Increasing usage of IoT in the agriculture sector is contributing to the growth of the precision Farming/Agriculture market. Farm managers & producers are leveraging the capabilities of the IoT devices, such as sensors, GPS & GNSS systems, and automated steering systems, for soil sampling, temperature monitoring, filed mapping, irrigation management, and several other applications. According to the current analysis of reports and data, the global precision Farming/Agriculture market was valued at US$5.3 Billion in 2018 and is expected to reach US$14.1 Billion by the year 2026, at a compound annual growth rate (CAGR) of 12.7%. This high growth is mainly attributable to...
(read more)