India’s smart agriculture market is poised for remarkable growth, projected to achieve a compound annual growth rate (CAGR) of 13.38 per cent and is expected to garner a revenue of $886.21 million by 2028, according to insights from Inkwood Research. This trajectory is fuelled by several factors including the widespread adoption of the Internet of Things (IoT) technologies, advancements in analytics and supportive government initiatives. The segmentation of this market highlights various components and types, such as smart greenhouse systems, precision farming techniques, livestock monitoring solutions, and precision aquaculture methods.
Innovative technological solutions
One of the pivotal contributions of data-driven technologies to agriculture lies in the integration of AI-based sensors and IoT devices with farm machinery. This integration facilitates real-time monitoring and decision-making, empowering farmers with actionable insights to optimise crop yields and resource management. Arya.ag's partnership with Crystal Crop Protection Limited exemplifies this approach, aiming to equip farmers across key Indian states with data-driven strategies for sustainable farming practices and enhanced yields.
Furthermore, collaborations like the one between Zuari FarmHub and CropX Technologies underscore the industry's commitment to revolutionising farming practices through real-time monitoring and digital agronomic solutions. These initiatives not only enhance productivity but also underscore a broader commitment to sustainability in agriculture.
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