Precision Farming Software Industry Outlook 2025-2029: Market Set to Cross $3.62 Billion Milestone

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How Large Will the Precision Farming Software Market Size By 2025?
Recent years have seen a rapid expansion in the precision farming software market size. It is projected to escalate from $1.84 billion in 2024 to $2.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.5%. The growth observed in the historic period is linked to factors such as the increasing average farm size, a heightened shortage of farm labor, and the swift adoption of innovative technologies in precision agriculture with the intent to reduce labor.

How Big Is the Precision Farming Software Market Size Expected to Grow by 2029?
The market for precision farming software is anticipated to experience significant expansion in the upcoming years. The market is projected to reach $3.62 billion in 2029 with a compound annual growth rate (CAGR) of 14.5%. The surge during the forecast period can be associated with various factors such as the government's proactive approaches, regulations set by authorities to utilize contemporary farming methodologies, an increase in pressure on food supply worldwide due to population growth, and a rising acceptance of internet of things (IoT) devices in agricultural sectors. Noteworthy trends for this forecast period encompass the integration of technology, progress and innovation in technological fields, along with a swell in product invention.

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Which Key Market Drivers Powering Precision Farming Software Market Expansion and Growth?
The projected expansion of agricultural production is anticipated to stimulate the precision farming software market's growth. This term pertains to the cultivation of crops, rearing of livestock, and production of various agricultural goods for human consumption, industrial applications, or other uses. To increase efficiency, productivity, and sustainability throughout various phases of the agricultural process, precision farming software is widely employed. It boasts advanced farm analytics and statistical capabilities, as well as complete transparency throughout the crop production cycle, from soil preparations to the actual harvest. For instance, Agriculture and Agri-Food Canada stated in January 2023 that Canada's total field crop production could rise by 34.1% compared to 2021. During 2022-23, Canada's wheat production (excluding durum) experienced a 47% surge compared to the 2021-22 period, peaking at 28.4 million metric tons. This increase was driven by the expansion of seeded areas and improved yields. Consequently, the surge in agricultural production is fueling the growth of the precision farming software market.

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What Trends Will Shape the Precision Farming Software Market Through 2029 and Beyond?
In an effort to keep pace with changing agricultural demands and maintain a competitive advantage, key players in the precision farming software sector are focusing on creating cutting-edge technological products like sophisticated precision agriculture displays. These are unique electronic gadgets or software interfaces that farmers and agriculture experts rely on for monitoring and precisely managing different elements of farming operations. To illustrate, Trimble, a US company providing precision farming solutions, in October 2022, unveiled their inventive precision agriculture displays - The Trimble GFX-1060 and GFX-1260. These come with an Android-based operating system, improved processing power, and compatibility with the Trimble NAV-500 and NAV-900 Global Navigation Satellite System (GNSS) receivers and the CenterPoint correction service. Plus, it operates on the potent Precision-IQ software to aid in managing every facet of field activities and is capable of gathering and handling data and information in the field, which can be subsequently analyzed through 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, ey-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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