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Hydroponics Technologies Market size is set to grow by USD 737.5 mn from 2024-2028, Facilitation in soil and space-saving to boost the market growth, Technavio

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NEW YORK, July 19, 2024 /PRNewswire/ — The global hydroponics technologies market  size is estimated to grow by USD 737.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 17.38%  during the forecast period.  Facilitation in soil and space-saving is driving market growth, with a trend towards increase in offering of advanced hydroponic growing systems. However, high investment cost of hydroponics technologies  poses a challenge. Key market players include AmHydro, Argus Control Systems Ltd., Brio Agri Producer Co. Ltd., Cox Enterprises Inc., Fork Farms, Greentech Organic Hydroponics Systems Mfrs., GrowLife Inc, Hawthorne Gardening Co., Heliospectra AB, Hortisystems UK Ltd., Hydrodynamics International Inc., Koninklijke Philips N.V., KUBO TUINBOUWPROJECTEN BV, LOGIQS B.V., MSc on smArt Agriculture TECHnologies, Nutrifresh Farm Tech India Pvt. Ltd., Rise Hydroponics, Thanet Earth Ltd., Valoya Oy, and Village Farms International Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Environment and climate control systems, Grow lights, Farm management systems, and Material handling systems), Type (Aggregate system and Liquid system), and Geography (Europe, APAC, North America, South America, and Middle East and Africa)

Region Covered

Europe, APAC, North America, South America, and Middle East and Africa

Key companies profiled

AmHydro, Argus Control Systems Ltd., Brio Agri Producer Co. Ltd., Cox Enterprises Inc., Fork Farms, Greentech Organic Hydroponics Systems Mfrs., GrowLife Inc, Hawthorne Gardening Co., Heliospectra AB, Hortisystems UK Ltd., Hydrodynamics International Inc., Koninklijke Philips N.V., KUBO TUINBOUWPROJECTEN BV, LOGIQS B.V., MSc on smArt Agriculture TECHnologies, Nutrifresh Farm Tech India Pvt. Ltd., Rise Hydroponics, Thanet Earth Ltd., Valoya Oy, and Village Farms International Inc.

Key Market Trends Fueling Growth

Hydroponics technology vendors offer diverse growing systems, including lighting, benching, ventilation, irrigation, screening, and control systems from Hortisystems UK Ltd. Another example is AmHydro’s nutrient film technique systems, which ensure uniform crop production, cleanliness, and space optimization. Notably, NFTs utilize closed-loop irrigation, conserving water for growers. These advancements enhance yield, potentially driving the global hydroponics market’s expansion during the forecast period. 

The Hydroponics Technologies Market is experiencing significant growth, particularly in the areas of HVAC systems, fans, and ventilation for effective climate control. Irrigation systems and control systems ensure precise nutrient delivery, while rails, lights, and setup costs remain key considerations for startups like Easy Urban Garden. Certification for organic production is a trend, with deep water culture (DWC) systems using nutrient-rich water gaining popularity among home growers. HVAC, fans, and irrigation systems contribute to higher setup costs, while recurring costs include energy for lights and nutrients like nitrogen, phosphorus, and potassium. Macronutrients maintain plant health, preventing issues such as discoloration, stunted growth, and scattered spots during the vegetative stage and foliage production. The fruits segment, including berries like strawberries, blueberries, cranberries, and raspberries, is a growing area in greenhouse crop production. Companies like Signify Holding, Artechno, Philips GreenPower, and Indoor cultivation are leading innovators in this space, particularly in the cannabis industry. Storage containers, buckets, rafts, waterbeds, Styrofoam, and water culture systems are essential components of hydroponic setups. 

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Market Challenges

Hydroponics technologies are essential for indoor and vertical farming, involving various systems such as nutrient film technique, deep water culture, and aeroponics. The initial investment for setting up an indoor farm using hydroponics technologies is significantly higher than traditional farming methods, such as greenhouses. An indoor farm with a 10-tier setup can cost between USD4,500 to USD5,000 per square meter, which is approximately 15 times the cost of a greenhouse equipped with basic necessities like heaters, ventilators, and thermal screens. The return on investment to cover the initial investment takes around 5 to 7 years. Consequently, the high investment cost may hinder the growth of the global hydroponics technologies market during the forecast period.The Hydroponics Technologies Market faces several challenges, including diseases, climate change, and environmental regulations. These factors require continuous innovation to ensure healthy crop growth and sustainability. With the World’s population projected to reach 9.7 billion by 2050, year-round production and higher yields are essential. LED grow lights, a lighting technology, offer energy efficiency and customizable light spectrums, extending the growing season and increasing crop volumes. Hydroponics is ideal for high-value organic crops like fruits, herbs, and leafy vegetables, even in limited land resources. Indoor farming, including vertical farming, is a growing application sector, especially for home gardeners and professional growers. Energy efficiency, lifespan, and crop type are crucial considerations when choosing between LED grow lights, high-pressure sodium (HPS), and metal halide lamps. Supermarkets and restaurants seek hydroponically grown produce for productivity and consistent environmental conditions. Despite challenges, hydroponics offers opportunities to meet the demands of an expanding population and changing climate while reducing water usage compared to traditional agriculture systems. Commercial hydroponic growers must navigate energy requirements and equipment costs to maximize profits.

