Global Precision Farming Software Market, By Delivery Model (Local/ Web- Based and Cloud- Based), Technology (Guidance System Technologies, Remote Sensing and Control System and Variable Rate Technology), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Inventory Management, Farm Labour Management, Financial Management and Others), Service Provider (System Integrators, Managed Services Providers, Maintenance, Software Up gradation and Support Services Providers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Precision Farming Software Market
Data Bridge Market Research analyses that the precision farming software market would exhibit a CAGR of 14.28% for the forecast period. Therefore, the precision farming software market value would climb up to USD 16.78 billion by 2028. Rising expenditure by the government on the development of agricultural infrastructure and growing requirement of real-time data management are the major factors attributable to the growth of precision farming software market.
Precision farming is used to measure variables such as soil temperature, humidity, patterns of climate, development and so on. Precision farming is the incorporation of traditional farming and agricultural practices with the modern and advanced technologies.
Expanding the appropriation of intelligent advancements in the worldwide agribusiness area would imply growth in the precision farming software market value. Rising initiatives by the government to upgrade ranchers' proficiency through new advances will also create lucrative growth opportunities for the precision farming software market in the long run. Establishment of intellectual property benefits on farming innovations will also propel growth in the precision farming software market demand. Further, rising demand for food owing to ever-rising population will also bolster the precision farming software market growth rate in the upward direction.
However, complexities involved in the management of data for productive decision making will pose a major challenge to the precision farming software market growth rate. Limited technical knowledge and skills of farmers or growers will act as precision farming software market restraint for this market. High primary business capital investment will dampen the precision farming software market growth rate.
This global precision farming software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on precision farming software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Precision Farming Software Market Scope and Market Size
The global precision farming software market is segmented on the basis of delivery model, technology, application and service provider. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of delivery model, the precision farming software market is segmented into local/ Web- based, cloud- based. Cloud- based segment is further sub-segmented into software as a service (SaaS) and platform as a service (PaaS).
- On the basis of technology, the precision farming software market is segmented into guidance system technologies, remote sensing and control system and variable rate technology. Guidance system technologies segment is sub-segmented into GPS/ GNSS- based guidance technology and GIS- based guidance technology. Remote sensing and control system segment is sub-segmented into handheld or ground- based sensing and satellite or aerial sensing. Variable rate technology segment is sub-segmented into map- based VRT and sensor- based VRT.
- On the basis of application, the precision farming software market is segmented into yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, farm labour management, financial management and others.
- On the basis of service provider, the precision farming software market is segmented into system integrators, managed services providers, maintenance, software up gradation and support services providers. Managed services providers segment is further bifurcated into farm operation services, data services, analytics services, connectivity services providers and assisted professional services providers. Assisted professional services providers segment is further bifurcated into supply chain management services, climate information services and others.
Global Precision Farming Software Market Country Level Analysis
The global precision farming software market is analysed and market size insights and trends are provided by country, delivery model, technology, application and service provider as referenced above.
The countries covered in the precision farming software market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the precision farming software market and will continue to flourish its trend of dominance during the forecast period owing to the earliest adoption of advanced agricultural technologies. Asia-Pacific on the other hand will register the highest CAGR for the forecast period owing to the rising initiatives by the government to strengthen the agricultural infrastructure.
The country section of the precision farming software market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Precision Farming Software Market Share Analysis
The precision farming software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to precision farming software market.
The major players covered in the precision farming software market report are IBM, AgDNA, AGCO Corporation., DTN, FTI Pty Ltd, Grownetics, Inc., Auroras s.r.l., Granular, Inc., TOPCON CORPORATION, The Climate Corporation, Farmers Edge Inc, DICKEY-john., Conservis, Ag Leader Technology., Raven Industries, Inc., Iteris, Inc., Reed Business Information Ltd, AgJunction, Trimble Inc. and Deere & Company. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.