HOME › Research Insight › Key Revenue Pocket: Precision Farming Software & Services Market
Key Revenue Pocket: Precision Farming Software & Services Market
The precision farming software & services market is a growing market, having key markets in the American and European countries. The demand of precision farming software & services for precision farming activities is majorly being driven by government regulations regarding the need for providing smart farming solutions. The farm management software and associated services play an important role for the growth of precision agriculture market. The penetration of the mobile technology and cloud computing in the farming technology, along with the demand for efficient farm management solutions worldwide by agriculturists and farmers, are expected to drive the growth of precision farming software & services market.
At present, crop management is the biggest and most important application of precision farming software & services market, followed by the weather tracking and forecasting application. Precision farming software & services play an important role in managing various crop management activities, such as crop harvesting, managing insecticides & fungicides, and tracking crop records. They are also used in farm inventory management, personnel management, and in demand forecasting. Thus, the software & services play a significant role in managing and improving the farming operations.
The crop management application is touted to be the fastest-growing market in the near future. This is because crop management is an inevitable part of farming operations and the adoption of mobile computing is expected to increase the growth of this market.
The Americas is presently leading the precision farming software & services market. This is because of the presence of major companies located in this region, which, in turn, is driving the market. This is followed by Europe due to government initiatives in this area, which are working toward the research and development activities in order to improve agricultural production. The APAC region is expected to be the fastest-growing market during the forecast period.
Precision Farming Software & Services Market by Software (Web & Cloud-based), Services (Consulting, Maintenance & Support, & Others), Hardware (Sensors, Guidance & Steering, GPS Devices, & Others), Application, & Geography - Analysis & Forecast to 2014 - 2020
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252