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Source: https://bisresearch.com/industry-report/global-iot-agriculture-market.html

Category: Business

Tags: IoT in Agriculture Market, iot in agriculture, smart agriculture iot farming, smart agriculture using iot, smart agriculture system, smart farming using iot, internet of things in agriculture

IoT in Agriculture Market Analysis by [Application] | BIS Research 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. The IoT in agriculture market (by application) was dominated by the precision crop farming application area, which generated a revenue of $8.60 billion in 2021. The gradual adoption of smartphones, access to high-speed internet, availability of affordable and reliable satellites for positioning and imagery, and technological advancements in farming equipment have led to the high prevalence and popularity of precision crop farming techniques and equipment. 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.

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