IoT Soil Condition Monitoring Market Growing Trends and Demands Analysis Forecast 2023 to 2030 | Manx Technology Group, Sensoil Innovations Ltd., Sigfox, Soil Scout

PRESS RELEASE
Published October 4, 2023

The IoT Soil Condition Monitoring Market is expected to be valued USD 551 million in 2023 and USD 1,088 million by 2030, growing at a 14.6% CAGR. Government and corporate efforts to promote sustainable agriculture practices, the pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability, and the growing need to improve farm productivity to feed the world’s growing population are some of the driving factors for the soil monitoring market.

A vital part of contemporary agricultural and environmental management, the IoT Soil Condition Monitoring Market is already well-established. The industry has seen a spike in the formation of specialised businesses delivering IoT-based solutions due to the growing requirement for sustainable agricultural methods and optimal resource utilisation. These businesses provide a variety of sensor-equipped equipment that can continuously monitor important soil properties for farmers, land managers, and environmentalists. In order to provide integrated systems that enable accurate irrigation control, fertiliser application, and overall soil health improvement, technology companies and agricultural organisations have collaborated.

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The Key companies profiled in the IoT Soil Condition Monitoring Market:

The study examines the IoT Soil Condition Monitoring Market’s competitive landscape and includes data on Manx Technology Group, Sensoil Innovations Ltd., Sigfox, Soil Scout, Stevens Water Monitoring Systems Inc., Agriculture Victoria, Milesight & Others.

Global IoT Soil Condition Monitoring Market Split by Product Type and Applications

This report segments the IoT Soil Condition Monitoring Market on the basis of Types:
Hardware
Software

On the basis of Application, the IoT Soil Condition Monitoring Market is segmented into:
Agriculture
Research
Water Resource management
Others

Recent breakthroughs in sensor technology and data analytics may be seen in the IoT Soil Condition Monitoring Market. Since they are now more available and inexpensive, wirelessly connected, miniature, low-power sensors are being widely used in the agriculture and land management industries. Additionally, these systems now offer predictive analytics thanks to the integration of AI and machine learning algorithms, assisting farmers in making data-driven decisions regarding planting, crop management, and soil improvement.

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In terms of adoption of IoT soil condition monitoring, North America and Europe have been in the forefront. The focus on precision agriculture in North America has fueled industry expansion by maximising yields while minimising environmental effect. In contrast, strict environmental rules and government backing for sustainable agricultural methods have encouraged acceptance in Europe. The advantages of IoT soil monitoring are becoming more widely known in emerging nations throughout Asia-Pacific and Latin America, and market development is imminent as agriculture modernization initiatives pick up steam.

Cumulative Impact of COVID-19 on Market:
A few countries’ economies and territories have suffered as a result of the COVID-19 episode’s lockdowns, travel economic sanctions, and friend dismissals. Due to the pandemic, the global market is one of the primary organizations experiencing significant disruptions such as production network disruptions, innovation event abrogations, and work climate terminations. With its presence and substantial unprocessed material suppliers, China is a global contemporary major economic power.

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Major Points from Table of Contents:

1 IoT Soil Condition Monitoring Market Overview
2 Company Profiles
3 IoT Soil Condition Monitoring Market Competition, by Players
4 IoT Soil Condition Monitoring Market Size Segment by Type
5 IoT Soil Condition Monitoring Market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix…

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