Over the past few years, the application of IoT in agriculture has enabled smart farming. The deployment of such technology has resulted in increased efficiency in activities such as planting, growing, harvesting, checking crops, and others. In 2020, the global application of IoT in precision crop farming amounted to 7.28 billion U.S. dollars and is expected to reach more than 13 billion U.S. dollars in 2026.
Application of IoT in agriculture Market worldwide from 2020 to 2026, by segment
(in million U.S. dollars)
Characteristic
Precision crop farming
Livestock monitoring and management
Indoor farming
Aquaculture
Others
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BIS Research. (August 5, 2022). Application of IoT in agriculture Market worldwide from 2020 to 2026, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1343764/iot-agriculture-market-by-segment/
BIS Research. "Application of IoT in agriculture Market worldwide from 2020 to 2026, by segment (in million U.S. dollars)." Chart. August 5, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1343764/iot-agriculture-market-by-segment/
BIS Research. (2022). Application of IoT in agriculture Market worldwide from 2020 to 2026, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1343764/iot-agriculture-market-by-segment/
BIS Research. "Application of Iot in Agriculture Market Worldwide from 2020 to 2026, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 5 Aug 2022, https://www.statista.com/statistics/1343764/iot-agriculture-market-by-segment/
BIS Research, Application of IoT in agriculture Market worldwide from 2020 to 2026, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/1343764/iot-agriculture-market-by-segment/ (last visited July 22, 2024)
Application of IoT in agriculture Market worldwide from 2020 to 2026, by segment (in million U.S. dollars) [Graph], BIS Research, August 5, 2022. [Online]. Available: https://www.statista.com/statistics/1343764/iot-agriculture-market-by-segment/