Showing posts with label Irrigation. Show all posts
Showing posts with label Irrigation. Show all posts

Thursday, March 28, 2024

Archimedean Screw Pumps Market to Be Worth $274.2 Million by 2030

 

Meticulous Research®—leading global market research company, published a research report titled, ‘Archimedean Screw Pumps Market by Type (Enclosed Screw Pumps, Open Screw Pumps), Application (Sewage Treatment, Irrigation, Industrial Applications, Stormwater Management, Drainage, and Power Generation), and Geography - Global Forecast to 2030.’

 

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According to this latest publication from Meticulous Research®, the archimedean screw pumps market is projected to reach $274.2 million by 2030, at a CAGR of 2.7% from 2023–2030. The growth of the Archimedean screw pumps market is driven by the growing adoption of Archimedean screw pumps in industrial applications and the increasing utilization of Archimedean screw pumps in sewage treatment. However, the high installation, maintenance, and operating costs restrain the growth of this market. Furthermore, the growing demand for Archimedean screw pumps in stormwater management and power generation is expected to generate growth opportunities for the players in this market. However, the high-cost burden of Archimedean screw pumps for small-scale businesses is a major challenge for market growth. Growing demand for renewable energy and technological advancements in Archimedean screw pumps are the latest trends in the Archimedean screw pumps market.

 

The Archimedean screw pumps market is segmented by type (open screw pumps [concrete troughs and steel trough liners] and enclosed screw pumps), application (sewage treatment, irrigation, power generation, stormwater management, drainage, industrial applications, and other applications). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

 

Browse in depth @ https://www.meticulousresearch.com/product/archimedean-screw-pumps-market-5610?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=29-03-2024

 

Based on type, the global Archimedean screw pumps market is segmented into enclosed screw pumps and open screw pumps. In 2023, the open screw pumps segment is expected to account for the larger share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing adoption of open screw pumps for their higher pumping capacities, high efficiency, and minimal maintenance for the moving parts.

 

Also, the open screw pumps segment is projected to register a higher CAGR during the forecast period due to the benefits offered by this segment, such as variable pumping capacity without the need for unique controls and non-clogging and requiring no pre-screening are expected to support the growth of this segment.

 

Speck to our analyst @  https://www.meticulousresearch.com/speak-to-analyst/cp_id=5610?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=29-03-2024

 

Based on application, the global Archimedean screw pumps market is segmented into sewage treatment, irrigation, industrial applications, power generation, stormwater management, drainage, and other applications. In 2023, the sewage treatment segment is expected to account for the largest share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing demand for Archimedean screw pumps due to their simple design, maintenance, and operation and the rising adoption of pumps to lift large quantities of sewage.

 

Also, the sewage treatment segment is projected to register a higher CAGR during the forecast period. The benefits offered by the sewage treatment segment are handling a wide range of flow rates and making them suitable for transporting varying volumes of wastewater, handling liquids with high solid content, such as raw sewage, without clogging easily, and consuming a relatively low amount of energy compared to other types of pumps are expected to support the growth of this segment.

 

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Based on geography, the Archimedean screw pumps market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global Archimedean screw pumps market. Asia-Pacific’s significant market share is attributed to the increasing water and wastewater discharge regulations, growing demand for sustainable water management practices, increasing need for pumping solutions for hydropower generation, and increasing installations of Archimedean screw pumps in China, Japan, India, and South Korea.

 

Also, this region is projected to register the highest CAGR during the forecast period. The growth of this market is driven by the need for Archimedean screw pumps in industrial wastewater treatment plants, increasing installations of Archimedean screw pumps for agricultural irrigation, rising emphasis by governments in the region on the development of custom Archimedean screw pumps and sustainable water management practices, and growing industrialization across the region.

 

Key Players

 

The key players operating in the Archimedean screw pumps market are Spaans Babcock BV (Netherlands), WAMGROUP S.p.A. (Italy), Jash Engineering Limited (India), Landustrie Sneek BV (Netherlands), KUHN GmbH Technische Anlagen (Germany), Lakeside Equipment Corporation (U.S.), Adasfa Sdn. Bhd. (Malaysia), Lektratek Water Technology (South Africa), PRO-Equipment, Inc. (U.S.), and Parkson Corporation (U.S.).

