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Meticulous Research® Forecasts Geographic Information Systems Market in Agriculture to Reach $4.6 Billion by 2030
Meticulous Research®, a renowned global market research and consulting firm, has released its latest industry report titled, "Geographic Information Systems Market in Agriculture by Offering, Application (Soil & Agricultural Mapping, Crop Monitoring, Yield Prediction, Livestock Monitoring), Sub-sector (Crop Farming, Forestry, Livestock) - Global Forecast to 2030."Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5539
According to the report, the global geographic information systems (GIS) market in the agriculture sector is projected to soar to $4.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.9% over the forecast period. This growth is largely attributed to the escalating demand for advanced crop mapping solutions amid rising climatic changes, growing concerns over food quality, and robust government initiatives aimed at enhancing agricultural productivity.
Market Dynamics: Key Drivers and Challenges
The report identifies several key factors driving the expansion of GIS in agriculture. The increasing reliance on crop mapping solutions, driven by the need to adapt to climatic variability, is a significant growth driver. Additionally, heightened awareness regarding food quality and the proactive role of governments in modernizing agricultural practices are fueling market demand.
However, the report also highlights potential challenges that could restrain market growth. These include a lack of awareness and expertise in spatial intelligence, coupled with complex and evolving regulatory frameworks. Despite these challenges, the market is poised to benefit from emerging opportunities, particularly in the adoption of cloud computing technologies and advancements in mapping and navigation solutions. Nonetheless, high initial investment costs and data privacy concerns remain potential obstacles.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/geographic-information-systems-market-in-agriculture-5539
Market Segmentation: A Comprehensive Analysis
Meticulous Research® has meticulously segmented the GIS market in agriculture based on offering, application, sub-sector, and geography:
By Offering: The solutions segment is expected to dominate the market in 2024, driven by the growing demand for GIS software that enhances data analysis and image processing for agricultural surveying.
By Application: The crop monitoring segment is forecasted to hold the largest market share in 2024, attributed to the increasing need for high-quality crops and the growing demand for tools that monitor crop conditions, including water availability and temperature.
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By Sub-sector: Crop farming is anticipated to lead the market in 2024, owing to the rising use of data analytics to boost crop productivity, concerns over food quality, and the growing adoption of GIS solutions to monitor crop health and growth.
By Geography: The Asia-Pacific region is expected to claim the largest share of the GIS market in agriculture by 2024. This growth is fueled by significant government initiatives to integrate spatial intelligence technologies within the agriculture sector and the region's rapid adoption of cloud computing for precision farming.
Key Industry Players
The report provides an in-depth analysis of the competitive landscape, profiling key players such as Hexagon AB (Sweden), Trimble Inc. (U.S.), Autodesk, Inc. (U.S.), Pitney Bowes Inc. (U.S.), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co. Ltd. (China), Cadcorp Limited (U.K.), SuperMap Software Co., Ltd. (China), L3Harris Technologies, Inc. (U.S.), EOS Data Analytics, Inc. (U.S.), Caliper Corporation (U.S.), Precisely (U.S.), Takor Group Ltd. (Australia), Esri (U.S.), and Bentley Systems, Incorporated (U.S.).
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Key Questions Addressed in the Report:
Which market segments are experiencing the highest growth?
What are the historical and forecasted market trends from 2024 to 2030?
What are the primary drivers, challenges, and opportunities in the GIS market in agriculture?
How do major players and emerging local competitors operate within this market?
What are the latest developments and strategies employed by key players?
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Email- sales@meticulousresearch.com
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
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