Precision Farming Software Market Growth Size, Share & Forecast 2019-2025

Posted October 30, 2019 by rishabh3210

Precision Farming Software Market Growth Size, Share & Forecast 2019-2025Precision Farming Software Market Growth Size, Share & Forecast 2019-2025
The precision farming software market is expected to grow at a moderate rate during the forecast period (2019-2025). Precision farming, also known as site-specific crop management or satellite farming that is a farm management concept that utilizes information technology software. The precision farming software is designed to increase the yield which in turn increasesthe revenue of the crops by the use of data-driven insights. This software assists the farming in a better manner by offering information related to the environmental factors, planting schedule and maintenance instructions that could affect the productivity of the crop. In addition, the precision farming software offers analytics features like yield size, expected waste and profit in the market and therefore facilitate farmers to make proper decisions during each growth cycle.

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Significant rise in the demand for food and rising adoption of IoT across the globe are the major factors to contribute towards the growth of the precision farming software market.According to the Food and Agricultural Organization (FAO) of the United Nations (UN), the global population will significantly rise from 6.8 billion in 2009 to 9.5 billion in 2050. Approximately all of such growth is anticipated to occur in developing countries. This would result in the demand for significant food production. For instance, according to the UN, annual cereal production (for food and animal feed) will have to grow from 2.1 billion tons in 2009 to 3 billion tons by 2050.

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The agriculture industry and automation suppliers are finding several new opportunities through the use of IoT and digital solutions to improve yields, profits, and farming practices. In addition, the utility of IoT has a wide scope in the field of precision farming as the work of precision farming is to create data through sensors that track vehicles, monitor livestock, and monitor storage areas. Therefore, increasing the focus of farmers on improving productivity, crop yield, and farm efficiency and growing use of web-based software for farming are the major factors to drive market growth.

Current Market trends covered in the market report:

Agriculturists and farmers are actively using software and services for the purpose of precision farming across the globe.
The dearth of human resources with proper technical knowledge and poor internet connectivity in some of the developing economies is a major factor to hamper market growth.
Robotics and automation in farming is a major opportunity for the growth of precision farming across the globe.
Mergers & acquisitions and strategic partnerships are the key strategies to remain competitive in the market.

Global Precision Farming MarketSoftwareSegmentation

By Application

Field Mapping
Yield Monitoring
Crop Scouting
Weather Tracking and Forecasting
Labor Management
Financial Management
Inventory Management
Others (Irrigation Management and Livestock Management)

By Hardware

Sensing Devices
Guidance and Steering
Monitors & Display Devices
GPS/GNSS Devices

Global Precision Farming Software Market – Segment by Region

North America

United States


Rest of Europe


Rest of Asia-Pacific

Rest of the World

Latin America
Middle-East Africa

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Contact Email [email protected]
Issued By Mr. Anurag Tiwari
Phone +1 646-755-7667
Country India
Categories Business
Tags Precision Farming Software Market Growth Size, Share & Forecast 2019-2025
Last Updated October 30, 2019