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Home Artificial Intelligence

Agricultural Software Market Growth, Latest Trends And Outlook By 2024-2033

November 7, 2024
in Artificial Intelligence, OpenPR, Web3
Reading Time: 7 mins read
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Agricultural Software Market Growth

Agricultural Software Market Growth

The Business Research Company recently released a comprehensive report on the Global Agricultural Software Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15973&type=smp

According to The Business Research Company’s, The agricultural software market size has grown steadily in recent years. It will grow from $21.68 billion in 2023 to $22.63 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increased food demand, increased demand for agricultural products, government subsidies and support, increased urbanization, increased farm size and complexity.

The agricultural software market size is expected to see steady growth in the next few years. It will grow to $27.20 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growth in the agriculture sector, growing population, growing demand for sustainable agriculture, increase productivity and efficiency, growing demand for livestock products. Major trends in the forecast period include demand for advanced farming solutions, adoption of cloud-based agricultural software, adoption of smart agriculture systems, investments in agricultural technology, advancements in artificial intelligence.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/agricultural-software-global-market-report

Market Drivers and Trends:

The growing demand for food is expected to propel the growth of the agricultural software market going forward. The demand for food is attributed to population growth, dietary preferences, economic development, and changing lifestyles. The agricultural software enhances the productivity, efficiency, and sustainability of farming practices by increasing food production and helping to meet the growing demand for food worldwide. For instance, according to the Food and Agriculture Organization (FAO), an Italy-based specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, by the year 2050, there will be a need to increase food production by 60% to provide enough food for a global population of 9.3 billion people. Therefore, the growing demand for food is driving the growth of the agricultural software market.

Major companies operating in the agricultural software market are focused on developing advanced solutions, such as data visualization and mapping solutions, to help farmers increase yields and governments address food security issues. A data visualization and mapping solution is a software tool or platform that allows users to visually represent and analyze data using maps, charts, graphs, and other graphical elements. For instance, in August 2022, OneSoil, a Switzerland-based company that offers agriculture software, launched OneSoil Map, a powerful new data visualization and mapping solution. This solution combines proprietary AI with satellite imagery, providing live data and rich insights to understand the state of crops in fields worldwide. This digital tool helps farmers remotely monitor the state of crops, quickly detect field issues, and work with productivity zones. OneSoil facilitates precision farming, addressing farmers’ need to allocate resources strategically for enhanced yields and sustainability. Farmers can intelligently manage field productivity zones, minimizing environmental impact and mitigating food security challenges, particularly in regions prone to droughts, floods, or other disasters, by leveraging data-driven insights provided by OneSoil. OneSoil’s solutions offer a valuable tool for optimizing agricultural practices in such areas.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Bayer AG, Deere & Company, CNH Industrial N.V., Hexagon Agriculture, Trimble Inc., Raven Industries Inc., The Climate Corporation, Iteris Inc., Solinftec Inc., Granular Inc., Proagrica, AG Leader Technology, CropIn Technology Solutions Pvt. Ltd., AgroVision B.V., Farmers Edge Inc., Decisive Farming Corp., Agworld Inc., CropX Inc., Topcon Agriculture, Conservis Corporation, FarmLogs Inc., AgJunction Inc., AgriWebb Pty Ltd., FieldView, OnFarm Systems Inc

Agricultural Software Market 2024 Key Insights:

• The agricultural software market size is expected to see steady growth in the next few years. It will grow to $27.20 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
• The Role Of Agricultural Software In Meeting The Global Demand For Food
• Advancements In Artificial Intelligence Revolutionize The Agriculture Software Market
• North America was the largest region in the agricultural software market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15973&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (http://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC’s consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

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