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Agriculture IoT Market worth $18.1 billion by 2026 - Exclusive Report by MarketsandMarkets
Agriculture IoT Market with COVID-19 Impact Analysis by Hardware, Application (Precision Farming, Precision Forestry, Precision Livestock, Precision Aquaculture, Smart Greenhouse), Farm Size, Production Stage, and Geography - Global Forecast to 2026 , published by MarketsandMarkets, the global Agriculture IoT Market is estimated to grow from USD 11.4 billion in 2021 to USD 18.1 billion by 2026 at a CAGR of 9.8% during 2021-2026. The growth of the agriculture IoT market is driven by factors such as increasing adoption of the Internet of Things (IoT) and artificial intelligence (AI) by farmers and growers, growing focus on livestock monitoring and disease detection, high demand for fresh produce, population growth, loss of arable land, surging adoption of aquaculture monitoring and feed optimization devices in developing countries, and strong government support for precision farming practices
/PRNewswire/ According to the new market research report "Agriculture IoT Market with COVID-19 Impact Analysis by Hardware, Application (Precision Farming,.
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The global precision aquaculture market is estimated to grow from USD 407 million in 2021 to USD 794 million by 2026; at a CAGR of 14.3%.
Precision aquaculture technology has the potential to transform the aquaculture industry, making traditional aquaculture activities more efficient and economical.
The growth of the precision aquaculture market is driven by factors such as growing investments in technological research and product innovation, the surging adoption of advanced technologies such as IoT, ROVs, and AI for the real-time monitoring of aquaculture farms, the rising demand for protein-rich aqua food, and increasing support by worldwide governments for infrastructure development in aquaculture.