+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Precision Farming Software Market by Delivery Model (On-premises, Cloud-based), Application (Yield Monitoring, Field Mapping, Variable Rate Application, Weather Tracking & Forecasting), Service, Technology and Region - Forecast to 2029

  • PDF Icon

    Report

  • 268 Pages
  • March 2024
  • Region: Global
  • Markets and Markets
  • ID: 5949854
Description Jump to:
The Precision Farming Software Market is projected to reach from USD 1.7 billion in 2024 to USD 3.1 billion by 2029; it is expected to grow at a CAGR of 12.5% from 2024 to 2029. Crop scouting serves as a vital component in precision farming, offering real-time, ground-level insights that complement data collected by sensors and drones. By providing immediate, on-the-ground observations, crop scouting empowers farmers to make decisions that are both accurate and timely.

Additionally, crop scouting plays a crucial role in early issue detection, allowing farmers to identify problems such as pest infestations, diseases, and nutrient deficiencies before they escalate. This early detection enables farmers to take proactive measures to mitigate damage and prevent potential yield losses. Furthermore, the integration of scouting data into precision farming software enhances this proactive approach by enabling targeted interventions tailored to specific areas of the field. By leveraging the insights gained from crop scouting, farmers can implement precise and effective strategies to address issues, optimize resource allocation, and ultimately enhance overall crop health and productivity.

Key players operating in the precision farming software market are Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Raven Industries, Inc. (US) and AgEagle Aerial Systems Inc (US).

The cloud-based delivery model is projected to grow at the highest CAGR during the forecast period.

The scalability of cloud-based solutions provides farmers with the flexibility to adapt their operations according to their requirements without significant infrastructure investments. This flexibility allows farmers to easily adjust the scale of their operations, whether they are managing a small family farm or a large commercial enterprise, without the need for extensive hardware upgrades. Additionally, the accessibility offered by cloud-based precision farming software enables farmers to monitor and manage their operations from any location with an internet connection. This accessibility empowers farmers to make timely decisions regardless of their physical location, thereby enhancing overall operational efficiency

Variable rate technology is projected to have the highest growth during the forecast period.

Varibale rate technology plays a crucial role in facilitating yield maximization by addressing spatial variability within fields and effectively managing various factors such as nutrient deficiencies, pest pressures, and irrigation needs. By utilizing VRT, farmers can tailor their input applications to the specific needs of different areas within their fields, optimizing crop growth and ultimately leading to higher yields and increased profitability. Additionally, VRT contributes to environmental sustainability by reducing over-application of inputs, thereby minimizing environmental impacts such as nutrient runoff and soil erosion. This targeted approach not only conserves resources but also helps protect ecosystems and water quality, promoting long-term sustainability in agriculture.

Asia Pacific region is likely to grow at the highest CAGR.

With the Asia Pacific region hosting a large and expanding population, the demand for food security is escalating, underscoring the critical role of precision farming software. By maximizing yields, enhancing crop quality, and mitigating post-harvest losses, precision farming software plays a pivotal role in meeting this growing demand for food. Moreover, the active promotion of precision farming by governments through subsidies, initiatives, and support programs further highlights its significance in bolstering food security. By incentivizing farmers to adopt precision farming practices, governments aim to increase agricultural productivity, reduce food shortages, and foster rural development. In essence, precision farming software stands as a key solution in addressing the challenges of food security in the Asia Pacific region, offering a pathway towards sustainable agricultural practices and ensuring a reliable food supply for the region's population.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type - Tier 1 - 35%, Tier 2 - 40%, Tier 3 - 25%
  • By Designation - C-level Executives - 30%, Directors - 40%, Others - 30%
  • By Region - Americas - 40%, Europe - 32%, Asia Pacific - 23%, RoW - 5%
The precision farming software market is dominated by a few globally established players such as Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Raven Industries, Inc. (US), AgEagle Aerial Systems Inc (US), AgJunction LLC (US), Ag Leader Technology (US), TOPCON CORPORATION (Japan), Climate LLC (US), TeeJet Technologies (US). The study includes an in-depth competitive analysis of these key players in the precision farming software market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the precision farming software market and forecasts its size by delivery model, technology, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions - Americas, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the precision farming software ecosystem.

