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Agriculture IoT Market Worth $32.75 Billion by 2027- Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

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London, March 22, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled, Agriculture IoT Market by Component (Hardware, Software, Services), Application (Precision Farming, Smart Greenhouse, Livestock Monitoring, Smart Irrigation, Other Applications), and Geography – Global Forecast to 2027”, published by Meticulous Research, the agriculture IoT market is expected to grow at a CAGR of 15.2% from 2019 to 2027 to reach $32.75 billion by 2027.

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IoT in agriculture uses robots, drones, remote sensors, and computer imaging combined with continuously progressing machine learning and analytical tools for monitoring crops, surveying and mapping the fields, and providing data to farmers for rational farm management plans. With growing population and food demand, it has become imperative for the agricultural industry to incorporate IoT in different agricultural processes. The increasing demand for food is challenged by factors like climate change and other environmental impacts that result from intensive farming practices. Thus, innovators and technology providers bring in distinctive IoT solutions in order to streamline the agricultural processes, generate huge data, and perform different analytics methods to overcome these challenges.

The growth of this market is mainly driven by the extensive government initiatives in encouraging modernized farming techniques, rising population with increased demand for high-quality food products, and shrinking arable land. In addition, the advent of big data analytics in smart farming and computer vision in precision farming is expected to provide significant growth opportunities for agriculture IoT providers. However, risks associated with data security and privacy, dearth of technically skilled farmers, and lack of standardization in the smart agriculture industry can obstruct the growth of this market.

Impact of COVID-19 on the Agriculture IoT Market

The ongoing COVID-19 outbreak has affected several end-use sectors, as most operations are temporarily suspended across major manufacturing and processing hubs. Prior to the outbreak, industries were actively competitive due to Industry 4.0, which led them to adopt various technologies to a greater extent. The agri-tech sector was also flourishing with the adoption of new techniques, such as IoT and big data analytics. However, with the sudden outbreak of this pandemic, several sectors have stopped their ongoing production and projects, which has affected businesses associated with the incorporation of technology. In addition, the immediate financial impact on farmers has already resulted in a massive reduction of non-essential spending and investments.

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Due to the rapid dip in demand and unavailability of raw materials, workforce, and assets, production plans are expected to change on a much higher frequency. This would slow down the adoption of agriculture IoT solutions, as farmers are inclined to manage their business with existing technologies and resources. Furthermore, farmlands that had incorporated agriculture IoT solutions, which exist in the severely affected regions, are expected to explore a proactive deployment of automation technologies to decrease worker density throughout their operations.

Although the impact of COVID-19 has affected the majority of farmers across the globe, these businesses are eying to make a strong comeback by attracting consumers in the post-COVID-19 business environment. With the help of positive government policies, the agriculture sector is expected to make substantial investments in technological up-gradations and incorporate agriculture IoT solutions as one of the business strategies to increase crop production. The adoption of agriculture IoT in the race to satisfy increasing enhanced food quality demands is expected to trigger the need for agriculture IoT solutions, and hence the market is expected to experience a decline of (0.8%) in 2021 compared to 2020 and with a positive growth from 2022 onwards.

The global agriculture IoT market is mainly segmented on the basis of component (hardware, software, services), application (precision farming, smart greenhouse, livestock monitoring, smart irrigation, other applications), and geography. The study also evaluates industry competitors and analyses the market at a country level.

Based on component, the hardware segment commanded the largest share of the overall agriculture IoT market in 2020. The large share can be attributed to the growing demand for automating agricultural processes and increasing innovative products offered by start-ups. However, the services segment is expected to grow with the fastest CAGR during the forecast period. The growth of this segment is attributed to the growing demand for network threat modeling, configuration management, vulnerability management, and network forensic services in order to boost productivity. Various players are launching innovative products in the hardware market. The Semios platform (Semios) is developed for determining the overall crop health benefitting farmers by improving their farming practices and effectively preventing diseases or infestations that affect the yield. Apart from that, dashboards and display monitors are used by farmers for farm management to conduct analytics and accounting/reporting capabilities.