 

TOP 10 COMPANIES IN ARCHIMEDEAN SCREW PUMPS MARKET >> https://meticulousblog.org/top-10-companies-in-archimedean-screw-pumps-market/?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=29-03-2024

Monday, January 8, 2024

Pulse Lavage Market to be Worth $661.1 Million by 2030

 

According to a new market research report titled, ‘Pulse Lavage Market by Product (Device, Battery, Irrigation Tips & Tubes) Usability (Disposable, Reusable) Power Source (AC, Battery, Gas) Application (Knee, Hip, Spinal Implant, Wound Care) End User (Hospital, Long Term Care) - Global Forecast to 2030,’ published by Meticulous Research®, the pulse lavage market is projected to reach $661.1 million by 2030, at a CAGR of 7.8% from 2023 to 2030.

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Pulse lavage devices are used in wound care and surgery to clean and irrigate wounds. They are typically used in orthopaedic surgery to clean wounds and remove debris, bacteria, and other contaminants. The pulse lavage system offers various benefits compared to syringes while removing blood and debris to achieve good cement fixation and penetration into the cancellous bone. Pulse lavage prevents microembolization of the marrow contents and minimizes circulatory changes while inserting the prosthesis, reducing the risk of fat embolism. Also, it increases cement strength by removing blood and debris from the bone cavity.

 

The growth of this market is driven by the increasing number of orthopaedic procedures, growing aging population, and rising number of sports injuries & road accidents. In addition, untapped developing economies offer opportunities for market growth. However, delayed wound recovery due to high-pressure irrigation and inconsistent medical reimbursement policies hinder this market's growth.

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Untapped Developing Countries to Offer Opportunities for Pulse Lavage Market Growth

Pulse lavage manufacturers have the opportunity to expand into new markets, such as emerging economies with growing healthcare infrastructures. These markets may offer significant growth opportunities for pulse lavage devices, particularly as the demand for surgical procedures increases.

 

Developing countries in Asia and Latin America offers high growth opportunities due to the increasing aging population suffering from non-communicable diseases and growing income level and spending on healthcare. Additionally, governments of various developing nations are taking various initiatives to improve healthcare facilities and patient access to healthcare. Countries such as China, Japan, and South Korea are investing heavily in their healthcare systems, leading to an increase in surgical procedures and the adoption of advanced medical technologies such as pulse lavage.

 

In addition, owing to the high healthcare cost in developed countries, patients are increasingly looking for more affordable options for their healthcare. The rapidly aging population in developed countries and increasing life expectancy are the two major factors that have significantly strained the developed countries' national healthcare systems, thus limiting healthcare access through long waiting lists and high costs. This is driving patients to pursue cross-border healthcare options, leading to the increased demand for pulse lavage in developing countries.

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Based on product, the pulse lavage market is segmented into pulse lavage devices and components & accessories. The components & accessories segment is further categorized into irrigation tips & tubes, batteries, splash shields, and others. The pulse lavage devices segment is expected to account for the largest share of the market in 2023. Pulse lavage devices are used to clean the wound, remove debris during joint replacements & infectious agents, and increase cement penetration. The rise in the reported incidence of sports injuries and the prevalence of orthopaedic disorders have increased the number of orthopaedic surgeries and wound care management, contributing to the high demand for pulse lavage devices.

 

Based on power source, in 2023, the battery-powered segment is expected to account for the largest share of the pulse lavage market. The growth of this segment is attributed to the low maintenance cost and high energy storage capabilities. The batteries provide greater energy density and do not require maintenance to ensure their performance. However, the AC-powered segment is projected to register the highest CAGR during the forecast period.

 

Based on application, in 2023, the pulse lavage market is segmented into orthopedics & trauma and wound care. The orthopedics & trauma segment is further divided into joint reconstruction & arthroplasty and spinal implants. In 2023, the orthopedics & trauma segment is expected to account for the largest share of the pulse lavage market. The large market share of this segment is attributed to the growing prevalence of bone disorders like osteoarthritis and rising incidences of sports injuries.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/pulse-lavage-systems-market-4721?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=08-01-2024

 

Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the pulse lavage market. This segment's large market share is attributed to the rise in the number of patient visits to hospitals owing to the significant rise in spending on health and the number of hospitals. However, the long-term care facilities segment is projected to register the highest CAGR during the forecast period.

 

Based on geography, the pulse lavage market is segmented into North America, Europe, Asia-pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the pulse lavage market. The large share of the North American region is attributed to the well-established healthcare system in the region, greater adoption of advanced technologies, high prevalence of non-communicable diseases, presence of many hospitals, growing aging population, and relatively greater access to healthcare.

