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

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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:

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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.

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KIC Ventures Changing the Private Equity Paradigm: The HealthTech Investment Firm with the Most Majority-Owned Portfolio of Revenue-Generating Spine Companies

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KIC Ventures is transforming the private equity landscape in healthtech by focusing exclusively on spine surgery technologies and maintaining majority ownership in its portfolio companies. Unlike traditional firms that diversify minority stakes across various sectors, KIC Ventures’ unique model allows it to control and direct innovation with unparalleled agility. Founded and led by Dr. Kingsley R. Chin, a physician with over 20 years of clinical experience, KIC Ventures disrupts the market by aligning its investments with the future of outpatient spine care. This physician-led approach ensures the firm addresses real clinical needs, giving it a decisive advantage in shaping the future of spine surgery, particularly in physician-owned outpatient centers.

FORT LAUDERDALE, Fla., Oct. 7, 2024 /PRNewswire-PRWeb/ — KIC Ventures is reshaping private equity in healthtech by maintaining majority ownership in the most number of revenue-generating spine companies in the world. Unlike traditional firms that diversify minority stakes across sectors, KIC Ventures exclusively focuses on spine surgery technologies, giving it unparalleled control and agility in driving innovation.

“KIC Ventures is transforming spine care by empowering physicians with cutting-edge technologies, shifting the focus from hospital-based systems to physician-owned outpatient centers for more efficient and patient-centered care.” – Dr. Erik C. Spayde, CMO of KIC Ventures

Led by founder Dr. Kingsley R. Chin—a Harvard-trained orthopedic spine surgeon and Harvard Business School graduate—KIC Ventures’ leadership team consists of experts who invest their own capital, ensuring a stable and committed group that can act with speed and decisiveness. This unique approach has enabled KIC Ventures to maintain majority ownership, allowing the firm to predict market needs and align investments with the future of outpatient spine care.

KIC Ventures’ proprietary Less Exposure Spine Surgery (LESS) philosophy, pioneered by Dr. Chin, focuses on less invasive procedures that preserve anatomy, reduce recovery times, and empower physicians. This innovative, patient-centered approach places KIC Ventures ahead of traditional hospital-based models, positioning it as a key disruptor in the spine surgery market.

Strategic Milestones and Global Vision

KIC Ventures’ journey is marked by significant milestones that demonstrate its ability to identify and scale breakthrough technologies. The sale of MANTIS to Stryker and acquisitions like AxioMed and NanoFuse Biologics underscore its vision for developing innovative solutions that meet the evolving needs of surgeons and outpatient facilities. With its leadership in spine care technologies, KIC Ventures continues to challenge traditional healthcare models by supporting physician-owned outpatient centers.

“We are proud to lead the outpatient spine surgery market, offering cutting-edge solutions that empower physicians and transform care from hospital-based systems to physician-owned centers,” said Dr. Erik C. Spayde, Chief Medical Officer of KIC Ventures, Chief of Spine Surgery at a major California Hospital and Harvard-trained board-certified orthopedic spine surgeon

Looking ahead to 2025, KIC Ventures plans to release new spine surgery innovations, including the highly anticipated Axiomed lumbar disc, and expand its NANISX portfolio, which already features technologies like InSpan, Sacrix, and FacetFuse. The firm’s ability to remain nimble and act with foresight is a direct result of its capital strategy and leadership stability. “Our independent capital strategy allows us to act with decisiveness, avoiding dilution and keeping our leadership agile,” added Aditya Humad, Co-founder, President, and CFO of KIC Ventures, formerly at JP Morgan HealthTech mergers and acquisitions, and a graduate of Wharton and Harvard Business School.

Chief Technology Officer Vito Lore also emphasized the firm’s commitment to collaboration. “Collaboration between engineers and physicians drives our innovation. Our upcoming 2025 releases are set to shape the future of spine care technologies.” Lore, with a background in aeronautical engineering from Purdue University and almost two decades of experience in spine innovations, brings deep experience collaborating with physicians to the firm’s cutting-edge advancements.

