GEO´ PR WIRE: Global IoT in Agriculture Market Report 2022
Posted By: GEO´ PRWire – Gibraltar
The “Global IoT in Agriculture Market: Focus on System, Application, and Country-Wise Analysis – Analysis and Forecast, 2019-2026” report.
The global IoT in agriculture market was valued at $21.99 billion in 2021, which is expected to grow with a CAGR of 10.1% and reach $35.55 billion by 2026.
With the recent advancements in the industry, a transformation is expected to be witnessed as more and more companies are enhancing their product portfolio by introducing data acquisition, agricultural robotics, and analytic services.
IoT in Agriculture
Internet of Things (IoT) is a term which refers to the connection of devices to the internet that allows the generation and transfer of massive amounts of data. IoT creates a virtuous cycle that can generate even more precise and tailored products, pushing the boundaries, which helps in digitalization for agriculture.
IoT enables devices entrenched with sensors to connect and interact with each other by using the internet. In the agriculture sector, various devices can be remotely monitored and controlled in real-time, including anything from sheds, tractors, pumps, and weather stations, and computers.
IoT enables one to monitor farm conditions and infrastructure remotely which helps reduce time on field, labour efforts, and investment capital among others allowing the farmers to focus on other things. Learn More
Source Release: March 3rd 2022
Laura Wood, Senior Press Manager
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