Agricultural technology is an ever-important branch of development across technologies. AgriTech is a significant part of various initiatives in Europe and around the globe. AgriTech engages solutions within multiple technology departments, including AI, machine learning and the IoT.
The numbers show that IoT’s significance is constantly growing, reaching $544.38 billion in 2022, and experts suggest that it can expect a further surge in growth to $2,227.00 billion by 2028 at an annual growth rate of 12.57%. Current trends show that the IoT market size in agriculture can grow from $11.4 billion in 2021 to $18.1 billion by 2026.
