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Smart Irrigation Market is expected to generate a revenue of USD 3.48 Billion by 2031, Globally, at 14.74% CAGR: Verified Market Research®

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Smart Irrigation Market Size and Forecast,” This report offers a deep dive into the growing Smart Irrigation Market, highlighting key trends, growth drivers, and opportunities that are set to redefine the landscape of agriculture and water management.

LEWES, Del., Oct. 7, 2024 /PRNewswire/ — The Global Smart Irrigation Market Size is projected to grow at a CAGR of 14.74% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.16 Billion in 2024 and is expected to reach USD 3.48 Billion by the end of the forecast period.

As the demand for food production intensifies alongside water scarcity concerns, smart irrigation solutions have emerged as a game-changer for both large-scale commercial farms and small agricultural operations. Our comprehensive report reveals how innovations in IoT, sensors, weather-based controllers, and drip irrigation systems are enhancing water-use efficiency and reducing operational costs. The insights will provide industry leaders with a competitive edge, enabling them to adopt smart solutions that align with sustainability goals and maximize crop yield.

Key Insights of the Report Include:

Market Size & Growth Forecast: Gain insight into the Smart Irrigation Market, projected to experience substantial growth from 2024 to 2031, driven by advances in automation and climate change adaptation efforts.Technological Innovations: Explore the impact of cutting-edge technologies, such as AI-driven irrigation systems, remote sensing, and data analytics, transforming the way water is managed in agriculture.Market Segmentation: Detailed analysis of Component, Application, System, and geographic regions, helping identify the most lucrative investment opportunities across North America, Europe, Asia-Pacific, and more.Competitive Landscape: In-depth profiling of leading players in the Smart Irrigation space, including emerging startups and established companies, empowering businesses to benchmark their strategies and stay ahead of the curve.

Why This Report Matters for Industry leaders:

This report is designed for C-level executives, strategy planners, and key decision-makers in agriculture, water management, and smart farming sectors. Whether you are a manufacturer, technology provider, or investor, this report will equip you with actionable insights to capitalize on the rapidly growing demand for intelligent irrigation systems.

Stay ahead of the curve in the ever-evolving Smart Irrigation Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=5145

Browse in-depth TOC on “Global Smart Irrigation Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

GROWTH RATE

CAGR of ~14.74% from 2024 to 2031

BASE YEAR FOR VALUATION

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value in USD Billion

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

ComponentApplicationSystem

REGIONS COVERED

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

 

KEY PLAYERS

The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Rain Machine, ET Water, Galcon, Weathermatic, Skydop, Blossom, Delta-T

CUSTOMIZATION

Report customization along with purchase available upon request

Global Smart Irrigation Market Overview

Growing Demand from the Chemical Industry: The Smart Irrigation Market is experiencing substantial growth due to its widespread use in the chemical industry for the production of solvents, polymers, and pharmaceuticals. As industries increasingly rely on acetone for the manufacture of polycarbonates and epoxy resins, demand is expected to rise. This development presents substantial opportunities for manufacturers, chemical processors, and distributors seeking to enhance their market presence and maximize revenue streams.

Expanding Applications in Personal Care and Cosmetics: The rising consumer demand for personal care and cosmetic products is propelling the expansion of the Smart Irrigation Market. The importance of acetone as a key ingredient in nail polish removers, cosmetics formulations, and cleaning agents underscores its relevance in this rapidly growing sector. Personal care companies can leverage this trend by integrating acetone into their formulations, so improving their competitiveness and entering new, lucrative markets.

Rising Investments in Sustainable Acetone Production: As environmental regulations become more stringent, there is a growing shift towards sustainable acetone production methods. This trend is positively impacting the Smart Irrigation Market, as companies are investing in sustainable technology to mitigate carbon emissions. Employing sustainable manufacturing processes enables industry executives to adhere to regulatory standards, appeal to environmentally conscious consumers, and identify new avenues for market expansion.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=5145

High Initial Investment Costs: The initial expenses of smart irrigation systems might provide a considerable obstacle, especially for small and medium-sized farms, despite potential long-term savings. This constrains the growth potential of the Smart Irrigation Market, particularly in emerging economies with limited financial resources. Market participants must prioritize economical solutions and adaptable price structures to address this difficulty and enhance uptake.

