HOME Top Market Reports Precision Farming Software Market by Delivery Model (Local/web-based, Cloud-Based, SaaS, PaaS), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting), Service Provider, and Geography - Global Forecast to 2022

Precision Farming Software Market by Delivery Model (Local/web-based, Cloud-Based, SaaS, PaaS), Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting), Service Provider, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: SE 3343

 

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The precision farming software market is expected to grow from USD 463.8 Million in 2015 to USD 1,188.7 Million by 2022, at a CAGR of 14.03% between 2016 and 2022. This report provides the market size and future growth potential of the precision farming software market across different segments such as delivery model, application, service provider, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the precision farming software market. This report also profiles the key players operating in the precision farming software market. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.

The prime objectives of this report can be summarized in the following points.

  • To define, describe, and forecast the precision farming software market segmented on the basis of delivery model, application, service provider, and geography
  • To forecast the market size, in terms of value, for various segments with respect to four main regions, namely, the Americas, Europe, Asia-Pacific (APAC), and RoW (Rest of the World)
  • To strategically analyze the micromarkets1 with respect to individual growth trends, future prospects, and contribution to the overall precision farming software market
  • To provide detailed information and analysis of the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically profile the key players and provide comprehensive analysis of their market positions in terms of ranking and core competency along with detailed competitive landscape for the market leaders
  • To study the complete value chain and allied industry segments the precision farming software market

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study.

The research methodology followed in this report is explained below.

  • Analyzing each country along with their related major companies and their system integrators, and identifying the software and service providers in precision farming software market
  • Identifying the market for precision farming software for each country
  • Identifying the major application of precision farming along with the types of software and services required for various applications
  • Estimating the market size of each region by summation of country-wise market
  • Tracking the ongoing and upcoming implementation of precision farming projects by various companies in each region and forecasting the precision farming software market based on these developments and other critical parameters
  • Arriving to the global market by summation of all the regions

After arriving at the overall market size, the total market has been split into several segments and sub segments, which was further confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

Precision Farming Software Market

To know about the assumptions considered for the study, download the pdf brochure

The major research and development companies in precision farming software market are Deere & Co. (U.S.), Granular, Inc. (U.S.), Trimble, Inc. (U.S.), and Agrivi Ltd. (U.K.), which develop agricultural software according to the farmer’s requirements. The precision farming software ecosystem includes software providers such as Trimble, Inc. (U.S.), iAgri (New Zealand), and Observant (Australia); service providers; device vendors; farm management software solution and application providers; and end users.

Key Target Audience

  • Satellite service providers
  • Component suppliers
  • Semiconductor component and device manufacturers
  • Original equipment manufacturers (OEMs)
  • Product manufacturers
  • Component and device suppliers and distributors
  • Software, service, and technology providers
  • Standardization and testing firms
  • Government bodies such as regulatory authorities and policymakers
  • Associations, organizations, forums, and alliances related to semiconductor and automotive industries
  • Research institutes and organizations
  • Market research and consulting firms
  • Agrifood buyers

Scope of the Report

The precision farming software market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The precision farming software market has been segmented as follows:

By Delivery model

  • Local/Web Based
  • Cloud Based
    • Software as a service(SaaS)
    • Platform as a service(PaaS)

By Application

  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking and Forecasting
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Others

By Service Provider

  • System Integrators
  • Managed Services Providers
  • Assisted Professional Services Providers
  • Connectivity Services Providers
  • Maintenance, Software Upgradation, and Support Services Providers

By Geography

  • Americas
  • Europe
  • Asia-Pacific
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Country-wise Information:

Detailed analysis of various delivery models for each country.

Company Information:

Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
    2.2 Secondary and Primary Research
           2.2.1 Key Industry Insights
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.3.2 Top-Down Approach
                    2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions
           2.5.1 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Precision Farming Software Market During the Forecast Period
    4.2 Precision Farming Software Market in Asia-Pacific (APAC)
    4.3 Precision Farming Software Market, By Delivery Model
    4.4 Country-Wise Analysis of Precision Farming Software Market
    4.5 Life Cycle Analysis

