Field Mapping Application Expected to Witness High Y-o-Y Growth in the Global Precision Farming Market In a new report titled ‘Precision Farming Market: Global Industry Analysis 20122016 and Forecast 2017-2025,’ Persistence Market Research presents vital insights into the global precision farming market along with forecasts for an eight year period 2017 – 2025. The report is a structured analysis of the global precision farming market on the basis of the market segmentation – by region, by application, and by components. The North America Precision Farming Market is expected to be worth approx. US$ 7.8 Bn by end 2025 making it larger than Europe, Latin America and the MEA market combined. The market share of North America is likely to be almost 45% by that time in the global precision farming market. Request to view table of content @ https://www.persistencemarketresearch.com/market-research/precisionfarming-market/toc The variable rate application and farm labor management systems segments are poised to record a CAGR of 11.9% and 12.4% respectively in the precision farming market from 2017-2025. In terms of market attractiveness index though, they are some way behind field mapping and key stakeholders in the precision farming market would do well to take this into account. In terms of value, the yield monitoring and field mapping segments should grow by 3x and 3.5x respectively between the years 2017 and 2025 and they are unlikely to cede their top spots anytime soon in the precision farming market. Field mapping alone should push past US$ 4.3 Bn by end 2025 and companies are highly advised to target this application segment in the precision farming market. The hardware segment is estimated to hold a market share of more than half the global precision farming market by component at the end of the forecast period. Sensing and monitoring devices are predicted to be particularly important and reach a value of just under US$ 5.4 Bn by end 2025. Within sensing and monitoring devices, there is a close contest between yield monitors and drones with multispectral cameras as both are projected to have a similar market value by the end of the eight-year study. However, the CAGR is higher in the drones with multispectral cameras segment. A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3884 The on-premise precision farming software is larger than the cloud-based precision farming software at present and is anticipated to retain a slim lead during the forecast period. Nonetheless, the rise of IoT and the importance of the cloud will grow by leaps and bounds in the 21st century and key stakeholders in the precision farming market will do well to focus on cloud-based precision farming. Even though consulting and maintenance services are smaller than the installation and integrations services in the precision farming market, they should witness a higher CAGR during the forecast period. The maintenance service segment is on track to be valued at over US$ 1.7 Bn by the end of 2025 while consulting services is estimated to be valued at just under US$ 1.2 Bn in the same year. Persistence Market Research has profiled some of the most prominent companies active in the global precision farming market such as AgJunction, Raven Industries Inc., CNH Industrial N.V., Deere & Company, Trimble, Iteris, Topcon Corporation, PrecisionHawk, senseFly, DICKEY-john, SST Development Group, Agribotix LLC, and Ag Leader Technology. Precision farming market solution providers can try to focus their attention on emerging economies in the fast-growing APAC region as government initiatives in countries such as China and India are facilitating ample investment opportunities. In addition, changing weather conditions due to climate change and global warming have begun to adversely impact agricultural production, compelling farmers to adopt precision farming agriculture solutions in the medium term. Browse Complete Report @ https://www.persistencemarketresearch.com/market-research/precisionfarming-market.asp About Us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multidimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Our offerings include pre-built reports that address every major sale, customized solutions to cater to client-specific needs, and consulting services to offer more value addition. Our next-generation research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on nextgeneration technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market. Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. 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The on-premise precision farming software is larger than the cloud-based precision farming software at present and is anticipated to retain a slim lead during the forecast period. Nonetheless, the rise of IoT and the importance of the cloud will grow by leaps and bounds in the 21st century.
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