Key Factor Supporting Precision Farming Software Market Development in 2025: Rising Agricultural Production Fuels Growth In Precision Farming Software Market

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How Large Will the Precision Farming Software Market Size By 2025?
The market size of precision farming software has experienced a swift expansion in the past few years. The market is projected to surge from $1.84 billion in 2024 to $2.12 billion in 2025, with a compound annual growth rate (CAGR) of 15.1%. The substantial growth during the historical period is primarily due to factors such as the enlargement of average farm size, the escalating deficiency of farm labour, and the accelerated adoption of advanced technologies in precision agriculture with the goal of reducing labour.

How Big Is the Precision Farming Software Market Size Expected to Grow by 2029?
The expected expansion of the precision farming software market will be swift in the coming years, with a speculated market size of $3.71 billion in 2029 and a compound annual growth rate (CAGR) of 15.0%. The projected upturn during this period can be credited to numerous factors: increased governmental efforts, regulatory requirements for adopting contemporary farming methods, a surge in pressure on world food supply due to growing population, and an increased adoption of Internet of Things (IoT) within farming sectors. Noteworthy trends projected within this period include the merger of technologies, technological developments and innovations as well as an uptick in product innovation.

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Which Key Market Drivers Powering Precision Farming Software Market Expansion and Growth?
The precision farming software market is anticipated to grow due to an increase in agricultural production. The term agricultural production encompasses the cultivation of crops, breeding of livestock, and the production of other agricultural goods for uses including consumption, industry, and other applications. Precision farming software plays a vital role in this process, augmenting efficiency, productivity, and sustainability at all agricultural stages. It accomplishes this by providing comprehensive farm analytics, statistics, and insights into the entire cultivation process, from soil preparation to harvest. For example, Agriculture and Agri-Food Canada, a Canadian government department, projected in January 2023 that the total crop production in Canada would be 34.1% greater than that in 2021. Wheat production in Canada (excluding durum) in the 2022-2023 period saw a surge of 47% compared to the 2021-22 period, reaching 28.4 million metric tons. This increase was attributed to more seeded areas and improved yields. Thus, an increase in agricultural production is driving the precision farming software market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Precision Farming Software Market?
Key players in the precision farming software market are prioritizing the development of technological products, such as cutting-edge precision agriculture displays, to meet the changing needs of agriculture and secure a competitive advantage. Precision agriculture displays, designed as specific electronic devices or software interfaces, are utilized by farmers and agricultural experts to accurately and efficiently supervise and control various elements of farming operations. Take for example, Trimble, an American precision farming solutions provider, unveiled the Trimble GFX-1060 and GFX-1260 in October 2022. These cutting-edge precision agriculture displays are built with an Android operating system, superior processing capacity, and are compatible with Trimble NAV-500 and NAV-900 Global Navigation Satellite System (GNSS) receivers, as well as the CenterPoint correction service. Additionally, it operates with the robust Precision-IQ software to help oversee every part of field operations. It can also be used to gather and handle field data and information which can later be scrutinized with farm management software.

What Are the Emerging Segments 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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Who Are the Global Leaders in the Precision Farming Software Market?
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.

Which are the Top Profitable Regional Markets for the Precision Farming Software Industry?
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.

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