Based on application, the precision farming segment accounted for the largest share of the overall agriculture IoT market in 2020. The growth of this segment is attributed to the growing demand for high yield methods, availability of limited arable land, and development of new solutions for precision farming. Precision farming helps farmers with increased yields, the profitability of production, better working conditions, increased animal welfare, and the potential to improve various aspects of environmental stewardship. Thus, precision farming contributes to the broader goal of achieving sustainability in agricultural production. However, the smart greenhouse segment is expected to grow with the fastest CAGR during the forecast period. The fast growth rate of this segment is attributed to factors such as the scarcity of water for agriculture, government encouragement, and high yield production from greenhouses. Some regions with water scarcity tend to incorporate smart greenhouse farming for saving water as it comprises of advanced irrigation systems. The U.S., Israel, and the Netherlands smart greenhouse farming industries are the most advanced in the world while China’s growing focus on environment conservation is gradually increasing the adoption rate of this practice, supporting the application to grow with significant CAGR.

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Geographically, North America commanded the largest share of the global agriculture IoT market in 2020. The large share of this region is primarily attributed to the availability of sensor driven data, greater adoption of advanced technologies, growing sense of safety & security, growing need of energy efficient products & systems, innovation in the field of IoT devices, and the presence of major players in this region. North America is currently the most technologically advanced region and the center of smart farming, with the highest installed base of IoT devices. The rising demand for quality food and shrinking arable land are the two major factors driving the market growth in this region. Farmers in this region are heavily dependent on technology and are successfully catering to the demands of the residents with improvised food products. This implies that technology evolution is currently at a mature stage. As the technology adoption rate is high in this region, farmers tend to invest in upgraded versions and newer technologies that could be easily integrated with the existing ones and thus ensure enhanced agricultural output.

However, Asia Pacific is offering some serious challenges to the dominance of North America in the global agriculture IoT market. The growth in this market is driven by the growing demands for adopting digital solutions in product development processes to reduce downtime; rising potential of users to invest in digital solutions to survive in competitive markets; and increase in the average spending across countries, such as South Korea, India, Japan, and China. Moreover, countries with emerging economic conditions like Bhutan and Thailand have also already adopted smart solutions in their agricultural processes, which is transforming their business with increased profitability. The increasing number of government initiatives for transforming the agricultural practice into smart farming and growing number of start-ups are some of the factors expected to drive the market growth of this region.

The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years. The global agriculture IoT market is consolidated and dominated by few major players, namely Deere and Company (U.S.), Trimble Inc. (U.S.), AGCO Corporation (U.S.), Raven Industries (U.S.), Delaval (Sweden), GEA Group (Germany), AgJunction (U.S.), Antelliq (France), Ponsse (Finland), Komatsu Forest (Sweden), Farmer’s Edge Inc. (U.S.), The Climate Corporation (U.S.), DICKEY-john (U.S.), and CropMetrics LLC (U.S.) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/agriculture-iot-market-5080

Scope of the Report:
Agriculture IoT Market, by Component

  • Hardware
    • Automation and Control Systems
      • Irrigation controllers
      • Flow and Application Control Devices
      • Variable Rate controllers
    • Sensing and Monitoring Devices
      • Soil Sensors
      • Water Sensors
      • Climate Sensors
      • Sensors for livestock
    • Guidance and Navigation
    • Drones
    • Handheld computers
    • Displays
    • Harvesters & Forwarders
    • RFID tags and readers
    • LED Grow Lights
  • Software
    • On-Premise
    • Cloud based
  • Services
    • Professional Services
    • Managed Services 

Agriculture IoT Market, by Application

  • Precision Farming
    • Yield Monitoring
    • Field Mapping
    • Crop Scouting
    • Weather Tracking & Forecasting
    • Variable Rate Technology
    • Inventory Management
    • Financial Management
    • Others (precision forestry)
  • Smart Greenhouse
    • Ambient Environmental Monitoring
    • Yield Monitoring
    • Water & Nutrient Management
  • Livestock Monitoring
    • Feeding Management
    • Breeding Management
    • Behavior Monitoring and Management
    • Others
  • Smart Irrigation

Agriculture IoT Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Amidst this crisis, Meticulous Research® is continuously assessing the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research 

