[ad_1]
Dublin, April 04, 2022 (GLOBE NEWSWIRE) — The “Global Precision Farming Software Market (2021-2026) by Software Type, Deployment, Enterprise Size, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Precision Farming Software Market is estimated to be USD 1.16 Bn in 2021 and is expected to reach USD 3.29 Bn by 2026, growing at a CAGR of 23.2%.
Market Dynamics
Key factors such as the increasing need for real-time data management through cloud computing and agricultural software for maintaining farm efficiency are driving the market’s growth. The government’s support to adopt modern agricultural techniques, strengthen intellectual property rights over agricultural innovations, and integration of mobile technology with farming techniques are few other factors that are growing the market significantly. The growing telematics applications in agriculture are expected to create opportunities in the global precision farming software market.
However, high initial investment is slowing down the market growth. Moreover, the management of data for effective decision-making and lack of standardization in the precision farming industry are the challenges for the Global Precision Farming Software Market.
Market Segmentation
- The Global Precision Farming Software Market is segmented further based on Software Type, Deployment, Enterprise Size, End-User, and Geography.
- By Software Type, the market is classified as Local/Web-Based and Cloud-Based.
- By Application, the market is classified as Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Financial Management, and Others.
- By Service Provider, the market is classified as System Integrators, Managed Services Providers, Connectivity Services Providers, Assisted Professional Services Providers, and Maintenance, Software Upgradation, & Support Services Providers.
- By Geography, America is projected to lead the market.
Company Profiles
Some of the companies covered in this report are Raven Industries Inc., Ag Leader Technology, Conservis Corporation, Dickey-John Corporation, Farmers Edge Inc., The Climate Corporation, Topcon Positioning Systems, Inc, Granular, Inc., etc.
Countries Studied
- America (Argentina, Brazil, …
Full story available on Benzinga.com
[ad_2]
Source link
