Internet of Things (IoT) in Agriculture Market - Databook 2025 to 2034

The global internet of things (IoT) in agriculture market size surpassed USD 16,260 million in 2024 and is predicted to reach around USD 40,670 million by 2034, registering a CAGR of 9.6% from 2025 to 2034.

Internet of Things (IoT) in Agriculture Market Highlights

• By region, Asia Pacific is a leading force in the market and is projected to expand rapidly in the coming years.
• By component, the hardware segment accounted for a considerable share of the market in 2024.
• By component, the connectivity & services segment is projected to experience the highest growth rate in the market between 2025 and 2034.
• By type, the large segment led the Internet of Things (IoT) in agriculture market.
• By type, the mid-sized segment is anticipated to grow with the highest CAGR in the market during the studied years.
• By application, the precision farming maintained a leading position in the market in 2024.
• By application, the precision livestock segment is predicted to witness significant growth in the market over the forecast period.

Industry Valuation and Growth Rate Projection

The Internet of Things (IoT) in agriculture market is growing because of the exponential rise in connectivity and advances in robotics in recent years. The internet has now become a constant in billions of people’s lives, and various industries are taking full advantage of it for instant connectivity. The rapid and generational growth after connective devices were introduced by default entitled to serve various markets. The Internet of Things connects even everyday objects through networks of vehicles, software, appliances, etc. IoT is commonly known as a ‘smart object.’ The network can range from home devices to complex machinery and transportation operations. Collecting and sharing of data makes IoT accessible and convenient. The interconnecting devices create a vast network range.

The Internet of Things (IoT) in agriculture market has encouraged farmers to approach smart farming. IoT connects to devices and allows to gather and share data which includes climate tracking, drones, and sensors. This market empowers the agricultural economy by allowing farmers to keep closer track of their crops, livestock, and environmental conditions such as humidity and soil health.

Economic activities facilitate and enhance digital technologies by allowing farmers to connect online better and even open up e-commerce and warehousing sector-related opportunities for them. Farmers can also track their shipments better, tracking inventory in storage. The drastic transformation of traditional farming into modern farming and precision agriculture via IoT has improved the efficiency of this market.

Predictive decision-making is being widely implemented with the help of IoT devices to help with the help through analysis of data collected on a massive scale. This allows farmers to optimize conditions on the field through careful monitoring. The advanced components featured in the network device calculate water stress, smart data, field monitoring, auto spreading, and diagnosis of diseases. Smart connectivity reduces stress and fuels positive living.

These multi-purpose IoT interventions with technological advances are being widely adopted for operating and monitoring a number of devices. This is leading to increased demand for agricultural drones and other products that support network connectivity. Sensors help in measuring soil conditions and also track weather stations and drones take pictures of fields. The requirement of managing and monitoring the field is a concern area for any farmer. Traps equipped with cameras and detector detects pests considering the area of diseases. Internet of Things (IoT) in agriculture market helps in utilizing time and updating accurate information regarding the latest current status of the agriculture field.

Due to the unfavorable weather and disruption in connectivity, farmers end up running into losses. Another restraint to this market is low digital literacy. Usage of any network device needs study and precise understanding of methods and processes. The transforming and changing innovations and upgrades in the agriculture sector are a challenge for farmers.

Artificial Intelligence (AI) motivates the Internet of Things (IoT) in agriculture market to reach exponential growth. The development of robotics and real-time data analysis sensors is the best AI appliance. AI offers progressive scopes for the surveillance of temperature, water content, radiation, humidity, pollution, etc. AI helps in understanding major processes and steps in all languages by selecting and converting text.

Internet of Things (IoT) in agriculture market profits from multiple professions, including mechanics, electricians, developers, and environmental experts, engineers, and data analysts. To expand and explore innovation and creativity this market is always in need of new individual talent and resources for various departments. A major future opportunity of growth in the market the emergence of B2B operations in agriculture. Business-to-business transactions and transparency connect businesses, suppliers, processors, and farmers.

The flow of the supply chain throughout focuses on the continuity of exchanging products/profit and good business relations. It also impacts extensive trading in the online marketplace, where farmers are allowed to list the production and connect with direct buyers. Online grocery shopping is a satisfying opportunity to encourage business and acknowledge feedback to implement improvement and change in certain areas.