Worldwide, precision agricultural practices are gaining groundswell of attention for reduce wastage, prune operational costs, and eventually boost yield. Real-time monitoring for resources using internet of things (IoT) presents a vast avenue. The drive for smart irrigation market stems from the growing demand for smart technologies for controlling water resources. Water is one of the essential resources that need to optimized to boost the quantity and quality of harvest.
An array of remote sensing technologies and data-collection and analytics platforms have empowered farmers and agriculturists to detect leaks and pilferage and faults in pipelines, all of which put a burden on water resources. This has been a compelling proposition for marketers, as the paucity of sweet water resources was getting starker with the rise in population since the start of century. The trend of automation of agriculture system gained traction on the back of the pressing need to optimize the usage of water in irrigation systems.
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IoT-based Smart Water Management Platforms to Attract Massive R&D Investments
Technology companies in smart irrigation market are leveraging large-scale deployment of IoT devices. In particular, tech companies are keen on developing the framework of sensor-based smart irrigation systems by utilizing machine learning techniques. This has opened a new avenue for players in the smart irrigation market. The demand for IoT platforms for smart management of freshwater resources is expanding the avenue for players. Thus far there are not many large-scale pilot projects for developing and testing IoT-based smart water management platform. In developed regions, such studies are expected to gather traction.
A prominent case in point is SWAMP project in Europe and Brazil. This is extending the horizon for IoT-based precision irrigation for agriculture, and will propel the growth prospects of the Europe smart irrigation market. The sales are expected to contribute 25% of the total revenues of the global market by the end of 2026, notes a study by TMR analysts. In coming years, the focus on system reliability for such IoT-based smart irrigation will open up lucrative avenues.