Precision Farming Software Market - Segmented by Type, Application, and Geography- Growth, Trends, and Forecast (2020 - 2025)

The global precision farming software market is segmented by type into on-farm based and cloud-based software, by application into Crop Management, Financial Management, Farm Inventory Management, Personnel Management, Weather Tracking and Forecasting, and others. A detailed geographical analysis covers more than 16 demographics.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

16.7 %

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Market Overview

The global precision farming software market was valued at USD 993.24 million in 2019 and is anticipated to register a CAGR of 16.7% during the forecast period(2020-2025).

  • Increasing awareness about the benefits of precision agriculture, in optimizing agricultural production, has resulted in a great boom in the precision agriculture market. With the growing food demand, owing to the increasing population, the adoption of precision agriculture tools is inevitable for farmers. The advancements and innovations in technology are the major factors driving the precision agriculture market, helping the farmers maximize their yield and minimize losses with efficient use of resources.
  • North America is the largest and mature market for precision agriculture, followed by Europe. Together, these two regions constitute more than 50% of the precision agriculture software market, globally.

Scope of the Report

Precision agriculture software is a farm management software that uses information technology and ensures that soil, as well as crop, receive the optimum amount of nutrients needed to maximize the production, thereby increasing the crop yield. This approach helps the user to receive real-time information about plant health, soil requirements, weather predictions and cost of labor incurred to complete a particular task in the field. Various sensors in the field, such as satellite and robotic drones provide data and images, which help farmers take immediate decisions on providing fertilizers, water or crop protection chemicals needed by the crop, for normal functioning.

Application
Crop Management
Financial Management
Farm Inventory Management
Personnel Management
Weather Tracking and Forecasting
Others
Type
Local/Web-based
Cloud-based
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Rest of the World

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Key Market Trends

Decreasing skilled labor in agriculture

Precision farming is a way of farming in which internet of things (IOT), softwares, and other technlologies are used to utilize farm inputs in an productive way to cut the cost. According to International Labor Organization, Globally, in 2016, 28.81% of human resource were engaged in agriculture are skilled. This has reduced to 28.40% in 2017 which further decreased to 28.26% in 2016. As precision agriculture needs skilled labor who are at acute shortage of availability, presicion farmers admire and tend to consume softwares that can be productive with the current challenge. This scenario is one of the major factors that pendulate the market forward.

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North America to Dominate the Global Precision Farming Software Market

North America is one of the most important regions in the world for precision agriculture apart from Europe and Brazil. Wide Area Augmentation System (WAAS), a GNSS based solution, is the most popular technology in North America. The segment has 66% of market penetration. A large potential for satellite-based devices and equipment lies in the North American Market. The market growth is primarily accelerated by the increasing demand for Real-Time Kinetic technology, fertilizer and sprayer controllers, robotics, variable rate irrigation, networks and remotes sensing technologies.AgLeader, Agri-vision, Blue River Technologies, Crop Venture Incorporated, Farm Works, Holland Scientifics are some of the precision agriculture software-based companies based in the United States market.

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Competitive Landscape

The results of the market share analysis indicate that the market is highly fragmented with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. This is one of the major factors for the fragmented nature of the market.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Crop Management

      2. 5.1.2 Financial Management

      3. 5.1.3 Farm Inventory Management

      4. 5.1.4 Personnel Management

      5. 5.1.5 Weather Tracking and Forecasting

      6. 5.1.6 Others

    2. 5.2 Type

      1. 5.2.1 Local/Web-based

      2. 5.2.2 Cloud-based

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 AG DNA

      2. 6.3.2 AG Junction

      3. 6.3.3 AG Leader Technology

      4. 6.3.4 AGCO Corporation

      5. 6.3.5 Agribotix

      6. 6.3.6 Bayer CropScience AG

      7. 6.3.7 Case IH Agriculture

      8. 6.3.8 ClearAg Operations

      9. 6.3.9 Conservis Corporation

      10. 6.3.10 Deere & Company

      11. 6.3.11 Fairport Farm Software

      12. 6.3.12 IBM

      13. 6.3.13 Mapshots Inc.

      14. 6.3.14 Raven Industries

      15. 6.3.15 Topcon Positioning Systems

      16. 6.3.16 Trimble Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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