Precision Farming Market to Soar at a CAGR of 11.7% to 2020 Dominated by Software Applications
The precision farming market is expected to reach USD 4.80 billion by 2020, at a CAGR of 11.7% between 2015 and 2020. Variable rate technology is expected to dominate the technology segment of the precision agriculture market during the forecast period between 2015 and 2020.
Pune, India – January 25, 2016 /MarketersMedia/ —
The precision farming market is expected to reach USD 4.80 billion by 2020, at a CAGR of 11.7% between 2015 and 2020. The major driving factors for the precision farming market are extended profitability and production in farming with the use of technology and tools.
Complete report on precision farming market spread across 182 pages, profiling 10 companies and supported with 74 tables and 61 figures is now available at http://www.reportsnreports.com/reports/268230-precision-farming-market-by-technology-gps-gnss-gis-remote-sensing-vrt-components-automation-control-sensors-fms-applications-yield-monitoring-vra-mapping-soil-monitoring-scouting-global-forecast-analysis-2013-2018-.html .
The variable rate technology is expected to dominate the technology segment of the precision farming market as it helps in applying the required amount of input sources such as fertilizers, irrigation water, and others at the right place on field. It helps in minimizing the wastage of resources and enhances the fertility of land.
The software application is expected to dominate the application segment of the precision farming market as it helps in different functions of farming such as for data management, data security, crop health monitoring, farm work mapping, and stock management among various others.
Being the pioneering nation of precision farming and the presence of top players the Americas, it is expected to hold the largest share of the overall global precision farming market.
The geographic segmentation covers four major regions of the world, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The report also profiles major players in the precision farming market. The major players in this market include Deere & Company (U.S.), Trimble Navigation Ltd. (U.S.), Ag Junction (U.S.), Raven Industries Inc. (U.S.), and AGCO Corporation (U.S.). Ask for a discount before order a copy of Precision Farming Market by Technology (Guidance Systems, Variable Rate Application, Remote Sensing), Hardware Devices and Software & Services, Application, and Geography – Global Forecast to 2020 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=268230 .
This report caters to the needs of leading companies, end users, and other related stakeholders in this market. Other parties that could benefit from the report include government bodies, environmental agencies, consulting firms, business development executives, C-level employees, and VPs. Our report would help you analyze new opportunities and potential revenue sources and enhance your decision-making process for new business strategies. The quantitative and qualitative information in the report along with our comprehensive analysis would help you gain an edge in the market.
On a related note, another research titled with Vertical Farming Market Global Forecast to 2020 says, The vertical farming market is expected to reach USD 3.88 billion by 2020, at a CAGR of 30.7% between 2015 and 2020. The major driving factors for the vertical farming market are need for high quality of food with no use of pesticides, no crop failures related to weather, increasing urban population, and growth in the year round production of crops. Companies like Aerofarms (U.S.), Farmed Here (U.S.), Koninklijke Philips N.V. (Netherlands), Illumitex, Inc. (U.S.), and Sky Greens (Singapore) have been comprehensively profiled in this 173 pages research available at http://www.reportsnreports.com/reports/457086-vertical-farming-market-by-functional-device-lighting-hydroponic-component-climate-control-and-sensors-growth-mechanism-aeroponics-hydroponics-and-others-and-by-geography-global-forecast-to-2020.html .
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