Key Benefits to Buy the Report:

  • Analysis of Key Drivers (Rapid adoption of advanced technologies in precision farming software, Rapid adoption of advanced technologies in precision farming software, Rapid adoption of advanced technologies in precision farming software). Restraints (Rapid adoption of advanced technologies in precision farming software, Requires specialized expertise to navigate effectively). Opportunities (Requires specialized expertise to navigate effectively, Establishing intellectual property benefits on farming innovations, Rising use of AI-based solutions in precision farming software, Adoption of digital technologies in sustainable farming) and Challenges (Legal, ethical and social barriers related to data ownership, privacy and security, Lack of standardization and compatibility among different technologies).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the precision farming software market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the precision farming software market across varied regions
  • Market Diversification: Exhaustive information about new software, untapped geographies, recent developments, and investments in the precision farming software market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Raven Industries, Inc. (US), AgEagle Aerial Systems Inc (US) among others in the precision farming software market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Precision Farming Software Market Segmentation
1.3.2 Regional Scope
1.3.3 Inclusions and Exclusions
1.3.4 Years Considered
1.4 Currency Considered
1.5 Stakeholders
1.6 Summary of Changes
1.7 Impact of Recession
2 Research Methodology
2.1 Research Data
Figure 2 Precision Farming Software Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 List of Primary Interview Participants
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation Methodology
Figure 3 Precision Farming Software Market: Process Flow
2.2.1 Top-Down Approach
2.2.1.1 Approach to Arrive at Market Size Using Top-Down Analysis (Supply Side)
Figure 4 Precision Farming Software Market: Top-Down Approach
Figure 5 Precision Farming Software Market Size Estimation Methodology: Supply Side (Approach 1)
Figure 6 Precision Farming Software Market Size Estimation Methodology: Supply Side (Approach 2)
2.2.2 Bottom-Up Approach
2.2.2.1 Approach to Arrive at Market Size Using Bottom-Up Analysis (Demand Side)
Figure 7 Precision Farming Software Market: Bottom-Up Approach
Figure 8 Precision Farming Software Market Size Estimation Methodology (Demand Side)
2.3 Growth Forecast
2.4 Market Breakdown and Data Triangulation
Figure 9 Precision Farming Software Market: Data Triangulation
2.5 Research Assumptions
Table 1 Precision Farming Software Market: Research Assumptions
2.6 Research Limitations
2.7 Risk Factors
Table 2 Precision Farming Software Market: Risk Factors
2.8 Risk Assessment
Figure 10 Precision Farming Software Market: Risk Assessment
Table 3 Precision Farming Software Market: Recession Impact
3 Executive Summary
Figure 11 Precision Farming Software Market, 2020-2029 (USD Billion)
Figure 12 On-Premises Delivery Model to Hold Larger Share of Precision Farming Software Market in 2029
Figure 13 Guidance Technology to Account for Largest Market Share in 2023
Figure 14 Yield Monitoring Application to Dominate Precision Farming Software Market During Forecast Period
Figure 15 Asia-Pacific to Record Highest CAGR in Precision Farming Software Market Between 2024 and 2029
4 Premium Insights
4.1 Attractive Opportunities for Players in Precision Farming Software Market
Figure 16 Rising Adoption of Advanced Agricultural Technologies to Offer Lucrative Opportunities for Players in Precision Farming Software Market
4.2 Precision Farming Software Market, by Delivery Model
Figure 17 On-Premises Delivery Model to Dominate Market from 2024 to 2029
4.3 Precision Farming Software Market, by Application
Figure 18 Yield Monitoring Application to Hold Largest Market Share in 2029
4.4 Precision Farming Software Market, by Technology
Figure 19 Guidance Technology to Dominate Market Between 2024 and 2029
4.5 Precision Farming Software Market, by Region
Figure 20 Asia-Pacific to Exhibit Highest CAGR in Precision Farming Software Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Precision Farming Software Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rapid Advancements in AI and ML Technologies
5.2.1.2 Increased Adoption of IoT Devices to Collect Real-Time Agricultural Data
5.2.1.3 High Emphasis on Enhancing Food Security
Figure 22 Impact Analysis: Drivers
5.2.2 Restraints
5.2.2.1 High Upfront Costs of Precision Farming Software
5.2.2.2 Requirement for High Expertise to Effectively Operate Farming Software
Figure 23 Impact Analysis: Restraints
5.2.3 Opportunities
5.2.3.1 Establishment of Standardized Agricultural Data Protocols
5.2.3.2 Development of Supportive Intellectual Property Frameworks
