Precision Agriculture Market Competitive landscape Analysis 2023
Precision Agriculture Market was worth USD 4.83 billion in 2018 and is estimated to be growing at a rate of 14.7%, to reach USD 9.59 billion by 2023.
(EMAILWIRE.COM, September 27, 2018 ) Overview:
In the year 2018, Global Precision Agriculture Market was valued at USD 4.83 Billion. By the year 2023, it is expected to reach USD 9.59 Billion at pace of 14.7% CAGR.
Precision agriculture is also known as satellite agriculture or site-specific crop management (SSCM) which is an advanced farming technique that is used by different types of technologies like GIS, GPS, and remote sensing. These technologies help to collect information and further the data is analyzed to take better decisions in the crop fertilizing, planting, and harvesting. The remote sensing technique is used in the entire agricultural land to measure the nutrition level, humidity of the soil, and temperature. Precision agriculture benefits by minimizing material and labor cost and increases the production with help of automation processes.
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Underlying Causes
The growth for Precision Agriculture market is driven due to factors like rising awareness of Precision farming across the globe, increasing improvement in data management in farming, growing use of cloud-based technology, increasing usage of smart phones globally, rising application of technology in farming to reduce human efforts and losses. In addition, rising focus to increase food production, government incentives and subsidies to increase the productivity, changing climatic conditions, increasing demand for precision agriculture, rapid urbanization, and introduction of advanced navigation systems are expected to drive the growth rate for Global Precision agriculture market. However, lack of awareness about benefits of precision agriculture among farmers, lack of skilled professionals, and high cost of equipments are the major restraining factors for Global precision agriculture market.
To know more read: https://www.marketdataforecast.com/market-reports/precision-agriculture-market-3648/
Geographic Segmentation:
Based on geography the Precision Agriculture market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global precision farming market followed by Europe due to growing adoption of technology in farming and increasing demand for Cloud based software are the driving factors in this regions. Asia-Pacific regions like India, China and Japan are expected to witness high growth rate for precision farming market during the forecast period.
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Key Players:
Leading companies for Global Precision Agriculture market are AJ Junction, Inc. (U.S.), Monsanto Company, AgSmarts Inc., CropMetrics LLC, Dickey-John Corporation, Deere & Company (U.S.), Trimble, Inc. (U.S.), and Leica Geosystems (Switzerland).
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
In the year 2018, Global Precision Agriculture Market was valued at USD 4.83 Billion. By the year 2023, it is expected to reach USD 9.59 Billion at pace of 14.7% CAGR.
Precision agriculture is also known as satellite agriculture or site-specific crop management (SSCM) which is an advanced farming technique that is used by different types of technologies like GIS, GPS, and remote sensing. These technologies help to collect information and further the data is analyzed to take better decisions in the crop fertilizing, planting, and harvesting. The remote sensing technique is used in the entire agricultural land to measure the nutrition level, humidity of the soil, and temperature. Precision agriculture benefits by minimizing material and labor cost and increases the production with help of automation processes.
View sample and decide: https://www.marketdataforecast.com/market-reports/precision-agriculture-market-3648/request-sample
Underlying Causes
The growth for Precision Agriculture market is driven due to factors like rising awareness of Precision farming across the globe, increasing improvement in data management in farming, growing use of cloud-based technology, increasing usage of smart phones globally, rising application of technology in farming to reduce human efforts and losses. In addition, rising focus to increase food production, government incentives and subsidies to increase the productivity, changing climatic conditions, increasing demand for precision agriculture, rapid urbanization, and introduction of advanced navigation systems are expected to drive the growth rate for Global Precision agriculture market. However, lack of awareness about benefits of precision agriculture among farmers, lack of skilled professionals, and high cost of equipments are the major restraining factors for Global precision agriculture market.
To know more read: https://www.marketdataforecast.com/market-reports/precision-agriculture-market-3648/
Geographic Segmentation:
Based on geography the Precision Agriculture market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global precision farming market followed by Europe due to growing adoption of technology in farming and increasing demand for Cloud based software are the driving factors in this regions. Asia-Pacific regions like India, China and Japan are expected to witness high growth rate for precision farming market during the forecast period.
Get your customized report: https://www.marketdataforecast.com/market-reports/precision-agriculture-market-3648/customize-report
Key Players:
Leading companies for Global Precision Agriculture market are AJ Junction, Inc. (U.S.), Monsanto Company, AgSmarts Inc., CropMetrics LLC, Dickey-John Corporation, Deere & Company (U.S.), Trimble, Inc. (U.S.), and Leica Geosystems (Switzerland).
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results