Till now IoT has found applications in numerous industries and agriculture industry is not an exception. Till the end of 2018, the revenue associated with horticulture was USD 1.8 billion internationally and it is still increasing. It is supposed to reach USD 4.3 billion by 2023 with a compound annual growth rate of 19.3%.
Various IoT-enabled machines help in making agribusiness grow fast. It is estimated that the worldwide population is going to hit 9.6 billion by 2050. To take care of this gigantic populace, the agribusiness business is yet limited. Various hurdles in agriculture like weather change and ecological effects can be overcome using IoT. In the late twentieth century, throughout the world the mechanical advancements, for example, tractors and reapers, occurred and were brought into the farming activities. Furthermore, the farming industry depends intensely on inventive thoughts in view of the consistent development.
The industrial IoT has a central purpose of saving costs. In the future, the usage of IoT will increase in the farming tasks. All things considered, few reports tell that the IoT will see a compound yearly improvement with a pace of 20% in agriculture business. Furthermore, the number of related devices (green) will increase from 13 million in 2014 to 225 million by 2024. On account of unavailability of a good communication systems, an IoT provider faces difficulties in remote areas. In such cases, numerous framework providers are making it possible by introducing satellite accessibility and expending cell frameworks (Figure 11.2).
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