Lack of Technical Expertise: The implementation of smart irrigation systems frequently necessitates a significant learning curve, particularly in rural and disadvantaged areas where technical proficiency is scarce. The absence of knowledge can impede the expansion of the Smart Irrigation Market. Organizations offering intuitive, readily implementable solutions accompanied by accessible training materials will possess a competitive edge in closing this gap.

Data Privacy & Security Concerns: Given that smart irrigation systems depend on IoT and cloud-based platforms, apprehensions around data privacy and cybersecurity are increasingly significant. Agricultural producers and businesses are wary about using technologies that may compromise vital operational information. The aforementioned security concerns may impede the growth of the Smart Irrigation Market unless organizations implement resilient and secure solutions.

Geographical Dominance

North America occupies a preeminent position in the Smart Irrigation Market owing to its early adoption of innovative agriculture technologies and robust government support via subsidies. The region’s emphasis on sustainable agriculture and water conservation has heightened demand, fostering innovation and investment in advanced irrigation systems. This territorial supremacy establishes a precedent for other regions, catalyzing global market expansion as like efforts proliferate in Europe and Asia-Pacific.

Key Players

The “Global Smart Irrigation Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Rain Machine, ET Water, Galcon, Weathermatic, Skydop, Blossom, Delta-T.

Smart Irrigation Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Smart Irrigation Market into Component, Application, System and Geography.

Smart Irrigation Market, by Component:ControllersSensorsWater Flow MetersSmart Irrigation Market, by Application:AgriculturalNon-AgriculturalSmart Irrigation Market, by System:Weather Based ControllerSensor Based ControllerSmart Irrigation Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Microirrigation Systems Market Size By Type (Micro Sprinkler, Drip), Crop (Field Crops, Plantation Crops, Vineyards), End-Users (Farmers, Industrial Users), Component (Filters, Drip Emitter, Micro Spray, Irrigation Valve), By Geography, And Forecast

Global Precision Farming Market Size By Application (Yield Monitoring, Variable Rate Technology (VRT), Crop, Health Monitoring, Irrigation Management, Precision Livestock Farming), By Services (Consulting and Advisory Services, Training and Support Services, Managed Services), By Software (Farm Management Software, Remote Sensing Software, Data Management and Analytics Software), By Geography, And Forecast

Global Drip Irrigation Market Size By Component Type (Emitters/Drippers, Tubing/Hoses, Filters, Valves, Pressure Regulators, Backflow Preventers, Fittings and Accessories), By Crop Type (Field Crops, Vegetables, Orchard Crops, Vineyards, Plantation Crops), By Application (Surface Drip Irrigation, Subsurface Drip Irrigation, Drip Tape, Waste Management), By Geography, And Forecast

Global Greenhouse Irrigation System Market Size By Type (Drip Irrigation Systems, Sprinkler Irrigation Systems, Boom Irrigation Systems), By Application (Vegetables, Flowers & Ornamentals, Fruit Plants, Nursery Crops), By Geography, And Forecast

Top 6 Center Pivot Irrigation Systems for optimal growth

Visualize Smart Irrigation Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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Nanalysis Announces Board Transition and Appointment of Three New Directors

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CALGARY, AB, May 1, 2026 /CNW/ – Nanalysis Scientific Corp. (the “Company”, TSXV: NSCI, FRA: 1N1), a leader in portable NMR spectrometers and MRI technology for industrial and research applications, is pleased to announce the appointment of Jonathan Ladd, Werner Maas, and Steve Feick to its Board of Directors effective May 1, 2026.

Mr. Ladd is an experienced technology executive and former Chief Executive Officer of NovAtel Inc., a Nasdaq-listed GPS technology company acquired by Hexagon AB. He has a track record of scaling global technology businesses and brings extensive experience in capital markets, corporate governance, and strategic execution within advanced technology companies. He currently serves on the following boards: Takemetoit Inc., AgriRobot, Litus Inc., and is an advisor at Tall Grass Ventures. Mr. Ladd earned a bachelor’s degree with distinction in engineering and is a member of Tau Beta Pi National Engineering Honor Society.

Dr. Maas is a senior executive in the analytical instrumentation sector, having previously served as President of Bruker BioSpin Corporation and currently serving as Chief Executive Officer of Hudson Lab Automation. He brings deep expertise in nuclear magnetic resonance (NMR) technologies, as well as global sales, marketing, and commercialization of scientific instrumentation. Dr. Maas holds a Ph.D. in Chemistry from Radboud University in The Netherlands, as well as several executive management designations from the MIT Sloan School of Management.