Related Reports:

Agriculture Analytics Market by Component (Solutions, Services), Application (Farm, Livestock, Aquaculture, and Others), Deployment (Cloud, On-premise), Farm Size (Small and Medium-sized Farms, Large Farms), and Region – Forecast to 2027

https://www.meticulousresearch.com/product/agriculture-analytics-market-5132

Digital Transformation Market by Technology (IoT, Cloud Computing, Big Data Analytics, Artificial Intelligence, Cybersecurity), End-use Industry (Retail, Government and Public Sector, Healthcare, Supply Chain and Logistics, Utilities) Industry Size (Small and Medium, Large Enterprises), and Process- Global Forecast to 2025

https://www.meticulousresearch.com/product/digital-transformation-market-4980/

Precision Farming Software Market by Delivery Model (Local/Web, Cloud, SaaS, PaaS), Application (Yield Mapping, Crop Scouting, Irrigation Management, Inventory Management, Financial Management), Services Provider, by End-User (Agriculture, Horticulture, Floriculture, Animal Husbandry), and Geography – Global Forecast to 2025

https://www.meticulousresearch.com/product/precision-farming-software-market-4993

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Research®
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Email- [email protected]
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Artificial Intelligence

Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

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SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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HOYA Group Company, PENTAX of America, Inc. and MAGENTIQ EYE Ltd. Announce their Intention to Form a Distribution Partnership for the U.S Market

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WASHINGTON D.C., May 17, 2024 /PRNewswire/ — HOYA Group Company, PENTAX of America, Inc. (PENTAX Medical) and MAGENTIQ-EYE Ltd., an AI medical device company, announced today their intention to form a partnership in the field of AI in Gastroenterology and to examine further collaboration and strategic partnerships.

Pending field trials and customer demonstrations to be conducted over the next several months, the companies expect to formalize an agreement as a first step in this partnership, by which PENTAX Medical will distribute the MAGENTIQ-COLO™ AI-assisted lesion detection device in the U.S.A. beginning October 1st, 2024. The system will be demonstrated at the upcoming Digestive Disease Week (DDW) in Washington D.C., U.S.A.
MAGENTIQ-COLO™ is a cutting-edge system for the detection of gastrointestinal lesions in colonoscopies. Successfully validated in an international multicenter, randomized, controlled trial (RCT) with 950 enrolled patients at 10 hospitals in Europe, United States and Israel, its outstanding diagnostic capabilities are setting new standards in endoscopic AI.
“We are excited to bring the MAGENTIQ-COLO™ device to the GI community in the U.S. Together with PENTAX Medical’s product portfolio, we are confident to provide a smart solution in colonoscopy and contribute further to colorectal cancer prevention”, says David Harrison, President PENTAX of America, Inc.
“Partnering with PENTAX Medical is an important milestone for us, as it opens new opportunities to introduce our game changing product to the U.S. market, benefiting doctors and their patients and saving more lives”, says Dror Zur, Founder & CEO of MAGENTIQ-EYE.
About MAGENTIQ-EYE Ltd.Founded in 2014, MAGENTIQ-EYE offers a groundbreaking AI-aided colonoscopy solution that offers one of the best performances known today. With worldwide recognition from the gastroenterology community, and dozens of procedures performed every day with the assistance of MAGENTIQ-COLO™, we are setting the new standard of colonoscopy, and saving more and more lives. www.magentiq.com 
About PENTAX Medical
PENTAX Medical is a division of HOYA Group. The company’s mission is to improve the standard of patient care and quality of healthcare delivery by providing the best endoscopic products and services with a focus on QUALITY, CLINICALLY RELEVANT INNOVATION, and SIMPLICITY. PENTAX Medical strives to align with the healthcare community’s Triple Aim goals through transparent partnerships with its customers and by providing the highest quality solutions to help them reach their goals, including enabling customers to improve patient outcomes by offering evidence-based solutions across the continuum of care; ensuring value by supporting the customers to improve their efficiency and minimize their healthcare costs; and enriching patient and provider’s experience by empowering every member of the care team to achieve optimal outcomes through products, education, and support. Focused on the outcome instead of technological features, PENTAX Medical listens to the healthcare community and their patients, understands their daily obstacles and helps improve endoscopy with smart innovations.
For more information: https://www.pentaxmedical.com
About HOYA
Founded in 1941 in Tokyo, Japan, HOYA Corporation is a global technology and med-tech company and a leading supplier of innovative high-tech and medical products. HOYA is active in the fields of lifecare and information technology, providing eyeglasses, medical endoscopes, intraocular lenses, optical lenses, as well as key components for semiconductor devices, LCD panels, and hard disk drives. With over 150 offices and subsidiaries worldwide, HOYA currently employs a multinational workforce of 36,000 people. For more information, please visit: https://www.hoya.com/en/

