Internet of Things (IoT) in Agriculture Market is estimated to grow at a CAGR of 14.65% for 2021 to 2028 with factors such as, rise in the expansion of smartphone and internet penetration, rise in the public-private partnership and rise in the adoption of internet based technologies, creating opportunities in the market in the above mentioned forecasted period.
However, rise in the technological cost and limited technical knowledge and skills of farmers, and fragmented agriculture industry, are the major factors restraining the market growth.
Internet of things (IoT) in agriculture market has shown an exceptional penetration in developed economies in Asia-Pacific due to increase in the population coupled with increased demand for food and rise in the government initiative to use remote sensing technology to collect ground data information and satellite image to detect agriculture condition in this region.
According to Data Bridge Market Research Internet of things (IoT) in agriculture market is witnessing a significant growth in developed economies during the forecast period of 2021-2028 due to factors such as, rise in the demand for agricultural production output, increase in the governments support to adopt modern agricultural techniques, rise in the climate change, increase in the emphasis on hiking efficiency and rise in the adoption of drones in agriculture applications, driving the market swiftly.
Now the question is which are the other regions Internet of things (IoT) in agriculture market is targeting? Data Bridge Market Research has estimated a large growth in North America Internet of things (IoT) in agriculture market be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the Internet of things (IoT) in agriculturemarket.
For more analysis on the internet of things (IoT) in agriculture market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-internet-of-things-iot-in-agriculture-market
Internet of things (IoT) in agriculture market is segmented on the basis of countries into U U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa
All country based analysis of internet of things (IoT) in agriculture market is further analyzed based on maximum granularity into further segmentation. Based on component, the internet of things (IoT) in agriculture market has been segmented into software, system and services. The internet of things (IoT) in agriculture market is also segmented on the basis of application into livestock monitoring, precision crop farming, indoor farming, aquaculture, integrated pest management, water supply management and others.
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of Internet of things (IoT) in agriculture market companies, contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-internet-of-things-iot-in-agriculture-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Internet of Things (IoT) in Agriculture Market – Industry Trends and Forecast to 2028