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IoT in Smart Farming Market 2017 Segmentation, Application, Technology and Analysis Forecast to 2021 Tuesday, November 7th, 2017 - WiseGuyReports
IoT Market in Smart Farming 2017 Internet of things (IoT) refers to automated networks of computers, devices, and sensors that can process their own data. These Internet-connected systems gather data and communicate with external processes via onboard sensors, impacting businesses in every industry, including agriculture. The development in the technology of telecommunication devices and IoT, with the support of wireless sensors, is providing the growth momentum for the global IoT market in smart farming. The market is primarily growing in developed countries like the US, Japan, the UK and Germany due to limited farmlands and the need for maximum productivity. In developing countries like China, India, Indonesia, Malaysia, Australia, Brazil, Mexico, Poland, South Africa, and Spain, the market is expected to grow at a linear growth rate. IoT devices are being deployed in farm fields for monitoring the condition of moisture, weather, temperature, growth, and acidity. These devices and sensors are connected to the gateways, and the data is stored in the cloud and shared to the systems. The growth in cloud computing is expected to drive the market during the forecast period. The analysts forecast the global IoT market in smart farming to grow at a CAGR of 10.94% during the period 2017-2021. Covered in this report