Artificial Intelligence
Agriculture IoT Market Worth $32.75 Billion by 2027- Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®
London, March 22, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled, “Agriculture IoT Market by Component (Hardware, Software, Services), Application (Precision Farming, Smart Greenhouse, Livestock Monitoring, Smart Irrigation, Other Applications), and Geography – Global Forecast to 2027”, published by Meticulous Research, the agriculture IoT market is expected to grow at a CAGR of 15.2% from 2019 to 2027 to reach $32.75 billion by 2027.
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IoT in agriculture uses robots, drones, remote sensors, and computer imaging combined with continuously progressing machine learning and analytical tools for monitoring crops, surveying and mapping the fields, and providing data to farmers for rational farm management plans. With growing population and food demand, it has become imperative for the agricultural industry to incorporate IoT in different agricultural processes. The increasing demand for food is challenged by factors like climate change and other environmental impacts that result from intensive farming practices. Thus, innovators and technology providers bring in distinctive IoT solutions in order to streamline the agricultural processes, generate huge data, and perform different analytics methods to overcome these challenges.
The growth of this market is mainly driven by the extensive government initiatives in encouraging modernized farming techniques, rising population with increased demand for high-quality food products, and shrinking arable land. In addition, the advent of big data analytics in smart farming and computer vision in precision farming is expected to provide significant growth opportunities for agriculture IoT providers. However, risks associated with data security and privacy, dearth of technically skilled farmers, and lack of standardization in the smart agriculture industry can obstruct the growth of this market.
Impact of COVID-19 on the Agriculture IoT Market
The ongoing COVID-19 outbreak has affected several end-use sectors, as most operations are temporarily suspended across major manufacturing and processing hubs. Prior to the outbreak, industries were actively competitive due to Industry 4.0, which led them to adopt various technologies to a greater extent. The agri-tech sector was also flourishing with the adoption of new techniques, such as IoT and big data analytics. However, with the sudden outbreak of this pandemic, several sectors have stopped their ongoing production and projects, which has affected businesses associated with the incorporation of technology. In addition, the immediate financial impact on farmers has already resulted in a massive reduction of non-essential spending and investments.
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Due to the rapid dip in demand and unavailability of raw materials, workforce, and assets, production plans are expected to change on a much higher frequency. This would slow down the adoption of agriculture IoT solutions, as farmers are inclined to manage their business with existing technologies and resources. Furthermore, farmlands that had incorporated agriculture IoT solutions, which exist in the severely affected regions, are expected to explore a proactive deployment of automation technologies to decrease worker density throughout their operations.
Although the impact of COVID-19 has affected the majority of farmers across the globe, these businesses are eying to make a strong comeback by attracting consumers in the post-COVID-19 business environment. With the help of positive government policies, the agriculture sector is expected to make substantial investments in technological up-gradations and incorporate agriculture IoT solutions as one of the business strategies to increase crop production. The adoption of agriculture IoT in the race to satisfy increasing enhanced food quality demands is expected to trigger the need for agriculture IoT solutions, and hence the market is expected to experience a decline of (0.8%) in 2021 compared to 2020 and with a positive growth from 2022 onwards.
The global agriculture IoT market is mainly segmented on the basis of component (hardware, software, services), application (precision farming, smart greenhouse, livestock monitoring, smart irrigation, other applications), and geography. The study also evaluates industry competitors and analyses the market at a country level.
Based on component, the hardware segment commanded the largest share of the overall agriculture IoT market in 2020. The large share can be attributed to the growing demand for automating agricultural processes and increasing innovative products offered by start-ups. However, the services segment is expected to grow with the fastest CAGR during the forecast period. The growth of this segment is attributed to the growing demand for network threat modeling, configuration management, vulnerability management, and network forensic services in order to boost productivity. Various players are launching innovative products in the hardware market. The Semios platform (Semios) is developed for determining the overall crop health benefitting farmers by improving their farming practices and effectively preventing diseases or infestations that affect the yield. Apart from that, dashboards and display monitors are used by farmers for farm management to conduct analytics and accounting/reporting capabilities.