Mr. Feick is President of Manvest Inc., part of the Mancal Group. He has a track record of developing and growing a portfolio of investments in agriculture, finance, supply chain, infrastructure technology, energy efficiency, and data analytics. As a former entrepreneur, he ensures that his operational and investor experience elevates the growth of the portfolio. He is an experienced investor and brings expertise in capital allocation, governance, and long-term strategic planning across private and public market investments. Mr. Feick holds a Bachelor of Science degree in Chemical Engineering from Queen’s University.

In connection with these appointments, Martin Burian and Jennifer Stubbs will be stepping down from the Board of Directors, effective May 1, 2026. The Company thanks Mr. Burian and Ms. Stubbs for their contributions and service and wishes them continued success in their future endeavours.

“On behalf of the Board, I would like to thank Martin and Jennifer for their contributions to Nanalysis and dedicated service to the Company and wish them continued success in their future endeavours.” said Sean Krakiwsky, Chief Executive Officer. “We are pleased to welcome Jonathan, Werner, and Steve. Their collective experience across instrumentation, global commercialization, and capital allocation will support the Company as we focus on scaling our core NMR platform and executing on our services growth strategy.”

About Nanalysis Scientific Corp. (TSXV: NSCI, OTCQX: NSCIF, FRA: 1N1)

Nanalysis Scientific Corp. develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers used worldwide in pharma, biotech, energy, food, materials, and security industries, as well as in academic and government labs. The Company also operates a growing services division that maintains both its own products and third-party imaging equipment, anchored by a $160 million long-term contract with the Canadian Air Transport Security Authority (CATSA) to maintain security scanners at more than 80 Canadian airports.

Notice regarding Forward Looking Statements and Legal Disclaimer

This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nanalysis-announces-board-transition-and-appointment-of-three-new-directors-302759750.html

SOURCE Nanalysis Scientific Corp.

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PCIS Emerges as Leading Risk and Claims Provider in Mid-Atlantic with Three Major Wins

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SEPTA, City of Baltimore, and Maryland Department of Transportation MTA adopt ClaimsVISION to modernize risk and claims operations

NEW YORK, May 1, 2026 /PRNewswire-PRWeb/ — PCIS, a leading provider of Risk & Claims Management Information System (RMIS), today announced a series of new and expanded client engagements across the Mid-Atlantic region, further solidifying its position as a trusted partner for transit agencies and public sector organizations.

“The biggest barrier to innovation in the public sector isn’t a lack of tools—it’s the weight of legacy data environments that were never built for real-time intelligence. You can’t layer AI on top of fragmented, batch-driven systems and expect results.

The Southeastern Pennsylvania Transportation Authority (SEPTA) has selected PCIS ClaimsVISION RMIS to enhance its risk management capabilities and support more efficient claims oversight. The City of Baltimore has chosen ClaimsVISION Claims and RMIS to modernize its claims administration and enterprise risk management operations. In addition, the Maryland Department of Transportation Maryland Transit Administration (MDOT MTA) has entered into a new five-year agreement with PCIS, extending a long-standing partnership and continuing its use of the ClaimsVISION platform.

These engagements reflect a broader trend among public entities seeking modern, configurable platforms to improve visibility, streamline workflows, and strengthen compliance across increasingly complex risk environments.

“The biggest barrier to innovation in the public sector isn’t a lack of tools—it’s the weight of legacy data environments that were never built for real-time intelligence. You can’t layer AI on top of fragmented, batch-driven systems and expect results. Organizations like SEPTA and Baltimore are rethinking the foundation—moving toward continuous, streaming data models that actually enable AI to deliver value”, said Michael Loizou, CSO of PCIS.

Across these implementations, PCIS will deliver a unified platform designed to:

Centralize claims and risk data for improved decision-makingEnhance BI and intelligent analytics capabilitiesStreamline workflows and reduce manual processesSupport regulatory compliance and audit readinessEnable scalable, configurable solutions tailored to public sector needs

The continued expansion of PCIS within the Mid-Atlantic region underscores the company’s growing presence among transit agencies and public entities seeking proven, purpose-built risk and claims management solutions.

