Precision farming is also referred as site specific crop management (SSCM) and satellite farming is a type of advanced farming technique which utilizes various technologies such as Telematics, Geographic Information System, Variable Rate Technology, Global Positioning System, and Remote Sensing. Main function of precision farming is sustainability, guarantee portability, and protection of environment.
Increase in demand for agricultural products because of population is expected to boost the growth of global precision farming market growth. Furthermore, rise in adoption of various technologies like Variable Rate Technology (VRT) is expected to propel the growth of precision market. Moreover, substantial cost cutting achieved by implementation of modern farming techniques will have the positive impact on global precision farming market growth.
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However, high cost of agricultural equipment is the main restraining factor which is expected to hamper the global precision farming market growth. Also, limited technical knowledge and skills will affect the growth of global precision farming market.
Global Precision Farming Market Segmentation
Global Precision Farming Market is segmented into offerings such as Software, Hardware, and Services, by technology such as Telematics, Geographic Information System, Variable Rate Technology, Global Positioning System, and Remote Sensing. Further, Global Precision Farming Market is segmented into application such as Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, and Farm Labor Management.
Also, Global Precision Farming Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa
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Global Precision Farming Market Key Players
Various key players are discussed in this report such as
Global Precision Farming Market Taxonomy
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