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Agriculture IoT Global Market Report 2024 – Overview of market size, trends, and forecasts from 2024 to 2033.
The Business Research Company announces its 2024 report on the Agriculture IoT market, highlighting significant growth from $14.16 billion in 2023 to $15.67 billion in 2024, at a CAGR of 10.7%. Key growth factors include farm automation, smart farming practices, and improved connectivity.
The market is expected to reach $22.94 billion by 2028, driven by the expansion of precision agriculture and adoption of innovative technologies.
Growth Drivers
Increased crop production is fueling the Agriculture IoT market, enhancing efficiency and promoting sustainable practices.
Key Players
Market leaders include Deere & Company, Tetra Laval, Topcon, Trimble, AgJunction, and several others.
Emerging Trends
Companies are forming strategic partnerships to develop integrated solutions for evolving agricultural needs.
Market Segmentation
1) By Component: Hardware, Software, Connectivity, Services
2) By Farm Size: Large, Mid-Sized, Small
Geographical Insights
North America led the market in 2023; Asia-Pacific is projected to be the fastest-growing region.
Market Definition
Agriculture IoT (Internet of Things) encompasses using various sensors and devices to collect data related to farming, enhancing decision-making on planting and resource management.
Comprehensive Report Details
The report includes market size data, influencing macroeconomic factors, regional analysis, and insights into growth opportunities across multiple geographies.
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Contact: Oliver Guirdham, The Business Research Company, +44 20 7193 0708
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