The global population is going to reach 9.6 billion people by the year 2050, which obviously presents a significant challenge to the agriculture sector. With the growth of population, the number of agricultural equipment is also increasing, with its worldwide market estimated to reach a total of 206.29 billion dollars by 2026 according to Statista. In the face of unpredictable weather patterns, shifting climate, and concerns over environmental sustainability, IoT is proving to be a transformative force addressing and mitigating these challenges.
1NCE sees a huge potential and high relevance of IoT to the Agriculture sector. Today we support 1200+ customers across pest control, crop monitoring, smart irrigation, bee colonies analysis, and other uses cases, which form over 8% of our customer base. Furthermore, we can track the rapid growth of IoT adoption in agriculture devices within the US, UK, Chile, Germany, Denmark, Malaysia, Japan and South Korea.