Posted on October, 14, 2021 at 08:29 am
The global Precision Agriculture market is on an upward growth curve and from 2021 to 2028, the trajectory charted would be notable owing to a robust CAGR (Compound Annual Growth Rate). Additionally, it is worth noting here that a number of growth factors would create a plethora of growth avenues over the period. Market worth would also see an increase.
The growth is attributed to the increasing proliferation of the Internet of Things (IoT) and the use of advanced analytics by farmers. Advanced analytics is a part of data science that uses numerous tools and methods to forecast data and ensure that the crop and soil receive adequate nurturing. This helps farmers to plan their actions accordingly. Factors facilitating the adoption of sustainable precision farming technologies include better education and training to farmers, easily accessible information, availability of financial resources, and high demand for organic food.