Media Contact

Helene Quinn, PCIS, 1 2124051625, hquinn@pcisvision.com, www.pcisvision.com

View original content to download multimedia:https://www.prweb.com/releases/pcis-emerges-as-leading-risk-and-claims-provider-in-mid-atlantic-with-three-major-wins-302759785.html

SOURCE PCIS

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Private Equity’s AI Moment: The Greatest Value Lever in Decades — and the Hardest to Pull

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The following article is authored by Neil Dhar, Senior Vice President, IBM Consulting Americas

ARMONK, N.Y., May 1, 2026 /PRNewswire/ — Next week at Think 2026, we’ll outline the forces shaping the Enterprise AI Race, forces that apply with particular urgency to private equity. The organizations gaining ground today are not the ones betting on a single model. They are the ones redesigning how their businesses operate, building hybrid architectures that give them control, and deploying AI in ways that orchestrate value that compounds over time. 

The private equity industry understands this better than most. The days of pilots and promises are over, and the demand for hard proof (a.k.a. ROI) has begun. Is your revenue accelerating? Can you drive efficiency and profitability at the same time? What does long-term growth look like? These are the questions sitting across the table at every board meeting and investment committee, and the pressure is only intensifying.  

This pressure has forced major PE firms to move aggressively to formalize their AI strategies, including exploring joint ventures with leading LLM companies. They’re making a calculated bet on AI as the most powerful value‑creation lever the industry has seen in its history, and they recognize that the window to move is now. 

The logic is unmistakable. PE firms don’t run single businesses, they run portfolios. Which means AI playbooks that work don’t just transform one company; they compound across ten, twenty, fifty, hundreds. A workflow reinvented once becomes a repeatable asset. A governance framework built once becomes portfolio infrastructure. That multiplier effect is native to how PE creates value, and it’s what makes the intersection of private equity and enterprise AI one of the most consequential arenas in business right now. 

The bet is a no-brainer. Execution is where it gets hard.  

Here’s what we know to be true: competitive advantage won’t come from betting on a single LLM. It will come from building AI tailored to your business, shifting to a hybrid strategy that combines custom models, foundation models, and smaller specialized models, all grounded in an architecture that connects your data, your workflows, and your intelligence. In private equity, where the same playbook has to work across an entire portfolio, that distinction isn’t academic. It’s the difference between value that compounds and value that stalls. 

We know this because we lived it. We turned our own operations into the proving ground, analyzing nearly 400 operational workflows and deploying AI solutions across more than 100 so far, coupled with AI governance and enablement.

The result was $4.5B in productivity gains from AI, hybrid cloud, automation and consulting expertise, and proof of what works.

We then took that proof and productized those validated workflows into IBM Enterprise Advantage, a first-of-its-kind asset-based consulting service that enables clients to build and operate their own tailored internal AI platform at scale.

With digital workers, prebuilt tools, and native governance, clients have a headstart rather than a blank slate. And because it’s multi-model, they retain the freedom to shift as technology evolves. For private equity, that flexibility determines whether a company is an asset or a liability at exit. 

We’re bringing this same approach to private equity-backed companies, where the defining question is what changed and can you prove it.

A major U.S. telecommunications provider is deploying digital workers and prebuilt AI tools from Enterprise Advantage to accelerate the migration of more than 150 critical applications, delivering measurable savings within two quarters.Working with a leading insurance administrator, IBM is using agentic AI to overhaul end-to-end claims processing, a function where a single claim can involve dozens of tightly regulated steps across multiple systems. AI agents now read and structure claim documents, perform compliance checks, assess eligibility, and route cases automatically, resulting in faster cycle times, fewer bottlenecks, and an operating model built to scale. 

What private equity does here will ripple far beyond its own portfolios. When PE-backed companies deploy production-ready AI across the business, they reset competitive expectations for entire industries, forcing every competitor to respond. That is the Enterprise AI Race playing out in real time.

The choices made today will define portfolio performance for the next decade. Move too slowly and you’re handing the advantage to every competitor who didn’t. Move without discipline and you’re betting the portfolio on a foundation that hasn’t been proven. The firms that win will be the ones who understood that distinction early enough to do something about it.

About IBM 

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Media contact: 

IBM
Lily O’Brien
lilyobrien@ibm.com

SOURCE IBM

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