Soil Monitoring System Market will project a compound annual growth rate (CAGR) of 6.80%, Industry Trends, size, share, market insights 

Data Bridge Market Research analyses that the soil monitoring system market will project a compound annual growth rate (CAGR) of 6.80% during the forecast period of 2021-2028. Growing demand to control various crop related diseases, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, concerted efforts of governments and companies to promote sustainable agriculture practices, rising integration of advanced technology with the agricultural equipment and increasing industry competitiveness are the major factors attributable to the growth of soil monitoring system market. This means that the soil monitoring system market value, which was USD 0.7 billion in 2020 will climb up to USD 1.18 billion by the year 2028.

From the name itself, it is clear that soil monitoring system is a system that is used to determine various soil conditions in regards to its consistency, constituents, and physical condition, to assess or ensure its suitability for use.

Growing focus towards preserving the soil quality, rising production of cereals and food grains, and increased focus on the research and development proficiencies in regards to understanding the soil conditions will emerge as the major factors fostering the growth of the market. Also, growing demand for effective and efficient crop protection tools to improve the crop productivity coupled with stringent government regulation regarding ecological stability is another important factor fostering the growth of the market. Growth in the demand for fruit and vegetable food  items, ever-rising global population and rising integration of new technologies such as internet of things and analytics in soil monitoring will further create lucrative and remunerative growth opportunities for the market.

However, high cost associated with soil monitoring sensors is a major factor that will pose a major challenge to the growth of the market. Also, complexities and difficulties in monitoring due to spatial variability of soil and lack of awareness and technical skills pertaining to soil monitoring especially in the underdeveloped economies will further slowdown the market growth rate.

View DEtailed Analysis Report@ https://www.databridgemarketresearch.com/reports/global-soil-monitoring-system-market

GLOBAL SOIL MONITORING SYSTEM MARKET SCOPE AND MARKET SIZE

The global soil monitoring system market is segmented on the basis of component, connectivity and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Based on the component, the soil monitoring system market is segmented into hardware, software and services. Hardware has further been segmented into sensors, smart imaging systems, data loggers and telemetry systems, portable soil scanners and others. Sensors have further been sub-segmented into volumetric soil moisture sensors, soil water potential sensors and others. Volumetric soil moisture sensors are further divided into neutron probes, capacitance sensors and time-domain transsiometry sensors. Soil water potential sensors are further divided into tensiometers, gypsum blocks and granular matrix sensors. Others are further divided into temperature sensors, PH sensors, nutrient sensors, climate sensors and salinity sensors. Software has further been segmented into cloud and on-premises. Services have further been segmented into managed services, connectivity services and assisted professional services. Managed services are further sub-segmented into farm operation services, data services and analytics services. Assisted professional services are further sub-segmented into supply chain management services and climate information services.

The soil monitoring system market is also segmented on the basis of connectivity into wired and wireless.

The soil monitoring system market is segmented on the basis of end use into farming use and non- farming use.

Major Players:

The major players covered in the soil monitoring system market report are Stevens Water Monitoring Systems Inc., SGS SA, METER Group, Inc. USA, Element Materials Technology, The Toro Company, Campbell Scientific, Inc., Sentek, Spectrum Technologies, Inc., Irrometer Company, Inc., CropX inc., Acclima, Inc., AquaCheck, Caipos GmbH, Manx Technology Group, Delta-T Devices Ltd., IMKO Micromodultechnik GmbH, Vegetronix, AquaSpy, Soil Scout Oy, and E.S.I. Environmental Sensors, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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