The Agriculture IoT market is expected to witness substantial growth, reaching $22.94 billion by 2033. Factors such as rising food demand, technological advancements and smart farming practices are propelling this expansion.
Quectel, Fibocom and China Mobile were the leading module players, collectively holding a 50% market share in Q1 2024.
For markets excluding China, the top three vendors were Quectel, Telit Cinterion and Fibocom.
Global cellular IoT module shipments g
Over the next few years, software spending will continue its rapid growth, followed by spend on IT services, communications equipment, and computer equipment.
The important application responsible for this growth is none other than remote supervision of assets like industrial equipment, tanks, and pipeline infrastructure both in downstream and midstream verticals
As the industry looks to master AI everywhere, GenAI is emerging as a transformative force in healthcare and is set to impact workforce efficiency and hyper-personalization in the care processes.
