The growth is primarily attributed to increased awareness of the benefits and convenience that technological applications entail over conventional farming or agricultural practices. The adoption of IoT-based agricultural techniques is likely to provide impetus to countries with low agricultural production due to climatic conditions and low arable land and help reinvent their agricultural sector. The global IoT in agriculture market is expected to grow more in the coming years with increased emphasis on alternative and vertical farming and increased government initiatives throughout the world for uplifting the global agricultural industry.

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Agriculture technology services are being intensively introduced to improve agricultural productivity and thus the yield. Some prominent technology services utilized by farmers across the world include farm management software, agriculture drones, agriculture robots, precision irrigation equipment, and remote sensing. Agriculture technology being offered as a service also eases the financial friction among farmers to adopt technology for meeting the increasing demand for more food yield from their agricultural fields.

With the growing global population, the need to improve farm output also increases. It is a challenge for farmers across the globe to produce high-quality crops to cater to the need for increased food security. Fortunately, the introduction of mechanization and sustainable agriculture technology helps farmers to improve crop production and lessen the concern over global food security. Ranging from seeding and planting to harvesting, several application areas have been realized by the industry as areas that lead to high return on investment with IoT in the agricultural sector.

The global IoT in agriculture industry represents a fragmented market in nature and is majorly dominated by the companies that take the lead by acquiring or collaborating with technology-based firms to diversify, innovate and upgrade their solutions.

With better adoption of alternative farming techniques such as IoT in agriculture around the world, the market is expected to flourish in the coming years. Also, with better awareness about alternative farming techniques and the benefits these entail over conventional farming, the IoT in agriculture market will be well accepted and adopted by growers worldwide.

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IoT in agriculture farming techniques is widely accepted worldwide because of the various benefits these techniques offer over conventional farming. The worldwide issue of food safety and security is being addressed with these techniques. The fruits and vegetables produced through these techniques are monitored and developed in a controlled manner to achieve an optimal growing environment.

Internet of Things (IoT) is a term that refers to the connection of devices to the internet that allows the generation and transfer of massive amounts of data. IoT helps to enable devices that gather data such as mobile phones, sensors, drones, satellites, and others to transmit the data captured over the internet. Significantly, IoT allows to capture data from various sources without being there in person; hence, due to such ability, IoT is witnessing a surge across multiple industries.

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