 

Some of the key players operating in the pulse lavage market are Stryker Corporation (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Premier Surgical Ltd. (Ireland) (Atlantic Surgical Ltd.), MicroAire Surgical Instruments LLC (U.S.), Judd Medical Ltd. (U.K.), Smith & Nephew plc (U.K.), Mölnlycke Health Care AB (Sweden), C. R. Bard, Inc. (A Subsidiary of Becton Dickinson & Company) (U.S.), Corin Group PLC (A Subsidiary of 2IL Orthopaedics Limited) (U.K.), and De Soutter Medical Limited (U.K.).

TOP 10 COMPANIES IN PULSE LAVAGE MARKET @ https://meticulousblog.org/top-10-companies-in-pulse-lavage-market/?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=08-01-2024

Thursday, September 7, 2023

Archimedean Screw Pumps Market to Be Worth $274.2 Million by 2030

 

Meticulous Research®—leading global market research company, published a research report titled, ‘Archimedean Screw Pumps Market by Type (Enclosed Screw Pumps, Open Screw Pumps), Application (Sewage Treatment, Irrigation, Industrial Applications, Stormwater Management, Drainage, and Power Generation), and Geography - Global Forecast to 2030.’

According to this latest publication from Meticulous Research®, the Archimedean screw pumps market is projected to reach $274.2 million by 2030, at a CAGR of 2.7% from 2023–2030. The growth of the Archimedean screw pumps market is driven by the growing adoption of Archimedean screw pumps in industrial applications and the increasing utilization of Archimedean screw pumps in sewage treatment. However, the high installation, maintenance, and operating costs restrain the growth of this market. Furthermore, the growing demand for Archimedean screw pumps in stormwater management and power generation is expected to generate growth opportunities for the players in this market. However, the high-cost burden of Archimedean screw pumps for small-scale businesses is a major challenge for market growth. Growing demand for renewable energy and technological advancements in Archimedean screw pumps are the latest trends in the Archimedean screw pumps market.

The Archimedean screw pumps market is segmented by type (open screw pumps [concrete troughs and steel trough liners] and enclosed screw pumps), application (sewage treatment, irrigation, power generation, stormwater management, drainage, industrial applications, and other applications). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5610?utm_source=article+&utm_medium=social&utm_campaign=product&utm_content=31-08-2023

Based on type, the global Archimedean screw pumps market is segmented into enclosed screw pumps and open screw pumps. In 2023, the open screw pumps segment is expected to account for the larger share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing adoption of open screw pumps for their higher pumping capacities, high efficiency, and minimal maintenance for the moving parts.

Also, the open screw pumps segment is projected to register a higher CAGR during the forecast period due to the benefits offered by this segment, such as variable pumping capacity without the need for unique controls and non-clogging and requiring no pre-screening are expected to support the growth of this segment.

Based on application, the global Archimedean screw pumps market is segmented into sewage treatment, irrigation, industrial applications, power generation, stormwater management, drainage, and other applications. In 2023, the sewage treatment segment is expected to account for the largest share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing demand for Archimedean screw pumps due to their simple design, maintenance, and operation and the rising adoption of pumps to lift large quantities of sewage.

 

Also, the sewage treatment segment is projected to register a higher CAGR during the forecast period. The benefits offered by the sewage treatment segment are handling a wide range of flow rates and making them suitable for transporting varying volumes of wastewater, handling liquids with high solid content, such as raw sewage, without clogging easily, and consuming a relatively low amount of energy compared to other types of pumps are expected to support the growth of this segment.

Request Free Request Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=5610?utm_source=article+&utm_medium=social&utm_campaign=product&utm_content=31-08-2023

Based on geography, the Archimedean screw pumps market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global Archimedean screw pumps market. Asia-Pacific’s significant market share is attributed to the increasing water and wastewater discharge regulations, growing demand for sustainable water management practices, increasing need for pumping solutions for hydropower generation, and increasing installations of Archimedean screw pumps in China, Japan, India, and South Korea.

Also, this region is projected to register the highest CAGR during the forecast period. The growth of this market is driven by the need for Archimedean screw pumps in industrial wastewater treatment plants, increasing installations of Archimedean screw pumps for agricultural irrigation, rising emphasis by governments in the region on the development of custom Archimedean screw pumps and sustainable water management practices, and growing industrialization across the region.

