IoT In Agriculture Market Drivers, Restraints, Merger, Acquisition, SWOT Analysis, PESTELE Analysis And Business Opportunities By 2027
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The increasing global population, coupled with the rising demand for food in the developing countries, are driving the demand of the market.
The global IoT in Agriculture Market will be worth USD 27.22 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing population worldwide coupled with the increasing demand for food in developing countries. The farmers are trying to enhance agricultural productivity in order to meet the growing demand for food by incorporating IoT based technologies in agricultural practices. Increasing adoption of the crop management devices to monitor crop growth and protect the field from any infestations is expected to drive the growth of the market over the forecast period.
The research offers a bird’s eye view of the current market scenario regarding the operations of the leading companies in the IoT in Agriculture market. The report presents an extensive analysis of the leading players with regards to their business portfolio, product portfolio, market share and size, global reach and position, revenue share, gross profit margins, and production and manufacturing capacity.
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Increasing adoption of IoT based technologies in greenhouses has made them technologically advanced as they eliminated human-intervention and made the processes more cost-effective. The IoT sensors powered by solar energy help minimize water consumption and monitor the greenhouse state precisely in real-time.
Radical Highlights of the IoT in Agriculture Market Report:
- Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
- Focus on market scenario, dynamics, and trends to be expected in the coming years
- Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
- Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
- Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as M&A activities, revenue, market positions, market share, global position, and financial standing
- Key participants include Agco Corporation, Deere and Company, GEA Group, Trimble Inc., Agjunction, Raven Industries, Antelliq, Delaval, Ponsse, and CropMetrics LLC, among others.
Covid Analysis
The research report draws focus on the impact of the COVID-19 pandemic on the market and its crucial segments. It offers insights into the effects of the pandemic on the global economic scenario and business sphere. The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements.
Financial difficulties brought by the pandemic have slowed down the progression of the businesses, and disruptions in the supply chains have been seen. The report assesses the comprehensive impact of the pandemic on the overall growth of the IoT in Agriculture market and offers a future impact assessment.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
· Offering Outlook (Revenue, USD Billion; 2017-2027)
o Software
o Hardware
o Services
· Application Outlook (Revenue, USD Billion; 2017-2027)
o Livestock Monitoring
o Smart Greenhouse
o Precision Forestry
o Fish Farm Monitoring
o Precision Farming
o Others
The IoT in Agriculture market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Key Geographical Segments Analyzed in the Report:
- North America (U.S., Canada)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Major Highlights of the ToC:
Market Dynamics:
· Market Trends
· Opportunities
· Market Drivers
· Challenges
· Influence Factors
Developmental Trend Analysis:
· Market Trend Analysis
· Market Size (Volume and Value)
Methodology/Research Approach:
· Research Programs/Design
· Market Size Estimation
· Market Breakdown and Data Triangulation
· Data Source
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Key Questions you are asking for?
- Who are the leading players of the IoT in Agriculture industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the IoT in Agriculture market?
- Which segment is expected to garner traction during the coming years?
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