Technological Advancement Followed By the Adoption of the IoT Based Equipment Increasing the Farming Market Over the Forecast Period : Ken Research

According to study, “Global IoT of smart farming Market Size study, by Type (Hardware, Software, Services), Application (Water Supply Management, Precision Agriculture, Integrated Pest Management/Control) and Regional Forecasts 2018-2025” some of the major companies that are currently working in the global IoT of smart farming market are Cisco Systems Inc., Kaalot Technologies, International Business Machines (IBM) Corp., CNH Industrial, Virtus Nutrition, Oracle Corp., Precision Planting LLC, Accenture, John Deere Company Inc., Auroras, AGCO Corp., Libelium, CEMA, Link Labs, DigiReach, Afimilk, DeLaval, Allflex, TeeJet Technologies, Raven Industries, Trimble Inc., Topcon Positioning Systems, Topcon Positioning Systems Inc., Ag Leader Technology, Mouser Electronics, SemiosBio Technologies, Pycno, Postscapes, Softweb Solutions, Smart Farming, Senix, Sensolus, Senseye, Solution Analysts, Hexagon Agriculture, DICKEY John Corporation.The key players are focusing on integrating data analytics and IoT based systems in their product or invention targets.

Internet of Things or IoT for smart farming is a system in which it possible to have a remote monitoring of the crop field with the help of sensors (humidity, light, temperature soil moisture, etc.) and computerizing the irrigation system. Farmers can monitor their crop field conditions from remotely. The crops and the fields can be monitored and maintained as per the production rate, followed by analyzing the failure predictions and supporting the labor effectiveness. It optimizes the crop treatment for instance watering, accurate planting, pesticide applications & harvesting directly influences production rates. The use of IoT based services enables farmers which can analyze the production levels, sunlight intensity, soil moisture, and more in real time and the remote operations to accelerate the decision making procedures.

Based on the component type, the IoT of smart farming market is segmented into software, services and hardware. The services include connectivity services, managed services, assisted professional services and maintenance and the support services. The hardware display devices are primarily control, and monitor device equipped as the sensors. Based on the product, market is categorized into livestock monitoring, smart irrigation, fish farm monitoring, and greenhouse and waste technology. The livestock monitoring is sub-segmented into feed management, milk harvesting, heat stress and the fertility monitoring followed by animal health monitoring and the comfort. Based on focusing on the systems market is segmented into communication systems, data management systems, sensing systems and cloud computing systems. Based on the application, market is segmented into precision agriculture, water supply management and integrated pest management or control. The precision agriculture includes irrigation management, crop scouting and yield monitoring & farm mapping.

The global IoT of smart farming is driven by the reduction sensors cost, followed by the need to gain better control on raising livestock and growth of crops, and increase in adoption of the IoT which improves farming practices, investments, cost management, increasing in the IoT solutions for the remote monitoring. In addition, key restraining factors include elevated initial cost requirement, infrastructural mobility imitations, privacy & security concerns and the expensive maintenance of the hardware systems. Moreover the end-to-end farm management systems and the increased business efficiency based on the use IoT have enabled automation in plantation of the crops. The new trends followed by use of predictive analytics techniques in smart farming, big data techniques have increased use of smart equipment in the farms for the developed economies.

The North American region is the leading region with the total revenue augmenting the availability of new technology in the farming sector. The European region is expected to have significant contribution share of the internet vehicle and techniques. It is also estimated that the global IoT of smart farming market is expected to grow by US $6.4 billion, by 2025.

To know more, click on the link below :- Global IoT of smart farming Market

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