Status : Published Published On : May, 2024 Report Code : VRICT5180 Industry : ICT & Media Available Format : Page : 200

Global Precision Farming Software Market – Analysis and Forecast (2025-2030)

Industry Insights By Offering (Hardware, Software and Services), By Technology (Guidance, Remote Sensing and Variable Rate), By Delivery Model (On-Premises and Cloud-Based), By Application (Yield Monitoring, Weather Tracking and Forecasting, Field Mapping and Others) and By Geography (North America, Asia-Pacific, Europe and Rest of the World)

Industry Overview

The Global Precision Farming Software Market is projected to grow from USD 1.5 billion in 2023 to USD 3.6 billion in 2030 at a CAGR of 12.2% during the forecast period from 2025 to 2030.

Precision farming is a farm management concept based on observing, measuring and responding to variability in crops and soil with the goal of maximizing the return on inputs while preserving resources. Combine technologies like soil mapping, remote sensing, UAVs and GPS integrations to forge a dialogue between them, a conversation we can tap. To get the clear picture of their land, many growers have already begun instrumenting precision techniques to obtain the qualitative and quantitative data they need to increase their yield. The idea is to forge a holistic picture of the land and the conditions influencing its composition that pivots in real-time using remote sensing technology. The sensors collect granular measurements related to salinity, moisture, fertilizer potency, weather, growth rate, and any other environmental variable impacting the lifecycle.

Precision Farming Software Market

The market is segregated by offering such as hardware, software and services, where software services dominates the market and by technology like guidance technology, remote sensing and variable rate, among which remote sensing technology shall grow due to its ability to provide farmers with a heightened sense of data protection and control. It is also divided on the delivery model into on-premises and cloud-based and by applications into yield monitoring, weather tracking and forecasting, field mapping and others.

Market Segmentation

Insight by Offering

Based on offering, the Precision Farming Software Market is segregated into hardware, software and services. Software segment is projected to dominate the market share with the highest CAGR during the forecast period due to its benefits like enhanced performance, data sharing and ability to access the system on different devices from any location.

Insight by Technology

The Precision Farming Software Market is segmented by technology as guidance technology, remote sensing and variable rate. The remote sensing segment shall dominate the market as these systems can help in prediction of proper amount of irrigation water.

Insight by Delivery Model

By delivery model, the Precision Farming Software Market is segregated into On-Premises and Cloud-Based. On-Premises delivery model accounts for the largest share in the market due to its ability to provide farmers with a heightened sense of data protection and control.

Insight by Application

On the basis of application, the Precision Farming Software Market is segregated into yield monitoring, weather tracking and forecasting, field mapping and others. Among these, yield monitoring segment is anticipated to hold the precision farming software market as it assists the farmers to understand field variability to maximize the yield.

Precision Farming Software Market Report Coverage

Report Metric


Historical Period

2018 - 2023

Base Year Considered


Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  1.5 Billion

Revenue Forecast in 2030

U.S.D.  3.6 Billion

Growth Rate


Segments Covered in the Report

By Offering, By Technology, By Delivery Model, By Application

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Asia-Pacific, Europe and Rest of the World

Industry Dynamics

Growth Drivers

Growing adoption of advanced technologies in precision farming software and increased focus on enhancing food security and agricultural productivity, enhance data analysis and initiatives to manage greater amount of data are some of the major drivers of precision farming software market.

In order to cut costs and enhance productivity, there is a need for digitization in all sectors. To help farmers remain protected from the impact of adverse price fluctuations of their produce, many agritech companies are coming up with innovative technologies and models for easing farming practices by focusing more on wireless platforms with respect to yield monitoring, field mapping, irrigation scheduling, crop health monitoring, harvesting management, etc. With the growing food demand, due to the ever-increasing population, adopting precision agriculture tools is inevitable for farmers. The major factors driving the precision farming software market are the advancements and innovations in technology to help farmers maximize their yield and minimize losses with efficient use of resources. The integration of smartphones with agriculture hardware and software applications, as well as high-speed internet connectivity, will provide growth prospects in the precision farming software industry.

Restraints and Opportunities

Crop production is being hindered by various issues such as the loss of natural resources as well as the degradation of the environment. As environmental concerns grow, farmers are shifting their preference to sustainable agriculture practices like natural resource preservation which increases the demand for improved crop nutrition as well as protection, which ultimately has increased the precision farming business. The high initial costs too restricts the market’s expansion to some extent. However, many potential opportunities are opened due to smart designs to increase harvests as well as prevent waste. Furthermore, rising investments in technology such as guidance systems, GPS sensing systems and driverless tractors shall aid the precision farming software market development.

Geographic Overview

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World

Geographically, the Global Precision Farming Software Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest revenue share as the farmers in the region are well-educated using innovative agricultural systems, mobile apps, cloud services, farm management software, imagery services and data analytics services. Asia-Pacific will be the fastest-growing regional market with the increasing population and larger area under agricultural cultivation.

Competitive Insights

AGCO Corporation is an American agricultural machinery manufacturer which designs, produces and sells tractors, forages, hay tools, combines, self propelled sprayers, smart farming technologies and seeding equipment.

John Deere is the industry leader in providing farmers the precision ag tools they need to monitor, manage, and maximize their farm operations from machine performance to field management and data analysis. With these services input costs are reduced through better machine management and application accuracy. Yields are increased by improving every aspect of your production process.

Key Players Covered in the Report

Some of the major players of precision farming software are AGCO, AG Leader Technology, Cropmetrics, Agjunction , Deere & Company, SST Development Group, Teejet Technologies, Dickey-john Corporation, Topcon Positioning Systems, Trimble.

Recent Development by Key Players

AGCO acquired digital assets from FarmFacts GmbH. FarmFacts specializes in software for farmers and service providers to generate field action plans from prescription maps to guidance line creation. The acquisition increases AGCO’s FMIS offering and software development capabilities to serve farmers’ data management needs.

John Deere, Kinze Manufacturing, and Ag Leader Technology today collaborated to make it easier for farmers to integrate each company’s equipment and technology solutions into their farming operation. The collaboration enables farmers to combine the quality equipment and digital solutions offered by John Deere, Kinze and Ag Leader.

The global Precision Farming Software Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Offering
    • Hardware
    • Software
    • Services
  • By Technology
    • Guidance Technology
    • Remote Sensing
    • Variable Rate
  • By Delivery Model
    • On-Premises
    • Cloud-Based
  • By Application
    • Yield Monitoring
    • Weather Tracking and Forecasting
    • Field Mapping
    • Others

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
  • Rest of the World
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E
    • Other Countries

Place an order

Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle


Key Takeaways