Smart Agriculture Market Expected to Reach $36.2 Billion by 2030

1 min read

This adds up to significant growth over the current estimated market of $12.1 billion.

The report, available for purchase, attributes the growth to artificial intelligence (AI), the internet of things (IoT), and increasing pressure on the food supply. Smart agriculture is a concept that aims to make it easier for farmers to use modern technologies.

“Connected technologies such as Wi-Fi, Zigbee, additional wireless sensors, and low-power wide area network technology are some of the various technologies that assist farmers in efficiently carrying out various agricultural operations such as harvesting, purchasing, planting, and inventory control. Farmers are increasingly using IoT and artificial intelligence to monitor agricultural fields and automate irrigation processes. Furthermore, modern technology has increased the productivity of organic farming, including greenhouse and vertical farming.

Drivers include precision farming/smart agriculture to help farmers resist the negative effects of nature on crops by capturing geospatial data on soil, animals, and plants, as well as other inter- and intra-field information.

This approach “saves resources by using the right amount of irrigation water, liquid fertilizers, nutrients, herbicides, and pesticides. Farm automation, animal farming technology, yield mapping systems, precision agriculture, blockchain, artificial intelligence, and data management solutions are examples of modern technological solutions implemented in agriculture. This aids in increasing land fertility and profitability and facilitating sustainable agriculture, increasing productivity, and lowering farming costs.”

The report concludes: “Precision agricultural technology is expected to make agribusiness more profitable than ever before. As a result, business-minded farmers have begun to employ a variety of precision farming/smart agriculture tools to increase crop yields and profit margins.”

Jetruby is an expert in helping organizations create scalable, minimally viable solutions to cost effectively solve problems and enhance solutions through smart application technology.

Download the sample PDF.

 

Editor's Choice

Post Image
8 min read

How Farm Boosted Its Profitability with the Scouting App We Developed

Our blog often reviews innovative farming architecture and tools in the context of their business practicality. Today we’ll tell you how we created…

Post Image
5 min read

Optimizing Health and Wellness App

This article highlights our technical solutions and the results of optimizing the health and wellness app. Context: Our partner, the U.S. health and…

Post Image
3 min read

Sidekiq Batches with Sub-Batches. Simple Way to Organize Code

Sidekiq Batches is a feature in the Sidekiq job processing framework that allows you to process jobs in batches. With Sidekiq Batches, you…

Get the best content once a month!

Once a month you will receive the most important information on implementing your ideas, evaluating opportunities, and choosing the best solutions! Subscribe