18 February 2020 - Blog
The smart meter market in agriculture is expected to reach $480.19 million by 2024 Smart technologies are revolutionizing...
The smart meter market in agriculture is expected to reach $480.19 million by 2024
Smart technologies are revolutionizing the agriculture market: data about soil, water, weather, etc. is collected, transmitted and analyzed to control machines, optimize irrigation and fertilization, track crop yields, monitor livestock, operate greenhouses, and so on.
Due to the increasing demand for water conservation, smart agricultural practices to enhance farm productivity, and demand for precision agriculture across the globe, the smart irrigation controllers market is growing at a CAGR of 15.0%. According to a recent report by BIS Research, this market was estimated at $207.6 million in 2018 and is expected to reach $480.19 million by 2024. In the past, the use of smart irrigation was only prevalent in developed countries. Today developing countries have also adopted smart irrigation solutions, because they understood the need and advantages of these technologies.
Discover the ISOIL Industria water management product portfolio: visit the website www.isoil.com.
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