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Food demand growth is predicted to drive innovation in internet of things IoT in agriculture production, propelling the market during the forecast period.

The global internet of things IoT in agriculture market is expected to grow from $12.38 billion in 2022 to $13.80 billion in 2023 at a compound annual growth rate (CAGR) of 11.54%. The global internet of things (IoT) in agriculture market size is expected to reach $20.32 billion in 2027 at a CAGR of 10.1%.

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Global Internet Of Things IoT In Agriculture Market Segments Include:

• By Type: Small Farms, Mid-Sized, Large
• By Component: Hardware, Software, Connectivity and Services
• By Application: Livestock Monitoring, Smart Greenhouse, Precision Forestry, Fish Farm Monitoring, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global internet of things IoT in agriculture market in 2021.

Major Market Players in the internet of things IoT in agriculture market include Trimble Inc., Deere & Company, AGCO Corporation, Topcon Positioning Systems Inc., The Climate Corporation, AgJunction Inc., DeLaval, DICKEY-john.

The Internet of Things (IoT) in agriculture is gaining popularity due to technological improvement. Major internet of things (IoT) companies in the agriculture market are working on integrating new technology into precision farming and bringing additional internet of things (IoT) applications to agricultural activities. Zyter, Inc., a US-based digital health and IoT-enablement firm, for example, announced Zyter Smart Agriculture, a new Internet of Things (IoT) solution that works on the Zyter SmartSpacesTM platform, in December 2021. By integrating data from IoT sensors and AI technologies, Zyter’s solution provides farmers and agronomists with a comprehensive virtual perspective of the farm ecosystem, with an emphasis on automating and optimising basic crop management practises to provide more sustainable precision agriculture. Zyter Smart Agriculture uses an IoT sensor network buried in the ground and strategically distributed throughout the farm to collect data on soil and atmospheric conditions.

The Internet Of Things IoT In Agriculture Global Market Report 2023  provides a internet of things IoT in agriculture market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The internet of things IoT in agriculture market forecast analyzes internet of things IoT in agriculture market size, internet of things IoT in agriculture market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The use of cameras, sensors, and other technology to convert every aspect and action in farming into informed data is referred to as IoT in agriculture. It improves the agricultural system as a whole by continuously monitoring the field.

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