Global Precision Farming Software Market Research and Forecast, 2019-2025
|発行||Orion Market Research Pvt Ltd||商品コード||825136|
|精密農業ソフトウェアの世界市場の調査と予測 Global Precision Farming Software Market Research and Forecast, 2019-2025|
|出版日: 2019年03月29日||ページ情報: 英文||
GLOBAL PRECISION FARMING SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
Precision Farming Software Market Size, Share & Trends Analysis Report, by Application (Field Mapping, Yield Monitoring, Crop Scouting, Weather Tracking and Forecasting and Others), by Deployment Model (Sensing Devices, Guidance and Steering, Monitors & Display Devices, GPS/GNSS Devices, and Others) and Forecast, 2019-2025
Precision farming is a technique that relies on specialized software, equipment, and IT services. The approach allows accessing real-time data regarding the conditions of crops, ambient air, and soil along with other essential information, including the availability of equipment, hyper-local weather conditions, and labor costs. Predictive analytics software utilizes the data that enables to offer support to the farmers in terms of soil management, crop rotation and harvesting times. With the growing modernization in farming practices, such as adoption of IoT, the demand for precision farming software has been rising significantly for various applications, including field mapping, crop management, and yield monitoring.
Moreover, the major factors that are contributing to the growth of the market include advances in precision farming software and government initiatives to encourage precision farming. For instance, in December 2018, the Government of Canada introduced advanced funding competition for the agriculture sector. This is intended to boost the agriculture sector, promote innovations and create jobs by investing in solutions, including precision agricultural platforms, machine learning, artificial intelligence, interconnected software and hardware, and blockchain. The funding between $10 million and $50 million will be offered to the research and non-profit organizations, network and group of private sector companies. These institutions will work collaboratively for the development and delivery of advancing digital and automation applications in the agriculture sector. Such funding initiative is supporting companies and researchers that are working on the development of precision farming software. This, in turn, leads to encouraging the efficiency and accuracy of precision farming software and thereby pushing farmers to adopt this technology for better farm management.
Furthermore, the global precision farming software market is segmented into application and hardware. On the basis of application, the market is further segmented into yield monitoring, financial management, crop scouting, field mapping, weather tracking and forecasting, labor management, inventory management, and others. Moreover, geographically, the market is segmented into four major regions, such as North America, Europe, Asia-Pacific, and RoW. The factors that are boosting the demand for precision farming software in North America comprise government initiatives to promote precision agriculture. Additionally, Asia-Pacific is estimated to grow with a significant pace due to increasing adoption of advanced farming practices.
Some key players that are working in the market include Deere & Co., Trimble, Inc., E.I. du Pont de Nemours, and Co., Farmers Edge, Inc. and Raven Industries, Inc. The strategies followed by these companies to increase market share include merger and acquisitions, product launches and collaboration. For instance, in November 2018, Farmers Edge, Inc. and Richardson Pioneer Ltd. entered into an exclusive multi-year collaboration. The partnership is designed to allocate digital precision technology to growers across Western Canada. With the incorporation of digital agronomic tools offered by Farmers Edge group into a wide retail network of Richardson would enable to increase the customized service level for mutual growers of both the companies. This partnership would create a significant opportunity for commercialization of Farmers Edge digital agronomic tools, such as FarmCommand, a next-generation precision farming technology, across Canada.
The market study of the global precision farming software market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.