Connect with us

Technology

Smart Irrigation Market is expected to generate a revenue of USD 3.48 Billion by 2031, Globally, at 14.74% CAGR: Verified Market Research®

Published

3 months ago

on

Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Smart Irrigation Market Size and Forecast,” This report offers a deep dive into the growing Smart Irrigation Market, highlighting key trends, growth drivers, and opportunities that are set to redefine the landscape of agriculture and water management.

LEWES, Del., Oct. 7, 2024 /PRNewswire/ — The Global Smart Irrigation Market Size is projected to grow at a CAGR of 14.74% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.16 Billion in 2024 and is expected to reach USD 3.48 Billion by the end of the forecast period.

As the demand for food production intensifies alongside water scarcity concerns, smart irrigation solutions have emerged as a game-changer for both large-scale commercial farms and small agricultural operations. Our comprehensive report reveals how innovations in IoT, sensors, weather-based controllers, and drip irrigation systems are enhancing water-use efficiency and reducing operational costs. The insights will provide industry leaders with a competitive edge, enabling them to adopt smart solutions that align with sustainability goals and maximize crop yield.

Key Insights of the Report Include:

Market Size & Growth Forecast: Gain insight into the Smart Irrigation Market, projected to experience substantial growth from 2024 to 2031, driven by advances in automation and climate change adaptation efforts.Technological Innovations: Explore the impact of cutting-edge technologies, such as AI-driven irrigation systems, remote sensing, and data analytics, transforming the way water is managed in agriculture.Market Segmentation: Detailed analysis of Component, Application, System, and geographic regions, helping identify the most lucrative investment opportunities across North America, Europe, Asia-Pacific, and more.Competitive Landscape: In-depth profiling of leading players in the Smart Irrigation space, including emerging startups and established companies, empowering businesses to benchmark their strategies and stay ahead of the curve.

Why This Report Matters for Industry leaders:

This report is designed for C-level executives, strategy planners, and key decision-makers in agriculture, water management, and smart farming sectors. Whether you are a manufacturer, technology provider, or investor, this report will equip you with actionable insights to capitalize on the rapidly growing demand for intelligent irrigation systems.

Stay ahead of the curve in the ever-evolving Smart Irrigation Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=5145

Browse in-depth TOC on “Global Smart Irrigation Market Size“

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

GROWTH RATE

CAGR of ~14.74% from 2024 to 2031

BASE YEAR FOR VALUATION

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value in USD Billion

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

ComponentApplicationSystem

REGIONS COVERED

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

 

KEY PLAYERS

The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Rain Machine, ET Water, Galcon, Weathermatic, Skydop, Blossom, Delta-T

CUSTOMIZATION

Report customization along with purchase available upon request

Global Smart Irrigation Market Overview

Growing Demand from the Chemical Industry: The Smart Irrigation Market is experiencing substantial growth due to its widespread use in the chemical industry for the production of solvents, polymers, and pharmaceuticals. As industries increasingly rely on acetone for the manufacture of polycarbonates and epoxy resins, demand is expected to rise. This development presents substantial opportunities for manufacturers, chemical processors, and distributors seeking to enhance their market presence and maximize revenue streams.

Expanding Applications in Personal Care and Cosmetics: The rising consumer demand for personal care and cosmetic products is propelling the expansion of the Smart Irrigation Market. The importance of acetone as a key ingredient in nail polish removers, cosmetics formulations, and cleaning agents underscores its relevance in this rapidly growing sector. Personal care companies can leverage this trend by integrating acetone into their formulations, so improving their competitiveness and entering new, lucrative markets.

Rising Investments in Sustainable Acetone Production: As environmental regulations become more stringent, there is a growing shift towards sustainable acetone production methods. This trend is positively impacting the Smart Irrigation Market, as companies are investing in sustainable technology to mitigate carbon emissions. Employing sustainable manufacturing processes enables industry executives to adhere to regulatory standards, appeal to environmentally conscious consumers, and identify new avenues for market expansion.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=5145

High Initial Investment Costs: The initial expenses of smart irrigation systems might provide a considerable obstacle, especially for small and medium-sized farms, despite potential long-term savings. This constrains the growth potential of the Smart Irrigation Market, particularly in emerging economies with limited financial resources. Market participants must prioritize economical solutions and adaptable price structures to address this difficulty and enhance uptake.

Lack of Technical Expertise: The implementation of smart irrigation systems frequently necessitates a significant learning curve, particularly in rural and disadvantaged areas where technical proficiency is scarce. The absence of knowledge can impede the expansion of the Smart Irrigation Market. Organizations offering intuitive, readily implementable solutions accompanied by accessible training materials will possess a competitive edge in closing this gap.

