Market Size of United States Precision Farming Software Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 11.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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United States Precision Farming Software Market Analysis
The US precision farming software market (henceforth, referred to as the market studied) was valued at USD 521.9 million in 2019, and it is projected to register a CAGR of 11.1% during the period, 2020-2025 (henceforth, referred to as the forecast period). By application, the crop management segment occupied the largest market share of 31.6%, in 2019, followed by financial management, and weather tracking and forecasting. Among all the segments categorized by application, the segment for crop management is projected to witness the highest CAGR of 12.4%, over the forecast period.