Precision Farming Software Market apparatuses are basically intended to amplify yield and income connected with crops. The accuracy cultivating programming helps with the data, for example, optimal establishing plan, support directions, and ecological elements that could influence a given harvest. Accuracy agribusiness programming frequently offers prescient examination elements, for example, expected squander, yield size, and productivity comparable to advertise values, which helps ranchers and cultivators to go with ideal choice all through every development cycle.
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%.
The different exploration associations and affiliations assume a crucial part in the improvement of accuracy cultivating programming market. Developing populace with the rising interest for food and high entrance of distributed computing innovation in the homestead information the board are the variables that will help the development of this market. Further, different elements, for example, reconciliation of versatile innovation with cultivating procedures, expanding utilization of horticulture programming for keeping up with ranch proficiency, and government backing to take on current agribusiness methods are supposed to fuel the development of accuracy cultivating programming market. In any case, the high starting capital speculation prevents the development of this market somewhat. The fast web availability and mix of cell phone with agribusiness equipment and programming applications are the variables that will offer the amazing learning experiences in the accuracy cultivating programming market.
Segmental Analysis :
Based on Delivery Model:
- Local or Web-Based
- Software as a Service (SaaS)
- Platform as a service (PaaS)
Based On Application:
- Yield Monitoring
- Field Monitoring
- Crop Scouting
- Weather Tracking and Forecasting
- Inventory Management
- Farm Labour Management
- Financial Management
The yield monitoring segment accounted for the largest revenue share of 44.11% and is expected to continue its dominance over the forecast period as it helps the farmers to make decisions about their fields. The segment is further segregated into on-farm yield monitoring and off-farm yield monitoring.
Based On Service Provider:
- Systems Integrators
- Managed Services Providers
- Assisted Professional Services Providers
- Connectivity Services Providers
- Maintenance, Software Upgradation and Support Service Providers
For instance, AGCO Corporation (U.S.) focuses on connecting with agro-tech entrepreneurs and seeks partnerships through innovative and disruptive solutions. In addition, in December 2018, AgJunction Inc. entered into a partnership with Mahindra and Mahindra Ltd. With this agreement, both the companies agreed to prepare a statement of work for the future development of products for the farmers.
Some prominent players in the global precision farming market include:Ag Leader Technology; AgJunction Inc.; CropMetrics LLC; Trimble Inc.; AGCO Corporation; Raven Industries Inc.
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Frequently Asked Questions:-
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- The global precision farming market is estimated to reach US$ 6 Bn by the end of 2022.
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