Global Precision Agriculture market is expected to grow at a CAGR of 13% during 2021-2026

The growth of the market is attributed to the high demand for agricultural products due to rapid population growth and significant cost-cutting achieved by the implementation of smart farming techniques. However, low technological knowledge among the farmers and requirement of heavy investment at the initial stage is the biggest challenge that could restrain the growth of the market.

According to the MarkNtel Advisors’ research report, “Global Precision Agriculture Market Analysis, 2021”, the market is expected to grow at a CAGR of 13% during 2021-2026.

Get a sample copy of the market research: https://www.marknteladvisors.com/query/request-sample/global-precision-agriculture-market.html

Key questions answered in the study
1. What are the current and future trends in Global Precision Agriculture market?
2. How the industry has been evolving in terms of geography and services adoption?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for Global Precision Agriculture market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Precision Agriculture market service provider across various regions?

Variable Rate Technology (VRT) Exhibits Fastest Growth

Based on Technology, the Variable Rate Technology (VRT) segment witness the fastest growth rate in the Global Precision Agriculture market during 2021-26. Variable Rate Technology (VRT) allows various farm inputs such as fertilizers, chemicals, irrigation water, etc. to be applied at different rates across the field to achieve site-specific management. Thus, helps in reducing the environmental impacts such as soil erosion and degradation. Along with this. use of the Variable Rate Technology minimizes the input waste and increases crop productivity.

“Global Precision Agriculture Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting market growth, hotspots and opportunities available for Precision Agriculture providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

For detailed analysis, visit: https://www.marknteladvisors.com/research-library/global-precision-agriculture-market.html

Weather Tracking Shows the Substantial Growth
The shift in the pattern of climate change due to global warming has increased the demand for weather tracking and forecasting to improve decision-making and protect the crop from damage. Further, the development of a cloud platform for climate service is expected to provide a lucrative opportunity for the growth of the global Precision Agriculture market in the forecast period as revealed by MarkNtel Advisors’ research report “Global Precision Agriculture Market Analysis, 2021”.
According to MarkNtel Advisors, the major leading players in the global Precision Agriculture market are Deere & Company, CropMetrics LLC, Trimble Navigation Limited, Ag Leader Technology, AgJunction, Inc., AgEagle Aerial Systems Inc. (Agribotix LLC), DICKEY-john Corporation, Farmers Edge Inc., Grownetics, Inc., Granular, Inc., etc.

Market Segmentation:
1. By Offering (Hardware, Software, Services)
2. By Application (Yield Monitoring, Field Mapping, Crop Scouting, Variable Rate Application, Soil Monitoring, Weather Tracking)
3. By Technology (Guidance System, Variable Rate Technology (VRT), Remote Sensing)
4. By Region (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
5. By Country (US, Canada, Mexico, Brazil, Argentina, UK, Italy, Germany, France, Russia, Spain, Saudi-Arabia, South-Africa, China, India, Japan, South-Korea, Australia)
6. By Competitors (Deere & Company, CropMetrics LLC, Trimble Navigation Limited, Ag Leader Technology, AgJunction, Inc., AgEagle Aerial Systems Inc. (Agribotix LLC), DICKEY-john Corporation, Farmers Edge Inc., Grownetics, Inc., Granular, Inc.)

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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This release was published on openPR.