Internet of Things (IoT) consists of enhanced objects integrated with technology to enable operations such as sensing, processing, and sending data to other networks. Over the past few years, the application of IoT in agriculture has enables smart farming. The integration between technology and farmers’ skills is aimed to produce the best quality and quantity of the commodity. Deployment of technology has resulted in easily carrying out farming activities such as planting, growing, harvesting, checking of crops, and others. Technological applications have introduced sensors, drones, artificial intelligence (AI), and robotics with an aim to optimize and streamline the process.
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The growth is primarily attributed to increased awareness of the benefits and convenience that technological applications entail over conventional farming or agricultural practices. The adoption of IoT-based agricultural techniques is likely to provide impetus to countries with low agricultural production due to climatic conditions and low arable land and help reinvent their agricultural sector. The global IoT in agriculture market is expected to grow more in the coming years with increased emphasis on alternative and vertical farming and increased government initiatives throughout the world for uplifting the global agricultural industry.
Agriculture technology services are being intensively introduced to improve agricultural productivity and thus the yield. Some prominent technology services utilized by farmers across the world include farm management software, agriculture drones, agriculture robots, precision irrigation equipment, and remote sensing. Agriculture technology being offered as a service also eases the financial friction among farmers to adopt technology for meeting the increasing demand for more food yield from their agricultural fields.
With the growing global population, the need to improve farm output also increases. It is a challenge for farmers across the globe to produce high-quality crops to cater to the need for increased food security. Fortunately, the introduction of mechanization and sustainable agriculture technology helps farmers to improve crop production and lessen the concern over global food security. Ranging from seeding and planting to harvesting, several application areas have been realized by the industry as areas that lead to high return on investment with IoT in the agricultural sector.
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The global IoT in agriculture market by the application segment is expected to be dominated by precision crop farming. This dominance is majorly attributed to the popularizing concept and high adoption of precision crop farming practices. The increasing proliferation of IoT and the use of advanced analytics in the agricultural sector has been providing an impetus to the precision crop farming application.
Reports and Data has recently published a new report on global Precision Farming/Agriculture market forecast to 2028.
The report evaluates vital features about existing and expected market over the forecast period.
It offers a detailed industry analysis of market size, market growth, emerging trends, key restraints and top companies.
The data has been collected through immense research and is assessed by professional industry experts to provide key insights into statistical market data.
The data is represented in the form of tables, diagrams and charts to offer easy glance of the market scenario to the readers.
Key Companies in the market include: The major Precision Farming/Agriculture companies such as Deere & Company (U.S.), Trimble (U.S.), AGCO Corporation (U.S.), AgJunction (U.S.), Raven Industries (U.S.), AG Leader (U.S.), Precision Planting (U.S.), Cropmetrics (U.S.), Topcon Positioning Systems, Inc. (U.S.), Dickey John Corporation (U.S.), and PrecisionHawk (U.S.) have been profiled in the report.
