Precision Farming Software Market Size, Industry Analysis by Delivery Model (Local or web-based, Cloud-Based, SaaS, PaaS), by Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting), by Service Provider (System Integrators, Managed Services Providers, Assisted Professional Service Providers, Connectivity Service Providers) & Region - Forecast

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Global Precision Farming Software Market Analysis by Delivery Mode, Application, Service Providers, Region and segments forecast till 2033

Market Overview

The Global Precision Farming Software Market valued at USD 1058.77 million in 2022, is expected to reach a value of USD 3103.89 million in 2033, growing at a CAGR of 14.39%.

Report Scope

Report Attributes


Market Forecast in 2022

USD 1058.77 million

Market Forecast in 2033

USD 3103.89 million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

AG Leader Technology; AgJunction Inc.; CropMetrics LLC; Trimble Inc.; AGCO Corporation; Raven Industries Inc.

Global Precision Farming Software Market- Description

Precision farming is one of the most scientifically advanced and technologically advanced methods of sustainable agriculture that has gained traction in the twenty-first century. Consider the following scenario A farmer drives his GPS (Global Positioning System) guided tractor to his field. The GPS detects the tractors exact location within the field. It delivers the signal to a tractor computer with a GIS that stores the soil nutrient demand map.

The GIS, in collaboration with a Decision Support System, determines the specific fertilizer required for that spot and then directs a variable rate fertilizer applicator, which is attached to the tractor, to apply the appropriate dose at that precise position. All of this happens in a split second before the tractor drives any further.

This is what precision farming (PF) means to large producers in the United States and Europe. As a result, the first thought that comes to mind is that this system is not suitable for emerging countries, particularly India, where farmers are impoverished, agriculture is primarily subsistence, and land holdings are modest. The expansion of the Internet of Things (IoT) and the application of advanced analytics by farmers are both contributing to the growth. Advanced analytics, a branch of data science that uses a variety of tools and techniques to forecast data and guarantee the proper care of crops and soil is driving the market growth. Crop production is being hampered by several issues, including the loss of natural resources and the degradation of the environment.

Key Trends of Global Precision Farming Software Market:

Adoption of IoT (Internet of Things):

The Internet of Things (IoT), software, artificial intelligence, big data, and other technologies are used to efficiently utilize farm inputs to reduce costs and increase output. Precision agriculture necessitates specialized personnel, which is in short supply, thus precision farmers revere and prefer software that can be productive in the face of present obstacles. This circumstance is one of the most important drivers driving the Market forward.

Data Breaches and Security Concerns:

The security and privacy of the video content shared across various platforms can present major concerns for companies. Furthermore, organizations are concerned about copyright and Digital Rights Management (DRM) due to the risk of misappropriation, information leakage, and data breaches. In 2020, the healthcare, finance, manufacturing, information, and public sectors experienced the highest number of data breaches. To overcome such constraints, organizations must restructure their precision farming strategy before using these solutions.

Segmental Analysis of Global Precision Farming Software Market:

Based on Delivery Model:

Local or Web-Based


Software as a Service (SaaS)

Platform as a service (PaaS)

Based On Application:

Yield Monitoring

Field Monitoring

Crop Scouting

Weather Tracking and Forecasting

Inventory Management

Farm Labour Management

Financial Management


The yield monitoring segment accounted for the largest revenue share of 44.11% and is expected to continue its dominance over the forecast period as it helps the farmers to make decisions about their fields. The segment is further segregated into on-farm yield monitoring and off-farm yield monitoring.

Based On Service Provider:

Systems Integrators

Managed Services Providers

Assisted Professional Services Providers

Connectivity Services Providers

Maintenance, Software Upgradation and Support Service Providers

Global Precision Framing Software Market: Geographical Analysis

The Global Precision Farming Software Market is further segmented into five major countries- North America, Europe, Latin America, Asia-pacific and Middle East and Africa.

North America accounted for the largest revenue share of 45.09%. The region is an early adopter of technologies. Factors such as increasing government initiatives that support the adoption of modern agriculture technologies and developed infrastructure have contributed to the high revenue of the regional market. For instance, the National Institute of Food and Agriculture (NIFA)-part of the U.S. Department of Agriculture-conducts geospatial, sensor, and precision technology programs to create awareness among farmers. In partnership with Land-Grand universities, NIFA helps farmers develop robust sensors, associated software, and instrumentation for modelling, observing, and analyzing a wide range of complex biological materials and processes.

Global Precision Farming Software Market: Recent Developments

In December 2018, AgJunction Inc. entered into a partnership with Mahindra and Mahindra Ltd. With this agreement, both the companies agreed to prepare a statement of work for the future development of products for the farmers.

Global Precision Farming Software Market: Key Companies

AG Leader Technology

AgJunction Inc.

CropMetrics LLC

Trimble Inc.

AGCO Corporation

Raven Industries Inc.


Global Precision Farming Software Market: Regional Scope

North America










Rest of Europe

Asia Pacific




South Korea


Rest of Asia Pacific

South America



Rest of South America

Middle East and Africa

Saudi Arabia



South Africa

Rest of Middle East and Africa

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

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