Key Players

The key players operating in the Archimedean screw pumps market are Spaans Babcock BV (Netherlands), WAMGROUP S.p.A. (Italy), Jash Engineering Limited (India), Landustrie Sneek BV (Netherlands), KUHN GmbH Technische Anlagen (Germany), Lakeside Equipment Corporation (U.S.), Adasfa Sdn. Bhd. (Malaysia), Lektratek Water Technology (South Africa), PRO-Equipment, Inc. (U.S.), and Parkson Corporation (U.S.).

TOP 10 COMPANIES IN ARCHIMEDEAN SCREW PUMPS MARKET   https://meticulousblog.org/top-10-companies-in-archimedean-screw-pumps-market/?utm_source=article+&utm_medium=social&utm_campaign=product&utm_content=31-08-2023

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type and application?

What is the historical market size for Archimedean screw pumps across the globe?

What are the market forecasts and estimates for 2023–2030?

What are the major drivers, restraints, opportunities, challenges, and trends in the global Archimedean screw pumps market?

Who are the major players in the global Archimedean screw pumps market, and what are their market shares?

What is the competitive landscape like?

What are the recent developments in the global Archimedean screw pumps market?

What are the different strategies adopted by major market players?

What are the geographic trends and high-growth countries?

Who are the local emerging players in the global Archimedean screw pumps market, and how do they compete with other players?

 

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5610?utm_source=article+&utm_medium=social&utm_campaign=product&utm_content=31-08-2023

 

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Wednesday, August 28, 2019

High Cloud Computing Espousal in Agriculture Boosts the Adoption of Precision Farming Software

High Cloud Computing Espousal in Agriculture Boosts the Adoption of Precision Farming Software
The precision agriculture tools are mainly designed to maximize yield and revenue related to crops. The precision farming software assists with the information such as ideal planting schedule, maintenance instructions, and environmental factors that could impact a given crop. Precision agriculture software often offers predictive analytics features, such as expected waste, yield size, and profitability in relation to market values, which helps farmers and growers to make optimal decision throughout each growth cycle.
The various research organizations and associations play a vital role in the development of precision farming software market. This market is mainly driven by the growing population with the increasing demand for food. As the world’s population grows, farmers will need to produce more and more food. For instance, according to the Population Reference Bureau (PRB), global human population is expected to grow by 75 million annually or with 1.1% per year. With this, the world population is expected to reach 9.9 billion in 2050, an increase of 33% from an estimated 7.4 billion in 2017. As the world`s population grows, demand for the food increases subsequently. Therefore, the large farms are increasingly exploiting precision farming to increase yields, reduce waste, and mitigate the economic and food security risks.  
Further, the other factors, such as high penetration of cloud computing technology in the farm data management, integration of mobile technology with farming techniques, increasing use of agriculture software for maintaining farm efficiency, and the large number of government bodies and associations which are supporting the precision farming are expected to fuel the growth of precision farming software market. However, the high initial capital investment hinders the growth of the market to some extent. The high-speed internet connectivity and integration of smartphone with agriculture hardware and software applications are the factors that will offer the growth opportunities in the precision farming software market.
The global precision farming software market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025– by delivery model (local/web based and cloud based), application (yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, farm labor management, financial management, and others), and service provider (system integrator, managed services providers, connectivity services providers, assisted professional services providers, and maintenance, software upgradation, and support services providers). This study also evaluates industry competitors and analyzes the market at regional and country level.
Based on the delivery model, local/web-based delivery model commanded the largest share of the precision farming software market in 2018. However, the cloud-based delivery model is expected to grow at the fastest CAGR during the forecast period of 2019-2024. The fastest growth of this segment is mainly attributed to the various advantages, such as data sharing, optimized performance, and ability to access system on a variety of devices from any location that has internet service and ease of access. Cloud based delivery model is an internet-based computing model that provides shared processing of resources and data to user on demand. 
Based on application, yield monitoring application commanded the largest share of the precision farming software market in 2018. Yield monitoring is the most widely used application in precision farming software, as this application plays a key role in understanding the field variability and helps farmers in maximizing yields. It provides information about the weather conditions, soil properties, and fertilizers, which may affect the overall production. Owing to these, the adoption of yield monitoring application is consistently increasing worldwide.
This research report analyzes major geographies and provides comprehensive analysis of North America (the U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, The Netherlands, and RoE), Asia-Pacific (China, India, Japan, Australia, and RoAPAC), Latin America (Brazil Argentina, and RoLATAM), and the Middle East & Africa. North America captured a significant share in 2018, while Asia Pacific is expected to register the fastest CAGR during the forecast period. The fastest growth of the region in the forecast period will be mainly due to large area under agriculture cultivation and growing population.