Based on application, the precision farming segment accounted for the largest share of the overall agriculture IoT market in 2020. The growth of this segment is attributed to the growing demand for high yield methods, availability of limited arable land, and development of new solutions for precision farming. Precision farming helps farmers with increased yields, the profitability of production, better working conditions, increased animal welfare, and the potential to improve various aspects of environmental stewardship. Thus, precision farming contributes to the broader goal of achieving sustainability in agricultural production. However, the smart greenhouse segment is expected to grow with the fastest CAGR during the forecast period. The fast growth rate of this segment is attributed to factors such as the scarcity of water for agriculture, government encouragement, and high yield production from greenhouses. Some regions with water scarcity tend to incorporate smart greenhouse farming for saving water as it comprises of advanced irrigation systems. The U.S., Israel, and the Netherlands smart greenhouse farming industries are the most advanced in the world while China’s growing focus on environment conservation is gradually increasing the adoption rate of this practice, supporting the application to grow with significant CAGR.
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Geographically, North America commanded the largest share of the global agriculture IoT market in 2020. The large share of this region is primarily attributed to the availability of sensor driven data, greater adoption of advanced technologies, growing sense of safety & security, growing need of energy efficient products & systems, innovation in the field of IoT devices, and the presence of major players in this region. North America is currently the most technologically advanced region and the center of smart farming, with the highest installed base of IoT devices. The rising demand for quality food and shrinking arable land are the two major factors driving the market growth in this region. Farmers in this region are heavily dependent on technology and are successfully catering to the demands of the residents with improvised food products. This implies that technology evolution is currently at a mature stage. As the technology adoption rate is high in this region, farmers tend to invest in upgraded versions and newer technologies that could be easily integrated with the existing ones and thus ensure enhanced agricultural output.
However, Asia Pacific is offering some serious challenges to the dominance of North America in the global agriculture IoT market. The growth in this market is driven by the growing demands for adopting digital solutions in product development processes to reduce downtime; rising potential of users to invest in digital solutions to survive in competitive markets; and increase in the average spending across countries, such as South Korea, India, Japan, and China. Moreover, countries with emerging economic conditions like Bhutan and Thailand have also already adopted smart solutions in their agricultural processes, which is transforming their business with increased profitability. The increasing number of government initiatives for transforming the agricultural practice into smart farming and growing number of start-ups are some of the factors expected to drive the market growth of this region.
The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years. The global agriculture IoT market is consolidated and dominated by few major players, namely Deere and Company (U.S.), Trimble Inc. (U.S.), AGCO Corporation (U.S.), Raven Industries (U.S.), Delaval (Sweden), GEA Group (Germany), AgJunction (U.S.), Antelliq (France), Ponsse (Finland), Komatsu Forest (Sweden), Farmer’s Edge Inc. (U.S.), The Climate Corporation (U.S.), DICKEY-john (U.S.), and CropMetrics LLC (U.S.) among others.
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Scope of the Report:
Agriculture IoT Market, by Component
- Hardware
- Automation and Control Systems
- Irrigation controllers
- Flow and Application Control Devices
- Variable Rate controllers
- Sensing and Monitoring Devices
- Soil Sensors
- Water Sensors
- Climate Sensors
- Sensors for livestock
- Guidance and Navigation
- Drones
- Handheld computers
- Displays
- Harvesters & Forwarders
- RFID tags and readers
- LED Grow Lights
- Automation and Control Systems
- Software
- On-Premise
- Cloud based
- Services
- Professional Services
- Managed Services
Agriculture IoT Market, by Application
- Precision Farming
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking & Forecasting
- Variable Rate Technology
- Inventory Management
- Financial Management
- Others (precision forestry)
- Smart Greenhouse
- Ambient Environmental Monitoring
- Yield Monitoring
- Water & Nutrient Management
- Livestock Monitoring
- Feeding Management
- Breeding Management
- Behavior Monitoring and Management
- Others
- Smart Irrigation
Agriculture IoT Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- The Middle East and Africa
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Amidst this crisis, Meticulous Research® is continuously assessing the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Artificial Intelligence
Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.
“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
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“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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