According to the United Nations (UN), the world population, which stood at 7.6 billion people in 2017, is expected to reach 9.8 billion by 2050, pressurizing the food and agriculture value chain to achieve increased yield levels year by year to meet the global food demand. With limited and constantly depleting natural resources and reducing arable land due to global urbanization, the need to optimize farm resources in order to produce agricultural commodities optimally is rising by the day. Governments across nations globally are actively indulging in developing efficient farm management practices to assist the farming sector in achieving the goal of food self-sufficiency.
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The decreasing employment in agriculture also poses a major threat to the agricultural sector since farming practices have been manually driven, traditionally. This has alarmed the stakeholders in the agriculture industry to device new ways of farming and to replace manual intervention in monitoring farm activities. To meet the global food demand, the pressure of providing a continuous supply of quality farm produce at increasing amounts is becoming a cause for concern for farmers across the world. The advent of precision farming in this sector has brought about substantial technological changes by the implementation of Information and Communication Technologies (ICT), Internet of Things (IoT), integration of remote sensing equipment, application of Artificial Intelligence (AI), and predictive analytics in the farming scenario, which have greatly boosted the use of GIS technologies for the purpose of crop monitoring, yield forecasting, irrigation monitoring, pest monitoring, and soil analysis, among others. With the advent of drones in agriculture, the need for drone-compatible GIS software has risen.
The application areas of GIS software solutions in agriculture cover a wide range of farm assessment aspects. They may include irrigation, field monitoring, soil mapping, yield forecasting, plant health management, and data management, among others. The irrigation sector represents the most significant application market for GIS software in agriculture technologies. This is mainly to fulfill the need for precision irrigation. Precision irrigation has the capability to efficiently utilize water by finely matching irrigation inputs to yields in each area of a field.
Crop monitoring applications are expected to dominate the GIS software in the agriculture market by application. During the forecast period, the irrigation monitoring application area is expected to display the maximum growth, owing to the high possibilities of value addition in farm management and productivity. The advent of monitoring solutions through precise imagery is one of the most beneficial applications of GIS software in agriculture. This has replaced traditional approaches, such as manual crop inspection and soil monitoring, thus saving time and avoiding inaccuracy. Thus, the application of GIS software in agriculture in the crop monitoring process of collecting georeferenced data and other related information reduces potential threats and boosts viable economic opportunities.
Key players in the GIS software in the agriculture market are coming up with new products and various developmental activities in order to generate awareness amongst the farmer community and agricultural stakeholders about their existing and new products and compete with the competitors’ product portfolio. For instance, in November 2019, Topcon Corporation launched two agriculture products, cloud-based farm workflow tools for data analytics and cloud services and yield monitoring tools, to provide accurate yield data for the conveyor-type harvester.
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Esri accounted for the major share of new product launches and developments in the global GIS software in the agriculture market. The company aims to widen its market presence by expanding its product portfolio of software for GIS software in agriculture. Major players of GIS software in the agriculture market, such as Geosoft Inc. and Topcon Corporation, made a significant number of product launches in the market. Other players included in this segment are Pix4D, Trimble Inc. and Autodesk Inc., among others.
According to Stratistics MRC, GIS Software in Agriculture Market Value is expected to reach $4.06 billion by 2027 growing at a CAGR of 12.4% during the forecast period.
Geographic information system is sometimes called "geological information system".
It is a specific and very important spatial information system.
It is a technical system that manages, stores, estimates, analyzes, displays, and describes relevant geographical distribution data in the space of all or part of the earth's surface (including the atmosphere), supported by computer hardware and software systems.
View complete GIS Software in Agriculture Market with Table of Content @ https://www.strategymrc.com/report/gis-software-in-agriculture-market/toc By geography, Asia pacific is estimated to have a lucrative growth due to the increasing infrastructural growth in various countries in the region, GIS is expected to be used for smart city planning and urban development programs.
Request a Sample of GIS Software in Agriculture Market research @ https://www.strategymrc.com/report/gis-software-in-agriculture-market/request-sample Some of the key players profiled in the GIS Software in Agriculture Market include Autodesk, Inc., Computer Aided Development Corporation Ltd. (Cadcorp), Earth Observing System, Environmental System Research Institute (ESRI), Geosoft Inc., Hexagon AB, Hi-Target Surveying Instrument Co., Ltd, L3 Harris Technologies, Oracle Corporation, Parrot SA, Pitney Bowes Inc., SuperMap Software Co., Ltd., Takor Group Ltd, Topcon Corporation, and Trimble Inc. What our report offers:- Market share assessments for the regional and country-level segments- Strategic recommendations for the new entrants- Covers Market data for the years 2018, 2019, 2020, 2024, and 2027- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)- Strategic recommendations in key business segments based on the market estimations- Competitive landscaping mapping the key common trends- Company profiling with detailed strategies, financials, and recent developments- Supply chain trends mapping the latest technological advancements For more information about this report visit @ https://www.strategymrc.com/report/gis-software-in-agriculture-market Related Markets:https://www.strategymrc.com/report/feed-acidifiers-markethttps://www.strategymrc.com/report/plant-antifreeze-market About Us: Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries.
According to the United Nations (UN), the world population, which stood at 7.7 billion people in 2019, is expected to reach 9.8 billion by 2050, pressurizing the food and agriculture value chain to achieve increased yield levels year by year to meet the global food demand.
With limited and constantly depleting natural resources and reducing arable land due to global urbanization, the need to optimize farm resources in order to produce agricultural commodities optimally is rising by the day.
Government across nations globally are actively indulging in developing efficient farm management practices to assist the farming sector in achieving the goal of food self-sufficiency.The trend of GIS software in agricultural industry is not only prevalent in developed countries, but developing countries are also gradually realizing its importance.
Governments of several countries have also realized the need and advantages of these technologies, and thus their initiatives to promote these smart farming techniques are expected to further drive the growth of the market.With rapid technological development in farming practices in the last decade, the global agriculture industry has transformed immensely, largely characterized by modern farming practices, owing to the implementation of smart farming solutions.
Such solutions include geographic information systems (GIS) that make farming profitable by focusing on site-specific planning.
The growing support from government bodies globally has boosted the development of GIS solutions, thus leading to growing adoption levels of the GIS software solutions offered by players in the market.
