What is the current size of the global IoT in agriculture market, and what is its projected growth by 2031?

The global IoT in agriculture market reached US$ 31.10 billion in 2023 and is expected to reach US$ 83.26 billion by 2031, with a compound annual growth rate (CAGR) of 13.1% during the forecast period 2024-2031.

What factors are driving the adoption of IoT technologies in agriculture?

Factors such as increasing demand for agricultural produce, the need to enhance yield, and the willingness of producers to adopt updated technologies are driving the adoption of IoT in agriculture.

Which region dominates the global IoT in agriculture market, and why?

North America dominates the market due to its long history of agricultural innovation, early adoption of technology solutions, and strong government support and incentives.

Who are the major players in the global IoT in agriculture market?

Major players include IBM Corporation, Groupe X-TELIA Inc., Arable, Fujitsu Limited, BASF SE, and others.

Internet Of Things In Agriculture Market - Market Size, Sustainable Insights and Growth Report 2024-2031

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Internet of Things (IoT) in Agriculture Market Size, Share, Industry, Forecast and Outlook (2024-2031)

1. What is the current size of the global IoT in agriculture market, and what is its projected growth by 2031?

2. What factors are driving the adoption of IoT technologies in agriculture?

3. Which region dominates the global IoT in agriculture market, and why?

4. Who are the major players in the global IoT in agriculture market?

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