Home › News Updates › MarketsandMarkets Quoted as a Key Source by Internet Society for Trends in Precision Farming Market
Internet Society recently mentioned MarketsandMarkets for the latest and future trends in precision farming market.
Precision farming is rapidly gaining popularity among farmers, mainly due to the advantages of integrating farming with new technologies. The global market for precision farming is expected to be valued at $7.87 Billion by 2022, growing at a high CAGR of 13.47% during the forecast period from 2016 to 2022. This growth can be majorly contributed to the adoption of new technologies in order to increase efficiency and reduce production cost, growing demand for food across the globe, and government support for adoption of modern farming and agricultural techniques.
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Report mentioned in the above news is,
Precision Farming Market by Technology (Guidance System, Remote Sensing, Variable Rate Technology), Offering (Hardware Automation & Control System, Sensor & Monitoring Device, Software, Services), Application, and Geography - Global Forecast to 2022
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