The global smart agriculture market is projected to reach USD 25.4 billion by 2028, with a CAGR of 9.4% from 2023 to 2028. This growth can be attributed to the increasing global population and the use of modern technologies in agriculture. The rising adoption of IoT, ROVs, and AI in aquaculture farming is a major driver for this market, while the fragmented nature of the agriculture industry is a restraint.
