunities

• Increased Business Efficiency Through Farming Process Automation
• Development of End-To-End Farm Management Systems
• Challenges
• Privacy and Security Concerns

Market Segmentation & Coverage:

• Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Control & Monitoring Devices, Display Devices, and Sensors. The Services is further studied across Assisted Professional Services, Connectivity Services, Maintenance & Support, Managed Services, and System Integration & Consulting. The Hardware is projected to witness significant market share during forecast period.
• Based on Product, market is studied across Climate Monitoring, Fish Farm Monitoring, Livestock Monitoring, Smart Greenhouse, Smart Irrigation, and Waste Technology. The Fish Farm Monitoring is projected to witness significant market share during forecast period.
• Based on Application, market is studied across Crop Scouting, Farm Labor Management, Field Mapping, Financial Management, Inventory Management, Irrigation Management, Weather Tracking & Forecasting, and Yield Monitoring. The Weather Tracking & Forecasting is projected to witness significant market share during forecast period.
• Based on Deployment, market is studied across On-Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global IoT in Smart Farming Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report answers questions such as:

1. What is the market size and forecast of the Global IoT in Smart Farming Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global IoT in Smart Farming Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global IoT in Smart Farming Market?
4. What is the competitive strategic window for opportunities in the Global IoT in Smart Farming Market?
5. What are the technology trends and regulatory frameworks in the Global IoT in Smart Farming Market?
6. What is the market share of the leading vendors in the Global IoT in Smart Farming Market?
7. What modes and strategic moves are considered suitable for entering the Global IoT in Smart Farming Market?

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

6. IoT in Smart Farming Market, by Component

6.1. Introduction

6.2. Hardware

6.2.1. Control & Monitoring Devices

6.2.2. Display Devices

6.2.3. Sensors

6.3. Services

6.3.1. Assisted Professional Services

6.3.2. Connectivity Services

6.3.3. Maintenance & Support

6.3.4. Managed Services

6.3.5. System Integration & Consulting

6.4. Software

7. IoT in Smart Farming Market, by Product

7.1. Introduction

7.2. Climate Monitoring

7.3. Fish Farm Monitoring

7.4. Livestock Monitoring

7.5. Smart Greenhouse

7.6. Smart Irrigation

7.7. Waste Technology

8. IoT in Smart Farming Market, by Application

8.1. Introduction

8.2. Crop Scouting

8.3. Farm Labor Management

8.4. Field Mapping

8.5. Financial Management

8.6. Inventory Management

8.7. Irrigation Management

8.8. Weather Tracking & Forecasting

8.9. Yield Monitoring

9. IoT in Smart Farming Market, by Deployment

9.1. Introduction

9.2. On-Cloud

9.3. On-Premises

10. Americas IoT in Smart Farming Market

11. Asia-Pacific IoT in Smart Farming Market

12. Europe, Middle East & Africa IoT in Smart Farming Market

13. Competitive Landscape

14. Company Usability Profiles

15. Appendix

Companies Mentioned

• AGCO Corporation
• AgJunction
• Cisco Systems, Inc.
• International Business Machines Corporation
• John Deere Company Inc.
• KaaIoT Technologies, LLC
• Oracle Corporation
• Precision Planting LLC
• Pycno
• Raven Industries, Inc.
• SemiosBio Technologies
• Telit
• Topcon Positioning Systems, Inc.
• Trimble Inc.
• Virtus Nutrition, LLC

For more information about this report visit https://www.researchandmarkets.com/r/h7ggz3

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