5.2.3.3 Use of AI-Powered Drones in Farming
5.2.3.4 Adoption of Digital Technologies to Promote Sustainable Farming
Figure 24 Impact Analysis: Opportunities
5.2.4 Challenges
5.2.4.1 Legal, Ethical, and Social Issues Related to Agricultural Data Ownership, Privacy, and Security
5.2.4.2 Lack of Standardization of Agricultural Technologies
Figure 25 Impact Analysis: Challenges
5.3 Supply Chain Analysis
Figure 26 Precision Farming Software Market: Supply Chain Analysis
5.4 Ecosystem Analysis
Table 4 Role of Key Players in Precision Farming Software Ecosystem
Figure 27 Key Players in Precision Farming Software Ecosystem
5.5 Investment and Funding Scenario
Figure 28 Precision Farming Software Market: Investment and Funding Scenario
5.6 Trends/Disruptions Impacting Customers’ Businesses
Figure 29 Precision Farming Software Market: Trends/Disruptions Impacting Customers’ Businesses
5.7 Technology Analysis
5.7.1 Key Technology
5.7.1.1 Global Positioning Systems/Global Navigation Satellite Systems
5.7.1.2 Data Analytics & Machine Learning
5.7.2 Complimentary Technology
5.7.2.1 Artificial Intelligence
5.7.3 Adjacent Technology
5.7.3.1 Internet of Things (IoT)
5.8 Case Study Analysis
5.8.1 Loacker Deploys Cropin's Smart Farming Solutions to Ensure Sustainable Hazelnut Production
5.8.2 Accenture Collaborates with Proagrica to Develop User Interfaces and Data Service Platforms for Farmers
5.8.3 Cropx Technologies Ltd. and Reinke Manufacturing Co. Inc. Develop Water Management Solutions to Boost Sustainable Farming
5.8.4 Agco Corporation Develops Innovative Solutions to Integrate Farm Equipment into Single Platform
5.9 Porter's Five Force Analysis
Table 5 Precision Farming Software Market: Porter's Five Forces Analysis
Figure 30 Precision Farming Software Market: Porter's Five Forces Analysis
5.9.1 Intensity of Competitive Rivalry
5.9.2 Threat of Substitutes
5.9.3 Bargaining Power of Buyers
5.9.4 Bargaining Power of Suppliers
5.9.5 Threat of New Entrants
5.10 Trade Analysis
5.10.1 Import Scenario
Figure 31 Import Data for HS Code 8433-Compliant Products, by Country, 2018-2022 (USD Million)
Table 6 Import Data for HS Code 8433-Compliant Products, by Country, 2018-2022 (USD Million)
5.10.2 Export Scenario
Figure 32 Export Data for HS Code 8433-Compliant Products, by Country, 2018-2022 (USD Million)
Table 7 Export Data for HS Code 8433-Compliant Products, by Country, 2018-2022 (USD Million)
5.11 Patent Analysis
Table 8 Precision Farming Software Market: List of Patents, 2020-2023
Figure 33 Precision Farming Software: Patents Applied and Granted, 2014-2023
5.12 Key Conferences and Events, 2024
Table 9 Precision Farming Software Market: List of Key Conferences and Events, 2024
5.13 Regulatory Landscape and Standards
5.13.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.13.2 Standards
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 34 Precision Farming Software Market: Influence of Stakeholders in Buying Process for Top Three Applications
Table 14 Precision Farming Software Market: Influence of Stakeholders on Buying Process for Top Three Applications
5.14.2 Buying Criteria
Figure 35 Precision Farming Software Market: Key Buying Criteria for Top Three Applications
Table 15 Precision Farming Software Market: Key Buying Criteria for Top Three Applications
5.15 Pricing Analysis
5.15.1 Average Selling Price of Precision Farming Software
Figure 36 Average Selling Price of Precision Farming Software, 2020-2023
5.15.2 Average Selling Price of Precision Farming Software Offered by Key Players
Table 16 Average Selling Price of Precision Farming Software Offered by Key Players, 2023
5.15.3 Average Selling Price of Precision Farming Software for Cloud-based Delivery Model, by Region
Table 17 Average Selling Price of Precision Farming Software for Cloud-based Delivery Model, by Region, 2020-2023 (USD)
6 Precision Farming Software Services
6.1 Introduction
6.2 System Integration Services
6.3 Managed Services
6.3.1 Farm Operation Services
6.3.2 Data Services
6.3.3 Analytics Services
6.4 Connectivity Services
6.5 Assisted Professional Services
6.5.1 Supply Chain Management Services
6.5.2 Climate Information Services
6.5.3 Other Assisted Professional Services
6.6 Maintenance, Upgradation & Support Services
7 Precision Farming Software Market, by Delivery Model
7.1 Introduction
Table 18 Precision Farming Software Market, by Delivery Model, 2020-2023 (USD Million)
Table 19 Precision Farming Software Market, by Delivery Model, 2024-2029 (USD Million)
Figure 37 Cloud-based Delivery Model to Record Highest CAGR in Precision Farming Software Market During Forecast Period
7.2 On-Premises
7.2.1 Enforcement of Regulations to Ensure Agricultural Data Privacy and Security to Boost Segmental Growth
Table 20 On-Premises: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 21 On-Premises: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 22 On-Premises: Precision Farming Software Market in Americas, by Region, 2020-2023 (USD Million)
