Global Precision Farming Software Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023 – Research and Markets

DUBLIN–(BUSINESS WIRE)– Research and Markets has announced the addition of the “Global Precision Farming Software Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023” report to their offering.

The global precision farming software market is expected to grow with the CAGR of approximately 14.5% during the forecast period.

Technological advancement is one of the major factors boosting the demand for the market. With the introduction of GPS (Global Positioning Systems), remote sensing (RS) and geographic information systems (GIS), farmers can now increase water management models as well as nutrient recommendation towards the site-specific situations of every field. Extensive variations in soil properties, nutrient and water availability happen across high number of fields.

Though, the ability to relate site-specific nutrient and irrigation management to suit temporally and spatially inconstant situations can surge application efficacies, decline environmental impacts, advances yields. However, lack of standardization in the precision farming and lack of technical awareness among farmers are acting as major restraints for the market growth. Although, increasing application of cloud technology in agriculture sector and integration of mobile technologies with agricultural techniques are offering better scope for the market in near future.

The market is facing some critical challenges such as high initial investment and lack of technical professionals. Geographically, North America is the major region for the market. North America is growing due to high awareness among farmers to use advanced technologies for farming in the region. Asia Pacific is expected to grow high in the forecast period due to growing demand for such software in China, India etc. to meet the global food demand by enhancing productivity. The presence of major players such as Trimble Inc., Deere & Co, Bayer AG, Raven Industries and so on are making market highly attractive for farmers as these companies make efforts to provide effective innovations solutions to consumers across the globe.

Market Dynamics

Market Drivers

• Government Support to Advanced Farming Techniques
• Advancements in Precision Farming
• Increasing Adoption of Precision Farming
• Provides Wide-Ranging Benefits

Market Restraints

• Lack of Standardization in the Precision Farming
• Lack of Technical Awareness Among Farmers

Market Opportunities

• Increasing Application of Cloud Technology in Agriculture Sector
• Integration of Mobile Technologies With Agricultural Techniques

Market Challenges

• High Initial Investment
• Lack of Technical Professionals

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Precision Packaging Software Market By Region

7. Company Profiles

• AG Leader Technology
• Agco Corporation
• Agjunction Inc.
• Agsense LLC
• Bayer Ag
• Cropmetrics Llc
• Cropx Inc.
• Dickey-John Corporation
• Echelon Ag Inc.
• Granular Inc.
• Iteris Inc.
• John Deere
• Raven Industries
• Topcon Positioning Systems Inc.
• Trimble Inc.

For more information about this report visit http://www.researchandmarkets.com/research/dr2mk9/global_precision

View source version on businesswire.com: http://www.businesswire.com/news/home/20170418005719/en/

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Related Topics: Agriculture

Source: Research and Markets