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Key Trends Shaping the Future Precision Farming Software Market From 2025-2034: Trimble Introduces Next-Generation Precision Agriculture Displays To Revolutionize The Precision Farming Market
Precision Farming Software Market
The precision farming software market has grown rapidly in recent years. It will rise from $1.84 billion in 2024 to $2.12 billion in 2025, at a CAGR of 15.1%. The growth is driven by larger farm sizes, labor shortages, and the rapid adoption of advanced technologies in precision agriculture aimed at reducing labor costs.
The precision farming software market is set for rapid growth, reaching $3.71 billion in 2029 with a CAGR of 15.0%. Growth is driven by government initiatives, regulations encouraging modern farming techniques, population strain on food supply, and the adoption of IoT in farming. Major trends include technological integration, innovations, and rising product development.
What Are the Forces Behind the Rapid Growth of the Precision Farming Software Market?
The rise in agricultural production is expected to boost the growth of the precision farming software market. Agricultural production involves the cultivation of crops, livestock rearing, and the generation of agricultural commodities for human consumption and industrial use. Precision farming software is increasingly utilized to enhance productivity, sustainability, and efficiency across different farming stages. It offers advanced analytics, insights, and complete visibility throughout the crop production cycle, from soil preparation to harvesting. For instance, in January 2023, Agriculture and Agri-Food Canada, a government department, reported that Canada's total field crop production was 34.1% higher than in 2021. Additionally, in the 2022-23 period, wheat production (excluding durum) in Canada surged by 47% compared to 2021-22, reaching 28.4 million metric tons due to increased seeded areas and improved yields. Therefore, rising agricultural production is driving the expansion of the precision farming software market.
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Who Are the Dominant Companies Influencing Precision Farming Software Market Trends?
Major companies operating in the precision farming software market are Deere And Company, CNH Industrial N.V., AGCO Corporation, Trimble Inc., Topcon Positioning Systems Corporation, AgDNA Pty Ltd., Bayer CropScience Aktiengesellschaft, DTN LLC, The Climate Corporation, Iteris Inc., Granular Inc., SenseFly (Parrot SA), Microdrones GmbH, AG Leader Technology Inc., AG Junction Inc., Taranis Visual Ltd., Farmers Edge Inc., Sentera LLC, Dickey-john Corporation, CropX Ltd., PrecisionHawk Inc., Conservis Corporation, SST Software, Fairport Farm Software, Farmeron Inc., Gamaya SA, Agribotix LLC, Agremo doo, Grownetics Inc., Mapshots Inc.
How Is the Precision Farming Software Market Evolving?
Leading companies in the online grocery sector are adopting subscription models and membership programs, such as B2B membership platforms, to enhance customer retention. These platforms act as digital hubs connecting businesses within the supply chain, facilitating seamless transactions and collaborations. For example, in October 2023, Bundl Technologies Private Limited (Swiggy), an India-based online food ordering company, introduced Swiggy One Lite. This economical version of Swiggy One offers benefits for food, groceries, and delivery services, including free delivery, exclusive discounts, and partner perks. Available for an introductory price of Rs. 99 for three months, Swiggy One Lite is tailored for B2B membership, integrating partnerships with leading brands in the telecom and banking sectors.
What Are the Different Segmentations in the Precision Farming Software Market?
The precision farming software market covered in this report is segmented -
1) By Delivery Model: Local Or Web Based, Cloud Based
2) By Service Provider: System Integrators, Managed Services Providers, Assisted Professional Services Providers, Connectivity services Providers, Maintenance, Software Upgradation And Support Services Providers
3) By Technology: Guidance Technology, Remote Sensing, Variable-Rate Technology
4) By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking And Forecasting, Inventory Management, Farm Labor Management, Financial Management, Other Applications
Subsegments:
1) By Local Or Web-Based: Installed Software, Web-Based Applications
2) By Cloud-Based: SaaS (Software As A Service), PaaS (Platform As A Service)
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Which Region Is at the Forefront of the Precision Farming Software Market?
North America was the largest region in the precision farming software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision farming software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Precision Farming Software Global Market Report?
- Market Size Analysis: Analyze the Precision Farming Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Precision Farming Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Precision Farming Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Precision Farming Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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