The Internet of things is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data .
There are many ways to refer to modern agriculture. For example, AgriTech refers to the general application of technology to agriculture.
Smart agriculture, on the other hand, is mostly used to denote the application of IoT solutions in agriculture. Although smart agriculture IoT, as well as industrial IoT, aren’t as popular as consumer connected devices, the market is still very dynamic. The adoption of IoT solutions for agriculture is constantly growing. Namely, bl Intelligence predicts that the number of agriculture IoT device installations will hit 75 million by 2020, growing 20% annually. At the same time, the global smart agriculture market size is expected to triple by 2025, reaching $15.3 billion (compared to being slightly over $5 billion back in 2016).
Because the market is still developing, there are still ample opportunities for businesses willing to join in. Building IoT products for agriculture within the coming years can set you apart as an early adopter and, as such, help you pave the way to success.
Smart Farming Filed.