The Internet of Things (IoT) has been making waves in a wide range of industries, and agriculture is no exception. IoT in agriculture is being used to improve crop yields, reduce costs, and make farming more sustainable. In this article, we will be exploring the benefits and drawbacks of implementing IoT technology in agriculture, and examining how it is being used to revolutionize the way we grow our food. From precision farming to remote monitoring, IoT is changing the way we think about agriculture, and we will be delving deep into this fascinating topic, to understand its full potential. Let's explore the pros and cons of IoT in agriculture
Pros of IoT in Agriculture:
- Increased crop yields: IoT devices can be used to monitor soil moisture, temperature, and nutrient levels, which can help farmers optimize growing conditions for their crops, and thus increase crop yields.
- Reduced costs: IoT technology can help farmers to reduce water usage and fertilizer application by monitoring soil moisture and nutrient levels in real-time. This can help to lower the costs of farming.
- Improved sustainability: IoT devices can be used to collect data on crop health, weather patterns, and other environmental factors, which can help farmers make more informed decisions about how to manage their land and resources, resulting in more sustainable farming practices.
- Precision farming: IoT enables farmers to monitor their crops and soil conditions in real-time and make necessary adjustments, resulting in more efficient use of resources and better yields.
- Remote monitoring: IoT devices allow farmers to monitor their farms remotely, which can be particularly useful for large-scale operations and for farmers who are not able to be on their land all the time.
Cons of IoT in Agriculture:
- High costs: Implementing IoT technology in agriculture can be expensive, and many small farmers may not be able to afford the necessary devices and infrastructure.
- Limited availability: IoT technology is still in its early stages of development, and many devices are not yet available for widespread use in agriculture.
- Privacy and security concerns: The collection and sharing of data via IoT devices raise concerns about privacy and security.
- Dependence on technology: Farmers may become too dependent on IoT devices and may not be able to make decisions without the technology.
- Risk of device failure: IoT devices are subject to failure and malfunction, which can lead to loss of data and interruption of farming operations.
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Overview:The global IoT in agriculture market size is showing chances of crossing a valuation of USD 34.88 Bn by 2027 using a CAGR of 13.6% during the forecast period (2020 to 2027).
Segmentation:The global report, published by MRFR experts on the IoT in the agriculture market, includes a study based on a segmentation of components and applications.
The system segment encompasses fish farming systems, sensing and monitoring systems, livestock monitoring systems, automation, smart greenhouse systems, and control systems, and others.
The automation and control systems segment encompasses studies on irrigation controllers, flow and application control devices, GPS/GNSS systems, drones/UAVs, handheld mobile devices/handheld computers, guidance and steering, displays, and others.By application, the global IoT in the agriculture market incorporates aspects of precision crop farming, livestock monitoring, aquaculture, indoor farming, water supply management, integrated pest management, and others.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8476Regional Analysis:Infrastructural advantage and better support from the investors are expected to keep North America and Europe in advantageous positions.
Asia Pacific’s reliance on the agrarian economy is also going to bolster the regional market growth.Competitive Landscape:The global market report on the IoT in the agriculture market covers the strategic moves of companies like Grownetics (US), Deere & Company (US), Dickey John (US), Precisionhawk Inc. (US), Scicrop (Brazil), CropIn (US), Shivrai Technologies Pvt.
Ltd (US), Proagrica (US), AG Leader Technology (US), Raven Industries (US), Topcon Corporation (Japan), DuPont Pioneer (US), Tigercat (US), IBM Corporation (US), Hexagon Agriculture (Sweden), Decisive Farming (Canada), Cainthus (Ireland), Tree Metrics (Ireland), Descartes Labs (US), Sky (Canada), Nileworks Inc. (Japan), Autonomous Tractor Corporation (US), and Gamaya (Switzerland).Industry News:In September 2020, three leading Indian technology institutions – Gauhati University, IIT Bombay, and the Dhirubhai Ambani Institute of Information and Communication Technology from Gandhinagar announced a collaboration to develop high-tech sensors that can be used in agriculture.
Technology has made lives easier for people in every sector. From big IT companies to healthcare, adopting technology has impacted everyone. IoT has also made an impact on the agricultural sector. According to a survey, the IoT market in agriculture stood at 1.8 billion dollars globally.
It is further expected to grow by 4.3 billion dollars by the year 2023. The global population is about to reach 9.6 billion by the year 2050. To feed people globally, it must adopt the internet of things technology in agriculture. IoT technology can race against challenges like extreme weather conditions, environmental impact, and climatic changes.