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Market Segmentation:
Precision Farming Software Delivery Models
  • Local/Web Based
  • Cloud Based
    • Software as a Service (SaaS)
    • Software as a Service (SaaS)
Precision Farming Software Applications
  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking and Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labor Management
  • Financial Management
  • Others
Precision Farming Software Service Providers
  • System Integrators
  • Managed Services Providers
    • Farm Operation Services
    • Data Services
    • Analytics Services
  • Connectivity Services Providers
  • Assisted Professional Services Providers
    • Supply Chain Management Services
    • Climate Information Services
    • Others
  • Maintenance, Software Upgradation, and Support Services Providers
Precision Farming Software End-Users
  • Agriculture
  • Horticulture
  • Floriculture
  • Animal Husbandry
  • Other
Precision Farming Software Segmentation by Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • The Netherlands
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Australia
    • Rest of APAC (RoAPAC)
  • Rest of the World
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America
  • Middle East & Africa
Key Players of Precision Farming Software Market
  • Trimble, Inc.
  • i.Agri Limited.
  • Observant
  • Deere & Co, Granular, Inc.
  • Agrivi Ltd.
  • Monsanto Company
  • Raven Industries, Inc.
  • Dickey-John Corporation
  • Ag Leader Technology
  • AgJunction
  • CNH Industrial NV
  • SST Development Group
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Tuesday, July 23, 2019

Rising Need to Produce More Boosts the Demand of " Agricultural Micronutrients " -Global Forecast to 2024

Meticulous Research® – leading global market research company is researching on agricultural micronutrients market titled “Agriculture Micronutrients Market by Product Type (Zinc, Copper, Iron, Manganese, Boron, Molybdenum, Others), Form (Chelated, Non Chelated), by Application (Soil, Foliar, Fertigation, Hydroponics, Others), Crop Type (Cereal, Oil Seed & Pulse, Fruit & Vegetables, Others), End-User (Agriculture, Horticulture, Floriculture)- Global Forecast to 2024”.
Growing population Spur the Demand for Agricultural Micronutrients
Nowadays, the global population is increasing at a rapid rate. According to the Population Division of the United Nations Department of Economic and Social Affairs (UNDESA), the global population was 7.6 billion in 2017, and it is further expected to reach around 9.8 billion by 2050. This additional population, of nearly 2.2 billion individuals, is expected to create vast demand for food crops, horticulture crops, and cash crops in the upcoming years.
In order to address the growing need of food demand, it has become essential to rise agricultural production by eliminating nutrient deficiencies. In addition, the micronutrient deficiencies can cause plant abnormalities and reduce crop yield, compromising crop productivity and farm income. Therefore, to overcome this, the use of agriculture micronutrients is expected to increase in the future, ultimately driving the growth of the agricultural micronutrients market across the globe.
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Zinc Dominated the Agricultural Micronutrients Market in 2018
Based on product type, the agricultural micronutrients market is segmented into zinc, copper, iron, manganese, boron, molybdenum, and others. Zinc commanded the largest share of global agricultural micronutrients market in 2018, owing to its increasing demand in plant growth as it regulates auxin, a vital growth hormone in pollen formation. In addition, it also acts as an enzyme activator in protein synthesis and is involved in the regulation and consumption of sugars, and this ultimately augments the growth of the zinc market across the globe.


Cereals and Grains Spur the Demand for Agricultural Micronutrients
Cereals commanded the largest share of agricultural micronutrients market in 2018. With increasing global population and shrinking arable land, there is an increased pressure to maximize crop yield from existing farmlands and agricultural installations. Moreover, the factors such as growing demand for food grains and rising need to maintain the nutrient level in cereal crops are expected to support the growth of the agricultural micronutrients market for cereals during the forecast period.
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Asia-Pacific Dominates the Agricultural Micronutrients Market
Asia-Pacific accounted for the largest share of the global agricultural micronutrients market in 2018. With the rising income level and increasing spending power of people in major APAC countries such as India, China, and Indonesia, the demand for processed and non-processed food is growing considerably, which is sequentially boosting the adoption of micronutrients used for growing various types of crops.
Key Players in the Agricultural Micronutrients Market
The key players operating in the global agricultural micronutrients market are BASF SE, Akzo Nobel N.V., Dow DuPont Inc., Agrium Inc., Nufarm Limited, Coromandel International Limited, Haifa Group, Sapec Agro S.A., Yara International ASA, The Mosaic Company, Helena Agri-Enterprises, LLC, Trade Corporation International, Valagro SpA, and Aries Agro Limited.
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Thursday, July 18, 2019

