IoT Tech Proliferation in Agriculture - The New Normal

The Internet of Things Technology Market constitutes node component, network infrastructure, software solution, platform, and service.

The IoT technology market is expected to grow at a CAGR of 25.1% during the forecast period, to reach USD 639.74 Billion by 2022 from USD 176.00 Billion in 2016.

The base year used for this study is 2016, and the forecast period is from 2017 to 2022.Objectives of the StudyTo define, describe, and forecast the overall IoT technology market on the basis of node component, network infrastructure, software solution, platform, service, end-use application, and geographyTo strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the total marketTo analyze opportunities in the market for stakeholders and detail the competitive landscape for market playersTo forecast the market size for various segments with respect to four main regions: North America, Europe, Asia Pacific, and Rest of the WorldGet PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=258239167The IoT technology market comprises players such as Intel (US), QUALCOMM (US), Texas Instruments Incorporated (US), Microsoft (US), IBM (US), Cisco Systems (US), and Amazon Web Services (US), among others.Of all the major end-use applications, the industrial end-use application held the largest share of the IoT technology market in 2016.

The growth of the industrial application was primarily driven by the need to implement predictive maintenance techniques in industrial equipment to monitor their working and to avoid unscheduled downtimes in the production cycle.

Furthermore, the government initiatives such as Industrie 4.0 in Germany and Plan Industriel in France are also promoting the implementation of the IoT solutions for the industrial end-use application.Of all the regions, North America held the largest market share of the overall IoT technology market in 2016.

An established IT ecosystem and the early adoption of various IoT-enabled products across multiple end-user applications are the most prominent factors behind the growth of the market in this region.

Global IoT in Agriculture Market Research Report: By Component (Software, System [Sensing and Monitoring Systems, Fish Farming Systems, Smart Greenhouse Systems, Livestock Monitoring Systems, Automation and Control Systems, Others], Services), Application (Livestock Monitoring, Precision Crop Farming, Indoor Farming, Aquaculture, Integrated Pest Management, Water Supply Management and others) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027Market OverviewThe primary need to control operation factors optimizing the use of water and pesticides is anticipated to promote the Internet of Things in agriculture market  2020.

The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.

A potential of USD 34.88 Billion with a CAGR of 13.6% approx.

The US shows the way for market development in the North American region as it has elevated digitalization in the agricultural sector, and it is anticipated that just about 80% of farmers employ smart farming technology.

The intense weather conditions owing to climate change have caused loss of arable land and have subsequently given rise to elevated adoption of IoT for escalating the volume and quality of the crop yield.Competitive AnalysisThe currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth.

The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market.

With the rise in internet of things (IoT) and connectivity generating unimaginable amount of data, 4G network and speeds are going to become obsolete and it will be mandatory for large corporations, banks, and financial institutions to upgrade their infrastructure to adapt to the upcoming 5G reign.

As per a market research report published on the official website of market intelligence firm, Research on Global Markets, the global 5G market is expected to reach a value of USD 277 Bn by 2025 expanding at a compound annual growth rate of nearly 111% year on year during the period of 2019 to 2025.

Once the 5G network is up and running, internet speed and network latency are going to be so productive that all anyone will need to connect with the internet is a mobile phone and begin streaming high speed internet connectivity.

The revolution it is going to bring in this semi connected world of today is unimaginable.

It will take less than 1 millisecond for games like PUBG that face a latency of 10 milliseconds.

Its an extraordinary feat for competitive gaming.

As IoT has shown its footprint in almost every vertical, hospitality didn’t leave unmarked. Many hotels are already using IoT to control the thermostats within the rooms. By using connected thermostats, hotels can adjust room temperatures at check-in and check-out which eliminates the cost of cooling or heating. IoT in hospitality industry has revolutionized the service delivery and has improved the customer experience while reducing the costs. 

Visit site : https://www.biz4intellia.com/blog/top-5-trends-and-illustration-of-iot-in-hospitality/

The kitchen has always been a natural home for gadgets, and it's the room which is most likely to be transformed by the Internet of Things. Here’s a summary of how the IoT world could play out when it comes to your kitchen.

Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.

Global Internet of Things (IoT) Agriculture Market is expected to reach USD 22.69 Billion by 2026 from USD 5.86 Billion in 2016 at a CAGR of 14.5%.

Get exclusive free pdf sample copy of this report @ https://www.maximizemarketresearch.com/market-report/iot-in-agriculture-market/700/ Maximize Market Research offers a latest report on “global Internet of Things (IoT) Agriculture market analysis and forecast 2018-2026”.

This report intends to study the developments of the Internet of Things (IoT) Agriculture Market in, including its development status, applicant profiles and future trends, along with focus on the top Key players in the market Internet of Things (IoT) Agriculture industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.

