According to a new market research report published by Credence Research “Global Telematics in Heavy Equipment Market (Technology (Cellular, Satellite); Application (Agriculture, Construction, Mining) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027” the telematics in heavy equipment market is set to grow with a CAGR of 10.9% during the forecast period.
Smart agriculture is a paradigm shift in farming that helps in guiding actions needed for modifying & reorienting farming systems in order to aid the growth of the farming sector. Legislation favoring smart farming activities is likely to influence the growth of the smart agriculture industry over the period from 2019 to 2027.
Agriculture has been the back bone of the global economy over centuries and has contributed approximately 1/3rd to the global GDP in recent years. However, with rising urbanization, rural or farm working population has witnessed significant migration towards urban centers, thereby creating crisis on a global scale.
Facility management focuses on techniques and methods used for infrastructure management, building management, and utility management in order to harmonize the data flow and operation in an organization. Facility management helps in standardizing services and streamlining processes for an organization.