Table 23 On-Premises: Precision Farming Software Market in Americas, by Region, 2024-2029 (USD Million)
7.3 Cloud-based
7.3.1 Easy Accessibility and Scalability to Fuel Demand for Cloud-based Precision Farming Technology
Table 24 Cloud-based: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 25 Cloud-based: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 26 Cloud-based: Precision Farming Software Market in Americas, by Region, 2020-2023 (USD Million)
Table 27 Cloud-based: Precision Farming Software Market in Americas, by Region, 2024-2029 (USD Million)
7.3.2 Software-As-A-Service
7.3.3 Platform-As-A-Service
8 Precision Farming Software Market, by Technology
8.1 Introduction
Table 28 Precision Farming Software Market, by Technology, 2020-2023 (USD Million)
Table 29 Precision Farming Software Market, by Technology, 2024-2029 (USD Million)
Figure 38 Guidance Technology to Dominate Precision Farming Software Market Between 2024 and 2029
8.2 Guidance Technology
Table 30 Guidance Technology: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 31 Guidance Technology: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 32 Guidance Technology: Precision Farming Software Market, by Type, 2020-2023 (USD Million)
Table 33 Guidance Technology: Precision Farming Software Market, by Type, 2024-2029 (USD Million)
8.2.1 Gps-/Gnss-based
8.2.1.1 Deployment of Gps-/Gnss-based Guidance Technology to Customize Agricultural Fields to Facilitate Segmental Growth
8.2.2 Gis-based
8.2.2.1 Reliance on Gis Technology to Manage Spatial Data to Contribute to Segmental Growth
8.3 Remote Sensing & Control System Technology
Table 34 Remote Sensing & Control System Technology: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 35 Remote Sensing & Control System Technology: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 36 Remote Sensing & Control System Technology: Precision Farming Software Market, by Type, 2020-2023 (USD Million)
Table 37 Remote Sensing & Control System Technology: Precision Farming Software Market, by Type, 2024-2029 (USD Million)
8.3.1 Handheld/Ground-based Sensors
8.3.1.1 Implementation of Handheld/Ground-based Sensors to Collect Real-Time Crop Health Data to Accelerate Segmental Growth
8.3.2 Satellite/Aerial Sensors
8.3.2.1 Adoption of Satellite/Aerial Sensors to Analyze Field and Crop Conditions to Foster Segmental Growth
8.4 Variable Rate Technology
Table 38 Variable Rate Technology: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 39 Variable Rate Technology: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 40 Variable Rate Technology: Precision Farming Software Market, by Type, 2020-2023 (USD Million)
Table 41 Variable Rate Technology: Precision Farming Software Market, by Type, 2024-2029 (USD Million)
8.4.1 Map-based
8.4.1.1 Deployment of Variable Rate Technology to Generate Detailed Field Maps and Allocate Resources to Boost Segmental Growth
8.4.2 Sensor-based
8.4.2.1 Utilization of Advanced Sensors in Precision Farming to Collect Real-Time Data to Propel Market
9 Precision Farming Software Market, by Application
9.1 Introduction
Table 42 Precision Farming Software Market, by Application, 2020-2023 (USD Million)
Table 43 Precision Farming Software Market, by Application, 2024-2029 (USD Million)
Figure 39 Weather Tracking & Forecasting Application to Record Highest CAGR from 2024 to 2029
9.2 Yield Monitoring
Table 44 Yield Monitoring Benefits
Table 45 Yield Monitoring: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 46 Yield Monitoring: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 47 Yield Monitoring: Precision Farming Software Market, by Type, 2020-2023 (USD Million)
Table 48 Yield Monitoring: Precision Farming Software Market, by Type, 2024-2029 (USD Million)
9.2.1 On-Farm
9.2.1.1 Adoption of On-Farm Yield Monitoring Systems to Address Yield Inconsistencies Caused by Irrigation to Fuel Segmental Growth
9.2.2 Off-Farm
9.2.2.1 Use of Off-Farm Yield Monitors to Draw Data from Agricultural Cooperatives to Accelerate Segmental Growth
9.3 Crop Scouting
9.3.1 Requirement for Mitigating Crop Damage and Enhancing Yields to Boost Segmental Growth
Table 49 Crop Scouting: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 50 Crop Scouting: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
9.3.2 Pre-Seeding Scouting
9.3.3 Post-Seeding Scouting
9.3.4 Crop Monitoring
9.4 Field Mapping
Table 51 Field Mapping: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 52 Field Mapping: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 53 Field Mapping: Precision Farming Software Market, by Type, 2020-2023 (USD Million)
Table 54 Field Mapping: Precision Farming Software Market, by Type, 2024-2029 (USD Million)
9.4.1 Boundary Mapping
9.4.1.1 Reliance on Boundary Mapping Solutions to Facilitate Precise Farm Resource Management to Drive Market
9.4.2 Drainage Mapping
