Introduction

The Agriculture IoT Market, valued at USD 23.41 billion in 2023, is projected to reach USD 60.12 billion by 2032, expanding at a CAGR of 11.12%. With IoT-enabled sensors, automation, and precision farming practices gaining momentum, the industry is undergoing a digital revolution. From remote monitoring of crops to predictive analytics for irrigation and pest control, IoT is reshaping how farmers maximize yields and minimize waste.

Could this be the ultimate answer to food security and sustainable agriculture in the face of a rising global population?

Key Players

Leading innovators include John Deere, Trimble, Raven Industries, AGCO, Topcon, and Blue River Technology, offering solutions from autonomous tractors to precision spraying systems. Tech giants like IBM, Cisco, and Hitachi are also empowering agriculture with AI-driven platforms and cloud-based IoT solutions. Startups such as FarmWise Labs, Cropin, and AgroStar are rapidly innovating with affordable, data-smart solutions for small and mid-sized farms.

Will these agile disruptors outpace established giants in democratizing smart farming worldwide?

Segmentation

By deployment, on-premise systems held 57% share in 2023, favoured for data security and reliability in remote areas. Yet, cloud-based IoT is growing fastest, with a 12.24% CAGR, offering flexibility and scalability. By application, precision farming dominates with 41% share, while aquaculture is emerging fastest with 14.7% CAGR as global seafood demand rises. Regionally, Asia-Pacific leads with 37% share, driven by large agricultural bases and government support, while North America is expected to grow quickest thanks to strong digital infrastructure.

Could expanding 5G and rural broadband finally unlock IoT’s full potential for every farmer, big or small?

About Us

In the fast-paced business biospheres, businesses need to constantly evolve to grow and stay relevant. At S&S Insider, we believe in adopting a data-oriented approach to aid organizations be familiar with the nerve of the industry.

E-mail ID – Info@snsinsider.com

Contact Info - +1-415-230-0044