How IoT in Agriculture took its footprints?

                                                        

                                                   IoT in Agriculture

The Internet of Things is transforming the agriculture industry like never before by empowering farmers and growers to deal with the enormous challenges they face. Till now, agriculture has been a high-risk, labor-intensive, low-reward industry. Farmers are very likely to be impacted by unexpected environmental changes, economic downturns, and many other risk factors.

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Internet of Things in Agriculture has come up as a second wave of green revolution. The benefits that the farmers are getting by adapting IoT are twofold. It has helped farmers to decrease their costs and increase yields at the same time by improving farmer's decision making with accurate data.

 Growing demand for agriculture due to increasing popularity, growing focus towards improving the efficiency and monitoring the crops, and supporting government norms are the significant factors that are expected to drive the growth of IoT in the agriculture market. However, high costs of solution and limited technical knowledge are the major restraining factors for IoT in the agriculture market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT in agriculture market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IoT in agriculture market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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The List of Companies 

- Accenture
- Climate Corporation
- Deepfield Robotics
- Farmers Edge Inc.
- Flux Farm, Inc.
- IBM Corporation
- KaaIoT Technologies, LLC
- Libelium Comunicaciones Distribuidas S.L
- Octonion SA
- Telit

The report analyzes factors affecting IoT in agriculture market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IoT in agriculture market in these regions.

Source – PREMIUM MARKET INSIGHTS