New Analysis from Global Industry Analysts Reveals Steady Growth for Precision Farming Software, with the Market to Reach $1.6 Billion Worldwide by 2026

SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Precision Farming Software - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 8; Released: January 2022
Executive Pool: 938
Companies: 44 - Players covered include AG Leader Technology; AgJunction, Inc.; Deere & Company; Monsanto Company; Proagrica; Trimble, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Deployment (Local/Web-Based, and Cloud-Based); Service Provider (System Integrators, Managed Services Providers, Connectivity Services Providers, and Other Service Providers); and Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Inventory Management, and Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Precision Farming Software Market to Reach $1.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Precision Farming Software estimated at US$762.9 Million, is projected to reach a revised size of US$1.6 Billion by 2026, growing at a CAGR of 13.4% over the analysis period. Local/Web-Based, one of the segments analyzed in the report, is projected to record a 11% CAGR and reach US$1.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud-Based segment is readjusted to a revised 18.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $259.4 Million in 2021, While China is Forecast to Reach $288.6 Million by 2026
The Precision Farming Software market in the U.S. is estimated at US$259.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$288.6 Million by the year 2026 trailing a CAGR of 13% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 11.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.8% CAGR. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.