It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

The Scope of the Global Internet of Things (IoT) Agriculture Market Some of the major players operating in Global Internet of Things (IoT) Agriculture Market are as follows: Deere & Company (U.S.)Trimble, Inc. (U.S.)Leica Geosystems (Switzerland)Raven Industries (US)Trimble, Inc. (U.S.)AG Junction, Inc. (U.S.)Agco Corporation (US)Precision Planting Inc. (US)The Climate Corporation (US) Key Target AudienceSatellite service providersSemiconductor component and device manufacturersOriginal equipment manufacturersComponent and device suppliers and distributorsComponent suppliersProduct manufacturersSoftware, service and technology providersStandardization and testing firmsAssociations, organizations and alliances related to semiconductor and automotive industriesResearch institutes and organizations Years considered to estimate the market size of the Global Internet of Things (IoT) Agriculture Market have been mentioned below:Base year-2016Estimated year-2017Forecast year- 2017 to 2026 Global Internet of Things (IoT) Agriculture Market, By Type: Precision FarmingLivestock MonitoringFish FarmingSmart GreenhousesOthers Global Internet of Things (IoT) Agriculture Market, By Offering:  HardwareHardware for Precision Farming MarketHardware for Livestock Monitoring MarketsHardware for Fish Farming MarketHardware for Smart Greenhouses MarketHardware for Others Market  SoftwareLocal or Web BasedCloud Based  ServicesSystem Integration & ConsultingManaged ServicesConnectivity ServicesAssisted Professional ServicesMaintenance and Support Global Internet of Things (IoT) Agriculture Market, By Application: Precision Farming ApplicationsLivestock Monitoring ApplicationsFish Farming ApplicationsSmart Greenhouse ApplicationsOthers Global Internet of Things (IoT) Agriculture Market, By Geography: North AmericaEuropeAsia PacificMiddle East & AfricaLatin America Get exclusive free pdf sample copy of this report @ https://www.maximizemarketresearch.com/market-report/iot-in-agriculture-market/700/ Table of ContentsGlobal Internet of Things (IoT) Agriculture Market EXECUTIVE SUMMARY RESEARCH METHODOLOGY MARKET DYNAMICS END-USER OVERVIEW GLOBAL INTERNET OF THINGS (IOT ) IN AGRICULTURE MARKET, BY TYPE (2016-2026) GLOBAL INTERNET OF THINGS (IOT ) IN AGRICULTURE MARKET, BY OFFERING (2016-2026) GLOBAL INTERNET OF THINGS (IOT ) IN AGRICULTURE MARKET, BY APPLICATION (2016-2026) INTERNET OF THINGS (IOT ) IN AGRICULTURE MARKET, BY GEOGRAPHY (2016-2026) GLOBAL INTERNET OF THINGS (IOT ) IN AGRICULTURE COMPETITION ANALYSIS “Internet of Things (IoT) Agriculture market analysis and forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.

Internet of Things, we can easily say, is a revolution in making; and it’s going to be one revolution that we all reckon by.

It’s a concept fast gaining popularity amongst people from not just the technologically inclined people, but just about everyone.

Similarly, our cities are also being aimed at having a better technologically equipped transportation system, complete with inter-connected sensors to help streamline the traffic.

Internet of things development is also expected to take us towards a future that sees a better monitored and controlled lighting, pollution, power plants, and so on.

Healthcare is looking for a future that allows for an at-home health monitoring that is as good as a clinical health monitoring through connected sensors, a vastly better communication, and even well-connected wearables.

We are about to embrace a future where the healthcare landscape is an ever-improving one, where your doctor will get your blood pressure update without having to be present near you, or your sleep pattern could be relayed back to and tracked by your physician in real-time, or your EEG and ECG devices, your blood glucose and other vital sign checking devices would be connected and well-monitored over the Internet.

But in recent years that slope has transmuted into a free fall.

Everything is or is being connected to the internet, hence IoT!

One such sector to benefit from this revolution is the healthcare industry touted to be a $117 Billion market by 2020.

Enterprises are going through a global digital transformation with IoT being at the center of it.

With smart devices recording various patterns of consumer behavior such as their interaction with AI, the conversion rate, consumer decision processes etc, this information coupled with machine learning, design thinking, the blockchain, and data intelligence, will be continuously churning out insights previously inconceivable.

Smart Homes: IoT at home

Technology moves extraordinarily quickly and it can seem like there is something new coming out every week or every month. New technologies are often driven by visionaries, people who have inspiring ideas for new technologies, but who don’t necessarily have the means to develop them whether that be because of a lack of skills or funding. It is not uncommon for these new technologies to fail almost before they even get going.

One of the main reasons for this is because they are so ahead of their time that the mass market would not fully understand how to use the new technology or have not yet discovered the need for this new technology. A good example of this is electric cars. Electric cars were first being developed as far back as 1828 and people are only beginning to adopt this technology now in the masses.

One such technology that has been successful and that is being integrated into people’s lives more and more every day in the Internet of Things. In some cases, is it so engrained that people do not yet know that some of the devices they are using is powered by or is using the Internet of Things?

What is the Internet of Things?

The Internet of Things is part of what makes devices ‘smart’. Devices that make use of the IoT may have an IoT sim that enables them to connect to the internet and to a network. Examples of devices that may be connected to the Internet of Things include TVs and refrigerators.

In reality, if something can be connected to the internet then it can be part of the Internet of Things. Devices that are connected are able to talk to each other. The data that is transferred between these devices can be collected, analyzed and used to help make people’s lives easier or to help tasks get done quicker.

An example might be a refrigerator that is connected to the Internet of Things. Some refrigerators will be able to tell when you are running slow on supplies and place an order for groceries without any assistance or prompt.

Privacy and Security Concerns

Although the Internet of Things is still really in its infancy, there are already a number of concerns that are being raised around privacy and security. Essentially the smart devices in your home rely on the collection and analysis of data to do their job. Who owns this data, where this data is stored, and whether companies should have access to it are all questions that are currently being debated.

Privacy is another key issue that people are wrestling with. The internet has many great benefits but it can also be very easily misused. Some cases of this misuse have been where people have installed security cameras into their home. Hackers may be able to gain access to these cameras, watch you in your home and know when you are at home and when you are not.

Although the Internet of Things seems like a great and useful tool, key issues like these need to be considered before diving head-first into the world of IoT.

Read more relevant article: 5 Things to Know About IoT Security