9.4.2.1 Adoption of Precision Farming Software to Optimize Drainage Infrastructure to Augment Segmental Growth
9.5 Weather Tracking & Forecasting
9.5.1 Requirement for Real-Time Weather Data to Enhance Crop Management to Propel Market
Table 55 Weather Tracking & Forecasting: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 56 Weather Tracking & Forecasting: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
9.6 Inventory Management
9.6.1 Implementation of Inventory Management Software with Traceability Features to Foster Segmental Growth
Table 57 Inventory Management: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 58 Inventory Management: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
9.7 Variable Rate Application
Table 59 Variable Rate Application: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 60 Variable Rate Application: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 61 Variable Rate Application: Precision Farming Software Market, by Type, 2020-2023 (USD Million)
Table 62 Variable Rate Application: Precision Farming Software Market, by Type, 2024-2029 (USD Million)
9.7.1 Precision Irrigation
9.7.1.1 Use of Precision Irrigation Systems to Reduce Water Wastage to Contribute to Segmental Growth
9.7.2 Precision Fertilization
9.7.2.1 Adoption of Precision Fertilization Systems to Optimize Nutrient Usage and Enhance Plant Growth to Drive Market
9.7.3 Precision Seeding
9.7.3.1 Reliance on Precision Seeding Systems to Minimize Seed Wastage to Facilitate Segmental Growth
9.7.4 Other Variable Rate Applications
9.8 Farm Labor Management
9.8.1 Need for Effective Farm Labor Management to Enhance Operational Efficiency to Drive Market
Table 63 Farm Labor Management: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 64 Farm Labor Management: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
9.9 Financial Management
9.9.1 Use of Financial Management Solutions to Manage Expenses and Improve Business Operations to Propel Market
Table 65 Financial Management: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 66 Financial Management: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
9.10 Other Applications
Table 67 Other Applications: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 68 Other Applications: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
10 Precision Farming Software Market, by Region
10.1 Introduction
Table 69 Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 70 Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Figure 40 Asia-Pacific to Exhibit Highest CAGR in Precision Farming Software Market Between 2024 and 2029
10.2 Americas
10.2.1 Recession Impact on Precision Farming Software Market in Americas
Figure 41 Americas: Precision Farming Software Market Snapshot
Table 71 Americas: Precision Farming Software Market, by Region, 2020-2023 (USD Million)
Table 72 Americas: Precision Farming Software Market, by Region, 2024-2029 (USD Million)
Table 73 Americas: Precision Farming Software Market, by Delivery Model, 2020-2023 (USD Million)
Table 74 Americas: Precision Farming Software Market, by Delivery Model, 2024-2029 (USD Million)
Table 75 Americas: Precision Farming Software Market, by Application, 2020-2023 (USD Million)
Table 76 Americas: Precision Farming Software Market, by Application, 2024-2029 (USD Million)
Table 77 Americas: Precision Farming Software Market, by Technology, 2020-2023 (USD Million)
Table 78 Americas: Precision Farming Software Market, by Technology, 2024-2029 (USD Million)
10.2.2 North America
Table 79 North America: Precision Farming Software Market, by Country, 2020-2023 (USD Million)
Table 80 North America: Precision Farming Software Market, by Country, 2024-2029 (USD Million)
Table 81 North America: Precision Farming Software Market, by Delivery Model, 2020-2023 (USD Million)
Table 82 North America: Precision Farming Software Market, by Delivery Model, 2024-2029 (USD Million)
10.2.2.1 US
10.2.2.1.1 Rising Investment in Harvesting Robots to Facilitate Market Growth
10.2.2.2 Canada
10.2.2.2.1 Increasing Use of Agricultural Drones to Contribute to Market Growth
10.2.2.3 Mexico
10.2.2.3.1 Growing Emphasis on Promoting Sustainable Farming Practices to Accelerate Market Growth
10.2.3 South America
Table 83 South America: Precision Farming Software Market, by Country, 2020-2023 (USD Million)
Table 84 South America: Precision Farming Software Market, by Country, 2024-2029 (USD Million)
Table 85 South America: Precision Farming Software Market, by Delivery Model, 2020-2023 (USD Million)
Table 86 South America: Precision Farming Software Market, by Delivery Model, 2024-2029 (USD Million)
10.2.3.1 Brazil
10.2.3.1.1 Increasing Adoption of Autonomous Harvesting Technology by Commercial Farmers to Augment Market Growth
10.2.3.2 Argentina
10.2.3.2.1 Rising Focus on Advancing Precision Agriculture Technologies to Increase Crop Productivity to Propel Market
10.2.3.3 Rest of South America
10.3 Europe
