Precision Farming Market Reviewed For 2022 With Industry Outlook To 2028

Precision Business Insights published a research report on “Precision Farming Market: By Offerings (By Hardware (Automation & Control Devices, Sensing Devices, and Antennas/Access Points)), (By Software (Cloud-Based and Web-Based)), (By Services (System Integration & Consulting, Maintenance Support, Managed Services, Assisted Professional Services)), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labour Management) - Global/Region/Country Forecast to 2028”.

Agriculture is a vital and significant sector of the global economy, and it has evolved significantly through time. The use of technologies in agriculture has expanded tremendously in the last several decades. As they have been shown to boost yield, smart farming and advanced agricultural technologies have experienced widespread acceptance across many regions. Precision agriculture, or Precision ag, is another term for precision farming. When it comes to cultivating crops and livestock, precision farming makes the process more precise and controlled. The utilisation of information technology, such as control systems, GPS navigation, robots, autonomous vehicles, detectors, drones, variable rate technologies, GPS-based soil sampling, telematics, automated hardware, and software, is a major component of modern farming.

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The Precision Farming Market is growing due to the advent of technologies such as GPS, IoT, and remote sensor applications in farming. Precision farming provides real-time data about environment temperature and weather, and IoT helps farmers address a wide range of challenges involved in efficient farming, such as crop monitoring, weather forecasting, and IoT helps farmers address a wide range of challenges involved in doing efficient farming, such as crop monitoring, weather forecasting, and IoT helps farmers address a wide range of challenges involved in doing efficient farming. As a result, the increased usage of Precision Farming in weather forecasting is propelling the Precision Farming Market forward. Precision farming also offers information on the water content of the soil, allowing farmers to make better judgments about harvesting time. It also includes information about cop market rates and soil management. As a result, all of these factors are moving the Precision Farming Market forward. Additionally, technological advancements and increasing investment in technologies such as driverless tractors, GPS sensors, and guiding systems are all contributing to the expanding Precision Farming Market. With the use of sensors, Precision Farming also helps to achieve a high yield with reduced wastage. However, the lack of awareness about Precision Farming among farmers, as well as the high costs related to technological installation, are expected to limit the Precision Farming Market's growth. In addition, the absence of technology-based equipment and experienced labour in emerging countries are impeding the expansion of the Precision Farming Market.

The market is divided into three categories based on the offerings: hardware, software, and services. Due to the deployment of automation, control devices-drones or UAVs, irrigation controllers, yield tracking, GPS/GNSS, and sensors, the hardware segment is likely to retain the highest share in the Precision Farming Market. Based on Technology, the market is categorized into Guidance Technology, Variable-Rate Technology and Remote Sensing. Based on Application, the market is segregated into Crop Scouting, Yield Monitoring, Variable Rate Application, Field Mapping, Weather Tracking & Forecasting, Farm Labor Management, Financial Management, Inventory Management, and Others.

The Precision Farming industry is projected to be dominated by North America. Increased adoption of advanced farming systems and equipment such as sensors, display devices, and farm management software is propelling the development of the Precision Farming market across the globe. Countries such as the United States and Canada in the region are early adopters of Precision Farming technologies.

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Some of the major key players in the Precision Farming Market are Ag Leader Technology (U.S.) AgJunction, Inc. (U.S.) CropMetrics LLC (U.S.) Trimble, Inc. (U.S.) AGCO Corporation (U.S.) Raven Industries, Inc. (U.S.) Deere & Company (U.S.) Precision Planting (U.S.) Decisive Farming (Canada) Gamaya (Switzerland)

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This release was published on openPR.