Precision Farming Market Increasing at A Phenomenal Pace to Reach $26.71 Billion By 2032

Major companies in Construction Sealant Market are AgJunction, Inc., Ag Leader Technology, Trimble, Inc., CropMetrics LLC, Raven Industries Inc., AGCO Corporation, Deere and Company, Topcon Corporation, among others. These players are set to bolster the development of global Precision Farming market.

Zion Market Research has published a report on the global Precision Farming Market, estimating its value at USD 10.79 Billion in 2023, with projections indicating that it will reach USD 26.71 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 10.6% over the forecast period 2024-2032.

This review is based on a report by Zion Market Research, titled “Precision Farming Market By Offering (Hardware, Software, and Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, and Farm Labor Management): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2032.”

Growing demand and introduction of advanced technologies To Spur Growth

Precision agriculture is promptly acquiring popularity owing to the growing demand of optimum production among farmers with the given resources. Furthermore, changing weather patterns owing to rising global warming have entailed the adoption of technologies which are advanced to improve the crop yield and productivity. By offering technologies like weather forecasting, real-time farm monitoring, optimal field requirements, among others, precision agriculture helps farmers to grow the yield with minimum wastage and human efforts.

Additionally, this technology helps farmers to handle their resources and access information which is real time through their smartphones, hence, offering higher ease of operation and mobility. However, primary restraints of this market are lack of awareness about the benefits and affordability of the technology of precision agriculture among farmers, especially in the emerging countries.

Presence of big players to Support North America Dominance

North America held the largest share because the region is an early adopter of technologies. Factors like rising government actions for adoption of developed infrastructure and contemporary agriculture technologies have contributed to the huge revenue of the region wise market.

Asia Pacific is anticipated to grow owing to several government actions are being initiated in emerging countries such as Sri Lanka, India, and Nigeria to stimulate the implementation of contemporary precision farming technologies, through maximizing productivity. Moreover, an efficient administrative framework is enabling farmers to increase adequate knowledge of the maintenance and proper use of precision farming equipment.

Browse the full “Precision Farming Market By Offering (Hardware, Software, and Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, and Farm Labor Management): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2032.” Report at https://www.zionmarketresearch.com/report/precision-farming-market

The Precision Farming market is segmented as follows:

By Offering

• Hardware
• Software
• Services

By Application

• Yield Monitoring
• Field Mapping
• Crop Scouting
• Weather Tracking & Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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