Latest Market Research Report 2025

  The global   precision farming market   was valued at approximately USD 11.67 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 13.1% from 2025 to 2030. This strong growth trajectory is primarily driven by the rapid advancement and adoption of Internet of Things (IoT) technologies and the increasing reliance of farmers on advanced data analytics. Precision farming, a cornerstone of smart agriculture, is reshaping traditional farming methods by enabling data-driven decision-making for optimized resource utilization and enhanced productivity. At the core of this transformation is the integration of advanced analytics, a key component of data science. These tools leverage algorithms, predictive models, and data visualization techniques to identify trends in environmental and crop-related data. By interpreting this data, farmers are better equipped to make strategic decisions regarding crop care, soil management, irrigation, and fertilizer u...

  Precision Farming   Industry Overview The global precision farming market size was valued at USD 10.50 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2030. The growth of precision farming is attributed to the burgeoning proliferation of the Internet of Things (IoT) along with the use of advanced analytics by farmers. Advanced analytics is a part of data science that uses numerous tools and methods to forecast data and ensure that the crop and soil receive adequate nurturing. This helps farmers to plan their actions accordingly. For a deep understanding of different farming aspects such as irrigation and plowing, numerous technologies such as IoT, GPS ,  and remote sensing application control are used. IoT helps farmers address various challenges involved in the proper monitoring of crops. It provides real-time data about environment temperature and water content in the soil through sensors p...

  Precision Farming Industry Overview   The global precision farming market size is anticipated to reach USD 24.09 billion by 2030, registering a CAGR of 12.8% from 2024 to 2030. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops.   The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control systems. It also includes maintenance and managed services. The process also incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data.   The growing number of applications for telematics in agriculture is anticipated to supplement the growth of the market. Telematics services include tracking devices that deploy the Global Navigation Satellite System (GNSS) to ...