Internet of Things (IoT) technology is expected to play an important role in increasing agricultural productivity today to meet the growing demand for food. IoT in the agricultural industry integrates IoT-based advanced technology tools, systems, equipment and solutions to increase operational efficiency, maximize yield, and minimize energy waste through real-time field data collection, data storage, data analysis and control development. platform. A variety of IoT-based applications such as precision agriculture, livestock monitoring, smart greenhouse and farm monitoring are expected to play an important role in speeding up agricultural processes. IoT technology can connect farms through a single platform, share, store and analyze information, making them more intelligent, solving agricultural-based problems and optimizing the quantity and quality of agricultural production. The global IoT in the agricultural market is expected to grow at a remarkable CAGR of 14% from 2021 to 2027 due to reduced technology costs as a result of continuous R&D on IoT and efforts from governments around the world. The quality and quantity of agricultural production.
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IoT in Agriculture Market Segmentation
By System
• Automation and control systems
• Sensing and monitoring devices
• Livestock monitoring Hardware
• Fish farming hardware
• Smart greenhouse hardware
• Software
By Application
• Precision farming
• Livestock monitoring
• Smart greenhouse
• Fish farm monitoring
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