Precision Agriculture market

Precision Farming Market Report- Forecast 2022
Summary
Precision Farming or Precision Agriculture is a process of identification and
management of variability of any farm and variability of productivity. There are
various factors such as soil, weather, water and vegetation which varies from place to
place and these factors also plays very vital role in crop growth and farming success.
Most of the farmers are aware of this but they lacked the tools to measure and manage
these variations. Thus, it has been found in various studies that, precision farming can
help to supply the equivalent amount of food to the rising world population and helps
farmers to achieve a greater suitability, higher productivity, economic benefits and
environmental protection.
The major factor driving this market is high adoption of technologies in agriculture,
need of more efficient farming, increasing government interest towards promotion of
precision farming among other whereas factors such as need of technical experience
along with high internment are some of the restraints of themarket.
The Global Precision Farming Market is expected to grow at US ~$7 billion by end of
forecast period with compound annual growth rate of12%.
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