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Segmentation of the Precision Farming Software Market
           5.2.1 By Delivery Model
           5.2.2 By Application
           5.2.3 By Service Provider
           5.2.4 By Geography
    5.3 Market Evolution: Precision Farming Software Market
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Need of Real-Time Data Management Through Cloud Computing
                    5.4.1.2 Government’s Support to Adopt Modern Agricultural Techniques
                    5.4.1.3 Strengthening of Intellectual Property Rights Over Agricultural Innovations
                    5.4.1.4 Integration of Mobile Technology With Farming Techniques
                    5.4.1.5 Increasing Use of Agricultural Software for Maintaining Farm Efficiency
           5.4.2 Restraints
                    5.4.2.1 High Initial Capital Investment
           5.4.3 Opportunities
                    5.4.3.1 Integration of Smartphone With Agriculture Hardware and Software Applications
                    5.4.3.2 High Speed Internet Connectivity
           5.4.4 Challenges
                    5.4.4.1 Management of Data for Productive Decision Making
                    5.4.4.2 Lack of Standardization in the Precision Farming Industry
                    5.4.4.3 Dearth of Technical Acumen
           5.4.5 Winning Imperative
                    5.4.5.1 Sensing Technology for Smart Farming

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Technology Roadmap
           6.3.1 Key Industry Trends
                    6.3.1.1 Privacy and Security Principles for Farm Data
                    6.3.1.2 Big Data Presents Lucrative Opportunity for Farm Data Analytics
                    6.3.1.3 Advance Sensing Technology That Supports Software Technology
                    6.3.1.4 Pervasive Automation Leading to Large Scale Adoption of Precision Farming Software
                    6.3.1.5 Mobile Computing Shaping Precision Farming Software Market
    6.4 Mergers and Acquisitions and Venture Funding in the Precision Farming Software Market
           6.4.1 Mergers and Acquisitions of Software-Based Precision Farming Companies, 2010–2016
           6.4.2 Venture Funding and Investments in Software-Based Precision Farming Companies, 2013–2016
    6.5 Porter’s Five Forces Analysis
           6.5.1 Intensity of Competitive Rivalry
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Buyers
           6.5.4 Bargaining Power of Suppliers
           6.5.5 Threat of New Entrants

7 Precision Farming Software Market, By Delivery Model (Page No. - 66)
    7.1 Introduction
    7.2 Local/Web-Based
    7.3 Cloud-Based
           7.3.1 Software as A Service (SaaS)
           7.3.2 Platform as A Service (PaaS)

8 Precision Farming Software Market, By Application (Page No. - 78)
    8.1 Introduction
    8.2 Yield Monitoring
    8.3 Field Mapping
    8.4 Crop Scouting
    8.5 Weather Tracking and Forecasting
    8.6 Irrigation Management
    8.7 Inventory Management
    8.8 Farm Labor Management
    8.9 Financial Management
    8.10 Others

9 Precision Farming Software Market, By Service Provider (Page No. - 97)
    9.1 Introduction
    9.2 System Integrators
    9.3 Managed Services Providers
           9.3.1 Farm Operation Services
           9.3.2 Data Services
           9.3.3 Analytics Services
    9.4 Connectivity Services Providers
    9.5 Assisted Professional Services Providers
           9.5.1 Supply Chain Management Services
           9.5.2 Climate Information Services
           9.5.3 Others
    9.6 Maintenance, Software Upgradation, and Support Services Providers

10 Geographic Analysis (Page No. - 108)
     10.1 Introduction
     10.2 Americas
             10.2.1 North America
                        10.2.1.1 Presence of Major Companies and High Adoption Rate of Precision Farming Software in the Region
                        10.2.1.2 U.S.
                        10.2.1.3 Canada
                        10.2.1.4 Mexico
             10.2.2 South America
                        10.2.2.1 Practice of Extensive Agriculture in Emerging Countries Such as Brazil is Driving the Growth of the Precision Farming Software Market in South America
                        10.2.2.2 Brazil
                        10.2.2.3 Argentina
                        10.2.2.4 Rest of South America
     10.3 Europe
             10.3.1 Increasing Supporting Infrastructure for Precision Farming Software in Europe is Fueling the Growth of This Market
             10.3.2 Germany
             10.3.3 U.K.
             10.3.4 France
             10.3.5 Italy
             10.3.6 The Netherlands
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 Increasing Government Support and Availability of Large Farmlands Driving the Growth of Precision Farming Software Market in the APAC Region
             10.4.2 China
             10.4.3 Japan
             10.4.4 Australia
             10.4.5 India
             10.4.6 South Korea
             10.4.7 Rest of APAC
     10.5 Rest of World
             10.5.1 Presence of Technologically-Advanced Countries Such as Israel and South Africa is Driving the Growth of the Precision Farming Software Market
             10.5.2 Africa
                        10.5.2.1 South Africa
             10.5.3 Middle East
             10.5.4 Russia

