This week, let’s check out the top stories from IoT to food safety and temperature sensors markets:
Proliferation of Internet and smartphones in the current market is anticipated to create significant growth opportunities for IoT in agriculture market globally, enhancing agricultural productivity.
While agriculture produces large volumes of data it is still the least digitalised sector in the US, which includes matters of infrastructure, data ownership and economics. IoT, agriculture and food safety key structural challenges and ability to provide a ‘trusted’ environment for transactions.
The BIS Research report shows that the global food safety market is expected to reach $17.7 billion by 2021, due to the rising outbreak of foodborne illness, advancements in using the latest technology for food safety testing, stringent regulations and globalisation of food supply.
The Global temperature sensors market was valued at $5.14 billion in 2016, and is projected to reach a value of $7.705 billion by end of 2022. This growth is due to the increasing demand from automotive industry and R&D fields.