Global IoT in Agriculture Market, Estimation & Forecast 2016-2022

The report includes market sizing & estimation by application types, by system components, and by geographical location.
 
 
Bis Research - Market Intelligence Firm
Bis Research - Market Intelligence Firm
BLOOMINGTON, Minn. - March 20, 2017 - PRLog -- The increasing emphasis on food security, growing adoption of ICT in agriculture, and need of data management in agriculture has led to the increased adoption of IoT technologies in agriculture. The impending potential of better decision making, increased productivity, and better data management has given a much needed drive to the IoT in agriculture market globally. Considering the growing popularity of this market, BIS Research has published a report titled, "Global IoT in Agriculture Market, Estimation & Forecast 2016-2022" incorporating a segmentation of the market, classified into different system components and application types.

The report includes market sizing & estimation by application types, by system components, and by geographical location. The application types of the market are classified into: yield monitoring, variable rate application, field mapping, soil monitoring, crop scouting, precision irrigation, livestock management, & others, while the key system components are tracking & positioning systems (GNSS/ GPS devices, Radio Frequency Identification (RFID), monitoring and detection systems (wireless sensor network, UAVs/ drones, autonomous vehicles & tractors), telematics systems (networking and communication technology, standards & protocols), and cloud computing. The market estimation and forecast for these components have been done for the key geographical areas as well. The report includes a detailed chapter on the market dynamics, including the prime driving and restraining forces, along with opportunities for growth and expansion in the global IoT in agriculture market through the forecast period.

Browse the complete report here: http://bisresearch.com/industry-report/global-iot-in-agri...

Furthermore, having identified the potential for further developments in the form of partnerships, product launches, and events among others, the report comprises of a separate section on the detailed competitive landscape of the market. Though the industry lacks enough support from associations and authorities, some major existing consortiums in the market have also been mapped in the report, along with the key restraints in the market. Recent activities of the key players in this market have also been tracked in the form of company profiles. Some of the key companies highlighted in the report are Ag Leader Technology, Trimble Navigation, Monsanto, Ag Junction, Raven Industries, and John Deere & Co.

In spite of high capital investment, lack of awareness in emerging economies, and lack of adequate infrastructure in this market, BIS Research has estimated that the industry will grow over $20 billion in terms of value by 2022 at a double digit CAGR through 2016-2022, with North America leading the market in the forecast period, when it comes to maximum revenue generation. The monitoring and detecting system components are dominating the market, while the maximum growth is expected to be made in telematics system components. While considering the application types in the IoT in agriculture, yield monitoring holds the market reins. Adoption of this technology requires coordination between different members of the value chain, hence there has to be proper inter-connection between each domain.

About BIS Research (http://bisresearch.com) :

BIS Research publishes in-depth market intelligence reports focusing on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management. BIS Research provides multi-client reports, company profiles, databases, and custom research services.

The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BIS Research as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies

Contact
Mr. Mohammad
sales@bisresearch.com
+1-650-228-0182
End
Source: » Follow
Email:***@bisresearch.com
Posted By:***@bisresearch.com Email Verified
Tags:IoT Market, IoT in Agriculture Market, Iot In Agriculture
Industry:Research
Location:Bloomington - Minnesota - United States
Subject:Products
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
BISRESEARCH News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share