LONDON–(BUSINESS WIRE)–The precision farming tools software market is expected to grow by USD 914.90 million, progressing at a CAGR of over 13% during the forecast period.
Click & Get Free Sample Report in Minutes
The demand for proactive control of farm operations is one of the major factors propelling market growth. However, factors such as high initial investment by farmers will hamper the market growth.
More details: https://www.technavio.com/report/precision-farming-tools-software-market-industry-analysis
Precision Farming Tools Software Market: Delivery Model Landscape
Cloud-based software for precision farming tools has many applications in the agriculture ecosystem. The cloud-based software market also covers the revenue generated from cloud-based software services. Using cloud-based software for precision farming tools, farmers can make an accurate prediction of the crop growth stage and adjust the production accordingly. To access a cloud-based software for precision farming tools, farmers do not require to purchase and maintain their own server to run the software. Therefore, the flexibility and ease of expansion while using cloud-based software for precision farming tools are expected to drive the market during the forecast period.
Precision Farming Tools Software Market: Geographic Landscape
North America was the largest precision farming tools software market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing inclination of farmers toward technology-based farming practices and increase farming output will significantly drive precision farming tools software market growth in this region over the forecast period. 34% of the market’s growth will originate from North America during the forecast period. The US is a key market for precision farming tools software in North America. However, market growth in this region will be slower than the growth of the market in other regions.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Information Technology Include:
Global RFID Tags for Livestock Management Market: The RFID tags market for livestock management market size has the potential to grow by USD 1.18 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Companies Covered:
- Ag Leader Technology
- AgJunction Inc.
- Agrivi d.o.o.
- Bayer AG
- Deere & Co.
- Farmers Edge Inc.
- Pear Agri Ltd.
- Raven Industries Inc.
- TELUS Communications Inc.
- Trimble Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Delivery Model
- Market segments
- Comparison by Delivery Model
- Cloud-based – Market size and forecast 2019-2024
- Local web-based – Market size and forecast 2019-2024
- Market opportunity by Delivery Model
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ag Leader Technology
- AgJunction Inc.
- Agrivi d.o.o.
- Bayer AG
- Deere & Co.
- Farmers Edge Inc.
- Pear Agri Ltd.
- Raven Industries Inc.
- TELUS Communications Inc.
- Trimble Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.