Soil Monitoring Market Set to Reach USD 1,088 Million by 2027

The global soil monitoring market is poised for substantial growth, projected to soar from USD 551 million in 2022 to an impressive USD 1,088 million by 2027, reflecting a robust CAGR of 14.6%. This anticipated expansion is detailed in the comprehensive research report titled "Soil Monitoring Market by Offering (Hardware, Software, Services), System Type (Sensing & Imagery, Ground-based Sensing, Robotic & Telematics), Application (Agricultural, Non-agricultural) and Region - Global Forecast to 2027" recently published by MarketsandMarkets.

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With 209 market data tables, 64 figures, and an extensive in-depth table of contents spanning 237 pages, this report delves into the dynamic landscape of the soil monitoring market, exploring various facets such as offerings, system types, applications, and regional trends.

Key Drivers of Growth:

- The remarkable surge in the global soil monitoring market can be attributed to several factors, including:

- Government and corporate initiatives aimed at promoting sustainable agricultural practices.

- Increasing awareness about the imperative to preserve soil quality.

- Stringent regulatory frameworks emphasizing ecological stability.

- Rising demand for enhancing farm productivity to meet the needs of a growing population.

Dominant Trends and Projections:

Ground-based monitoring systems are expected to dominate the market share during the forecast period, fueled by the widespread adoption of soil monitoring sensors among forward-thinking farmers globally. This segment's prominence is further bolstered by its accessibility, as it does not necessitate extensive technical expertise.

Moreover, the software segment is anticipated to witness the highest CAGR during the forecast period. These software solutions play a pivotal role in data management and in-field mobility, empowering farmers with valuable insights into soil health and farm operations, thereby optimizing yields and boosting productivity.

Non-agricultural applications are forecasted to experience rapid growth, driven by the adoption of portable devices and soil scanners for purposes such as weather forecasting, flood and drought management, sports turf management, landscaping, and ground care.

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Regional Outlook:

The Americas are poised to retain the largest share of the soil monitoring market from 2022 to 2027. This dominance is attributed to the widespread deployment of ground-based monitoring systems and the increasing popularity of sensing and imagery systems, particularly in the United States and Canada. Moreover, South American countries like Brazil and Argentina boast vast expanses of farmland, where governmental initiatives promoting digital and sustainable agriculture are yielding substantial returns.

Key Players:

The report profiles key players shaping the soil monitoring market, including Stevens Water Monitoring Systems (US), SGS Group (Switzerland), METER Group (US), Element Material Technology (UK), The Toro Company (US), Campbell Scientific (US), Sentek Technologies (Australia), Spectrum Technologies (US), Irrometer (US), and CropX Technologies (Israel).

In conclusion, the soil monitoring market is on a trajectory of significant expansion, fueled by technological advancements, regulatory imperatives, and the imperative to foster sustainable agricultural practices. As stakeholders continue to innovate and collaborate, the future promises a landscape where soil health and productivity are optimized to meet the challenges of tomorrow.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/soil-moisture-sensor-market-140653896.html

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This release was published on openPR.