Global Smart Agriculture Solutions Pegged to Witness an Impressive Growth in the Near Future


Agriculture is the most widespread economic sector, and plays an indispensable role in the nation’s overall economic development. Technological advancements in the field of agriculture is expected to increase competence in certain farming activities. Many novel methodologies have been proposed for smart farming, for example- smart sensing systems linked to smart irrigator systems via wireless communication technology. This has helped to increase focus on measuring physical parameters such as nutrient content, soil moisture content, and pH of soil, which play a crucial role in the activities of farming. Based on the essentiality of chemical and physical parameters of measured soil, quantity requirements of water, compost, and green manure are splashed on crops utilising a smart irrigator, mounted on movable overhead crane system.

Demand for Smart Agriculture Solutions to be driven by Wide Range of Low-Cost Sensors

Future Market Insights (FMI), in its report, has delivered a detailed analysis on the global smart agriculture solutions market. FMI estimates that the market would register an impressive 11.2% CAGR in the upcoming years, to reach revenues worth US$ 40 Bn by the end of 2026. Soaring demand for elimination of soil erosion resulting from intensive farming, widespread availability of low-cost sensors, and rising preferences on adopting M2M-based monitoring and tracking systems, are some factors expected to fuel the demand for smart agriculture solutions in the near future. Leading market players providing smart agriculture solutions are witnessing struggle while deploying their offerings, owing to the absence of internet and wireless connectivity in farmlands and rural areas.

Smart Agriculture Solution Market

Smart Agriculture Solutions Gaining Higher Traction in Farming Sectors with Soil Degradation Challenges

According to FMI, global population will surpass 10 billion after many years and catering to food demands of this population may pose as a critical challenge to the world. For preventing such global starvation, farmer and agro-industrialists are being compelled by governments across the world in boosting the yield of crops. This purpose is further being supported by excessive adoption of numerous smart agriculture solutions. Global smart agriculture solutions market is gaining higher prevalence among farming sectors, those which are riddled by soil and water degradation challenges. Owing to adoption of smart agriculture solutions, stability in crop productivity is being ensured across the globe coupled with a rise in popularity of sustainable practices for managing croplands.

Benefits of IoT to Agriculture

A networked farm is capable of offering several advantages such as useful data collection, offering high-precision crop control, and automated farming techniques. The concept of smart farming is advancing with a good pace in agricultural business. Out of many advantages offered by Internet of Things (IoT), its ability of innovating the landscape of present farming methods is ground-breaking. IoT sensors provide information on crop yields, pest infestation, soil nutrition, and rainfall. IoT offers precise data which can be utilized to better improve farming techniques.

Concept of Indoor Farming

Smart farming is on its way towards another innovation which includes indoor growing methods which are intensively controlled. Small indoor farming environments, monitoring/administrating specific growing environments, called personal food computers, are being used at MIT Media Lab in its OpenAG initiative. An open-source platform is utilised for collection and sharing of data. The collected data is capable of being downloaded on other personal food computers, for reproducing climate variables such as air temperature, carbon dioxide, root-zone temperature, electrical conductivity, potential hydrogen, dissolved oxygen, and humidity. This enables users with precision of control for documenting, sharing, or recreating specific environment to grow and remove elements of human error and poor weather conditions.

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About Abhishek Budholiya 57 Articles
Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant with Future Market Insights, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.