The upcoming trend of the use of advanced solutions in agriculture has gained prevalence amongst the governments of developed and developing countries. . Climate change is one of the most severe environmental threats to the productivity of agriculture processes. The interdependent relationship between climate change and agriculture become essential as the imbalance between the world food production and world population increases. In order to sustainably improve the agricultural productivity farmers are adopting advanced solutions.
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Moreover, the rapid market penetration of the Internet of Things (IoT) technology in farming practices has led to the enhancement of agricultural productivity by minimizing manual labor and providing an efficient platform for proper data management of production inputs. The widespread implementation of cloud-based software systems has fuelled the market for precision agriculture by reducing the risk and increasing overall production capacities.
The sensing technology plays a pivotal role in enabling the entire agriculture technology ecosystem to function. The presence of sensing technologies helps other agriculture technologies function, as it feeds those technologies with data. Although the guidance technology has experienced market maturity, sensing technology amongst other emerging technologies are witnessing high amount of investments in product innovations. Technologies including remote sensing, aerial imagery, and soil sensing are some of the core components of sensing technologies, upon whom the reported growth for this segment is attributed.
The precision agriculture market ecosystem also consists of several agricultural research institutes, such as the Wageningen University, CSIRO and Fraunhofer Institute. Additionally, the market also encompasses a large number of venture capital investors, startups, and advanced solution providers. IT and big data platform providers are also significant stakeholders in this market. Major IT platform providers include IBM and Microsoft. During the forecast period, extensive R&D activities and appropriate regulatory environment are expected to ensure sustained growth of this market. Besides, various government and private research institutes along with favorable trade policies are making substantial efforts to identify the benefits of precision agriculture solutions. The need for sophisticated precision farming techniques is necessary to bridge the demand and supply gap along with attaining sustainability in the production.
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The inter-linked relationship between climate change and agriculture is very important as the imbalance between the world food production and world population increases. Improving crop production to meet the rising demand of the food, owing to the increasing population against the threat of climate change, is a very challenging task. Therefore, in order to increase agriculture productivity and to mitigate the risk of climate change precision agriculture is adopted. Precision agriculture includes the usage of sensors, GPS and software, among others to increase the crop yield and to manage the resources better. Though the adoption of this technology poise a huge investment but they are counterpoised by several benefits like an increase in crop yield, crop analysis and reduction of soil erosion among others.
This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, coveringBayer CropScience AGTrimbleDeere & CompanyIterisAgJunctionFarmers EdgeAg Leader TechnologyCropMetricsAGCO CorporationTeejet TechnologiesTrimble Navigation LimitedCropXAgSmartsAgSenseDickey-John CorporationMonsanto CompanyGet Exclusive Free Sample Copy Of This Report @ https://www.radiantinsights.com/research/global-precision-agriculture-technology-market-2020-2026/request-sampleOn the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split intoAutomation and Control SystemsSensory and Monitoring DevicesFarm Management SystemsBy Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided intoYield MonitoringCrop ScoutingMappingSoil MonitoringPrecision IrrigationOthersBy Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), likeChinaUSAEuropeJapanKoreaIndiaSoutheast AsiaSouth AmericaView Full Report with TOC @ https://www.radiantinsights.com/research/global-precision-agriculture-technology-market-2020-2026About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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