The article cited AMA's Global Precision Farming Management Software Market Study explored substantial growth with CAGR of %. According the report, Farm Labor Shortage and Average Farm Size Increase is one of the primary growth factors for the market. Increasing Need of Real-Time Data Management through Cloud Computing
is also expected to contribute significantly to the Precision Farming Management Software market. Overall, Crop Management
applications of Precision Farming Management Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Granular, Inc. (United States), IBM Corporation (United States), Conservis Corporation (United States), Farmbrite (United States), Agrimap (New Zealand), Agworld (United States), FarmLogs (United States), NCrypted Technologies (India), Trimble Agriculture (United States) and Chetu Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Deployment Type, such as Local/Web-based, is boosting the Precision Farming Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Pricing, such as Annual Subscription, is boosting the Precision Farming Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Precision Farming Management Software market identified that the demand is rising in many different parts of the world as "Integration of Smartphone with Agriculture Hardware and Software Applications
". Furthermore, some recent industry insights like "In 2020, Agrivi, one of the global market-leading farm management software companies, has launched two new products within its digital agriculture solution offering, Agrivi Precision Field, and Agrivi Farm Fleet." is constantly making the industry dynamic. One of the challenges that industry facing is "Management of Data for Productive Decision Making and Lack of Standardization in the Precision Farming Industry"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Precision Farming Management Software market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Precision Farming Management Software market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Precision Farming Management Software market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Precision Farming Management Software market and other related sub-markets covered in the study.
o Key & emerging players in the Precision Farming Management Software market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Precision Farming Management Software market size is calculated using market estimation process, the Precision Farming Management Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Precision Farming Management Software market size has been validated using both top-down and bottom-up approaches.