Key Takeaways:
- IRGA announces a collaborative venture with SenzAgro, a developer of precision agriculture solutions.
- The partnership aims to enhance IRGA’s digital agricultural products using SenzAgro’s IoT technology.
- SenzAgro’s smart system offers real-time data capture and smart irrigation to over 10,000 farmers in nine countries.
- The global market for IoT solutions in agriculture is projected to grow significantly, reaching USD 71.5 billion by 2032.
- IRGA plans to use the SenzAgro platform for its Smart Integrated Urban Greenhouse projects and other digital solutions.
IRGA and SenzAgro Announce Collaborative Venture
IRGA recently announced the signing of a collaborative venture with SenzAgro, a Sri Lanka-based developer of precision agriculture solutions. This partnership is poised to enhance IRGA’s range of digital solutions aimed at supporting plantation and farm management.
Enhancing Digital Agricultural Solutions
IRGA has been focusing on developing digital solutions for the agricultural sector to improve plantation and farm oversight. The collaboration with SenzAgro will leverage SenzAgro’s proprietary smart technology solutions, which utilize sensor-based IoT technology to enhance the capabilities of IRGA’s digital products.
SenzAgro’s technology serves over 10,000 farmers across nine countries, providing real-time data capture of temperature, humidity, and soil moisture. Additionally, the system offers smart irrigation for better soil moisture and water management, all monitored and controlled through its digital platform and mobile applications.
Growing Market for IoT in Agriculture
The market for IoT solutions in agriculture is expected to grow from USD 18.43 billion in 2024 to USD 71.5 billion by 2032, with a Compound Annual Growth Rate (CAGR) of 18.52%. IoT-based smart farming solutions enable plantation and farm owners to closely monitor crop conditions and optimize resource use, improving agricultural produce quality, yield productivity, and sustainability.
Strategic Goals and Future Projects
IRGA aims to integrate the SenzAgro platform into its digital solutions, including the Smart Integrated Urban Greenhouse projects under the URBi system. This initiative targets household and commercial customers, providing fresh urban organic produce supported by smart monitoring technology applications.
The collaboration agreement outlines joint efforts to implement IoT and digital platforms for agricultural customers. IRGA plans to utilize its network within the farming and plantation sector, with exclusivity in Malaysia and potential expansion into Asia, to represent, support, and deliver precision IoT farming solutions globally.
IRGA’s CEO commented on the venture, stating, “We are excited to partner with SenzAgro to bring advanced IoT solutions to our customers. This collaboration aligns with our mission to enhance agricultural productivity and sustainability through digital innovation.”
SenzAgro’s representative added, “Our technology has proven benefits for farmers worldwide. Partnering with IRGA will help us expand our reach and impact, providing more farmers with the tools they need to succeed.”
