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Precision Farming Software Market by Delivery Model, Application, Service Provider, and Geography - Global Forecast to 2022

Precision Farming Software Market: Global Forecast until 2022

  • February 2017
  • 197 pages
  • ID: 4684227
In this report:
The overall precision farming software market, by region is expected to grow from USD ##.## million in 2015 to USD ##,##.## million by 2022, at an estimated CAGR of ##.##% between 2016 and 2022.
Considering the large scale of farming in these countries, the precision farming software market in South America is expected to grow at a high CAGR of ##.##% between 2016 and 2022.

Summary

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"The growing need for data management through cloud computing and government's support for modern agricultural techniques drive the rise of the precision farming software market"

The precision farming software market is forecasted to grow from $463.80M in 2015 and is forecasted to reach $1188.70M by 2022, at a compound annual growth rate of ~14.0 percent between 2016 and 2022. Precision farming software is mainly influenced by increasing demand for real-time data management through cloud computing, government's support to take modern agricultural techniques, and strengthening of intellectual property rights over agriculture innovations. Other Elements such as mobile technology integration with farming techniques and increasing use of agricultural software for farm efficiency have further contributed to the global market increase. Precision farming software is going to be the modern way of agriculture that people across the globe would adopt. The main restraining factor for the precision farming software market is the high initial investment and the lack of technical awareness among farmers.

"Cloud-based delivery model is anticipated to grow at more important rate between 2016 and 2022"

Cloud-based delivery model is an Internet-based computing model that provides shared processing of resources and data to users on demand. Presently, cloud-based delivery model is at its nascent stage; nevertheless, this model is anticipated to grow quickly in the next years. The advantages provided by cloud-based precision farming software are data sharing, ability to access systems on a variety of devices from any location that has Internet service, optimized performance, and ease of access.

"Yield monitoring application held the biggest share of the precision farming software market in 2015"

Yield monitoring is the most widely used application in precision farming software, as this application plays a vital role in understanding the field variability and helps farmers in maximizing their yields. Soil monitoring is the main application of yield monitoring. Soil monitoring is used to detect soil parameters that are needed for an efficient yield production.

"Precision farming software market in Asia-Pac forecasted to grow at the maximal rate between 2016 and 2022"

Asia Pacific (APAC) is one of the bright prospective sectors in precision farming software. Asia-Pacific has big farmlands and a high population rise rate. Asia-Pac has a huge regional spread which comprises countries including China (CN), Japan (JP), India (IN), Australia (AU), South Korea (KR), and Rest of Asia-Pacific. Precision farming software market in Asia-Pac is in its initial stages of adoption and anticipated to grow at a double-digit rate between 2016 and 2022. Presently, the countries in the Asia-Pacific regions, specifically India, Australia (AU), China (CN), and Japan (JP) have the maximum growth rate and more important share in the precision farming software market.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main experts. The breakup of the profiles of primary members taking part is like:

- By Company category: Tier 1 - 55 %, Tier 2 - 20.0 percent, and Tier 3 -25.0 percent

- By Designation: C-suite executives - 75.0 percent and Managers - 25.0 percent

- By Geography: Americas - 40.0 percent, Europe - 30.0 percent, APAC - 20.0 percent, and rest of the world - 10.0 percent

Firms that provide a range of customized solutions to customers are anticipated to emerge as the game changers.

Segment Research

This business report includes the precision farming software market established on delivery model, application, services, and area. An in-depth study of the main industry actors has been done to furnish business insights into their business, products and services, and top strategies including new product launches, mergers and acquisitions, alliances, strategic agreements, and collaborations combined with the precision farming market.

Main highlights

The analysis would benefit the market top players or new sector entrants in these ways:

1. This document breaks down the global market comprehensively and offers the closest approximations of the global precision farming software market size and that of the sub-segments across distinct applications and localities.

2. The market research benefits partners to apprehend the pulse of the sector and offers them with info on the main drivers, market restraints, opportunities, and alternatives in the precision farming software market.

3. This industry report would benefit partners to comprehend their players better and acquire additional insights to improve their rank in the precision farming software market. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers and acquisitions in the precision farming software market.

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