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 1600+ customers across pest control, crop monitoring, smart irrigation, bee colonies analysis, and other uses cases, which form over 7% of our customer base. Furthermore, we can track the rapid growth of IoT adoption in agriculture devices within the Germany, Denmark, Malaysia, Switzerland, Slovenia, Greece, Austria, Netherlands, Italy, Spain, and other markets.