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Internet of Things (IoT) in Agriculture Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The internet of things (iot) in agriculture market size has witnessed swift growth over recent years. It is anticipated to expand from $16.22 billion in 2025 to $18.15 billion in 2026, showing a compound annual growth rate (CAGR) of 11.9%. The market’s historical growth was primarily propelled by the increasing integration of mechanized farming practices, a heightened requirement for real-time field monitoring, the proliferation of commercial farming operations, advancements in rural connectivity infrastructure, and the growing application of farm management software.
The internet of things (iot) in agriculture market is projected to experience substantial expansion in the coming years, with its size anticipated to reach $27.89 billion by 2030, showing a compound annual growth rate (CAGR) of 11.3%. This growth during the forecast period can be attributed to an increasing focus on sustainable agriculture practices, the rising adoption of AI-enabled farm analytics, the expansion of large-scale smart farms, a growing demand for resource optimization tools, and the increasing integration of IoT with autonomous farm equipment. Major trends expected in the forecast period include the increasing deployment of smart farming sensors, a rising adoption of data-driven crop monitoring, the growing use of connected livestock management systems, the expansion of cloud-based farm analytics platforms, and enhanced integration of IoT with precision agriculture.
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Internet of Things (IoT) in Agriculture Market Expansion Drivers: What Is Shaping Future Growth?
The rising phenomenon of climate change is anticipated to boost the expansion of the IoT in the agriculture market moving ahead. This phenomenon describes enduring shifts in typical weather conditions historically seen across a particular area or worldwide. IoT in agriculture is vital for lessening and adjusting to the effects of climate change, equipping farmers with practical data, valuable insights, and necessary tools to foster more robust and sustainable agricultural methods. As an illustration, in October 2023, a report issued by the World Health Organization (WHO), an intergovernmental body situated in Switzerland, indicated that approximately 3.6 billion individuals lived in areas significantly susceptible to climate change impacts by 2023. Furthermore, projections suggest that from 2030 to 2050, climate change could result in an estimated yearly rise of approximately 250,000 deaths attributed to issues like undernutrition, malaria, diarrhoea, and heat stress. Consequently, the escalating climate change is fueling the expansion of the IoT in the agriculture market.
Internet of Things (IoT) in Agriculture Market Segmentation: How Is The Market Structured Across Key Categories?
The internet of things (iot) in agriculture market covered in this report is segmented –
1) By Component: Hardware, Software, Connectivity And Services
2) By Type: Small Farms, Mid-Sized, Large
3) By Application: Livestock Monitoring, Smart Greenhouse, Precision Forestry, Fish Farm Monitoring, Other Applications
Subsegments:
1) By Hardware: Sensors, Actuators, Drones, GPS And Tracking Devices
2) By Software: Farm Management Software, Data Analytics Platforms, IoT Platforms, Application Software
3) By Connectivity And Services: Cellular Connectivity, Low Power Wide Area Network (LPWAN), Satellite Connectivity, Wi-Fi And Bluetooth, Consulting Services, System Integration Services, Maintenance And Support Services, Training Services
Internet of Things (IoT) in Agriculture Market Transformation Trends: Which Innovations Are Driving Change?
Leading firms within the IoT in the agriculture market are introducing novel offerings, particularly fertilizer technologies, aimed at expanding their customer reach, boosting sales, and growing revenue. This technology encompasses scientific and engineering progress in the creation, manufacturing, and use of fertilizers. An example occurred in October 2023, when Enfarm Agritech, an agricultural technology firm headquartered in Singapore, introduced a smart fertilizer product. A key characteristic of Enfarm Agritech’s smart fertilizer is its capacity to potentially reduce farmers’ expenditure on fertilizers and boost yields by up to 20 percent. This system employs sensors and IoT capabilities for ongoing evaluation of soil conditions, precisely identifying the ideal fertilizer quantity required for coffee plantations. Furthermore, it delivers accurate irrigation advice tailored to specific soil types, incorporates weather data, offers projections for prices, identifies pest and disease problems, and uses artificial intelligence to respond to farmer questions.
Internet of Things (IoT) in Agriculture Market Competitive Landscape And Leading Companies
Major companies operating in the internet of things (iot) in agriculture market are Trimble Inc.; Deere & Company; AGCO Corporation; Topcon Positioning Systems Inc.; The Climate Corporation; AgJunction Inc.; DICKEY-john; Gamaya; AgriData Incorporated; AgEagle Aerial Systems Inc.; Grownetics Inc.; Auroras s.r.l.; Granular Inc.; Raven Industries Inc.; TELUS Agriculture Solutions Inc.; OnFarm Systems Inc.; Farmers Edge Inc.; SlantRange Inc.; TeeJet Technologies Pvt. Ltd.; Smartcultiva; AeroFarms; Crop Metrics; Ag Leader Technology; CropX Inc.
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Internet of Things (IoT) in Agriculture Market Geographic Distribution And Regional Opportunities
Asia-Pacific was the largest region in the internet of things (IoT) in agriculture market in 2025. The regions covered in the internet of things (iot) in agriculture market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.