Soil Monitoring System Market Size to Exhibit A CAGR Of 6.7% by 2027 | Industry Trends, Future Insights, Key Players and Dynamics

Global soil monitoring system market was pegged at $529.2 million by 2027, and is projected to reach $853.4 million by 2027, growing at a CAGR of 6.7% from 2020 to 2027.

Increase in popularity of precision agriculture and fertility management services, surge in demand for improving farm productivity to feed extensively growing population, rise in government investments in agriculture R&D, and advent of technologically advanced soil monitoring systems at affordable prices have boosted the growth of the global soil monitoring systems market. However, lack of technical skills and awareness regarding soil monitoring hamper the market growth. On the contrary, increase in adoption of soil monitoring in developing countries and advancements in technologies such as IoT and data analytics are expected to open lucrative opportunities for the market players in the future.

The latest survey on Global Soil monitoring system market is conducted covering various organizations of the industry from different geographies to come up with 200+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Soil monitoring system market. The report bridges the historical data from 2014 to 2021 and forecasted till 2027, product outline, the organization’s required raw materials, and others growth factors.

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Soil monitoring system market Competitive Analysis:

The key players that have major global soil monitoring system market share include Campbell Scientific, CropX Technologies, Earth Observing System, Element Material Technology, Manx Technology Group, METER Group, Inc., SGS Group, Spectrum Technologies, Stevens Water Monitoring Systems Inc., and The Toro Company, which are profiled in this report. The global soil monitoring industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the soil monitoring system market growth.

Covid-19 Impact on the Global Soil monitoring system market:

Soil monitoring system market Research Report provides an overview of the industry based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2021-2027). This report covers the impact of the latest COVID-19 on the market. The coronavirus pandemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.

Covid-19 scenario:

The Covid-19 outbreak has hampered R&D activities in the electronics and semiconductor industry. Moreover, the shortage of raw materials and components due to disruption in the supply chain has negatively affected the production capacity of sensor manufacturers.
Reduction in purchase capability among consumers due to the uncertain economy has drastically affected the manufacturing of IoT devices.
However, the soil monitoring system market is expected to get back on track by early 2021 as the demand for installation of IoT devices across agricultural farms has been slowly increasing.

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Soil monitoring system market Segmentation:

The global soil monitoring system market is segmented on the basis of component, connectivity, application, and region. On the basis of component, the market is classified into hardware, software, and service. By connectivity, the market is bifurcated into wired and wireless. On the basis of application, it is divided into agriculture, archaeology, research, and construction & mining. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Soil monitoring system market Regional Analysis:

The global soil monitoring system market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2019, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is estimated to portray the highest CAGR of 7.8% during the forecast period.

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

Key Findings Of The Study

By component, the hardware segment held the highest revenue of $356.3 million in 2019, and contributed a major part in soil monitoring system market share.
By connectivity, the wired segment held the highest revenue of $309.3 million in 2019.
By application, the agriculture segment held the highest revenue share of the market in 2019, generating $249.1 million as per the soil monitoring system market analysis.
By region, Asia-Pacific is expected to dominate the market, garnering a major share during the forecast period.

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KEY QUESTIONS ANSWERED IN THE REPORT:

Q1. At what CAGR, the Global Soil monitoring system market will expand from 2021 - 2027?

Q2. What will be the revenue of Global industry by the end of 2027?

Q3. How can I get sample report of Soil monitoring system market?

Q4. Which are the factors that drives global industry Growth?

Q5. Who are the leading players in Soil monitoring system market?

Q6. How can I get company profiles of top ten players of Global Market?

Q7. What are the segments of Soil monitoring system market?

Q8. What are the key growth strategies of Soil monitoring system market Players?

Q9. By Application, which segment is expected to exhibit the highest CAGR during 2021 - 2027?

Q10. By Region, which segment holds a dominant position in 2020 and would maintain the lead over the forecast period?

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