11 Competitive Landscape (Page No. - 138)
     11.1 Overview
     11.2 Market Ranking Analysis for the Precision Farming Software Market, 2015
     11.3 Competitive Situation and Trends
     11.4 Startup Scenario
             11.4.1 List of Major Startups
     11.5 Recent Developments
             11.5.1 New Product Launches
             11.5.2 Agreements, Partnerships, and Contracts
             11.5.3 Mergers and Acquisitions

12 Company Profiles (Page No. - 152)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 Deere & Company
     12.3 Trimble Inc
     12.4 Agjunction, Inc.
     12.5 SST Development Group Inc.
     12.6 Iteris, Inc.
     12.7 Raven Industries Inc.
     12.8 AG Leader Technology
     12.9 Conservis Corporation
     12.10 Dickey-John Corporation
     12.11 Farmers Edge Inc.
     12.12 The Climate Corporation
     12.13 Topcon Positioning Systems, Inc.
     12.14 Key Innovators
     12.15 Granular, Inc.
     12.16 Aururas S.R.L
     12.17 Grownetics, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 185)
     13.1 Insights From Industry Experts
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customization
     13.5 Related Reports
     13.6 Author Details


List of Tables (66 Tables)

Table 1 Porter’s Five Forces Analysis: Threat of New Entrants Had the Maximum Impact on the Overall Precision Farming Software Market in 2015
Table 2 Precision Farming Market, By Offering, 2013–2022 (USD Million)
Table 3 Precision Farming Software Market, By Delivery Model, 2013–2022 (USD Million)
Table 4 Precision Farming Software Market for Local/Web-Based Delivery Model, By Region, 2013–2022 (USD Million)
Table 5 Precision Farming Software Market for Local/Web-Based Delivery Model, By Application, 2013–2022 (USD Million)
Table 6 Precision Farming Software Market for Local/Web-Based Delivery Model, By Service Provider, 2013–2022 (USD Million)
Table 7 Precision Farming Software Market for Cloud-Based Delivery Model, By Region, 2013–2022 (USD Million)
Table 8 Precision Farming Software Market for Cloud-Based Delivery Model, By Application, 2013–2022 (USD Million)
Table 9 Precision Farming Software Market for Cloud-Based Delivery Model, By Service Provider, 2013–2022 (USD Million)
Table 10 Precision Farming Software Market for Cloud-Based Delivery Model, By Type, 2013–2022 (USD Million)
Table 11 Precision Farming Software Market for Software as A Service (SaaS), By Region, 2013–2022 (USD Million)
Table 12 Precision Farming Software Market for Platform as A Service (PaaS), By Region, 2013–2022 (USD Million)
Table 13 Precision Farming Software Market, By Application, 2013–2022 (USD Million)
Table 14 Precision Farming Software Market for Yield Monitoring Application, By Region, 2013–2022 (USD Million)
Table 15 Precision Farming Software Market for Yield Monitoring Application, By Delivery Model, 2013–2022 (USD Million)
Table 16 Precision Farming Software Market for Field Mapping Application, By Region, 2013–2022 (USD Million)
Table 17 Precision Farming Software Market for Field Mapping Application, By Delivery Model, 2013–2022 (USD Million)
Table 18 Precision Farming Software Market for Crop Scouting Application, By Region, 2013–2022 (USD Million)
Table 19 Precision Farming Software Market for Crop Scouting Application, By Delivery Model, 2013–2022 (USD Million)
Table 20 Precision Farming Software Market for Weather Tracking and Forecasting Application, By Region, 2013–2022 (USD Million)
Table 21 Precision Farming Software Market for Weather Tracking and Forecasting Application, By Delivery Model, 2013–2022 (USD Million)
Table 22 Precision Farming Software Market for Irrigation Management Application, By Region, 2013–2022 (USD Million)
Table 23 Precision Farming Software Market for Irrigation Management Application, By Delivery Model, 2013–2022 (USD Million)
Table 24 Precision Farming Software Market for Inventory Management Application, By Region, 2013–2022 (USD Million)
Table 25 Precision Farming Software Market for Inventory Management Application, By Delivery Model, 2013–2022 (USD Million)