Precision Farming Software 2025- High Cloud Computing Espousal in Agriculture Boosts the Adoption of Precision Farming Software

Meticulous Research® – leading global market research company published a research report titled “Precision Farming Software Market”.The Precision Agriculture tools are mainly designed to maximize yield and revenue related to crops. The precision farming software assists with the information such as ideal planting schedule, maintenance instructions, and environmental factors that could impact a given crop. Precision agriculture software often offers predictive analytics features, such as expected waste, yield size, and profitability in relation to market values, which helps farmers and growers to make optimal decision throughout each growth cycle.
The various research organizations and associations play a vital role in the development of precision farming software market. This market is mainly driven by the growing population with the increasing demand for food. As the world’s population grows, farmers will need to produce more and more food. For instance, according to the Population Reference Bureau (PRB), global human population is expected to grow by 75 million annually or with 1.1% per year. With this, the world population is expected to reach 9.9 billion in 2050, an increase of 33% from an estimated 7.4 billion in 2017. As the world`s population grows, demand for the food increases subsequently. Therefore, the large farms are increasingly exploiting precision farming to increase yields, reduce waste, and mitigate the economic and food security risks.
Download free sample report and gain crucial industry insights @
Further, the other factors, such as high penetration of cloud computing technology in the farm data management, integration of mobile technology with farming techniques, increasing use of agriculture software for maintaining farm efficiency, and the large number of government bodies and associations which are supporting the precision farming are expected to fuel the growth of precision farming software market. However, the high initial capital investment hinders the growth of the market to some extent. The high-speed internet connectivity and integration of smartphone with agriculture hardware and software applications are the factors that will offer the growth opportunities in the precision farming software market.
The global precision farming software market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025– by delivery model (local/web based and cloud based), application (yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, farm labor management, financial management, and others), and service provider (system integrator, managed services providers, connectivity services providers, assisted professional services providers, and maintenance, software upgradation, and support services providers). This study also evaluates industry competitors and analyzes the market at regional and country level.
Based on the delivery model, local/web-based delivery model commanded the largest share of the precision farming software market in 2018. However, the cloud-based delivery model is expected to grow at the fastest CAGR during the forecast period of 2019-2024. The fastest growth of this segment is mainly attributed to the various advantages, such as data sharing, optimized performance, and ability to access system on a variety of devices from any location that has internet service and ease of access. Cloud based delivery model is an internet-based computing model that provides shared processing of resources and data to user on demand.
Based on application, yield monitoring application commanded the largest share of the precision farming software market in 2018. Yield monitoring is the most widely used application in precision farming software, as this application plays a key role in understanding the field variability and helps farmers in maximizing yields. It provides information about the weather conditions, soil properties, and fertilizers, which may affect the overall production. Owing to these, the adoption of yield monitoring application is consistently increasing worldwide.
This research report analyzes major geographies and provides comprehensive analysis of North America (the U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, The Netherlands, and RoE), Asia-Pacific (China, India, Japan, Australia, and RoAPAC), Latin America (Brazil Argentina, and RoLATAM), and the Middle East & Africa. North America captured a significant share in 2018, while Asia Pacific is expected to register the fastest CAGR during the forecast period. The fastest growth of the region in the forecast period will be mainly due to large area under agriculture cultivation and growing population.
The key players operating in the global precision farming software market research report are Trimble, Inc., i.Agri Limited., Observant, Deere & Co, Granular, Inc., Agrivi Ltd., Monsanto Company, Raven Industries, Inc., Dickey-John Corporation, Ag Leader Technology, AgJunction, CNH Industrial NV, and SST Development Group. The Key players have focused on new product launches, agreements, acquisitions, expansions, and collaborations. These strategies have helped them to augment their geographic footprints, increase customer base, and bring diversity in their product basket to cater the unmet needs of customer.
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