Data Privacy & Security Concerns: Given that smart irrigation systems depend on IoT and cloud-based platforms, apprehensions around data privacy and cybersecurity are increasingly significant. Agricultural producers and businesses are wary about using technologies that may compromise vital operational information. The aforementioned security concerns may impede the growth of the Smart Irrigation Market unless organizations implement resilient and secure solutions.

Geographical Dominance

North America occupies a preeminent position in the Smart Irrigation Market owing to its early adoption of innovative agriculture technologies and robust government support via subsidies. The region’s emphasis on sustainable agriculture and water conservation has heightened demand, fostering innovation and investment in advanced irrigation systems. This territorial supremacy establishes a precedent for other regions, catalyzing global market expansion as like efforts proliferate in Europe and Asia-Pacific.

Key Players

The “Global Smart Irrigation Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Rain Machine, ET Water, Galcon, Weathermatic, Skydop, Blossom, Delta-T.

Smart Irrigation Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Smart Irrigation Market into Component, Application, System and Geography.

Smart Irrigation Market, by Component:ControllersSensorsWater Flow MetersSmart Irrigation Market, by Application:AgriculturalNon-AgriculturalSmart Irrigation Market, by System:Weather Based ControllerSensor Based ControllerSmart Irrigation Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Microirrigation Systems Market Size By Type (Micro Sprinkler, Drip), Crop (Field Crops, Plantation Crops, Vineyards), End-Users (Farmers, Industrial Users), Component (Filters, Drip Emitter, Micro Spray, Irrigation Valve), By Geography, And Forecast

Global Precision Farming Market Size By Application (Yield Monitoring, Variable Rate Technology (VRT), Crop, Health Monitoring, Irrigation Management, Precision Livestock Farming), By Services (Consulting and Advisory Services, Training and Support Services, Managed Services), By Software (Farm Management Software, Remote Sensing Software, Data Management and Analytics Software), By Geography, And Forecast

Global Drip Irrigation Market Size By Component Type (Emitters/Drippers, Tubing/Hoses, Filters, Valves, Pressure Regulators, Backflow Preventers, Fittings and Accessories), By Crop Type (Field Crops, Vegetables, Orchard Crops, Vineyards, Plantation Crops), By Application (Surface Drip Irrigation, Subsurface Drip Irrigation, Drip Tape, Waste Management), By Geography, And Forecast

Global Greenhouse Irrigation System Market Size By Type (Drip Irrigation Systems, Sprinkler Irrigation Systems, Boom Irrigation Systems), By Application (Vegetables, Flowers & Ornamentals, Fruit Plants, Nursery Crops), By Geography, And Forecast

Top 6 Center Pivot Irrigation Systems for optimal growth

Visualize Smart Irrigation Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/smart-irrigation-market-is-expected-to-generate-a-revenue-of-usd-3-48-billion-by-2031–globally-at-14-74-cagr-verified-market-research-302268737.html

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

2025 Consumer Texting Behavior Report: Consumers Demand SMS Notifications and Conversations

Published

18 minutes ago

on

January 9, 2025

By

Consumers embrace SMS Marketing like never before, with 86% opting in and expectations for instant, tailored communication soaring.

SAN FRANCISCO, Jan. 9, 2025 /PRNewswire/ — EZ Texting, the leading text marketing platform for businesses of all sizes, released the 2025 Consumer Texting Behavior Report today. Now in its fourth year, the report underscores a remarkable trend: with a staggering 98% open rate, SMS has evolved from a communication tool to the cornerstone of audience engagement, driving immediate and meaningful interactions.

EZ Texting’s 2025 Consumer Survey results reveal consumers embrace SMS marketing like never before, with 86% opting in.

“Consumers are clear about their preferences: they want businesses to communicate with them through SMS,” said Punit Shah, Co-Founder and Chief Marketing Officer. “From promotional offers to providing customer support, customers now prefer SMS for its speed, delivery, and convenience above all other forms of communication, including social and email. Businesses that react to this trend will find themselves with positive customer engagement, and those that don’t are at risk of missing customer needs. Texting is no longer just a nice-to-have, it is now a must-have communication channel.”

Consumers Expect Texting for Every Business Need

The 2025 report reveals growing consumer reliance on SMS for appointment reminders, promotional updates, and customer support. Among the most striking findings:

86% of consumers now opt in for business texts, a 20% increase since 2021.79% of consumers are more likely to purchase when subscribed, increasing 21% from 2024.52% of consumers text businesses more often, a 31% increase over 2023.

