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Connected Agriculture Market Size to Grow USD 3533.2 Million by 2030 at a CAGR of 10.9% | Valuates Reports

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BANGALORE, India, Aug. 5, 2024 /PRNewswire/ — Connected Agriculture Market is Segmented by Type (Smart Water Management, Network Management), by Application (Farm Planning & Management, Agricultural Finance): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Connected Agriculture Market was valued at USD 1694.3 Million in 2023 and is anticipated to reach USD 3533.2 Million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Connected Agriculture Market:

The Internet of Things (IoT) is driving considerable development in the connected agriculture market by providing farmers with real-time data and analytics to optimize crop yields and resource management. The market is expanding due to the growing use of precision farming techniques, which is being aided by government efforts and subsidies in different areas. Due to their advanced agricultural regulations and technical infrastructure, North America and Europe now dominate the market. However, Asia-Pacific has the potential for significant development due to its vast agricultural base and growing investments in smart farming solutions. Growing worries about food security and sustainability are also driving this market’s growth, driving up demand for effective and cutting-edge agricultural techniques.

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TRENDS INFLUENCING THE GROWTH OF THE CONNECTED AGRICULTURE MARKET:

By maximizing water consumption and increasing crop output, smart water management plays a critical role in propelling the growth of the connected agriculture market. Farmers may track weather patterns, water demand, and soil moisture levels in real time by utilizing IoT sensors and data analytics. Higher production and profitability result from this careful management, which also minimizes water waste, enhances crop health, and guarantees effective watering. In addition to promoting sustainable agricultural methods, the use of smart water management systems helps allay rising worries about water scarcity and environmental effects. The need for connected agricultural solutions is anticipated to increase as more farmers become aware of the advantages of these technologies, driving market expansion.

The development of the connected agriculture market depends on efficient network management since it makes sure that the many IoT systems and devices used in farming are seamlessly connected and communicate with one another. Real-time data collection, transmission, and analysis of information from sensors, drones, and other devices are possible with dependable network infrastructure. Farmers are able to increase overall farm management efficiency, automate procedures, and make well-informed decisions thanks to this connectivity. Robust network administration also facilitates remote control and monitoring, which lowers the requirement for staff expenses and physical intervention. The agriculture industry is becoming more and more dependent on connected technology, which makes effective network administration crucial and propels market growth.

Because it gives farmers the money they need to invest in cutting-edge technologies, agricultural financing is a major factor in the connected agriculture market’s growth. It is possible for farmers to use IoT devices, data analytics tools, and automated systems that increase production and profitability by using financial solutions including loans, subsidies, and insurance products. Small and medium-sized farms can also overcome the first financial obstacles to deploying connected agricultural solutions by having access to financial resources. Governments and financial institutions will probably extend their support for linked agriculture as they see its potential to enhance sustainability and food security, which will accelerate market expansion.

The expansion of the connected agricultural sector is mostly driven by government policies and initiatives. Globally, a growing number of countries are realizing how critical it is to modernize agriculture in order to maintain sustainability and food security. They are encouraging the use of linked technology in farming by putting rules into place and offering grants, subsidies, and other rewards. These programs include pilot project financing, research and development money, and the creation of regulatory frameworks that ease the application of IoT and data analytics in agriculture. More farmers are probably going to use linked agricultural solutions as long as government backing keeps increasing, which will propel market development.

Increased agricultural efficiency and productivity are important drivers of the linked agriculture market’s expansion. Farmers may boost operational efficiency by automating processes like pest management, fertilization, and irrigation with the help of connected technology. Insights into crop health, soil conditions, and weather patterns are provided by real-time data and analytics, enabling farmers to make data-driven decisions that maximize yields. Remote farm monitoring and management also lowers labor expenses and lowers the possibility of human mistake. It is anticipated that more farmers will use connected agricultural solutions as they look for methods to increase profitability and production, which will fuel market expansion.

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CONNECTED AGRICULTURE MARKET SHARE ANALYSIS

Driven by a high level of investment in agricultural technology and an established technical infrastructure, North America represents a large market for linked agriculture. The development and use of IoT, AI, and big data solutions in agriculture is facilitated by the existence of significant technology businesses as well as creative startups in the United States and Canada.

The modernization of farming operations through government efforts and subsidies also contributes to market expansion. Large-scale farms and agribusinesses in the area are leading the way in the adoption of connected agricultural technology, with an emphasis on automated machinery, effective water management, and precision farming. The adoption of connected agricultural solutions in North America is being further propelled by the growing focus on sustainable farming and food safety.

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Key Companies:

Geographic Revenue MixCisco SystemsIBMParametric Technology CorporationMicrosoftVodafone Group PlcAccenture PlcAT&TLink Labs LLCSAPSAP SETrimble Navigation Ltd.

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Technology

Pixelworks Empowers iQOO Z9 Turbo L Smartphone to Deliver a Flagship Visual Display Experience

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Expanded Frame Rate Capability and Enriched Visual Effect Options Offer Compelling yet Affordable Visual Quality Upgrades

SHANGHAI, Dec. 26, 2024 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of visual processing solutions, announced that the newly released iQOO Z9 Turbo L smartphone is equipped with Pixelworks’ X5 Turbo visual processor. The integration solution provides targeted frame rate optimization for multiple popular mobile games, extending the play time for high-frame-rate gaming while utilizing lower power. Additionally, the solution enables multiple gaming filter modes for display enhancement, further enriching the visual experience for players. The smartphone also supports high-frame-rate modes for several video apps, which elevate the immersive video experience for consumers.

