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Applications of Agriculture to Dominate the Global IOT Market by 2024

The agriculture IOT market is expected to grow from USD 12.7 billion in 2019 to USD 20.9 billion by 2024, at a CAGR of 10.4% from 2019 to 2024. A few key factors driving the growth of this market are increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, focus on livestock monitoring and disease detection to improve farming efficiency, and rising demand for agricultural production owing to increasing population.

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Applications of Agriculture to Dominate the Global IOT Market by 2024

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  1. MarketsandMarkets Presents Applications of Agriculture to Dominate the Global IOT Market by 2024 Agriculture IoT Market by Offering (Hardware, Software, & Services), Application (Precision Farming, Precision Forestry, Livestock Monitoring, Fish Farm Monitoring and Smart Greenhouse), Application, and Geography - Global Forecast to 2024 https://www.marketsandmarkets.com/Market-Reports/iot-in-agriculture-market-199564903.html

  2. The agriculture IOT market is expected to grow from USD 12.7 billion in 2019 to USD 20.9 billion by 2024, at a CAGR of 10.4% from 2019 to 2024. A few key factors driving the growth of this market are increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, focus on livestock monitoring and disease detection to improve farming efficiency, and rising demand for agricultural production owing to increasing population. The agriculture IoT market is getting impacted by technological trends such as big data analytics, cloud platforms, and mobile computing. Extensive data helps farmers or growers in making prompt and productive decisions. Big data analytics involves current and historical information on weather forecast, crop features, and soil characteristics, among others. Cloud platforms enable real-time monitoring and guidance in agricultural production. The information exchange between farmers and agricultural enterprises is smooth and hassle-free. Mobile computing involves the connection of hardware devices and software services to collect information about the field. Companies such as Trimble Navigation Limited (US) and Deere & Company (US) provide farm management applications. Browse 106 market data Tables and 42 Figures spread through 204 Pages and in-depth TOC on "Agriculture IoT Market - Global Forecast to 2024"

  3. The agriculture IoT market for services is expected to grow at the highest CAGR during the forecast period. The increasing demand for managed services and the rising installations of smart agriculture devices worldwide are the primary reasons behind the high growth of this market. Agriculture IoT service providers mainly include companies that provide farm operation services, data services, and farm data analytics to software companies or directly to farmers. Most companies or farmers/agronomists outsource the responsibility of handling operations to managed service providers. These service providers then take care of the majority of operations and provide suggestions to farmers to enhance production. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199564903 The agriculture IoT market for navigation systems is expected to grow at the highest CAGR during the forecast period. A drone well equipped with a navigation system and an autopilot system, including a camera, gives plenty of aerial options. For aerial photogrammetry and 3D mapping, it is essential to deploy a drone with a navigation system, an autopilot flight system, and a camera.

  4. The agriculture IoT market for fish farm monitoring is expected to grow at the highest CAGR during the forecast period. The increasing demand for various hardware devices, such as GPS/GNSS, and different types of sensors is contributing to the growth of the agriculture IoT market for fish farming. Drones are used as a fisheries assessment tool by natural resource agencies in Texas and Nebraska in the US. These agencies have used fixed-wing drones to conduct in-channel habitat mapping in low waters in the Guadalupe (Texas) and Niobrara (Nebraska) rivers. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=199564903 The agriculture IoT market in APAC is expected to grow at the highest CAGR during the forecast period. Agriculture IoT techniques are expected to be adopted at a high rate in APAC as this region consists of emerging countries such as India, China, and countries in South East Asia. Rapidly growing population, availability of arable land, and strong government support for farmers through subsidies are the major factors driving the adoption of agriculture IoT technologies in APAC. Opportunities for the growth of the market include the advent of big data in agriculture farm, integration of smartphones with hardware devices and software applications and rise in use of unmanned aerial vehicles (UAVs)/drones in precision farming.

  5. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  6. Contact Us Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:newsletter@marketsandmarkets.com For More Info: https://www.marketsandmarkets.com/PressReleases/iot-in-agriculture.asp

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