Table 26 Precision Farming Software Market for Farm Labor Management Application, By Region, 2013–2022 (USD Million)
Table 27 Precision Farming Software Market for Farm Labor Management Application, By Delivery Model, 2013–2022 (USD Million)
Table 28 Precision Farming Software Market for Financial Management Application, By Region, 2013–2022 (USD Million)
Table 29 Precision Farming Software Market for Financial Management Application, By Delivery Model, 2013–2022 (USD Million)
Table 30 Precision Farming Software Market for Other Applications, By Region, 2013–2022 (USD Million)
Table 31 Precision Farming Software Market for Other Applications, By Delivery Model, 2013–2022 (USD Million)
Table 32 Precision Farming Software Market, By Service Provider, 2013–2022 (USD Million)
Table 33 Precision Farming Software Market for System Integrators, By Region, 2013–2022 (USD Million)
Table 34 Precision Farming Software Market for System Integrators, By Delivery Model, 2013–2022 (USD Million)
Table 35 Precision Farming Software Market for Managed Services Providers, By Region, 2013–2022 (USD Million)
Table 36 Precision Farming Software Market for Managed Services Providers, By Delivery Model, 2013–2022 (USD Million)
Table 37 Precision Farming Software Market for Connectivity Services Providers, By Region, 2013–2022 (USD Million)
Table 38 Precision Farming Software Market for Connectivity Services Providers, By Delivery Model, 2013–2022 (USD Million)
Table 39 Precision Farming Software Market for Assisted Professional Services Providers, By Region, 2013–2022 (USD Million)
Table 40 Precision Farming Software Market for Assisted Professional Services Providers, By Delivery Model, 2013–2022 (USD Million)
Table 41 Precision Farming Software Market for Maintenance, Software Upgradation, and Support Services Providers, By Region, 2013–2022 (USD Million)
Table 42 Precision Farming Software Market for Maintenance, Software Upgradation, and Support Services Providers, By Delivery Model, 2013–2022 (USD Million)
Table 43 Precision Farming Software Market, By Region, 2013–2022 (USD Million)
Table 44 Precision Farming Software Market in the Americas, By Delivery Model, 2013–2022 (USD Million)
Table 45 Precision Farming Software Market in the Americas, By Application, 2013–2022 (USD Million)
Table 46 Precision Farming Software Market in the Americas, By Region, 2013–2022 (USD Million)
Table 47 Precision Farming Software Market in North America, By Delivery Model, 2013–2022 (USD Million)
Table 48 Precision Farming Software Market in North America, By Application, 2013–2022 (USD Million)
Table 49 Precision Farming Software Market in North America, By Country, 2013–2022 (USD Million)
Table 50 Precision Farming Software Market in South America, By Delivery Model, 2013–2022 (USD Million)
Table 51 Precision Farming Software Market in South America, By Application, 2013–2022 (USD Million)
Table 52 Precision Farming Software Market in South America, By Country, 2013–2022 (USD Million)
Table 53 Precision Farming Software Market in Europe, By Delivery Model, 2013–2022 (USD Million)
Table 54 Precision Farming Software Market in Europe, By Application, 2013–2022 (USD Million)
Table 55 Precision Farming Software Market in Europe, By Country, 2013–2022 (USD Million)
Table 56 Precision Farming Software Market in APAC, By Delivery Model, 2013–2022 (USD Million)
Table 57 Precision Farming Software Market in APAC, By Application, 2013–2022 (USD Million)
Table 58 Precision Farming Software Market in APAC, By Country, 2013–2022 (USD Million)
Table 59 Precision Farming Software Market in RoW, By Delivery Model, 2013–2022 (USD Million)
Table 60 Precision Farming Software Market in RoW, By Application, 2013–2022 (USD Million)
Table 61 Precision Farming Software Market in RoW, By Region, 2013–2022 (USD Million)
Table 62 Market Ranking of the Top 5 Players in the Precision Farming Software Market, 2015
Table 63 List of Major Precision Agriculture Software and Services Startups
Table 64 New Product Launches, 2013–2016
Table 65 Agreements, Partnerships, and Contracts, 2013–2016
Table 66 Mergers and Acquisitions, 2013–2016


List of Figures (67 Figures)