10.3.1 Recession Impact on Precision Farming Software Market in Europe
Figure 42 Europe: Precision Farming Software Market Snapshot
Table 87 Europe: Precision Farming Software Market, by Country, 2020-2023 (USD Million)
Table 88 Europe: Precision Farming Software Market, by Country, 2024-2029 (USD Million)
Table 89 Europe: Precision Farming Software Market, by Delivery Model, 2020-2023 (USD Million)
Table 90 Europe: Precision Farming Software Market, by Delivery Model, 2024-2029 (USD Million)
Table 91 Europe: Precision Farming Software Market, by Application, 2020-2023 (USD Million)
Table 92 Europe: Precision Farming Software Market, by Application, 2024-2029 (USD Million)
Table 93 Europe: Precision Farming Software Market, by Technology, 2020-2023 (USD Million)
Table 94 Europe: Precision Farming Software Market, by Technology, 2024-2029 (USD Million)
10.3.2 Uk
10.3.2.1 Increasing Development of Autonomous Farming Vehicles to Facilitate Market Growth
10.3.3 Germany
10.3.3.1 Rising Foreign Investment in Agriculture Industry to Contribute to Market Growth
10.3.4 France
10.3.4.1 Growing Allocation of Funds to Ensure Food Security to Fuel Market Growth
10.3.5 Italy
10.3.5.1 Rapid Advancements in Irrigation Sensors and Other Farming Technologies to Augment Market Growth
10.3.6 Netherlands
10.3.6.1 Increasing Development of Harvesting Robots to Offer Lucrative Opportunities for Precision Farming Software Developers
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Recession Impact on Precision Farming Software Market in Asia-Pacific
Figure 43 Asia-Pacific: Precision Farming Software Market Snapshot
Table 95 Asia-Pacific: Precision Farming Software Market, by Country, 2020-2023 (USD Million)
Table 96 Asia-Pacific: Precision Farming Software Market, by Country, 2024-2029 (USD Million)
Table 97 Asia-Pacific: Precision Farming Software Market, by Delivery Model, 2020-2023 (USD Million)
Table 98 Asia-Pacific: Precision Farming Software Market, by Delivery Model, 2024-2029 (USD Million)
Table 99 Asia-Pacific: Precision Farming Software Market, by Application, 2020-2023 (USD Million)
Table 100 Asia-Pacific: Precision Farming Software Market, by Application, 2024-2029 (USD Million)
Table 101 Asia-Pacific: Precision Farming Software Market, by Technology, 2020-2023 (USD Million)
Table 102 Asia-Pacific: Precision Farming Software Market, by Technology, 2024-2029 (USD Million)
10.4.2 China
10.4.2.1 Government-Led Investments in AI Farming Technology to Drive Market
10.4.3 Japan
10.4.3.1 Advancements in Soil Sensors and Nutrient Mapping Systems to Foster Market Growth
10.4.4 Australia
10.4.4.1 Emphasis on Enhancing Profitability and Sustainability of Farming Solutions to Accelerate Market Growth
10.4.5 India
10.4.5.1 Adoption of Autonomous Vehicles to Perform Agricultural Tasks to Fuel Market Growth
10.4.6 South Korea
10.4.6.1 Establishment of Smart Farming Villages to Drive Market
10.4.7 Rest of Asia-Pacific
10.5 RoW
10.5.1 Recession Impact on Precision Farming Software Market in RoW
Table 103 RoW: Precision Farming Software Market, by Country/Region, 2020-2023 (USD Million)
Table 104 RoW: Precision Farming Software Market, by Country/Region, 2024-2029 (USD Million)
Table 105 RoW: Precision Farming Software Market, by Delivery Model, 2020-2023 (USD Million)
Table 106 RoW: Precision Farming Software Market, by Delivery Model, 2024-2029 (USD Million)
Table 107 RoW: Precision Farming Software Market, by Application, 2020-2023 (USD Million)
Table 108 RoW: Precision Farming Software Market, by Application, 2024-2029 (USD Million)
Table 109 RoW: Precision Farming Software Market, by Technology, 2020-2023 (USD Million)
Table 110 RoW: Precision Farming Software Market, by Technology, 2024-2029 (USD Million)
10.5.2 Middle East & Africa
Table 111 Middle East & Africa: Precision Farming Software Market, by Country/Region, 2020-2023 (USD Million)
Table 112 Middle East & Africa: Precision Farming Software Market, by Country/Region, 2024-2029 (USD Million)
10.5.2.1 Gcc Countries
10.5.2.1.1 Deployment of Advanced Agricultural Technologies to Drive Market
10.5.2.2 Rest of Middle East & Africa
10.5.3 Russia
10.5.3.1 Increasing Development of Crop Production Software to Accelerate Market Growth
11 Competitive Landscape
11.1 Overview
11.2 Strategies Adopted by Key Players, 2020-2023
Table 113 Precision Farming Software Market: Strategies Adopted by Key Players, 2020-2023
11.2.1 Product Portfolio Expansion
11.2.2 Regional Footprint Expansion
11.2.3 Manufacturing Footprint Expansion
11.2.4 Organic/Inorganic Growth Strategies
11.3 Market Share Analysis, 2023
Figure 44 Precision Farming Software Market Share Analysis, 2023
Table 114 Precision Farming Software Market: Degree of Competition, 2023
11.4 Revenue Analysis of Five Key Companies, 2019-2023
Figure 45 Precision Farming Software Market: Revenue Analysis of Five Key Players, 2019-2023
11.5 Company Valuation and Financial Metrics
