Press release
Precision Farming Market to Rake In Revenues worth Over US$ 10 Bn by End of 2017-2025
Global Market for Precision Farming: Dynamics Influencing Revenue Growth
The growth of the global precision farming market is influenced by numerous factors. Machine to machine monitoring fundamentally lets devices to effortlessly connect with each other without any human interference. Therefore, increasing acceptance of M2M monitoring agricultural application is projected to gain significant traction and is prepared to power the growth of global market for precision farming in the forthcoming years. Many agricultural solution providers are focusing on introducing imaging technology sensors and drones than can assist the farmers in maximizing yield capacity and enhancing resource utilization. This development is also expected to drive the growth of the market.
However, due to expensive precision farming technology, it becomes impossible for smaller farmers in emerging economies and developed regions to afford this technology. Therefore, data aggregation and data management are the key restraints in the global market for precision farming.
Request Report Sample@ https://www.persistencemarketresearch.com/samples/3884
Taxonomy of Global Market for Precision Farming
The segmentation of global market for precision farming is done on the basis of application, components and region.
Application
Variable Rate application (VRA) & Farm Labor Management System: The segments of VRA & farm labor management systems are ready to top a CAGR of 11.9% & 12.4% respectively, in the global market for precision farming from 2017-2025.
Field Mapping & Yield Monitoring: On the basis of value, field mapping & yield monitoring segments must grow by 3x & 3.5x respectively during the period 2017-2025. It is anticipated that field mapping segment alone would help the market by reaching around US$ 4.3Bn by end 2025. Companies are advised to focus on this application.
Crop Scouting, Soil Monitoring & Weather Tracking and Forecasting: Climate change is foreseen to vividly impact global agricultural production in the times to come. As a result, the rapid utilization of precision farming equipment would play a major role in improving effectiveness and crop yield which in turn will drive the market growth.
Components
Hardware: The hardware segment is projected to hold a lion’s share in the global market for precision farming by component towards the end of the forecast period. Sensing & monitoring devices are expected to be principally significant as well as range a value of just under US$ 5.4 Bn by the end of 2025.
Farm Management Software (FMS): Currently, the precision farming software of on-premise is greater than the precision farming software of cloud-based and is predicted to hold a slender lead in the forecast period. However, the upsurge of IOT & significance of the cloud will propagate by leaps & bounds in the 21st century. The main stakeholders in the market for precision farming are expected to focus on cloud-based precision farming.
Service: Although maintenance and consulting services are lesser than the integrations and installation services in the market for precision farming, they are anticipated to observe greater CAGR in the course of the forecast period. The segment of maintenance service is prepared to be valued at nearly US$ 1.7Bn by the end of 2025 whereas, the consulting services are projected to be valued under US$ 1.2Bn in the similar year.
Region
The market for precision farming in North America is anticipated to be worth approximately US$ 7.8Bn by end 2025. This makes North America’s precision farming market larger than Middle East and Africa, Latin America, Asia Pacific and Europe market. North America’s market share is expected to be nearly 45% by then, in the global market for precision farming.
Visit For TOC@ https://www.persistencemarketresearch.com/methodology/3884
Competition Control panel of Global Market for Precision Farming
The extensive research report on the global market for precision farming covers analysis on the major companies active in the global market for precision farming. Key companies such as Ag Leader Technology, Agribotix LLC, SST Development Group, DICKEY-john, senseFly, PrecisionHawk, Topcon Corporation, Iteris, Trimble, Deere & Company, CNH Industrial N.V., Raven Industries Inc., and AgJunction are profiled in this research report.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Precision Farming Market to Rake In Revenues worth Over US$ 10 Bn by End of 2017-2025 here
News-ID: 1360462 • Views: …
More Releases from Persistence Market Research (PMR)
Virtual Desktop Infrastructure Market Unit Sales to Witness heightened Growth in …
As per findings of a new market research report by Persistence Market Research, the global virtual desktop infrastructure market reached a valuation of nearly US$ 3.5 Bn in 2019, and is anticipated to exhibit a CAGR of around 12% during the forecast period of 2020 to 2030.The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers…
Physician Scheduling Systems Market to Generate Profitable Avenues for Existing …
As per findings of a new market research report by Persistence Market Research, the global physician scheduling system market reached US$ 311 Mn in 2019 and is anticipated to exhibit a healthy CAGR of 14% during the forecast period of 2020 to 2030. Adoption of physician scheduling systems is increasing across the world, as physicians encounter difficulties with increasing administrative tasks and regulations, which affects their ability to offer patient care, and they struggle to sustain their practices. To combat administrative work…
Demand for Rfid Electronic Toll Collection System Market from Major End-use Sect …
Many toll collection systems have already been developed with RFID technology, which is used to verify the identity of vehicles. RFID technology can provide new capabilities as well as an efficient method to manage, analyze, and collect information of vehicles at toll plazas. RFID electronic toll collection lanes reduce the traffic at toll booths. Increasing number of RFID lane systems, resulting in increased demand for integration, support services, and maintenance,…
Smart Home Cloud Platform Market Unit Sales to Witness heightened Growth in the …
In a smart home, appliances such as ACs, TVs, geysers, and lights have the potential to communicate with a cloud server. The cloud server communicates with these smart devices by sending and receiving signals through smartphones, laptops, or voice-enabled digital assistant devices.A homeowner can make his/her existing home smart by integrating cloud-based technology with it. Cloud computing enables homeowners to remotely access their home appliances, even if they are miles…
More Releases for Precision
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories.
Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment.
https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/
Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/
7th Floor Mulliner Towers,
39 Alfred Rewane Road,
Ikoyi
Lagos, Nigeria.
Direct Expansion Precision Air Conditioner
from 6 to…
Precision Casting Market In-deep Analysis and Experts Review Report 2020 to 2026 …
The global Precision Casting Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Precision Casting market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2026.
The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current…
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period
Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input…
Precision Medicine Market
Precision medicine is an approach of treatment that has been derived on the basis of individual variability in environment, genes and lifestyle of each person. This novel approach assists medical practitioners and researchers to understand various treatment needs in order to prevent specific diseases. It allows for highly precise targeting of medication for treatment of various diseases, which is expected to lead to high adoption by medical practitioners and researchers.…
Global Precision Farming Market 2017 : Cropmetrics, Agjunction, Trimble, Precisi …
A market study based on the "Precision Farming Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Precision Farming Market 2017’. The research report analyses the historical as well as present performance of the worldwide Precision Farming industry, and makes predictions on the future status of Precision Farming market on the basis of this analysis.
Get Free Sample Copy of Report Here :
http://bit.ly/2q8CiX3
Top Manufacturers…
Precision Glass & Optics Provides Precision Cutting/Scribing on Thin Flat Glass
Precision Glass & Optics (PG&O® - pgo.com), global experts in optical manufacturing, glass fabrication, and precision thin film coatings, offers precision glass cutting and scribing on thin flat substrates up to 24” x 24” (600 mm x 600 mm). Utilizing equipment from TLC International (Phoenix, AZ – www.tlcinternational.com), manufacturers of high-accuracy mechanical glass cutting/scribing equipment, PG&O uses the Gen-3 TLC Phoenix-600® machines to provide highly technical, precision cuts on glass…
