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Growing smart irrigation market driven by IoT devices

July 16, 2019 / futurefarming

The smart irrigation market was valued at USD 0.83 billion in 2018 and is expected to reach USD 1.76 billion by 2023, at a CAGR of 16.30%, according to research company MarketsandMarkets.Major factors contributing to the growth of the smart irrigation market include initiatives undertaken by various governments to promote water conservation, increasing adoption of smart irrigation controllers, and growing emphasis on increasing farm productivity and profits using smart irrigation solutions.However, the implementation of smart irrigation technologies in fragmented land and the lack of awareness related to smart irrigation among farmers restrain the smart irrigation market growth, say the researchers.