A Vision for the Future

KIC Ventures is built on Dr. Chin’s entrepreneurial philosophy of identifying a Problem, predicting future needs, and creating products that drive global adoption—his “3 P’s of entrepreneurship.” This strategy has fueled the firm’s growth and innovation. With new product launches on the horizon, KIC Ventures is set to continue leading the transformation of outpatient spine surgery worldwide.

About KIC Ventures
Founded in 2013 as the venture arm of Kingsley Investment Company LLC, KIC Ventures focuses exclusively on advancing outpatient spine surgery through its Less Exposure Spine Surgery (LESS) philosophy. With a portfolio of innovative spine technologies and a commitment to empowering physicians, KIC Ventures has become the world’s largest private equity firm with a majority-owned portfolio of differentiated spine companies focused on outpatient spine solutions.

For more information, visit http://www.kicventures.com.

Media Contact

KIC Ventures, KIC Ventures, 978-232-3990, Press@KICVentures.com, www.KICVentures.com 

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SOURCE KIC Ventures

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AMI Partners with Samsung to Bring Firmware Security to PCs

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ATLANTA, Oct. 8, 2024 /PRNewswire/ — AMI®, the global leader in Dynamic Firmware for worldwide computing, has partnered with Samsung Electronics, the global leader in consumer technology, to create an enhanced joint security solution available in Samsung’s Galaxy Book PCs. Alongside Samsung’s multi-layer security platform Samsung Knox, AMI’s Tektagon™ – the industry-leading Platform Root of Trust firmware security solution – is now integrated into Samsung PCs including the Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360, and Galaxy Book4 Ultra. 

Through this collaborative partnership, AMI’s Tektagon seamlessly integrates with Samsung Knox to ensure that confidential and sensitive data stays safe at every layer of the device through real-time threat detection and collaborative protection, while providing the highest level of security against firmware-injected malware to help prevent ransomware and denial of service attacks.

“As a leading supplier of endpoint technology to global government and commercial industries, Samsung is committed to securing its platforms at all levels,” said Dr. Hark-Sang Kim, EVP & Head of New Computing R&D Team, Mobile eXperience Business at Samsung Electronics. “Integrating AMI’s Tektagon solution into our latest Galaxy Books provides powerful and comprehensive protection at the platform’s foundation.”

The Samsung Knox platform leverages the motherboard’s existing embedded processor to provide a hardware-backed secure platform, which includes AMI’s Tektagon security technology. Thanks to AMI’s leading capabilities as a firmware provider, the need for additional components is reduced while hardware-rooted security is still seamlessly delivered.

“AMI is extremely proud of our work integrating our Tektagon Platform Root of Trust solution into Samsung Galaxy Book series notebooks,” said Stefano Righi, Senior Vice President of the AMI Global Software and Security Group. “Together Samsung and AMI are helping to reduce the cyber threat landscape, securing business endpoints around the world from malicious attacks.”

The Samsung Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360 and Galaxy Book4 Ultra with AMI Tektagon Platform Root of Trust are available today and can be ordered directly from Samsung.

Follow AMI on LinkedIn and Twitter/X to receive the latest news and announcements.

AMI® and Tektagon™ are registered trademarks/trademarks of AMI in the US and/or elsewhere. Galaxy Book and Knox are trademarks of Samsung Electronics Co. Ltd. in the United States and other countries. All other trademarks and registered trademarks are the property of their respective owners.

About AMI

AMI is Firmware Reimagined for modern computing. As a global leader in Dynamic Firmware for security, orchestration, and manageability solutions, AMI enables the world’s compute platforms from on-premises to the cloud to the edge. AMI’s industry-leading foundational technology and unwavering customer support have generated lasting partnerships and spurred innovation for some of the most prominent brands in the high-tech industry.

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Patriot Memory Unveils Viper PV573 Gen5 SSD: Compact Design, Maximum Power–The Perfect Balance of Size and Performance

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TAIPEI, Oct. 8, 2024 /PRNewswire/ — Patriot Memory, a leading manufacturer of high-performance gaming memory modules, SSDs, flash memory, and gaming peripherals, today announced the launch of its latest innovation under the Viper Gaming brand: the Viper PV573 PCIe Gen5 x4 M.2 2280 SSD. This product reinforces Patriot’s leadership in cutting-edge technology, pushing speed boundaries beyond its predecessor, the PV553.

