The Internet-of-Things (IoT) has revolutionized the agricultural industry by introducing precision agriculture, a system that enables farmers to monitor and control their farms using connected sensors and devices. This technology has allowed farmers to optimize crop yields, minimize waste, and reduce costs. The demand for IoT-enabled precision agriculture solutions is expected to grow rapidly due to the increasing need for sustainable agriculture and food security. Additionally, advancements in sensor technology, big data analytics, and cloud computing are expected to further accelerate the growth of the IoT in precision agriculture market. However, concerns about data privacy and security, as well as the high cost of implementation, may pose challenges to the widespread adoption of IoT-enabled precision agriculture solutions.
Global Internet-of-Things (IoT) in Precision Agriculture Market is estimated to be valued at US$ 5,234.37 Mn in 2022 and is expected to reach US$ 15,901.01 Mn by 2030 at a CAGR of 14.9 % between 2022 and 2030.
Top Companies in the Internet-of-Things (IoT) in Precision Agriculture Industry:
1. CropMetrics
Founded in 2009, CropMetrics is headquartered in Nebraska, USA, and operates in multiple countries. In August 2021, the company launched a new platform called CropMetrics Connect, which integrates with the John Deere Operations Center to provide farmers with real-time data and analytics for their operations.
2. Hortau
Founded in 2002, Hortau is headquartered in California, USA, and operates in multiple countries. In October 2021, the company announced the launch of its new soil moisture sensor, which uses artificial intelligence to optimize irrigation for farmers.
3. Farmers Edge Inc.
Founded in 2005, Farmers Edge is headquartered in Manitoba, Canada, and operates in multiple countries. In August 2021, the company announced the launch of its new in-field sensor, which measures soil moisture and temperature to help farmers optimize their irrigation.
4. Pycno
Founded in 2017, Pycno is headquartered in the UK and operates in multiple countries. In June 2021, the company launched its new soil moisture sensor, which uses machine learning to provide farmers with accurate and real-time data on soil conditions.
5. Agrosmart
Founded in 2014, Agrosmart is headquartered in Brazil and operates in multiple countries. In September 2021, the company announced a partnership with Google Cloud to integrate its IoT platform with Google's data analytics tools, providing farmers with real-time insights and predictive analytics.
6. Scicrop
Founded in 2016, Scicrop is headquartered in Brazil and operates in multiple countries. In November 2021, the company announced the launch of its new precision irrigation system, which uses sensors and artificial intelligence to optimize water usage and increase crop yields.
7. Amber Agriculture
Founded in 2015, Amber Agriculture is headquartered in Illinois, USA, and operates in multiple countries. In July 2021, the company announced a partnership with ADM to provide farmers with real-time data on crop quality and yield.
8. Telit
Founded in 1986, Telit is headquartered in London, UK, and operates in multiple countries. In September 2021, the company announced the launch of its new IoT platform, which enables farmers to monitor and control their operations remotely.
9. DEVICEHUB
Founded in 2014, DEVICEHUB is headquartered in Romania and operates in multiple countries. In February 2021, the company announced the launch of its new precision farming platform, which uses sensors and machine learning to provide farmers with real-time data and analytics.
10. Actility
Founded in 2010, Actility is headquartered in France and operates in multiple countries. In April 2021, the company announced the launch of its new IoT platform for precision agriculture, which uses LoRaWAN technology to enable farmers to monitor and control their operations remotely.
11. Cropln
Founded in 2016, Cropln is headquartered in California, USA, and operates in multiple countries. In October 2021, the company announced a partnership with AWS to provide farmers with real-time data and analytics on crop health and yield.
12. Cisco Systems, Inc.
Founded in 1984, Cisco is headquartered in California, USA, and operates in multiple countries. In November 2021, the company announced a partnership with Agrosmart to provide farmers with real-time data and analytics on weather patterns, soil moisture, and other factors that impact crop yields.
13. IBM Corporation
Founded in 1911, IBM is headquartered in New York, USA, and operates in multiple countries. In June 2021, the company announced a partnership with The Yield to develop an IoT platform for precision agriculture, which uses sensors and analytics to optimize crop yields and reduce waste.
*Definition- IoT in precision agriculture involves the use of connected devices, sensors, and data analytics to optimize farming practices, increase crop yields, and reduce waste through precision farming techniques.
