The global agriculture iot market size was estimated at USD 28.65 billion in 2024 and is projected to reach USD 54.38 billion by 2030, growing at a CAGR of 10.5% from 2025 to 2030. The market growth is primarily driven by the increasing demand for automation, the need for operational efficiency, and the rise in smart farming technologies that enable precise monitoring and management of crops.

Key Market Trends & Insights

The agriculture IoT market in Asia Pacific dominated the market with a share of over 35% in 2024.

Japan agriculture IoT market is expected to grow rapidly in the coming years.

By component, the hardware segment recorded the largest revenue share of over 56% in 2024.

By deployment, the on-premises segment accounted for the largest revenue share in 2024.

By connectivity, cellular segment accounted for the largest revenue share in 2024.

Market Size & Forecast

2024 Market Size: USD 28.65 Billion

2030 Projected Market Size: USD 54.38 Billion

CAGR (2025-2030): 10.5%

Asia Pacific: Largest market in 2024

In addition, the growing integration of artificial intelligence (AI) and machine learning with IoT systems is anticipated to enhance predictive analytics capabilities, allowing for more informed decision-making in farming operations, which is expected to present lucrative opportunities for the agriculture IoT industry in the coming years.

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