PUBLISHER: Meticulous Research | PRODUCT CODE: 1518418
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518418
Geographic Information Systems Market in Agriculture by Offering, Application (Soil & Agricultural Mapping, Crop Monitoring, Yield Prediction, Livestock Monitoring), Sub-sector (Crop Farming, Forestry, Livestock), and Geography-Global Forecast to 2031.
The research report titled 'Geographic Information Systems Market in Agriculture by Offering, Application (Soil & Agricultural Mapping, Crop Monitoring, Yield Prediction, Livestock Monitoring), Sub-sector (Crop Farming, Forestry, Livestock), and Geography-Global Forecast to 2031,' provides an in-depth analysis of the market in agriculture in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global geographic information systems market in agriculture is projected to reach $5.4 billion by 2031, at a CAGR of 14.3% from 2024 to 2031.
The growth of the geographic information systems market in agriculture is driven by a surge in the demand for crop mapping solutions due to climatic changes, increasing concern for food quality, and increasing government initiatives in the agriculture sector. However, a lack of awareness and spatial intelligence expertise, and dynamic government rules & regulations for the agriculture sector may restrain the market's growth.
Furthermore, the increasing adoption of cloud computing technologies and constant upgrades in mapping & navigation solutions are expected to offer significant growth opportunities for geographic information systems in the agriculture market. However, high initial investment costs and data privacy concerns may hinder the growth of this market.
The geographic information systems market in agriculture is segmented by offering (solutions, services), application (soil & agricultural mapping, crop monitoring, yield prediction, irrigation control & water management, farming automation, livestock monitoring, asset management, weather monitoring, other applications), sub-sector (crop farming, fisheries and aquaculture, forestry, livestock). The study also evaluates industry competitors and analyzes the market at the regional & country levels.
Based on offering, the geographic information systems market in agriculture is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of the global geographic information systems market. The large market share of this segment is attributed to the rising demand for GIS software for better data analysis in agriculture and analyzing data & image processing for surveying purposes in agriculture. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on application, the geographic information systems market in agriculture is segmented into soil & agricultural mapping, crop monitoring, yield prediction, irrigation control & water management, farming automation, livestock monitoring, asset management, weather monitoring, and other applications. In 2024, the crop monitoring segment is expected to account for the largest share of the global geographic information systems market. The large market share of this segment is attributed to the growing demand for high-quality crops and the rising demand to access crop conditions to monitor water availability and temperature.
However, the livestock monitoring segment is projected to register the highest CAGR during the forecast period. The segment's growth is driven by the increasing need for tracking animal movements in animal husbandry locations to monitor their health, growth, fertility, and nutrition.
Based on sub-sector, the geographic information systems market in agriculture is segmented into crop farming, fisheries & aquaculture, forestry, and livestock. In 2024, the crop farming segment is expected to account for the largest share of the global geographic information systems market in agriculture. The large market share of this segment is attributed to the increasing use of data analytics to improve crop productivity, concern for food quality, and increasing demand for GIS solutions to track and visualize the growth & health of the crops. However, the livestock segment is projected to register the highest CAGR during the forecast period.
Based on geography, the geographic information systems market in agriculture is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global geographic information systems market in agriculture. Asia-Pacific's large market share is attributed to the increasing government initiatives to implement spatial intelligence technologies across the agriculture sector and the increasing adoption of cloud computing technologies for precision farming in the region. Moreover, this region is also projected to register the highest CAGR during the forecast period.
The key players operating in the geographic information systems market in agriculture are Hexagon AB (Sweden), Trimble Inc. (U.S.), Autodesk, Inc. (U.S.), Pitney Bowes Inc. (U.S.), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co. Ltd. (China), Cadcorp Limited (U.K.), SuperMap Software Co., Ltd. (China), L3Harris Technologies, Inc. (U.S.), EOS Data Analytics, Inc. (U.S.), Caliper Corporation (U.S.), Precisely (U.S.), Takor Group Ltd. (Australia), Esri (U.S.), and Bentley Systems, Incorporated (U.S.).
Geographic Information Systems Market in Agriculture Assessment-by Offering
Geographic Information Systems Market in Agriculture Assessment-by Application
Geographic Information Systems Market in Agriculture Assessment-by Sub-sector
Geographic information Systems Market in Agriculture Assessment-by Geography