Figure 46 Precision Farming Software Market: Enterprise Valuation
Figure 47 Precision Farming Software Market: Financial Metrics
11.6 Brand/Product Comparison
Figure 48 Precision Farming Software: Brand/Product Comparison
11.7 Company Evaluation Matrix: Key Players, 2023
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
Figure 49 Precision Farming Software: Company Evaluation Matrix: Key Players, 2023
11.7.5 Company Footprint: Key Players, 2023
11.7.5.1 Overall Footprint
Figure 50 Precision Farming Software Market: Overall Footprint
11.7.5.2 Technology Footprint
Table 115 Precision Farming Software Market: Technology Footprint
11.7.5.3 Application Footprint
Table 116 Precision Farming Software Market: Application Footprint
11.7.5.4 Region Footprint
Table 117 Precision Farming Software Market: Region Footprint
11.8 Company Evaluation Matrix: Start-Ups/SMEs, 2023
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Blocks
Figure 51 Precision Farming Software Market: Company Evaluation Matrix: Start-Ups/SMEs, 2023
11.8.5 Competitive Benchmarking: Start-Ups/SMEs, 2023
11.8.5.1 List of Key Start-Ups/SMEs
Table 118 Precision Farming Software Market: List of Key Start-Ups/SMEs
11.8.5.2 Competitive Benchmarking of Key Start-Ups/SMEs
Table 119 Precision Farming Software Market: Competitive Benchmarking of Key Start-Ups/SMEs
11.9 Competitive Scenarios and Trends
11.9.1 Product Launches
Table 120 Precision Farming Software Market: Product Launches, January 2020-December 2023
11.9.2 Deals
Table 121 Precision Farming Software Market: Deals, January 2020-December 2023
12 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 Key Players
12.1.1 Deere & Company
Table 122 Deere & Company: Company Overview
Figure 52 Deere & Company: Company Snapshot
Table 123 Deere & Company: Products/Solutions/Services Offered
Table 124 Deere & Company: Product/Service Launches/Developments
Table 125 Deere & Company: Deals
12.1.2 Trimble Inc.
Table 126 Trimble Inc.: Company Overview
Figure 53 Trimble Inc.: Company Snapshot
Table 127 Trimble Inc.: Products/Solutions/Services Offered
Table 128 Trimble Inc.: Product/Service Launches/Developments
Table 129 Trimble Inc.: Deals
12.1.3 Agco Corporation
Table 130 Agco Corporation: Company Overview
Figure 54 Agco Corporation: Company Snapshot
Table 131 Agco Corporation: Products/Solutions/Services Offered
Table 132 Agco Corporation: Product/Service Launches/Developments
Table 133 Agco Corporation: Deals
Table 134 Agco Corporation: Others
12.1.4 Raven Industries, Inc.
Table 135 Raven Industries, Inc.: Company Overview
Figure 55 Raven Industries, Inc.: Company Snapshot
Table 136 Raven Industries, Inc.: Products/Solutions/Services Offered
Table 137 Raven Industries, Inc.: Product/Service Launches/Developments
Table 138 Raven Industries, Inc.: Deals
Table 139 Raven Industries, Inc.: Expansions
12.1.5 Agjunction LLC
Table 140 Agjunction LLC: Company Overview
Table 141 Agjunction LLC: Products/Solutions/Services Offered
Table 142 Agjunction LLC: Product/Service Launches/Developments
Table 143 Agjunction LLC: Deals
12.1.6 AG Leader Technology
Table 144 AG Leader Technology: Company Overview
Table 145 AG Leader Technology: Products/Solutions/Services Offered
Table 146 AG Leader Technology: Product/Service Launches/Developments
12.1.7 Ageagle Aerial Systems Inc
Table 147 Ageagle Aerial Systems Inc.: Company Overview
Figure 56 Ageagle Aerial Systems Inc.: Company Overview
12.1.7.2 Products/Solutions/Services Offered
Table 148 Ageagle Aerial Systems Inc.: Products/Solutions/Services Offered
12.1.7.3 Recent Developments
12.1.7.3.1 Product/Service Launches/Developments
Table 149 Ageagle Aerial Systems Inc.: Product/Service Launches/Developments
12.1.7.3.2 Deals
Table 150 Ageagle Aerial Systems Inc.: Deals
12.1.8 Topcon Corporation
Table 151 Topcon Corporation: Company Overview
Figure 57 Topcon Corporation: Company Overview
Table 152 Topcon Corporation: Products/Solutions/Services Offered
Table 153 Topcon Corporation: Product/Service Launches/Developments
Table 154 Topcon Corporation: Deals
Table 155 Topcon Corporation: Others
12.1.9 Climate LLC
Table 156 Climate LLC: Company Overview
Table 157 Climate LLC: Products/Solutions/Services Offered
Table 158 Climate LLC: Product/Service Launches/Developments
Table 159 Climate LLC: Deals
12.1.10 Teejet Technologies
Table 160 Teejet Technologies: Company Overview
Table 161 Teejet Technologies: Products/Solutions/Services Offered
12.2 Other Players
12.2.1 Hexagon Ab
12.2.2 Abaco S.P.A.
12.2.3 Precisionhawk
12.2.4 Ec2Ce
12.2.5 Descartes Labs Inc.
12.2.6 Cropx Inc.
12.2.7 Farmers Edge Inc.
12.2.8 Grownetics
12.2.9 Cropin Technology Solutions Private Limited
12.2.10 Gamaya
12.2.11 Fieldbee
12.2.12 Avmap S.R.L.
12.2.13 Dickey-John
12.2.14 Telus
12.2.15 Müller-Elektronik GmbH
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights from Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: The Subscription Portal
13.4 Customization Options

