Press release
Digital Soil Mapping Platforms & Applications Market is on an Upward Growth Curve
The Global Digital Soil Mapping Platforms & Applications Market is valued at US$ 225.2 Mn in 2023, and it is expected to reach US$ 509.2 Mn by 2031, with a CAGR of 10.9% during the forecast period of 2024-2031.
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DSM platforms unlock the field of soil science by changing the creation process of detailed, accurate maps of soil types and properties through the utilization of advanced technologies. Field observations are combined with environmental data based on quantitative relationships. DSM produces geographically referenced soil databases more effectively and accurately compared to the traditional manual ways of doing things. Very effective tools like GPS, remote sensing, and geostatistical methods in DSM make it an essential technology for the development of soil analysis and management across sectors.
Applications of the DSM include precision agriculture, environmental monitoring, land use planning, and research. It aids the farmer in optimizing crop yield by providing critical information on the health status of soil and variability, while the governments and research institution put it into application in sustainable land management. It is essential to check the health status of the soil about climate change and human actions. As knowledge about soil and food security as well as sustainability evolves, DSM has a great chance of becoming more relevant in the future. Combined with newer technologies such as machine learning and IoT, its enhancement indeed fuels growth in the DSM global market as it goes on to be indispensable in modern agriculture practices.
List of Prominent Players in the Digital Soil Mapping Platforms & Applications Market:
• SoilOptix
• Veris Technologies, Inc.
• Crop Nutrition Laboratory Services Ltd.
• SMARTCLOUDFARMING
• Esri
• Trimble Inc.
• Ag Leader Technology
• CropX inc.
• AgEagle Aerial Systems Inc
• Taranis
• EarthOptics
• Teralytic
• Corteva
• EOS Data Analytics, Inc.
• Arable Labs, Inc.
Market Dynamics:
Drivers-
The factors that are fueling the Digital Soil Mapping Platforms and Applications market include the increasing interest of farmers to opt for more environmentally friendly farming practices, improvements in remote sensing and precision agriculture technologies such as drone and satellite imaging continue to advance data collection and analysis, government funding initiatives, and grants for agricultural innovation, and an increased interest in soil health and crop yield, where advanced digital soil mapping may be critical in understanding the properties of the soil to optimize interventions and increase productivity.
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Challenges:
High installation costs are one of the major challenges for the market, mainly because the technology will require high initial investment in equipment such as drones and sensors and software. Lack of proper soil information availability also affects, especially in developing nations, which would have limited infrastructure facilities. Laying constraint on the growth potential in the market through lack of skilled professionals with both soil science and digital mapping technologies.
Regional Trends:
The highest share of the Digital Soil Mapping market has been dominated by North America, which can be attributed to the sophisticated agricultural industry, high investment into precision agriculture, and a vast number of big agribusinesses. North America boasts significant academic and research infrastructure with universities and institutions pushing at the forefront of advancements in soil science. Additionally, government aid via funding and policies for sustainable farmlands has propelled this technology towards mass application and is apt to be the largest regional market.
Recent Developments:
• In July 2024, Veris Technologies recently launched CoreScan™, an automated soil sensor probe that provides high-definition maps of soil compaction, nutrient levels, water storage, and organic matter. This advanced tool enhances farming decisions by offering detailed insights into the soil profile for more informed and profitable practices.
• In Aug 2024, CropX Ltd. and CNH Industrial N.V have introduced an API integration between the CropX farm management system and Case IH and New Holland equipment, automating data transfer for visualization, record-keeping, planning, and variable-rate applications.
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Segmentation of Digital Soil Mapping Platforms & Applications Market-
By Application:
• Agriculture Cooperatives
• Government and Research Institutes
• Agribusiness Companies
• Others
By Product Type:
• Drone Scouting
• Mobile Scouting
• Satellite Imagery
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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