The latest market report published by Credence Research, Inc. “Global GIS Based Agriculture Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global GIS Based Agriculture Market generated revenue of around USD 1,629.75 million in 2021 and is anticipated to grow a CAGR of over 14.05% during the forecast period from 2021 to 2028 to reach around USD 4,308.50 million in 2028. While, cumulative growth opportunity presented by the global GIS Based Agriculture is around USD 23.08 billion during 2022 to 2028.
Global GIS Based Agriculture Market, 2021 – 2028 (USD Million)
GIS-based agriculture and other advancements in digital technology will lead to Agriculture 4.0, where cutting-edge technological developments will revolutionize a traditional line of work.
Out of all sectors, it is probably the agriculture industry that appears to be relatively untouched by new digital technologies like AI and machine learning. However, that could change very soon. Already, farming equipment is being revolutionized by IoT.
On-Cloud GIS Based Agriculture to Grow at Rapid Pace
On-Premise and On-Cloud are some of the important types of GIS Based Agriculture used across different industries. However, on-cloud GIS Based Agriculture are growing in demand and held significant share in total revenue generation with over 55% in 2021. While, on-premise market is likely to remain second leading solution type over the forecast period.
Crop Monitoring Segment to Govern Future Growth of GIS Based Agriculture Industry
Crop Monitoring, Irrigation Monitoring, Soil Analysis and Others are major application markets for the global GIS Based Agriculture industry. Crop monitoring held the largest share of global GIS Based Agriculture industry in 2021 with over 30% contribution to revenue generated by GIS Based Agriculture market. Especially, growing technology to boost the crop yield and efficient management of limited resources is likely to fuel the demand for GIS Based Agriculture in the years to come.
North America is Leading GIS Based Agriculture Demand
North America is leading the GIS Based Agriculture industry with over 30% share in 2021. Increasing demand for smart farming practices to understand the beast suitable plants for soil and efficient management of irrigation on vast field is likely to trigger the demand for GIS Based Agriculture.
Major players operating in the GIS Based Agriculture industry include but not limited to ESRI, Autodesk, Inc., Earth Observing System, Geosoft, Inc., Hexagon AB, Hi-Target Surveying Instrument Co. Ltd., L3 Harris Technologies, Oracle, Parrot SA, Pitney Bowes Inc., Pix4D, Takor Group Ltd., Topcon Corp and Trimble. Global GIS Based Agriculture market is characterized by the presence of large number of manufacturers across the world.
Global GIS Based Agriculture Market by Type, 2016 – 2028
Global GIS Based Agriculture Market by Distribution Channel, 2016 – 2028
- Crop Monitoring
- Irrigation Monitoring
- Soil Analysis
Global GIS Based Agriculture Market by Company, 2016 – 2028
- Autodesk, Inc.
- Earth Observing System
- Geosoft, Inc.
- Hexagon AB
- Hi-Target Surveying Instrument Co. Ltd.
- L3 Harris Technologies
- Parrot SA
- Pitney Bowes Inc.
- Takor Group Ltd.
- Topcon Corp