Internet of Things (IoT) in Agriculture Market 2025 to 2034
Internet of Things (IoT) in Agriculture Market 2025 to 2034
Internet of Things (IoT) in Agriculture Market (By Component: Hardware, Software, Connectivity & Services; By Type: Small Farms, Mid-Sized, Large; By Application: Precision Aquaculture, Precision Farming, Smart Greenhouses, Precision Livestock, Precision Forestry, Others; By Region: North America, Latin America, Europe, Asia-Pacific, Middle and East Africa) Industry Size, Share, Growth, Trends 2025 to 2034.
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Revenue, 2025
USD 17.78 Bn
Forecast Year, 2034
USD 40.24 Bn
CAGR, 2025 - 2034
9.37%
Report Coverage
Worldwide
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Published By
Deepa Pandey
Reviewed By
Aditi Shivarkar
Reviewed By
Aman Singh
The global IoT in agriculture market, valued at USD 17.78 Billion in 2025, is poised to expand to USD 40.24 Billion by 2034, driven by smart farming adoption, precision agriculture technologies, and advanced connected solutions at a CAGR of 9.37%.
Internet of Things (IoT) in Agriculture Market Size Analysis
Internet of Things (IoT) in Agriculture Market Size By Component 2025 to 2034 (USD Billion)
| Component | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hardware | 5.20 | 5.67 | 6.18 | 6.80 | 7.43 | 8.07 | 8.85 | 9.57 | 10.58 | 11.52 |
| Software | 6.28 | 6.85 | 7.50 | 8.22 | 8.97 | 9.85 | 10.73 | 11.77 | 12.86 | 14.13 |
| Connectivity & Services | 6.31 | 6.93 | 7.59 | 8.23 | 9.05 | 9.91 | 10.84 | 11.93 | 12.96 | 14.16 |
Internet of Things (IoT) in Agriculture Market Size By Type 2025 to 2034 (USD Billion)
| Type | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Small Farms | 3.17 | 3.48 | 3.80 | 4.18 | 4.58 | 5.04 | 5.54 | 6.07 | 6.68 | 7.36 |
| Mid-Sized | 3.38 | 3.69 | 4.00 | 4.43 | 4.83 | 5.28 | 5.71 | 6.28 | 6.90 | 7.57 |
| Large | 11.23 | 12.29 | 13.47 | 14.65 | 16.03 | 17.50 | 19.18 | 20.93 | 22.81 | 24.88 |
Internet of Things (IoT) in Agriculture Market Size By Application 2025 to 2034 (USD Billion)
| Application | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Precision Aquaculture | 1.88 | 2.07 | 2.29 | 2.49 | 2.73 | 2.96 | 3.25 | 3.57 | 3.93 | 4.27 |
| Precision Farming | 2.35 | 2.55 | 2.79 | 3.04 | 3.33 | 3.67 | 3.96 | 4.35 | 4.77 | 5.24 |
| Smart Greenhouses | 2.74 | 2.99 | 3.27 | 3.60 | 3.97 | 4.33 | 4.74 | 5.18 | 5.67 | 6.25 |
| Precision Livestock | 2.93 | 3.22 | 3.53 | 3.89 | 4.24 | 4.62 | 5.05 | 5.57 | 6.13 | 6.64 |
| Precision Forestry | 3.61 | 3.94 | 4.27 | 4.69 | 5.10 | 5.62 | 6.18 | 6.71 | 7.29 | 8.04 |
| Others | 4.27 | 4.67 | 5.13 | 5.56 | 6.08 | 6.63 | 7.25 | 7.89 | 8.62 | 9.36 |
Internet of Things (IoT) in Agriculture Market Size By Region 2025 to 2034 (USD Billion)
| Region | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | 0.88 | 0.97 | 1.06 | 1.16 | 1.27 | 1.38 | 1.51 | 1.67 | 1.83 | 2.00 |
| Europe | 1.90 | 2.06 | 2.26 | 2.46 | 2.69 | 2.92 | 3.21 | 3.54 | 3.82 | 4.21 |
| Asia Pacific | 3.76 | 4.10 | 4.48 | 4.91 | 5.38 | 5.84 | 6.37 | 6.95 | 7.60 | 8.38 |
| Latin America | 5.45 | 5.94 | 6.53 | 7.12 | 7.80 | 8.58 | 9.42 | 10.29 | 11.24 | 12.25 |
| Middle East and Africa | 5.79 | 6.38 | 6.93 | 7.61 | 8.29 | 9.11 | 9.92 | 10.82 | 11.90 | 12.98 |
Internet of Things (IoT) in Agriculture Market Size to Attain USD 40.24 Billion by 2034
The global internet of things (iot) in agriculture market size was evaluated at USD 17.78 Billion in 2025 and is expected to grow around USD 40.24 Billion by 2034 a CAGR of 9.37%.
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