Global Market for IoT in Smart Farming to Rise at 10.94% CAGR to 2021, Forecasts Infiniti Research in Its Report Available at MarketPublishers.com
24 Nov 2017 • by Natalie Aster
LONDON – The continued progress in the Internet of things (IoT) technologies, remarkable advances in the telecommunication devices sector and introduction of innovative wireless sensors are giving an impetus to the adoption of IoT in the smart farming market.
The highest rate of IoT adoption in the smart farming sector is registered in such countries as Japan, the US, Germany and the UK. This is attributed to limited farmlands in these countries and, thus, strong need for maximum productivity.
Meantime, some developing countries (including Indonesia, India, China, Malaysia, Brazil, Poland, Mexico, amid others) the market for IoT in smart farming is poised to register steady growth in the foreseeable future.
The world’s market for IoT in smart farming is anticipated to increase at a 10.94% CAGR between 2017 and 2021, fueled majorly by robust growth of cloud computing and IoT, reduction is sensors’ prices, increasing adoption of predictive analytics and rising amount of Big Data in smart farming, and also expanding smart farms in the developing regions. However, high initial capital cost of IoT integration in smart farming is still a considerable challenge for the market players.
Discounted in-demand report “Global IoT Market in Smart Farming 2017-2021” worked out by Infiniti Research gives a clear understanding of the current scenario in the world’s market for IoT in smart farming. It covers the historical market development, discloses reliable market performance estimates, describes the actual situation in the market across the key geographies, limelights the market dynamics and examines the main factors fueling and hampering the market growth. Besides, this study includes a detailed market segmentation analysis, uncovers data on the market size and shares, evaluates the market growth rates across different segments. Moreover, this report points out the emerging market trends, opportunities and challenges; scrutinises the competitive scene and offers unique details on the top market players. Additionally, this report includes a comprehensive future outlook for the examined market up to 2021.
Note that until December 31, 2017 you can obtain this in-demand research report at a discounted price!
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