M2M/IoT applications reach 37.1 million connected devices by 2027

IoT Applications in the Agricultural Industry analyses the latest developments on the global smart farming market covering precision farming, agricultural drones, in-field monitoring, herd management and farm management software, according Research and Markets.

The report forecasts that the number of installed wireless devices for applications in agricultural production is forecasted to grow at a CAGR of 8.1 percent from 25.2 million connections at the end of 2022 to 37.1 million connected devices by 2027. Cellular connections amounted to 1.8 million at the end of 2022 and is expected to grow at a CAGR of 17.7 percent to reach 4.0 million in 2027.

The main application areas for cellular communications comprise telematics and in-field sensor systems. LPWA technologies are expected to achieve the highest growth rate and realise a significant market position in the remote monitoring and control segment. 802.15.4-based standards comprise the most employed wireless technology due to its wide adoption in dairy cow monitoring applications. Research and Markets