Figure 1 Precision Farming Software Market: Segmentation
Figure 2 Precision Farming Software Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Local Or Web-Based Software Held the Largest Share in the Precision Farming Software Market in 2015
Figure 7 Precision Farming Software Market for Managed Services Providers Projected to Grow at the Highest Rate Between 2016 and 2022
Figure 8 Yield Monitoring Application Held the Major Share of the Precision Farming Software Market in 2015
Figure 9 Precision Farming Software Market in the Americas Held the Largest Share in 2015
Figure 10 Increasing Need of Real-Time Data Management Through Cloud Computing is Expected to Drive the Precision Farming Software Market During the Forecast Period
Figure 11 Australia Held the Largest Share of the Precision Farming Software Market in APAC in 2015
Figure 12 Cloud-Based Model of Precision Farming Software Market Projected to Grow at the Highest Rate Between 2016 and 2022
Figure 13 U.S. Held the Largest Share of the Precision Farming Software Market in 2015
Figure 14 The Overall Life Cycle for Precision Farming Software Expected to Be Long and Steadily Growing
Figure 15 Precision Farming Software Market, By Geography
Figure 16 Driver, Restraints, Opportunities, and Challenges of the Precision Farming Software Market
Figure 17 Cloud-Based vs On-Premise Deployment of Software, 2013–2018
Figure 18 Factors for Not Using Precision Farming Techniques in the U.K., 2012
Figure 19 Global Mobile Subscriber Base, 2009–2016 (USD Million)
Figure 20 Precision Farming Software Market: Value Chain Analysis
Figure 21 Porter’s Five Forces Analysis, 2015
Figure 22 Precision Farming Software Market: Porter’s Five Forces Analysis, 2015
Figure 23 High Impact of the Intensity of Competitive Rivalry on the Precision Farming Software Market
Figure 24 Low Impact of the Threat of Substitutes on the Precision Farming Software Market
Figure 25 Medium Impact of the Bargaining Power of Buyers on the Precision Farming Software Market
Figure 26 Medium Impact of the Bargaining Power of Suppliers on the Precision Farming Software Market
Figure 27 High Impact of the Threat of New Entrants on the Precision Farming Software Market
Figure 28 Precision Farming Software Market, By Delivery Model
Figure 29 Cloud-Based Delivery Model Expected to Grow at the Highest Rate in the Precision Farming Software Market Between 2016 and 2022
Figure 30 Yield Monitoring Application is Expected to Hold the Largest Share of the Precision Farming Software Market for Local/Web-Based Delivery Model Between 2016 and 2022
Figure 31 Precision Farming Software Market in Asia-Pacific for Cloud-Based Delivery Model is Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 32 Software as A Service (SaaS) Held the Largest Share of the Cloud-Based Delivery Model in 2016
Figure 33 Precision Farming Software Market, By Application
Figure 34 Weather Tracking and Forecasting Application Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 35 Cloud-Based Delivery Model in the Yield Monitoring Application is Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 36 Asia-Pacific Expected to Grow at the Highest Rate for the Crop Scouting Application Between 2016 and 2022
Figure 37 Cloud-Based Delivery Model is Expected to Hold the Largest Share for the Weather Tracking & Forecasting Application Between 2016 and 2022
Figure 38 Asia-Pacific Expected to Grow at the Highest Rate for the Farm Labor Management Application Between 2016 and 2022
Figure 39 Cloud-Based Delivery Model in the Financial Management Application is Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 40 Precision Farming Software Market, By Service Provider
Figure 41 Precision Farming Software Market for Managed Services Providers is Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 42 The Americas is Expected to Hold the Largest Share in the Precision Farming Software Market for Managed Services Providers Between 2016 and 2022
Figure 43 Asia-Pacific is Expected to Grow at the Highest Rate in the Precision Farming Software Market for Assisted Professional Services Providers Between 2016 and 2022
Figure 44 Precision Farming Software Market, By Geography
Figure 45 Precision Farming Software Market: Geographic Snapshot
Figure 46 Overview of the Precision Farming Software Market in the Americas
Figure 47 U.S. Expected to Hold the Largest Share of the Precision Farming Software Market in North America Between 2016 and 2022
Figure 48 Argentina Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 49 Overview of the Precision Farming Software Market in Europe
Figure 50 Germany is Expected to Hold the Largest Share of the Precision Farming Software Market in Europe in 2016
Figure 51 Overview of the Precision Farming Software Market in Asia-Pacific
Figure 52 China Expected to Grow at the Highest Rate in APAC Between 2016 and 2022
Figure 53 Russia Held the Largest Share of the Precision Farming Software Market in RoW Region in 2016
Figure 54 New Product Launches: the Key Strategy Adopted By the Key Players Between 2013 and 2016
Figure 55 Precision Farming Software Market Evaluation Framework
Figure 56 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 57 Geographic Revenue Mix of Major Market Players
Figure 58 Deere & Company: Company Snapshot
Figure 59 Deere & Company: SWOT Analysis
Figure 60 Trimble Inc. : Company Snapshot
Figure 61 Trimble Inc. : SWOT Analysis
Figure 62 Agjunction, Inc: Company Snapshot
Figure 63 Agjunction, Inc.: SWOT Analysis
Figure 64 SST Development Group, Inc : SWOT Analysis
Figure 65 Iteris Inc : Company Snapshot
Figure 66 Iteris, Inc : SWOT Analysis
Figure 67 Raven Industries: Company Snapshot

