Press release
Global Precision Farming Market to Spread a Predictable Worth of US$ 10 Bn by end 2025
Precision farming is a concept related to the management of farming which observes, measures and responds to inter as well as intra-field inconsistency in crops. The aim of the concept is to introduce a decision support system to the entire farm management with the objective of boosting returns on inputs while maintaining resources. It is observed that innovative farming revolution initiated by the implementation of staggering new technologiesGlobal Market for Precision Farming: Dynamics Influencing Revenue Growth
The growth of the global precision farming market is influenced by numerous factors. Machine to machine monitoring fundamentally lets devices to effortlessly connect with each other without any human interference. Therefore, increasing acceptance of M2M monitoring agricultural application is projected to gain significant traction and is prepared to power the growth of global market for precision farming in the forthcoming years. Many agricultural solution providers are focusing on introducing imaging technology sensors and drones than can assist the farmers in maximizing yield capacity and enhancing resource utilization. This development is also expected to drive the growth of the market.
However, due to expensive precision farming technology, it becomes impossible for smaller farmers in emerging economies and developed regions to afford this technology. Therefore, data aggregation and data management are the key restraints in the global market for precision farming.
Request to sample report https://www.persistencemarketresearch.com/samples/3884
Taxonomy of Global Market for Precision Farming
The segmentation of global market for precision farming is done on the basis of application, components and region.
Application
Variable Rate application (VRA) & Farm Labor Management System: The segments of VRA & farm labor management systems are ready to top a CAGR of 11.9% & 12.4% respectively, in the global market for precision farming from 2017-2025.
Field Mapping & Yield Monitoring: On the basis of value, field mapping & yield monitoring segments must grow by 3x & 3.5x respectively during the period 2017-2025. It is anticipated that field mapping segment alone would help the market by reaching around US$ 4.3Bn by end 2025. Companies are advised to focus on this application.
Crop Scouting, Soil Monitoring & Weather Tracking and Forecasting: Climate change is foreseen to vividly impact global agricultural production in the times to come. As a result, the rapid utilization of precision farming equipment would play a major role in improving effectiveness and crop yield which in turn will drive the market growth.
Components
Hardware: The hardware segment is projected to hold a lion’s share in the global market for precision farming by component towards the end of the forecast period. Sensing & monitoring devices are expected to be principally significant as well as range a value of just under US$ 5.4 Bn by the end of 2025.
Farm Management Software (FMS): Currently, the precision farming software of on-premise is greater than the precision farming software of cloud-based and is predicted to hold a slender lead in the forecast period. However, the upsurge of IOT & significance of the cloud will propagate by leaps & bounds in the 21st century. The main stakeholders in the market for precision farming are expected to focus on cloud-based precision farming.
Service: Although maintenance and consulting services are lesser than the integrations and installation services in the market for precision farming, they are anticipated to observe greater CAGR in the course of the forecast period. The segment of maintenance service is prepared to be valued at nearly US$ 1.7Bn by the end of 2025 whereas, the consulting services are projected to be valued under US$ 1.2Bn in the similar year.
Region
The market for precision farming in North America is anticipated to be worth approximately US$ 7.8Bn by end 2025. This makes North America’s precision farming market larger than Middle East and Africa, Latin America, Asia Pacific and Europe market. North America’s market share is expected to be nearly 45% by then, in the global market for precision farming.
Request Report for TOC @ https://www.persistencemarketresearch.com/market-research/precision-farming-market/toc
Competition Control panel of Global Market for Precision Farming
The extensive research report on the global market for precision farming covers analysis on the major companies active in the global market for precision farming. Key companies such as Ag Leader Technology, Agribotix LLC, SST Development Group, DICKEY-john, senseFly, PrecisionHawk, Topcon Corporation, Iteris, Trimble, Deere & Company, CNH Industrial N.V., Raven Industries Inc., and AgJunction are profiled in this research report.
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated re-search, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Con-sumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Precision Farming Market to Spread a Predictable Worth of US$ 10 Bn by end 2025 here
News-ID: 928843 • Views: …
More Releases from Persistence Market Research Pvt. Ltd

Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…

Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…

Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…

Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Precision
Precision Harvesting Market Report 2024 - Precision Harvesting Market Trends And …
"The Business Research Company recently released a comprehensive report on the Global Precision Harvesting Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Electronic Precision Repair Service Market Growth Drivers, and Competitive Lands …
The Electronic Precision Repair Service Market Trends Overview 2024-2031:
A new Report by Worldwide Market Reports, titled "Electronic Precision Repair Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Electronic Precision Repair Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures,…
Precision Straightening Service Market by Forecast to 2030 With Covered Top Comp …
Worldwide Market Reports is pleased to announce the release of its latest research report titled "Precision Straightening Service Market - Forecast to 2030." This comprehensive report offers a holistic view of the Precision Straightening Service market, providing systematic segmentation and covering every aspect of the target market. With over-market data tables, pie charts, graphs, and figures spread across easy-to-understand pages, the report offers detailed analysis. The information presented in the…
Precision Diagnostics Market - Diagnostic Excellence, Delivered with Precision
Newark, New Castle, USA: The "Precision Diagnostics Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Precision Diagnostics Market: https://www.growthplusreports.com/report/precision-diagnostics-market/8518
This latest report researches the industry structure, sales, revenue,…
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories.
Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment.
https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/
Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/
7th Floor Mulliner Towers,
39 Alfred Rewane Road,
Ikoyi
Lagos, Nigeria.
Direct Expansion Precision Air Conditioner
from 6 to…
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period
Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input…