The Viper PV573 SSD utilizes advanced 3D NAND vertical stacking technology, significantly enhancing storage density while reducing power consumption and delivering faster read and write speeds. This innovation also improves durability, making it a reliable choice for users with demanding storage needs. With capacity options of up to 4TB, the Viper PV573 combines powerful performance in a compact, portable form factor, achieving the perfect balance of high capacity and efficiency within a small footprint.

The Viper PV573 SSD boasts astonishing read speeds of up to 14,000 MB/s and write speeds of 12,000 MB/s. Equipped with Patriot’s proprietary active cooling technology, it is specifically designed for high-performance computers, workstations, data centers, servers, gaming consoles, and media creation and editing applications, ensuring stability and high performance during extended use.

Featuring the latest PCIe Gen5 x4 controller and 232-layer TLC NAND technology, the Viper PV573 is fully compliant with the NVMe 2.0 specification. With blazing read speeds of up to 14,000 MB/s and write speeds reaching 12,000 MB/s, it delivers a performance boost of up to 2.8 times faster than the previous Gen 4 SSD standard and nearly 7 times faster than Gen 3 SSDs. This provides users with an unprecedented speed experience for performance-demanding tasks. Not only is it backward compatible with PCIe 4.0 and PCIe 3.0 platforms, but it also offers exceptional system loading and data caching performance, making it ideal for intensive creative workloads. Whether it’s 3D animation production, game development, or high-complexity virtual visualization, the PV573 effortlessly handles it all, significantly enhancing multitasking efficiency. On the latest Intel and AMD platforms, it showcases unmatched performance, offering creators and gamers the ultimate solution for all high-performance application needs.

The Viper PV573 SSD features Patriot’s most advanced proprietary cooling technology with an active fan design. The fan system, tailored for Gen 5 SSDs, introduces cool air through an aluminum alloy heatsink, creating thermal convection and accelerating heat dissipation, thus improving overall cooling performance by over 40%. The 16.5mm high thermal conductivity aluminum alloy heatsink, with an innovative heat flow design, effectively addresses common overheating issues in Gen 5 SSDs, ensuring stable temperatures under high-load operations.

The Viper PV573 Gen5 x4 SSD is equipped with powerful data protection and error correction mechanisms that significantly enhance the durability of NAND storage while ensuring data integrity and stable system operation. By incorporating advanced wear leveling technology, the SSD’s lifespan is greatly extended. It also features 4K LDPC (Low-Density Parity-Check) error correction technology, which maintains consistently high performance even under prolonged, high-load operation.

Additionally, the Viper PV573 comes with a comprehensive five-year global warranty, offering users peace of mind for high-performance applications such as gaming, video editing, 3D modeling, and rendering. This ensures reliable, long-term support for demanding tasks.

This new SSD not only represents an evolution in speed but also showcases Patriot’s relentless pursuit of cutting-edge technology, delivering the perfect combination of ultimate speed and stability for all high-performance applications.

About Patriot Group

Patriot Group designs, develops, manufactures, and markets high-performance memory and storage products and solutions, streamlining users and technologies of data applications for different verticals. The Patriot Group owns three leading brands, Patriot, Viper Gaming, and ACPI, serving different market segments. Patriot offers the latest consumer memory and storage technologies, including DRAM, SSD, and flash memories. Viper Gaming features top-notch overclock-ready memories and gaming gadgets that appeal to hardcore gamers, covering high-performance memory modules and SSDs to the latest in gaming accessories. ACPI, the group’s brand for industrial-grade storage solutions, provides flash storage devices for industrial applications and embedded systems with reliability and quality.

About Viper™

Viper™ is a trademarked brand under the Patriot Group, a global leader in performance memory, SSD, and flash storage solutions. Established in 2007, Viper™ made its mark by introducing a renowned line of computer memory. This line has since become synonymous with elite performance and reliability among gamers worldwide. In 2015, Viper™ expanded its product range to include gaming keyboards, headsets, and mice. With offerings in entry-level, mid-level, and high-end categories, all equipped with rich feature sets, Viper™ has garnered numerous awards for its peripherals. These accolades are a testament to the brand’s commitment to providing gamers with unrivaled performance and reliability, empowering them to dominate their chosen sport.

*All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

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