According to MarketsandMarkets’ forecast, the precision farming software market, in terms of value, is expected to grow from USD 463.8 Million in 2015 to USD 1,188.7 Million by 2022, at a CAGR of 14.03% between 2016 and 2022. Precision farming software is mainly driven by integration of mobile technology with farming techniques, growing use of agricultural software for farm efficiency, and growing demand of real time data management through cloud computing. Other factors such as government’s support to adopt modern agricultural techniques and strengthening of intellectual property rights over agriculture innovations have further contributed to overall market growth. Precision farming software is going to be the modern way of agriculture that people across the world would adopt.  The major restraining factor for the precision farming software market is the high initial capital investment.

This report covers the precision farming software market based on delivery model, application, services and geography. Cloud based delivery model is expected to grow rapidly between 2016 and 2022.

The precision farming software market is divided into two delivery models, namely, on premises, and cloud based. The precision farming software market for cloud based delivery model is expected to grow at the highest rate between 2016 and 2022. The implementation rate of cloud based model is expected to be high compared to on premise model because this model has advantages such as it provides large data storage, facilitate cost saving, and reduce energy consumption.

The yield monitoring application is expected to hold the largest share of the precision farming software market between 2016 and 2022. Yield monitoring is the most extensively used application in precision farming software as it help to understand field variability and helps farmers in maximizing their yields. Yield monitoring provides farmers the necessary information about weather conditions, soil properties, and fertilizers which may affect the overall grain production. Soil monitoring is the foremost application of yield monitoring. Soil monitoring is used to detect soil parameters that are needed for an efficient yield production.

Weather tracking & forecasting application is expected to grow at highest rate between 2016 and 2022. Weather tracking is one of the important parameters in precision farming as it facilitates up-to-date information of prevailing climatic conditions, such as temperature, rain, wind speed and direction, solar radiation, and so on. Weather tracking helps make decisions before severe and potentially dangerous conditions occur, thereby protecting a farmer’s family or business. Weather forecasting predicts the probability of precipitation, amount of cloud cover, and maximum or minimum temperatures. The growth is attributed to the increasing awareness of farmers to get the knowledge of weather conditions to plan their farm operations in advance. In the APAC region majority of crop production is mainly dependent on rains. This factor plays a vital role in the growth of the weather tracking and forecasting application in the precision farming software market.

Precision Farming Software Market

The precision farming market in APAC is expected to grow at the highest rate between 2016 and 2022. APAC has large farmlands and a high population growth rate. APAC has a huge regional spread, which comprises countries such as China, Japan, India, Australia, South Korea, and Rest of APAC. Moreover, the political support and investment in agriculture by the Asian governments is playing a crucial role in the development of the agricultural market. The Americas held the largest share of the precision farming software market in 2015. The need for advanced agricultural solutions is expected to drive the growth of the precision farming software market in this region. The countries in the American region such as the U.S. and Canada are the early adopters of the precision farming technologies, which is the major factor for the high market share of this region in the precision farming software market. Farmers or growers in this region are increasingly adopting advanced farming systems, farm management software, mobile applications, cloud services, imagery services, and data analytics services.

The main restraint for the companies in the precision farming software market are high initial capital investment. The major vendors in the precision farming software market include Deere & Company (U.S.), Trimble, Inc. (U.S.), AgJunction, Inc. (U.S.), and Raven Industries (U.S.) among others. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of customers.

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