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
he latest market intelligence report, titled ‘Global IoT in Agriculture Market’, is intended to provide the target audience with the necessary information about the global IoT in Agriculture industry. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the IoT in Agriculture market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. The report comprises a detailed analysis of the vital elements of the IoT in Agriculture market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
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Market Drivers:
The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals. The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years
Global IoT in Agriculture Market Segmentation:
Emergen Research has segmented the global IoT in Agriculture Market on the basis of Offering, Application, and region:
Prominent Players Analyzed in the Report:
Agco Corporation, Deere and Company, GEA Group, Trimble Inc., Agjunction, Raven Industries, Antelliq, Delaval, Ponsse, and CropMetrics LLC, among others.
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Key Benefits of the Report:
Region wise performance of the IoT in Agriculture industry
North America IoT in Agriculture market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America IoT in Agriculture market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the IoT in Agriculture market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe IoT in Agriculture market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support IoT in Agriculture market growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
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Table Of Content Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. IoT in Agriculture Market Segmentation & Impact Analysis 4.1. IoT in Agriculture Market Material Segmentation Analysis 4.2. Industrial Outlook 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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