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Segment Overview 

This hydroponics technologies market report extensively covers market segmentation by

Technology 1.1 Environment and climate control systems1.2 Grow lights1.3 Farm management systems1.4 Material handling systemsType 2.1 Aggregate system2.2 Liquid systemGeography 3.1 Europe3.2 APAC3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Environment and climate control systems-  The hydroponics technologies market is experiencing significant growth due to the increasing demand for sustainable and efficient agricultural practices. These systems allow plants to grow without soil, using nutrient solutions instead. This method conserves water, reduces the use of pesticides, and allows for year-round production. Major players in the market include Nufarm, General Hydroponics, and BrightAgro. Companies invest in research and development to improve yields and create cost-effective solutions. The market is expected to continue expanding due to its numerous benefits for farmers and consumers alike.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global vertical farming technologies market is experiencing rapid growth, driven by increasing urbanization and demand for sustainable agriculture. Vertical farms utilize innovative techniques like hydroponics and aeroponics to grow crops in controlled environments, minimizing water usage and maximizing land efficiency. The global smart agriculture market integrates IoT, AI, and data analytics to enhance farming efficiency. It includes precision farming techniques such as sensors and drones to monitor crops, soil conditions, and livestock health in real-time, optimizing yields and resource utilization. The global floriculture market continues to expand with rising demand for ornamental plants and flowers worldwide. Key trends include sustainable practices, hybrid varieties, and increasing online sales, driven by growing consumer interest in floral aesthetics and gifting.

Research Analysis

Hydroponics, a revolutionary farming technology, allows the growth of plants without soil, using mineral solutions instead. This method is gaining popularity due to its ability to produce organic foods in an alternative farming system, making it ideal for consumers seeking fresh, nutritionally superior vegetables and leafy greens, even in climatic changes. Hydroponics offers higher yields, using less water and resources compared to traditional agriculture. Home gardeners and professional growers alike benefit from its operational simplicity. Indoor cultivation enables year-round production, particularly for temperature-sensitive crops like cannabis and marijuana. However, the use of artificial ripening agents and mineral solutions raises concerns for some consumers. The debate continues between hydroponics and traditional farming methods, with each having its advantages and disadvantages. Ultimately, the choice depends on individual preferences, resources, and sustainability considerations.

Market Research Overview

Hydroponics technology is revolutionizing the agriculture industry by providing an alternative to traditional farming methods, particularly for producing organic foods in urban areas. Consumers are increasingly demanding fresh, local produce, leading to a growing interest in hydroponics for leafy greens, vegetables, and even fruits. This sustainable option uses water and fertilizers instead of agricultural land and chemicals, making it an attractive solution for addressing water resources and land shortages. However, hydroponic farming requires significant investment in hydroponic equipment and expertise, limiting its accessibility for smaller farmers. Hydroponic systems, including NFT, DWC, and ebb and flow, can be set up in various locations such as rooftops, warehouses, and shipping containers, reducing transportation and logistics costs. Year-round harvesting is possible with hydroponics, minimizing food wastage and providing a consistent supply of fresh produce. Despite the high initial investment and expertise required, hydroponics offers higher yields and year-round production, making it an attractive option for high-value organic crops like herbs, leafy vegetables, and even fruits. Hydroponic systems can be used for both indoor and outdoor farming, with LED grow lights and energy-efficient lighting technologies like high-pressure sodium (HPS) and metal halide lamps enhancing crop growth. However, hydroponics also faces challenges such as pests, diseases, and environmental regulations, as well as concerns regarding water usage and carbon footprint. Climate change and the limited availability of arable land further highlight the need for sustainable agricultural solutions like hydroponics. The world’s population continues to grow, increasing the demand for fresh, organic produce, creating significant market opportunities for hydroponics technologies. In summary, hydroponics offers a sustainable alternative to traditional farming methods, providing fresh, organic produce year-round with higher yields. However, it requires significant investment and expertise, and faces challenges related to pests, diseases, and environmental regulations. Despite these challenges, the growing demand for local, organic produce and the limited availability of arable land make hydroponics a promising solution for addressing the world’s agricultural needs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyEnvironment And Climate Control SystemsGrow LightsFarm Management SystemsMaterial Handling SystemsTypeAggregate SystemLiquid SystemGeographyEuropeAPACNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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