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Pearson augments nursing content with generative AI study tools to improve nursing education and address shortages

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HOBOKEN, N.J., May 17, 2024 /PRNewswire/ — Pearson (FTSE: PSON.L), the world’s leading learning company, today announced the integration of AI study tools into its Nursing: A Concept-Based Approach to Learning series, the only nursing concepts curriculum built from the ground up as a comprehensive, cohesive learning system.

Pearson’s AI study tools combine the power of generative AI technology with trusted Pearson content to provide scaffolded, guided help when students are stuck on homework problems, and personalized explanations, summaries, and practice problems for more efficient studying.
“Integrating AI study tools into our concept-based nursing series enhances the learning experience, giving nursing students and nurse educators the resources they need to efficiently study and master course concepts,” said Anne Fahlgren, GM of Pearson’s professional portfolio. “This technology will help more nursing candidates prepare for and enter the workforce, while also giving nurse educators the means to scale their teaching further, addressing major challenges in nursing education and society.”
The AI study tools beta will be available both in Pearson+ eTextbook and the accompanying MyLab Nursing course in time for Fall 2024. MyLab is an interactive teaching and learning platform, backed by content from Pearson authors. The platform, with integrated eTextbook, allows instructors to design their course, assign homework and assessments, and monitor student progress in real time.
The US is experiencing shortages of nurses and nurse educators. The National Academy of Medicine’s 2021 report on The Future of Nursing: 2020-2030 notes that, in order to provide sufficient care for an aging population over the next decade, a substantial increase in the nursing workforce will be needed that can practice “in community-based settings with diverse populations that face a variety of lived experiences.” The NAM’s report also references hundreds of nursing faculty position vacancies that have contributed to tens of thousands of qualified applicants being turned away from nursing school admission due to the inability to adequately meet student demand.
Concept-based nursing curriculum is designed to focus on key concepts emphasizing a holistic understanding of nursing principles that can be applied across different patient populations, healthcare settings, and situations. This approach strengthens clinical reasoning skills in the course of patient care. Incorporating generative AI tools into Pearson’s concept-based nursing content supports nurse educators in scaling their teaching and students’ ability to study more efficiently.
Dr. Michelle Aebersold, University of Michigan School of Nursing Clinical Professor and contributor to Nursing: A Concept-Based Approach to Learning, said “Technological advancements like generative AI are transforming the nursing profession. The ability to adapt in a rapidly changing environment is a critical healthcare skill, whether it’s in the course of patient care or in preparing our future nurses for the workforce. The ability of the AI study tools to provide a more user-centered, customized experience is a huge benefit for our students. I’m glad they will have access to Pearson’s AI tools that accommodate the variety of ways students learn and provide personalized support in the moment students need it most. This is the future of individualized learning.”
A Fall 2023 survey of students using Pearson’s AI study tools beta showed strong levels of engagement, with 75% of respondents saying the tools were helpful or very helpful to their studies.
The inclusion of generative AI study tools further solidifies Pearson’s dedication to providing the most comprehensive and effective learning and teaching resources for nursing students and nurse educators across the US. Pearson’s AI study tools are already available in more than 30 Pearson Mastering titles and are set to be integrated into more than 40 Pearson+ eTextbooks and MyLab and Mastering titles across math, science, business, and nursing for August of 2024.
Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce.
Pearson product experts are available to demo the AI study tools for members of the media. Please request demonstrations with the media contact below.
About Pearson
At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com.
Media [email protected]
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