GIS Software in Agriculture Market Anticipated to Reach $2.57 Billion by 2024, According to BIS Research Report

According to a new market intelligence report by BIS Research titled ‘Global GIS Software in Agriculture Market - Analysis and Forecast, 2018-2024,’ the GIS software in agriculture market is expected to reach $2.57 billion by 2024, increasing at a CAGR of 10.41% from 2019 to 2024. Market growth is largely attributed to the adoption of GIS software that is offered under on-cloud software solutions.

Read GIS Software in Agriculture Market Report Overview at: https://bisresearch.com/industry-report/gis-software-agriculture-market.html

According to the United Nations (UN), the world population, which stood at 7.7 billion people, is expected to reach 9.8 billion by 2050, pressurizing the food and agriculture value chain to achieve increased yield levels year by year to meet the global food demand. With limited and constantly depleting natural resources and reducing arable land due to global urbanization, the need to optimize farm resources in order to produce agricultural commodities optimally is rising by the day. Government across nations globally are actively indulging in developing efficient farm management practices to assist the farming sector in achieving the goal of food self-sufficiency.

The decreasing employment in agriculture also poses a major threat in the agricultural sector since traditionally farming practices have been manually driven. As of 2019, globally only 28.10% of total people employed were employed in the agricultural sector. The number has fallen drastically from 40.06% recorded in 2000. This has alarmed the stakeholders in agriculture to devise new ways of farming and to replace manual intervention in monitoring farm activities. To meet the global food demand, the pressure of providing continuous supply of quality farm produce at increasing amounts is becoming a cause of concern for farmers across the world.

Some of the most prominent players in the GIS software in agriculture market are ESRI, Trimble Inc., Topcon Corporation, Hexagon AB, Pix4D, Autodesk, Inc., and Oracle Corporation. The result of the emerging strategies and developments are leading to market growth in the form of business expansions, partnerships, collaborations, and joint ventures. Moreover, the growing market of GIS software in agriculture is further expected to increase the involvement of companies across different segments of the value chain, such as service providers and research institutes.

Majority of the companies preferred launching their product to new regions and enhancing their existing product portfolio, such as Asia-Pacific Japan and Middle East Africa, with the relatively less adoptive strategies comprising partnering and collaborating with equipment manufacturers or research institutes in the agricultural sector. Mergers and acquisitions across the value chain of the GIS software in agriculture industry presented a major strategic move made by a large number of companies since 2017. For instance, in October 2017, Hexagon AB acquired Luciad, a GIS solution company, to provide analysis solutions and 5D visualization in GIS software.

Obtain the Sample Report for GIS Software in Agriculture Market at: https://bisresearch.com/requestsample?id=828&type=download

This report is a meticulous compilation of research on more than 100 players in the GIS software in agriculture market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 40 leading companies, market participants, and vendors. The report also profiles 15 leading companies across the GIS software in agriculture industry supply chain. Key profiles include are ESRI, Trimble Inc., Topcon Corporation, Hexagon AB, and Autodesk Inc., among others.

Key questions answered in the report:

• What is the expected global GIS software in agriculture market size in terms of value during the period 2018-2024?

• What is the expected future scenario and revenue generated by the different types of solutions such as on-premise and on-cloud software, for GIS software in agriculture?

• What is the expected future scenario and revenue generated by the GIS software in agriculture for different applications in farming including crop monitoring, soil analysis, and irrigation monitoring, among others?

• Which geographical region is the largest market for global GIS software in agriculture market?

• What is the expected future scenario and the revenue generated by different geographical regions and countries such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan in the global GIS software in agriculture market?

• What is the expected future scenario and revenue generated by different applications of GIS software in agriculture in different regions such as North America, South America, the U.K., Europe, Middle East Africa, China, and Asia-Pacific Japan?

• What is the competitive strength of the key players in the GIS software in agriculture on the basis of the analysis of their recent developments, product offerings, and regional presence?

• What are the emerging trends in global GIS software in agriculture market?

• How is the adoption scenario, related opportunities and challenges associated with GIS software in agriculture?

• What are the market dynamics of the global GIS software in agriculture market including market drivers, restraints, and opportunities?

• What will be the major market driving trends for GIS software in agriculture in terms of business model, market consolidation, and new product offerings?

Related Reports:

Global Precision Agriculture Market, Analysis & Forecast (2018–2025): https://bisresearch.com/industry-report/precision-agriculture-market.html

Global Smart Farming Market, Analysis and Forecast (2018-2022): https://bisresearch.com/industry-report/global-smart-farming-market.html

Global IoT in Agriculture Market, Analysis and Forecast (2018-2023): https://bisresearch.com/industry-report/iot-in-agriculture-market.html

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This release was published on openPR.