Ground Insights: Soil Monitoring Market Poised to Reach $1.1 Billion by 2030

Meticulous Research®, a prominent global market research company, has unveiled its latest research report titled 'Soil Monitoring Market by Offering (Software, Hardware, Services), System Type (Sensing & Imagery, Ground-based Monitoring System, Other System Types), Sector (Agriculture, Non-Agriculture), and Geography - Global Forecast to 2030.' According to the report, the soil monitoring market is poised to achieve a valuation of $1.1 billion by 2030, showcasing a robust CAGR of 10.3% from 2023 to 2030.

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The growth trajectory of the soil monitoring market is propelled by several factors, including the escalating need to preserve soil quality, the increasing demand for enhanced farm productivity, and the rising adoption of advanced agricultural techniques. Despite these growth drivers, challenges such as the spatial variability of soil pose restraints to market expansion. Nevertheless, the integration of advanced technologies for smart agriculture, along with rising government investments in agricultural practices, are anticipated to create lucrative opportunities within the market.

The soil monitoring market is segmented based on offering (software, hardware, services), system type (sensing & imagery, ground-based monitoring system, other system types), and sector (agriculture, non-agriculture). Notably, the hardware segment is expected to dominate the market owing to the surging penetration of soil sensors, scanners, and weather stations for monitoring soil quality and the increasing emphasis on hardware-centric capabilities.

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In terms of geography, North America is projected to lead the soil monitoring market, attributed to the presence of prominent players offering advanced solutions and growing government investments in agricultural practices. However, Asia-Pacific is set to witness the fastest growth rate during the forecast period, driven by the rising awareness among farmers and the adoption of soil monitoring in emerging countries like India and Japan.

Key players in the soil monitoring market include Stevens Water Monitoring Systems Inc., SGS SA, METER Group, Inc., Element Materials Technology, The Toro Company, Campbell Scientific, Inc., Sentek Pty Ltd, and Spectrum Technologies, Inc., among others.

This comprehensive report from Meticulous Research® provides invaluable insights into the soil monitoring market, offering a detailed analysis of industry competitors and regional market dynamics.

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This release was published on openPR.