Powered by the Snapdragon® 8s Gen 3 mobile platform from Qualcomm Technologies, Inc., the iQOO Z9 Turbo L features a 6,400mAh ultra-thin BlueCell battery with support for 80W fast charging. In terms of display, the device sports a 6.78-inch 1.5K OLED screen with a refresh rate of up to 144Hz. With the adoption of Pixelworks’ X5 Turbo visual processor featuring distributed rendering architecture, the smartphone is able to better allocate processing resources to deliver extended play time of high-frame-rate games, enriched picture quality of low-frame-rate games and a more immersive video experience.

Specific to the gaming experience, the smartphone supports both frame rate improvement and power-saving modes. For games with high native frame rate, the Pixelworks X5 Turbo visual processor reduces unnecessary power consumption by offloading intensive rendering from the GPU, contributing to extended play time while maintaining optimal visual quality. For games with a lower native frame rate, the X5 Turbo dynamically boosts displayed frame rate of games to match the higher refresh rate capabilities of the smartphone’s display, enabling a smoother and more immersive experience at low power. Further enriching the visual enjoyment for mobile gaming , Pixelworks’ solution enables the smartphone with a variety of gaming filter modes, including a set of seven general purpose filter modes—customized, low-light enhancement, snow blindness prevention, old retro, vivid, soft and bright —as well as dedicated filter modes tailored to match the original artistic style for specific mobile games. Users can select filters based on visual preference to maximize the immersiveness of their gaming experience.

With respect to video experience, the smartphone leverages the Pixelworks visual processor’s content-adaptive motion processing to effectively reduce motion judder caused by the mismatch between contents’ native frame rate and the refresh rate of the display. This ensures that even low-frame-rate video content is delivered with excellent and stable visual quality on high refresh rate displays. Currently, this feature supports video frame rate interpolation from 24fps/25fps/30fps up to 60fps, and is compatible with several popular video apps, including iQIYI, Tencent Video, Youku, and Bilibili.

“As a device with flagship performance targeting the mid-range market, the iQOO Z9 Turbo L consistently strives for excellence in both product strength and user experience,” said Yaojing Yang, Senior Director of Gaming Experience Planning Center, iQOO. “We are pleased to continue our collaboration with Pixelworks in enhancing the visual performance and user experience. By integrating the Pixelworks X5 Turbo visual processor with a distributed rendering architecture, the smartphone is able to fully utilize its rendering capability to deliver smoother and more immersive gaming and video experiences. We look forward to extending this high-quality visual experience to a broader range of applications in the future, allowing more consumers to enjoy high-value and performance products that are competitively priced.”

“Congratulations on the launch of the iQOO Z9 Turbo L smartphone! Earlier this year, we collaborated with iQOO on the iQOO Z9 Turbo, and we were impressed by iQOO’s high standards of product quality and emphasis on delivering superior user experiences. The popularity of that model has validated iQOO’s unique market insight,” said Ting Xiong, co-GM and President of Sales and Marketing of Pixelworks China. “It’s an honor to power the iQOO Z9 Turbo L with our content-oriented visual optimization solutions that enable a flagship-level gaming and video experience at an affordable price. We look forward to deepening our collaboration across future products and technology to bring consumers even more groundbreaking visual experiences.” 

About vivo
vivo is a technology company that creates great products based on a design-driven value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life. Following the company’s core values, which include Benfen*, user-orientation, design-driven value, continuous learning and team spirit, vivo has implemented a sustainable development strategy with the vision of developing into a healthier, more sustainable world-class corporation.

While bringing together and developing the best local talents to deliver excellence, vivo is supported by a network of R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Xi’an and more cities, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, imaging system and other up-and-coming technologies. vivo has also set up an intelligent manufacturing network (including those authorized by vivo), with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 60 countries and regions, and is loved by more than 500 million users worldwide.

*”Benfen” is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to create value for society.

Stay informed of latest vivo news at https://www.vivo.com/en/about-vivo/news

About Pixelworks
Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20 years of history delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services.

For more information, please visit the company’s web site at www.pixelworks.com.

Note: Pixelworks and the Pixelworks logo are trademarks of Pixelworks, Inc. Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.

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BingX Introduces ALTCOIN Index Futures Trading: One Click, Countless Trends

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VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.

Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.

In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.

Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”

BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.

About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

 

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Lyric’s first solid-state battery front-end equipment is shipped to customer in United States

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BEIJING, Dec. 26, 2024 /PRNewswire/ — Recently, Lyric’s first solid-state battery front-end equipment has been shipped to a customer in the United States. Relying on its deep accumulation in the field of solid-state battery technology, Lyric has achieved strategic development on the global stage.

As of now, Lyric’s Z-shape stacking machine has reached the forefront of the industry, achieving an efficient stacking speed of 0.1s/pcs and ultra-high precision alignment of ≤ ± 0.3mm, setting an industry benchmark. At the same time, with the innovative design, the double planetary mixer realizes the efficient mixing of various viscosity materials, showing extraordinary flexibility, and significantly enhances the safety and efficiency of the production process through the iterative upgrade of automation technology, and provides customized services to accurately meet customer needs.

Looking to the future, Lyric will continue to expand its global footprint, based on the deep accumulation in the field of solid-state batteries since 2020, and its patented technology of dry electrode and stacking process and self-developed equipment advantages, Lyric not only demonstrates excellent capabilities in the manufacture of solid-state battery production equipment, but also provides a full range of solutions. Covers customized delivery from a single station to the entire production line. In terms of international cooperation, Lyric is actively seeking cooperation opportunities with more overseas enterprises, aiming to promote China’s solid-state battery equipment technology and solutions to the global market, further enhance its influence and competitiveness in the global renewable energy industry chain, and jointly explore unlimited possibilities in the field of renewable energy.

 

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