SMS Marketing Drives Action & Builds Loyalty

Consumers are increasingly turning to SMS as their go-to communication channel with brands. Highlights include:

71% of consumers subscribe to texts without needing a prior purchase.47% share feedback via SMS, rising from 35% in 2024.63% of consumers text more overall, with 52% texting businesses, compared to 31% last year.

Consumers Demand Speed & Personalization

Consumer expectations for responsiveness are higher than ever:

57% expect businesses to respond within 15 minutes.67% show increased interest in products after receiving a text, an increase of 21% from 2024.49% purchase more often after receiving a text, underscoring the power of timely communication.

Survey Methodology

EZ Texting conducted the 2025 Consumer Texting Behavior Report to analyze consumer attitudes and behaviors related to SMS marketing.

Survey Timeframe: Nov. 1–Nov. 15, 2024Participants: 1,074 qualified respondents with personal mobile phones

About EZ Texting
Since 2004, EZ Texting has provided 230,000+ growing businesses and organizations with an effortless way to start text marketing—and powerful features and integrations to keep conversations going.

CONTACT:
Marco Raye
Content Marketing Manager
Email: mraye@eztexting.com

Journalists & Media
pr@eztexting.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/2025-consumer-texting-behavior-report-consumers-demand-sms-notifications-and-conversations-302346459.html

SOURCE EZ Texting

Continue Reading

Technology

Kotak Life launches ‘Kavya’: AI-powered HR Assistant aimed at enhancing Employee Engagement and Experience

Published

18 minutes ago

on

January 9, 2025

By

MUMBAI, India, Jan. 9, 2025 /PRNewswire/ — Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) has unveiled Kavya, an advanced HR virtual assistant powered by generative AI, designed to enhance employee experience and engagement.

Kavya serves as a trusted companion to Kotak Life’s strong workforce, ensuring that employees are heard confidentially while fostering open communication and connection throughout their professional journey. By engaging in meaningful conversations, Kavya aims to support individual growth and strengthen Kotak Life’s commitment to creating a progressive and supportive work environment.

Ruchira Bhardwaja, Chief Human Resources Officer, Kotak Mahindra Life Insurance Limited, said, “Kavya marks a pivotal moment in our commitment to employee development and satisfaction. With this AI-powered solution, we’re not just modernising HR services – we’re building a more empathetic, accessible and responsive workplace where every employee feels valued and heard.”

Key Features of Kavya 

Confidentiality: Kavya ensures that all interactions and shared information are kept strictly confidential, prioritising employee privacy at all times.Dedicated Support: For new joiners to seasoned professionals, Kavya is there at every milestone in the journey at Kotak Life, offering assistance and guidance.Action: Employees can share feedback and concerns with Kavya, who actively works to implement meaningful changes.Open Communication: Kavya encourages employees to communicate freely, without hesitation, providing a judgment-free space for open dialogue.

About Kotak Mahindra Life Insurance Company Ltd.

Kotak Mahindra Life Insurance Company Limited (Kotak Life) is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). Kotak Life provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long term savings. Kotak Life is one of the fastest growing insurance companies in India with 322 branches across 152 cities and has covered more than 5 crore active lives as on 31st December 2024.

For further information, please contact:
Shazin Motorwala, 
Kotak Mahindra Life Insurance Company Ltd.,
+91 98332 40021, 
Shazin.Motorwala@kotak.com

Jimit Harde,
Kotak Mahindra Bank,
+91 99300 29645,
Jimit.Harde@kotak.com

Meenakshi Verma, 
The Good Edge,
+91 99875 68227, 
meenakshi@thegoodedge.com

 

View original content:https://www.prnewswire.com/in/news-releases/kotak-life-launches-kavya-ai-powered-hr-assistant-aimed-at-enhancing-employee-engagement-and-experience-302346904.html

Continue Reading

Technology

FusionIQ Celebrates a Breakthrough Year in 2024, Wins Trifecta of Industry Awards

Published

18 minutes ago

on

January 9, 2025

By

Wealthtech provider also appoints Sloan Shanahan as Chief Revenue Officer to drive further growth and innovation

WOBURN, Mass., Jan. 9, 2025 /PRNewswire/ — FusionIQ, a leader in the delivery of cloud-based wealth management solutions, announced today that it achieved significant milestones in 2024, further establishing itself as a key innovator in wealthtech. This marks a pivotal moment in the company’s mission to make digital wealth transformation easy for financial advisors and institutions.

