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Agriculture IoT Market to Reach USD 12.61 Billion by 2030 as Precision Farming and AI-Driven Automation Reshape Global Food Production

GlobeNewswire

Delray Beach, FL, Aug. 25, 2026 -- The global agriculture IoT market is expanding steadily as farmers and agribusinesses move toward connected, data-driven operations. According to new research from MarketsandMarkets, the market was valued at USD 8.86 billion in 2025 and is projected to reach USD 12.61 billion by 2030, growing at a CAGR of 7.3% over the forecast period. Growth is being fueled by rising demand for resource-efficient farming solutions, expanding use of IoT-enabled sensors, drones, and automated machinery, and a broader industry shift toward precision agriculture that improves crop yields while reducing waste. As climate variability and global food demand intensify pressure on farm productivity, agriculture IoT is emerging as a foundational technology for modern, sustainable food production.

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