Product Code: 7893
The Global IoT In Farming Market, valued at USD 12.04 Billion in 2024, is projected to experience a CAGR of 8.63% to reach USD 19.78 Billion by 2030. The Internet of Things (IoT) in farming encompasses the integration of interconnected devices, sensors, and software into agricultural operations for real-time monitoring, management, and automation of various processes. This market's growth is primarily supported by the escalating global demand for food, the critical need for enhanced resource optimization including water and fertilizers, and the imperative to improve operational efficiency across agricultural practices.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 12.04 Billion |
| Market Size 2030 | USD 19.78 Billion |
| CAGR 2025-2030 | 8.63% |
| Fastest Growing Segment | Software |
| Largest Market | North America |
Key Market Drivers
The global IoT in farming market is significantly propelled by the increasing demand for precision agriculture and sustainable practices. Farmers are increasingly adopting IoT solutions to optimize resource utilization, reduce environmental impact, and enhance long-term farm viability. These technologies enable precise monitoring of soil conditions, crop health, and localized weather patterns, facilitating targeted application of water, fertilizers, and pesticides. This data-driven approach minimizes waste, improves yields, and supports eco-friendly farming methods. For instance, according to the U. S. Department of Agriculture Economic Research Service, in December 2024, "America's Farms and Ranches at a Glance", 68% of large-scale crop-producing farms in the United States utilized precision agriculture technologies in 2023, demonstrating a substantial commitment to advanced farming methods.
Key Market Challenges
A significant challenge impeding the expansion of the Global IoT in Farming Market is the substantial initial capital investment required for acquiring and implementing IoT technologies. This considerable upfront cost creates a notable barrier, particularly for small and medium-sized agricultural enterprises that often possess limited capital. Consequently, many farms are unable to adopt advanced IoT solutions, which directly restricts the broader market penetration of these innovations.
Key Market Trends
AI-Powered Predictive Analytics in Agriculture represents a pivotal shift towards proactive farm management, moving beyond reactive responses to real-time data. This trend leverages artificial intelligence to analyze vast datasets encompassing weather patterns, soil conditions, crop health, and historical yield data, enabling farmers to forecast potential issues and optimize decision-making for planting, irrigation, fertilization, and pest control. Such analytical capabilities directly contribute to improved resource utilization and enhanced productivity. For instance, according to the American Farm Bureau Federation, approximately 2.4 million farm jobs need to be filled annually, underscoring a significant labor challenge that AI-powered automation and predictive insights can help mitigate.
Key Market Players
- Deere & Company
- Trimble Inc.
- Raven Industries Inc.
- AKVA group
- DeLaval, Inc.
- Topcon Positioning Systems Inc.
- AgJunction Inc.
- Allflex USA, Inc.
- TeeJet Technologies Illinois, Inc.
- Farmers Edge, Inc.
Report Scope:
In this report, the Global IoT In Farming Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
IoT In Farming Market, By Component:
- Hardware
- Software
- Services
IoT In Farming Market, By Application:
- Precision Farming
- Smart Greenhouse
- Livestock Monitoring
- Smart Irrigation
- Others
IoT In Farming Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global IoT In Farming Market.
Available Customizations:
Global IoT In Farming Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global IoT In Farming Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Component (Hardware, Software, Services)
- 5.2.2. By Application (Precision Farming, Smart Greenhouse, Livestock Monitoring, Smart Irrigation, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America IoT In Farming Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Application
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States IoT In Farming Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Component
- 6.3.1.2.2. By Application
- 6.3.2. Canada IoT In Farming Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Component
- 6.3.2.2.2. By Application
- 6.3.3. Mexico IoT In Farming Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Component
- 6.3.3.2.2. By Application
7. Europe IoT In Farming Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Application
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany IoT In Farming Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Component
- 7.3.1.2.2. By Application
- 7.3.2. France IoT In Farming Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Component
- 7.3.2.2.2. By Application
- 7.3.3. United Kingdom IoT In Farming Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Component
- 7.3.3.2.2. By Application
- 7.3.4. Italy IoT In Farming Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Component
- 7.3.4.2.2. By Application
- 7.3.5. Spain IoT In Farming Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Component
- 7.3.5.2.2. By Application
8. Asia Pacific IoT In Farming Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Application
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China IoT In Farming Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Component
- 8.3.1.2.2. By Application
- 8.3.2. India IoT In Farming Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Component
- 8.3.2.2.2. By Application
- 8.3.3. Japan IoT In Farming Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Component
- 8.3.3.2.2. By Application
- 8.3.4. South Korea IoT In Farming Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Component
- 8.3.4.2.2. By Application
- 8.3.5. Australia IoT In Farming Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Component
- 8.3.5.2.2. By Application
9. Middle East & Africa IoT In Farming Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Application
- 9.2.3. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia IoT In Farming Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Component
- 9.3.1.2.2. By Application
- 9.3.2. UAE IoT In Farming Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Component
- 9.3.2.2.2. By Application
- 9.3.3. South Africa IoT In Farming Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Component
- 9.3.3.2.2. By Application
10. South America IoT In Farming Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Application
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil IoT In Farming Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Component
- 10.3.1.2.2. By Application
- 10.3.2. Colombia IoT In Farming Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Component
- 10.3.2.2.2. By Application
- 10.3.3. Argentina IoT In Farming Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Component
- 10.3.3.2.2. By Application
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global IoT In Farming Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Deere & Company
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Trimble Inc.
- 15.3. Raven Industries Inc.
- 15.4. AKVA group
- 15.5. DeLaval, Inc.
- 15.6. Topcon Positioning Systems Inc.
- 15.7. AgJunction Inc.
- 15.8. Allflex USA, Inc.
- 15.9. TeeJet Technologies Illinois, Inc.
- 15.10. Farmers Edge, Inc.
16. Strategic Recommendations
17. About Us & Disclaimer