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Global Precision Farming Software Need More Real-Time, Cloud
Kansas Ag Connection - 12/02/2019

The "Precision Farming Software - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.

The Global Precision Farming Software market accounted for $687.68 million in 2018 and is expected to reach $2,595.01 million by 2027 growing at a CAGR of 15.9% during the forecast period.

Rising use of agricultural software for maintaining farm efficiency and increasing need for real-time data management through cloud computing are some of the factors fuelling market growth. However, high initial capital investment is restraining market growth.

Precision farming software is a device that enables ranchers to oversee, influence and track harvest yields and incomes. The ranchers can use such prescient diagnostic apparatuses to envision the normal harvest squanders, yield size and incomes. It empowers the clients to get information with respect to harvest conditions, soil the board, and yield pivot direction.

Based on Delivery Model, Cloud Based segment is having a huge demand across the world due to internet-based computing model that provide collective processing of resources and data to users on demand.

By Geography, North America is expected to grow in emerging countries due to increasing population, and increased importance on agricultural solutions that provide economic benefits as well as environmental protection are majorly propelling the growth of the market in this region.

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