From industry awards to new partnerships and thought leadership to significant product advances, FusionIQ has emerged as a leader in the democratization of wealth as financial advisors and institutions look to fintechs to keep pace with the rapid acceleration of digital transformation in financial services.

Among the Notable Achievements in 2024:

Pre-Integrated Platforms: Leveraging the power of the cloud-native FusionIQ One platform, FusionIQ launched a suite of pre-integrated platforms to make digital wealth transformation easy, fast, and cost-effective for financial advisors and institutions. These platforms included FIQ Journey, the first dual journey platform for financial institutions integrating hybrid digital advice and self-directed investing in a single seamless investor experience, and the groundbreaking FIQ Wallet, the first digital wealth management solution for wallet companies, a significant leap forward in the convergence of wealth management and payment.Strategic Partnerships: The company announced key partnerships with leading financial institutions, including groundbreaking collaborations with OnPoint Community Credit Union and Kinecta Federal Credit Union, expanding access to digital investment services for OnPoint’s 581,000-plus members in Oregon and Southwest Washington, and Kinecta’s more than 270,000 members in California, New York, New Jersey, and Florida.Recognition in Banking Innovation: FusionIQ set the standard for innovation among wealthtech providers in 2024, winning Best-as-a-Service Solution for Wealth Management at the prestigious 2024 Banking Tech Awards USA in May, Best Wealth Management Solution by Vendor (Overall) at the Global BankTech Awards 2024 in September, and Best Digital Solution Provider – WealthTech – Personalization and User Experience at the Banking Tech Awards 2024 in December.SOC 2 Type II Compliance: FusionIQ successfully achieved SOC 2 Type II compliance, demonstrating its commitment to cybersecurity leadership and reinforcing trust with its growing client base.Thought Leadership: On topics ranging from cybersecurity to digital transformation in wealth management, FusionIQ advanced industry knowledge by contributing to 20 thought leadership articles, op-eds, and industry roundtables, establishing the company as a trusted voice in wealth management innovation.

With these achievements, FusionIQ continues to redefine the wealth management experience for institutions and investors across the industry.

Strengthening the C-Suite For Future Growth

In the second half of the year, FusionIQ made strategic leadership appointments to drive its continued growth trajectory. Eric Noll was appointed Chief Executive Officer after successfully completing a significant new fundraising round in October. That same month, Pete Chiccino was named Chief Operating Officer.

In December, Sloan Shanahan joined the executive team as Chief Revenue Officer (CRO), bringing a wealth of expertise in strategic partnerships, sales enablement, and market expansion. Ms. Shanahan has a proven track record of building and leading high-performing teams across top-tier consulting and technology organizations. Her vision aligns perfectly with FusionIQ’s goal of scaling operations and delivering innovative solutions to empower financial institutions in a rapidly evolving digital landscape.

“I’m thrilled to join FusionIQ at this pivotal time,” she said. “The company’s dedication to redefining wealth management through innovation and collaboration is inspiring. I look forward to working with the team to drive measurable business outcomes and forge enduring partnerships across the industry.”

Looking Ahead to 2025

Building on its momentum, FusionIQ is poised to accelerate its growth trajectory in 2025. With its strengthened leadership team and proven track record of success, FusionIQ is well-positioned to lead the next wave of digital transformation in wealth management.

About FusionIQ

FusionIQ makes it easy for financial advisors and institutions to be digital wealth leaders. The cloud-native all-in-one FusionIQ One platform has four modules – Hybrid Digital Advice, Self-Directed Investing, Digital Marketplace, and finTAMP – making digital transformation hassle-free. FusionIQ One powers a range of easy-to-implement products, including FIQ Freedom, FIQ Journey, FIQ Market One, FIQ TAMP+, and FIQ Wallet, making it easy for credit unions, banks, broker-dealers, family offices, RIAs, wallet providers, and asset managers to scale, delivering the digital experience clients and advisors want and the seamless workflows and process automations they need for organic growth. With white-label integrations complete in as little as six weeks, it’s easy to see why FusionIQ One’s integrated multi-custodian platform is quickly becoming the digital solution of choice for advisors and institutions. To learn more, please visit: https://fusioniq.io

Media Contact
Elizabeth Shim
Haven Tower Group
424 317 4861
eshim@haventower.com 

 

View original content:https://www.prnewswire.com/news-releases/fusioniq-celebrates-a-breakthrough-year-in-2024-wins-trifecta-of-industry-awards-302345687.html

SOURCE FusionIQ

Continue Reading

Trending