Global IoT in Agriculture Market – Analysis & Forecast- 2016 to 2022
The IoT in agriculture market is expected to grow at a CAGR of over 16% in terms of market value through 2016 to 2022.
The IoT in agriculture market is expected to grow at a CAGR of over 16% in terms of market value through 2016 to 2022.
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<strong>Global</strong> <strong>IoT</strong> <strong>in</strong> <strong>Agriculture</strong> <strong>Market</strong> <strong>–</strong> <strong>Analysis</strong> & <strong>Forecast</strong>- <strong>2016</strong> <strong>to</strong> <strong>2022</strong><br />
(Focus on System Components; Track<strong>in</strong>g & Position<strong>in</strong>g, Moni<strong>to</strong>r<strong>in</strong>g & Detection, Telematics, Cloud<br />
Comput<strong>in</strong>g, Application & Region)<br />
<strong>Agriculture</strong>, be<strong>in</strong>g one of the most significant economic activities of a country, has gradually<br />
evolved from manual occupation <strong>to</strong> a highly mechanized practice <strong>in</strong> every aspect, <strong>in</strong>clud<strong>in</strong>g<br />
the data management practises. Reduc<strong>in</strong>g the technologies <strong>in</strong>volved and the ease of their<br />
<strong>in</strong>tegration with the other devices is important <strong>to</strong> obta<strong>in</strong> a viable <strong>IoT</strong> system. Ow<strong>in</strong>g <strong>to</strong> the<br />
<strong>in</strong>creas<strong>in</strong>g emphasis on food security, grow<strong>in</strong>g adoption of ICT <strong>in</strong> agriculture, need of data<br />
management <strong>in</strong> agriculture, and grow<strong>in</strong>g popularity of UAVs & drones and precision agriculture,<br />
the <strong>IoT</strong> <strong>in</strong> agriculture market is expected <strong>to</strong> grow at a CAGR of over 16% <strong>in</strong> terms of market<br />
value through <strong>2016</strong> <strong>to</strong> <strong>2022</strong>.<br />
The report is a compilation of the different systems, components, and applications of global <strong>IoT</strong><br />
<strong>in</strong> agriculture market, <strong>in</strong>clud<strong>in</strong>g market breakdown by the application type, system type, and<br />
different geographical areas. Here<strong>in</strong> the revenue generated from each application type, namely:<br />
yield moni<strong>to</strong>r<strong>in</strong>g, variable rate application, filed mapp<strong>in</strong>g, soil moni<strong>to</strong>r<strong>in</strong>g, crop scout<strong>in</strong>g,<br />
precision irrigation, and lives<strong>to</strong>ck management; and system component type, namely: track<strong>in</strong>g<br />
& position<strong>in</strong>g systems (GPS Devices, Radio Frequency Indentification (RFID)), moni<strong>to</strong>r<strong>in</strong>g &<br />
detection systems (sensors, UAVs/ drones, au<strong>to</strong>nomous vehicles & trac<strong>to</strong>rs), telematics systems<br />
(network communication technologies & standards & pro<strong>to</strong>cols), and cloud comput<strong>in</strong>g devices<br />
is tracked <strong>to</strong> calculate the overall market size. While highlight<strong>in</strong>g the key driv<strong>in</strong>g and restra<strong>in</strong><strong>in</strong>g<br />
forces for this market, the report also provides a detailed summary of the <strong>IoT</strong> <strong>in</strong> agriculture<br />
market. It also <strong>in</strong>cludes the key participants <strong>in</strong>volved <strong>in</strong> the <strong>in</strong>dustry at the relevant sections.<br />
The figure below represents the growth of the <strong>IoT</strong> <strong>in</strong> agriculture market<br />
from 2015 <strong>to</strong> <strong>2022</strong>.<br />
<strong>Global</strong> <strong>IoT</strong> <strong>in</strong> <strong>Agriculture</strong> <strong>Market</strong>, Year-on-Year Growth, 2015-<br />
<strong>2022</strong><br />
CAGR: XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX% XX% XX% XX%<br />
XX<br />
XX%<br />
XX%<br />
XX<br />
XX<br />
<strong>2016</strong> 2017 <strong>2022</strong><br />
2014 2015 <strong>2016</strong> 2017 2018 2019 2020 2021 <strong>2022</strong><br />
<strong>Global</strong> <strong>IoT</strong> <strong>in</strong> <strong>Agriculture</strong> <strong>Market</strong> ($ Million)<br />
BIS Research <strong>Analysis</strong><br />
www.bisresearch.com
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