Precision Farming Market is Expected To Witness Growth of Worth $12.9 Billion By 2027 “The global precision farming market is projected to reach USD 12.9 billion by 2027 with a CAGR of 13.0.”
Global Precision farming Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Precision farming Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Precision farming Business, Market Share of Product, Application and Regional Scope of Precision farming which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making. The global precision farming market is projected to reach USD 12.9 billion by 2027 with a CAGR of 13.0. Precision farming is known as site-specific crop management and satellite farming, which is a smart farming technique that uses information technologies such as IoT, GIS, GPS and remote sensing tools. These tools collect a large amount of essential information, which helps farmers in making efficient decisions regarding crop planting, fertilizing, and harvesting. Thus, these benefits are expected to propel the market growth in the forthcoming years. Furthermore, precision farming systems include sensing devices, antennas & access points, and automation & control systems. Additionally, it is equipped with a wide range of innovative technologies such as cloud computing, big data, robotics & automation, bioengineering, and imagery & sensors. These advancements are anticipated to upsurge the market growth during the forecast period, 2020 to 2027. Rising adoption of telematics and soil sensors in the agricultural sector is expected to fuel the precision agriculture market growth in the forthcoming years. Soil sensors are used for measuring the various important soil properties, which helps farmer while sowing the seeds. The telematics services use the global navigation satellite system (GNSS), for the tracking farming equipment. Additionally, various manufacturers of farming equipment are incorporating telematics services, in order to enhance their farming efficiency.
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