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Internet of things (iot) market report

Internet of things (iot) market report

Internet of things (IoT) is a convergence of electronic systems, wireless communication technologies, micro-services, and the internet. Visit Us : https://www.scalarmarketresearch.com/market-reports/internet-of-things-iot-market-1

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Applications of Agriculture to Dominate the Global IOT Market by 2024

Applications of Agriculture to Dominate the Global IOT Market by 2024

The agriculture IOT market is expected to grow from USD 12.7 billion in 2019 to USD 20.9 billion by 2024, at a CAGR of 10.4% from 2019 to 2024. A few key factors driving the growth of this market are increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, focus on livestock monitoring and disease detection to improve farming efficiency, and rising demand for agricultural production owing to increasing population.

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Agriculture IoT market for services is expected to grow at the highest CAGR during the forecast period

Agriculture IoT market for services is expected to grow at the highest CAGR during the forecast period

The increasing demand for managed services and the rising installations of smart agriculture devices worldwide are the primary reasons behind the high growth of this market. Agriculture IoT service providers mainly include companies that provide farm operation services, data services, and farm data analytics to software companies or directly to farmers. https://www.marketsandmarkets.com/Market-Reports/iot-in-agriculture-market-199564903.html

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