Global Precision Farming Software Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032
The Global Precision Farming Software Market valued at US $1058.77 Billion in 2022, is expected to reach a value of US $3103.89 Billion in 2030, growing at a CAGR of 14.39%.
Precision farming is one of the most scientifically and technologically advanced approaches of sustainable agriculture to emerge in the twenty-first century.
Take the following example: A farmer steers his tractor to his field using GPS (Global Positioning System). The GPS system determines the tractor’s precise location within the field.
It transmits the signal to a tractor computer equipped with a GIS, which stores the soil nutrient need map.
In combination with a Decision Support System, the GIS determines the specific fertiliser necessary for that location and then guides a variable rate fertilizer sprayer attached to the tractor to deliver the right dose at that precise location.
All of this happens in a mere second before the tractor continues driving.
Sounds like a scene from a science fiction novel. Precision farming (PF) is, however, what it means to large farmers in the United States and Europe.
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Farmers’ use of advanced analytics and the expansion of the Internet of Things (IoT) are both helping to growth. The market is being driven by advanced analytics, a type of data science that employs a number of tools and methodologies to forecast data and ensure correct crop and soil management.
Market Segmentation:
The precision farming software market can be segmented based on various factors such as technology, application, deployment, and region. Here are some possible segmentation categories:
- By technology: a. Guidance technology
b. Remote sensing technology
c. Variable rate technology (VRT)
d. Geographical Information System (GIS)
e. Others - By application: a. Crop management
b. Financial management
c. Inventory management
d. Weather tracking and forecasting
e. Others - By deployment:a. Cloud-based
b. On-premises
c. Hybrid - By region: a. North America
b. Europe
c. Asia Pacific
d. Middle East & Africa
e. Latin America
Regional Analysis:
• North America (US, Canada)
• Europe (UK, Germany, Spain, Italy, France)
• Asia-Pacific (India, China, Japan, Australia, South Korea)
• Latin America (Mexico, Brazil, Argentina)
• Middle East and Africa (UAWE, Saudi Arabia, South Africa)
Key Players: Ag Leader Technology; AgJunction Inc.; CropMetrics LLC; Trimble Inc.; AGCO Corporation; Raven Industries Inc.
Scope Of The Report:
Global Precision Framing Software Market: Historical Years- 2018-2021
Global Precision Framing Software Market: Forecast Years- 2022-2030
Global Precision Farming Software Market: USD value in 2022- $1058.77 Billion
Global Precision Farming Software Market: USD value in 2030- $3103.89 Billion
Global Precision Farming Software Market: CAGR- 14.39%
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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