Precision Farming Software (Web & Cloud-based) Market Worth $1.77 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) April 29, 2015 -- According to the new market research report on the "Precision Farming Software & Services Market by Software (Web & Cloud-based), Services (Consulting, Maintenance & Support, & Others), Hardware (Sensors, Guidance & Steering, GPS Devices, & Others), Application, & Geography - Analysis & Forecast to 2014 - 2020", published by MarketsandMarkets, The Precision Farming Software & Services Market is expected to reach $1.77 Billion by 2020, at a CAGR of 15.1% from 2014 and 2020.
Browse 76 market data Tables and 73 Figures spread through 177Pages and in-depth TOC on "Precision Farming Software & Services Market".
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Precision farming software & services are used for controlling various operations of the farm. They encompass precision farming software, associated services, and hardware components such as sensors, GPS/GNSS devices, and display devices. These solutions are used in various applications, such as in managing financials, labor management, and in crop management. The increasing number of technology-savvy farmers and the increasing demand for efficient precision farming solutions are playing a vital role for the growth of this market.
The report describes the market trends, drivers, and challenges with respect to the Precision Farming Software & Services Market and forecasts the market till 2020. This global report gives a detailed view of the market across the four geographies, namely the Americas, Europe, APAC, and RoW. The Americas and Europe were the largest regions in terms of the market value in 2014. APAC has been identified as the fastest-growing region, with India leading the way; whereas RoW is also among the major regions that are helping in the growth of this market. The report profiles the 10 most promising players in the precision farming software & services market.
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The competitive landscape of the market presents a very interesting picture wherein the market players from different blocks of the Precision Farming Software & Services Market value chain have come together to become a force to reckon with. The market is witnessing a large scale collaboration and partnership across the value chain with a number of tier 1 players around the globe.
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