Global Precision Farming Software Industry to reach USD 1862.8 million by 2025.
Global Precision Farming Software Industry valued approximately USD 533.7 million in 2016 is anticipated to grow with a healthy growth rate of more than 14.9% over the forecast period 2019-2025. Increasing focus of farmers on improving productivity, crop yield, and farm efficiency and growing use of web-based software for farming are the major factors which are driving the growth in the Global Precision Farming Software Industry. However, the lack of human resources with proper technical knowledge, poor internet connectivity in some of the developing economies and legal restrictions associated with using personal data are the main reasons that hamper the Industry growth. The precision farming software is designed to improve yield and revenue of crops using data-driven insights. This software assists by providing information such as environmental factors, planting schedule and maintenance instructions that could affect the crop. The precision farming software also provides analytics features like yield size, expected waste and profit in the Industry, hence allowing farmers to make proper decisions during each growth cycle. This software often communicates with normal controllers being used as well as with hardware designed for particular use certain cases. This software is easy to maintain and can be updated easily. These help in storing data on secure and updated servers. Precision farming software help in weather tracking by providing up-to-date information on climatic conditions like wind speed and direction, temperature, rain and so on, this information help in taking decisions before severe and possibly dangerous circumstances occur, thereby protecting businesses.
The regional analysis of Global Precision Farming Software Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Precision Farming Software Industry Share and Size by 2019-2025
Precision Farming Software Market Segmentation:
By Delivery Model:
* Yield Monitoring
* Field Mapping
* Crop Scouting
* Weather Tracking and Forecasting
* Inventory Management
* Irrigation Management
* Farm Labor Management
* Financial Management
By Service Provider:
* System Integrators
* Managed Services Providers
* Assisted Professional Services Providers
* Connectivity Services Providers
* Maintenance, Software Upgradation, and Support Services Providers
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Precision Farming Software Market are as follows:
Deere & Company, Trimble Inc, Agjunction, Inc., SST Development Group Inc., Iteris, Inc., Raven Industries Inc., AG Leader Technology, Conservis Corporation, Dickey-John Corporation, Farmers Edge Inc., The Climate Corporation, Topcon Positioning Systems, Inc., Key Innovators, Granular, Inc., Aururas S.R.L, Grownetics, Inc. and s - on.