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Title: IoT in Agriculture Market Projected to Reach $83.26 Billion by 2031

India, 5th Aug 2024 - The Global Internet of Things (IoT) in Agriculture Market reached US$ 31.10 billion in 2024 and is projected to grow to US$ 83.26 billion by 2031, with a CAGR of 13.1% during the forecast period of 2024-2031.This growth is driven by the increasing demand for agricultural produce to meet global food requirements, prompting producers to adopt advanced technologies to enhance yields.Key Findings and Highlights:The IoT in Agriculture market is expected to reach $83.26 billion by 2031, growing at a CAGR of 13.1% from 2023 to 2031. Precision farming is the largest segment of the IoT in the Agriculture market, accounting for 35.2% of the global market in 2022. The Asia Pacific region is the fastest-growing market for IoT in Agriculture, with a CAGR of 16.5% from 2023 to 2031. The increasing adoption of IoT devices and sensors in agriculture is driving the growth of the market. The rising demand for food and the need for sustainable agriculture practices are also contributing to the growth of the market.Download Free Sample Copy: https://www.datamintelligence.com/download-sample/internet-of-things-in-agriculture-marketMarket TrendsAdoption of Advanced Technologies: The agriculture industry is rapidly incorporating updated technologies to improve productivity. Among agritech submarkets, 21% of farmers have adopted farm-management software, 15% utilize remote-sensing and precision agriculture hardware, and 4% plan to adopt these technologies, with 2.5% focusing on automation and robotics.Rising Demand for IoT Solutions: IoT technologies are revolutionizing farming practices by providing real-time data to optimize crop management, irrigation, fertilization, and pest control. Precision agriculture, powered by IoT, enables farmers to ma...

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