Meticulous Research® Unveils Projections: Geographic Information Systems Market in Agriculture to Surpass $4.6 Billion by 2030

[Redding, California , 26-02-2024] - Meticulous Research®, a leading provider of market intelligence and advisory services, presents an exclusive report titled "Geographic Information Systems Market in Agriculture by Offering, Application, Sub-sector-Global Forecast to 2030," revealing a promising outlook for the geographic information systems (GIS) market in agriculture, with an anticipated value exceeding $4.6 billion by 2030. The forecast period from 2023 to 2030 is poised to witness a remarkable Compound Annual Growth Rate (CAGR) of 12.9%.

Driving Insights:
GIS, a pivotal software solution for visualizing geographic data and facilitating spatial analysis, is revolutionizing agricultural practices worldwide. This technology aids in mapping, organizing, and analyzing field data, enabling remote monitoring of crops and livestock. Leveraging GIS data, stakeholders in agriculture can discern trends, implement change detection, assess damage, and enhance production efficiency across various sub-sectors, including crop farming, forestry, livestock management, and fishery.

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Precision Agriculture Revolution:
The advent of precision farming has propelled the adoption of GIS in agriculture, facilitating data-driven decision-making processes. With its myriad benefits in data management, including heightened production, reduced input costs, and streamlined land management, GIS has become indispensable in the quest for agricultural optimization. Moreover, GIS plays a vital role in gathering essential data on factors such as water availability, soil conditions, irrigation control, weather patterns, crop health monitoring, and yield prediction.

Market Dynamics:
In-depth analysis conducted in this market study elucidates the dynamics shaping the future of GIS in agriculture. Key factors driving market growth include the burgeoning demand for precision farming to augment productivity, mitigate costs, and enhance food quality. Despite these favorable trends, challenges such as the complex development and implementation process of GIS solutions pose temporary hurdles to market expansion.

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Market Segmentation:
The report delves into comprehensive market segmentation, dissecting offerings, applications, sub-sectors, and geographic regions to provide actionable insights. Notably, the solutions segment is poised to dominate the market, driven by escalating demand for GIS software solutions facilitating advanced data analysis and imaging processing in agriculture.

Regional Outlook:
In 2023, Asia-Pacific is anticipated to emerge as the dominant force in the global GIS market in agriculture, fueled by increasing demand for mapping solutions across the agricultural landscape and robust government initiatives promoting the adoption of spatial intelligence technologies for precision farming.

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Key Players:
Leading stakeholders shaping the GIS market in agriculture include Hexagon AB, Trimble Inc., Autodesk, Inc., Pitney Bowes Inc., Topcon Corporation, Hi-Target Surveying Instrument Co. Ltd., Cadcorp Limited, SuperMap Software Co., Ltd., L3Harris Technologies, Inc., EOS Data Analytics, Inc., Caliper Corporation, Precisely, Takor Group Ltd., Esri, and Bentley Systems, Incorporated.

Scope of the Report:
The report offers a comprehensive assessment of the GIS market in agriculture, covering offerings, applications, sub-sectors, and geographic regions, providing stakeholders with valuable insights to navigate the evolving landscape effectively.

Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455

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This release was published on openPR.