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Precision Farming Market size predicted to grow with 10% CAGR by 2023

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/227<br><br>Rapid advancements in data management are expected to significantly impact precision farming market share from 2016 to 2023. Advent of sophisticated technologies such as geo-location tracking enables in detecting operational efficiency.

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Precision Farming Market size predicted to grow with 10% CAGR by 2023

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  1. Precision Farming Market size predicted to grow with 10% CAGR to hit USD 5 billion by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Precision Farming Market: • The U.S is predicted to significantly contribute towards global market size from 2016 to 2023. • Asia Pacific and Europe precision farming market share is projected to witness substantial growth prospects as these regions are now in early adoption stages. • Asia Pacific is expected to record highest the growth rate from 2016 to 2023.

  3. Application Analysis of Precision Farming Market: • Rapid advancements in data management are expected to significantly impact precision farming market share from 2016 to 2023. Advent of sophisticated technologies such as geo-location tracking enables in detecting operational efficiency. • Also known as satellite farming or site specific crop management, precision farming helps in cost optimization by reducing labor as well as input cost. • This system offers potential benefits to the farmers by providing precise information regarding planting as well as harvesting. • It also suggests right quantities of fertilizers and pesticides to be applied, and thus plays a vital role in yielding high production. Growing innovation in this sector is likely to benefit numerous farmers on a global scale.

  4. Competitive Market Share of Precision Farming Market : • Precision farming ecosystem involves sensors manufacturers, satellite service providers, components, research organizations, OEMs, end users and distributors & suppliers. • Key industry participants accumulating significant precision farming market share include John Deere, Ag Junction, Raven Industries, AGCO, Trimble Navigation, Precision Planting, AG Leader Technology, SST Development Group, Topcon Precision Agriculture, and TeeJet Technologies.

  5. Browse Full Market Research Report On Precision Farming Market @ https://www.gminsights.com/industry-analysis/precision-farming-market- Request for an in-depth table of contents for this report @ https://www.gminsights.com/roc/227

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