Precision Farming Market

The cloud-based delivery model is expected to grow at the highest rate during the forecast period

The precision market for the cloud-based delivery model is projected to acquire the largest market share during the forecast period. The cloud-based model provides large data storage along with reduced energy consumption which is driving the growth of the cloud-based sector in the Precision Farming market. Moreover, cloud-based Precision Farming facilitates cost-saving technology with efficient performance in the agricultural sector which is the important factor fueling the growth of the cloud-based segment in the precision market in upcoming years.

The weather tracking and forecasting segment grows at the highest CAGR during the forecast period

Increasing demand for climate information services as the farmers can deal with climate change and variability to enhance decision making ability in agriculture which is the major factor driving the growth of the Precision Farming market for weather tracking and forecasting sector during the forecast period. Better food production with the reduction in wastage is the other major factor for the growth of the adoption of Precision Farming in the years to come.

North America region to acquire the largest market share in the Precision Farming market during the forecast period

The early adoption of Precision Farming in the countries such as the United States and Canada in the Americas is the main reason for the growth of the North American region in the Precision Farming industry during the forecast period. Growth in the implementation of advanced technology in the various agricultural fields reduces the labor cost which is fueling the growth of the Precision Farming market in the upcoming years. Farmers in the North American region are increasingly using sophisticated agricultural equipment and systems such as displays, cameras, and applications for farm management which contributes to the growth of the Precision Farming market during the forecast period.

The Asia Pacific region is projected to experience substantial development in the Precision Farming market during the forecast period. In developing countries like China, Indonesia, and India various government programs were arranged in order to promote the use of state-of-the-art Precision Farming technology to improve productivity in the upcoming years. Moreover, an appropriate administrative structure often authorizes farmers to learn about the exact use and maintenance of Precision Farming machines which is fueling the growth of the region during the forecast period.