Report: U.S. Agricultural IoT Market Could Be $4 Billion, 250K Farmers Using IoT Today – Telecompetitor
Control of livestock and cereal crops are the main drivers behind the increasing use of the Internet of Things (IoT) by farmers in the United States, according to an agricultural IoT market study from market research firm Alpha Brown. Researchers estimate the number of U.S.farmers using the IoT at 250,000,
The IoT provides potent tools for farmers, including smart sensors (measuring light, temperature, soil moisture, rainfall, humidity, wind speed, pest infestation, soil content or nutrients, location, etc.), applications and systems that save time, money and energy, the study said.
“Our research indicates that the market has much room for growth and that is certainly encouraging,” said Gil Rabinovich, the CEO of Alpha Brown, in a press release.
Agricultural IoT Market The IoT ability to constantly assess large areas and provide other services that free up workers makes it a good fit for what farmers do. It also is useful for smaller tasks, such as those carried out in dairy, vegetable and fruit farming and in greenhouses. Alpha Brown says that its survey of more than 1,600 farmers points to a potential market of 1.1 million farms and a market size of $4 billion. More than half of U.S. farmers are interested in buying agricultural IoT solutions, according to the researchers. Read more…