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Precision Agriculture Market Share, Size and Forecast By 2022

Precision agriculture market is expected to garner $7.8 billion by 2022, registering a CAGR of 14.9 % during the forecast period 2016 - 2022.

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Precision Agriculture Market Share, Size and Forecast By 2022

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  1. Precision Agriculture Market GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2018- 2025 KNOW MORE

  2. CURRENT AND FUTURE MARKET SCENARIO • The global Precision agriculture market is expected to garner $7.8 billion by 2022. • The global Precision agriculture marketregistering a CAGR of 14.9 % during the forecast period 2016 - 2022. • Hardware held a higher share in the component segment in 2015, with over 50% revenue share and is expected to dominate the market during the forecast period. • GPS technology held a significant share in theprecision agriculture market in 2015. • The report provides a comprehensive analysis of the global precision farming market with current trends and future growth opportunities, challenges, and competitive scenario. • Value chain analysis provides key inputs on the role of different stakeholders involved at various stages.

  3. FACTORS CONTRIBUTING TO MARKET GROWTH For more detail: Click Here • Growing adoption of smart phones • Aggrandized use of cloud technology • Booming population Precision agriculture technologies include GPS, GIS, telematics, Variable rate technology (VRT), and remote sensing. Among the mentioned technologies, GPS is the largest revenue contributor, owing to its ability to help farmers and agriculture service providers to automatically record the field data and apply variable rate of inputs to smaller areas within larger fields. From a growth perspective, geographic information system (GIS) technology is anticipated to exhibit the highest CAGR of 15.7%, driven by higher adoption mainly in North America and Europe.

  4. Precision Agriculture MarketSegmentation • BY TECHNOLOGY • Geographic information system (GIS) • Telematics • Variable rate technology (VRT) • Global positioning system (GPS) • Remote Sensing • By COMPONENT • Hardware. • Software • Others Among the component segments, hardware accounted for the higher revenue share in 2015, owing to high demand of hardware components such as drone, ASS, and RADAR. The software market, encompassing inventory management software, people management software and financial management software among others, is expected to witness the highest growth during the forecast period with a CAGR of over 15%, owing to its ability of these software to enhance equipments operating efficiency and smartphone integration with field machinery and devices for easy access of information.

  5. GPS technology held a significant share in the precision agriculture market in 2015. Hardware held a higher share in the component segment in 2015, with over 50% revenue share and is expected to dominate the market during the forecast period.

  6. GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Asia-Pacific constituted around 16% of the total market revenue in 2015 and is likely to be the fastest growing region over the forecast period.

  7. LEADING MARKET PLAYERS • Deere & Company • CropMetrics LLC • Trimble Navigation Limited  • CropX • AgSmartsInc • AgSense LLC  • AGCO Corporation • Dickey-John Corporation  • Monsanto Company • Ag Leader Technology

  8. A Report Titled “Precision Agriculture Market”- Global Opportunities And Forecasts, 2018– 2025” Has Been Recently Published By Allied Market Research. It Makes An In-depth Analysis Of Current Trends, Drivers, And Restraining Factors That Affect Financial Ratios Relevant To The Industry. Company Profiles For Key Vendors In Business Builds A Comprehensive Picture Of Profitable Opportunities From Stakeholder’s Perspective. To Know More About Precision Agriculture Market- Opportunities and Forecasts, 2018– 2024 https://www.alliedmarketresearch.com/precision-agriculture-market Download Sample Report- https://www.alliedmarketresearch.com/request-sample/1422 Follow Allied Market Research

  9. ABOUT ALLIED MARKET RESEARCH Allied Market Research (AMR) Is A Full-service Market Research And Business-consulting Wing Of Allied Analytics LLP Based In Portland, Oregon. Allied Market Research Provides Global Enterprises As Well As Medium And Small Businesses With Unmatched Quality Of "Market Research Reports" And "Business Intelligence Solutions." AMR Has A Targeted View To Provide Business Insights And Consulting To Assist Its Clients To Make Strategic Business Decisions And Achieve Sustainable Growth In Their Respective Market Domain.We Are In Professional Corporate Relations With Various Companies And This Helps Us In Digging Out Market Data That Helps Us Generate Accurate Research Data Tables And Confirms Utmost Accuracy In Our Market Forecasting. Each And Every Data Presented In The Reports Published By Us Is Extracted Through Primary Interviews With Top Officials From Leading Companies Of Domain Concerned. Our Secondary Data Procurement Methodology Includes Deep Online And Offline Research And Discussion With Knowledgeable Professionals And Analysts In The Industry. Contact: David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesToll Free: +1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1-855-550-5975help@alliedmarketresearch.comWeb: https://www.alliedmarketresearch.com

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