Companies Mentioned

  • Deere & Company
  • Trimble Inc.
  • Agco Corporation
  • Raven Industries, Inc.
  • Agjunction LLC
  • AG Leader Technology
  • Ageagle Aerial Systems Inc
  • Topcon Corporation
  • Climate LLC
  • Teejet Technologies
  • Hexagon Ab
  • Abaco S.P.A.
  • Precisionhawk
  • Ec2Ce
  • Descartes Labs Inc.
  • Cropx Inc.
  • Farmers Edge Inc.
  • Grownetics
  • Cropin Technology Solutions Private Limited
  • Gamaya
  • Fieldbee
  • Avmap S.R.L.
  • Dickey-John
  • Telus
  • Müller-Elektronik GmbH

Table Information

Report AttributeDetails
No. of Pages268
PublishedMarch 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 1.7 Billion
Forecasted Market Value ( USD ) by 2029 $ 3.1 Billion
Compound Annual Growth Rate12.5%
Regions CoveredGlobal
No. of Companies Mentioned25

Related Topics

Related Reports

Precision Farming Software Market by Softwares, Delivery Model, Application, End-Use - Global Forecast 2025-2030 - Product Image

Precision Farming Software Market by Softwares, Delivery Model, Application, End-Use - Global Forecast 2025-2030

  • Report
  • 199 Pages
  • Global
From
Precision Farming Market by Component, Technology, Application - Global Forecast 2025-2030 - Product Image

Precision Farming Market by Component, Technology, Application - Global Forecast 2025-2030

  • Report
  • 192 Pages
  • Global
From
Precision Farming - Global Strategic Business Report - Product Image

Precision Farming - Global Strategic Business Report

  • Report
  • 187 Pages
  • Global
From
Farm Management Software Market by Application (Precision Farming, Livestock, Aquaculture, Forestry, Smart Greenhouses), Offering (On-cloud, On-premise, Data Analytics Services), Farm Size, Farm Production and Region - Forecast to 2029 - Product Image

Farm Management Software Market by Application (Precision Farming, Livestock, Aquaculture, Forestry, Smart Greenhouses), Offering (On-cloud, On-premise, Data Analytics Services), Farm Size, Farm Production and Region - Forecast to 2029

  • Report
  • 287 Pages
  • Global
From
Precision Farming Global Market Report 2024 - Product Image

Precision Farming Global Market Report 2024

  • Report
  • 200 Pages
  • Global
From

About the Precision Farming Software Market

Precision Farming Software is a type of software designed to help farmers manage their operations more efficiently. It is used to collect, store, analyze, and share data related to crop production, soil fertility, and other aspects of farming. This data can be used to optimize crop yields, reduce costs, and improve sustainability. The software can also be used to monitor weather conditions, soil moisture, and other environmental factors. Precision Farming Software can be used to automate tasks such as irrigation, fertilization, and pest control. It can also be used to track and analyze crop yields, soil fertility, and other factors. This data can be used to make informed decisions about crop management and to improve the overall efficiency of farming operations. Some companies in the Precision Farming Software market include Ag Leader, Trimble, John Deere, Raven Industries, and AgJunction. Show Less Read more

Copyright © 2002-2024 Research and Markets. All Rights Reserved.