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Geographic Information Systems Market in Agriculture by Offering, Application (Soil & Agricultural Mapping, Crop Monitoring, Yield Prediction, Livestock Monitoring), Sub-sector (Crop Farming, Forestry, Livestock) - Global Forecast to 2030
Report ID: MRICT - 104856 Pages: 250 Jun-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe Geographic Information Systems Market in Agriculture is projected to reach $4.6 billion by 2030, at a CAGR of 12.9% from 2024 to 2030. The growth of the geographic information systems market in agriculture is driven by a surge in demand for crop mapping solutions due to climatic changes and increasing government initiatives in the agriculture sector. However, a lack of awareness & spatial intelligence expertise may restrain the market's growth.
Furthermore, the increasing adoption of cloud computing technologies and constant upgrades in mapping and navigation solutions are expected to offer significant growth opportunities for the Geographic Information Systems Market in Agriculture. However, high initial investment costs may hinder the growth of this market.
The climatic changes majorly impact the agriculture sector. The change in climate results in declining soil quality, temperature change may prevent crops from growing, and floods & droughts harm crops and reduce yields. Government and farmers rely on climate risk analytics and geographic information system (GIS) technology to prevent such situations. Thus, a geographic information system (GIS) is used to make precise decisions for weather monitoring and forecasting purposes. Thus, providing new opportunities for precision farming.
Agricultural sectors are leveraging precision agriculture technologies, including GIS, to obtain real-time insights for farmers. The geographic information system provides field data to farmers to make precise decisions regarding climate change, temperature, and soil conditions. Also, GIS is used to collect data regarding water availability, irrigation control, weather monitoring, crop monitoring, yield prediction, and livestock management. This data helps to improve decisions about harvesting times, crop market rate, and soil management. Thus, demand for GIS is increasing in the agriculture sector to predict climatic change and improve production.
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In 2024, the Solutions Segment is Expected to Dominate the Geographic Information Systems Market in Agriculture
Based on offering, in 2024, the solutions segment is expected to account for the largest share of the geographic information systems market in agriculture. 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 and image processing for surveying purposes in agriculture.
The Livestock Monitoring Segment to Register the Highest CAGR During the Forecast Period
Based on application, the livestock monitoring segment is slated to register the highest CAGR during the forecast period. The increasing need for tracking animal movements in animal husbandry locations to monitor their health, growth, fertility, and nutrition are key driving factor promoting the segment's growth.
In 2024, the Crop Farming Segment is Expected to Dominate the Geographic Information Systems Market in Agriculture
Based on sub-sector, in 2024, the crop farming segment is expected to account for the largest share of the 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 and health of the crops.
The Asia-Pacific to Register the Highest CAGR During the Forecast Period
Based on geography, Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this market 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.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the geographic information systems market in agriculture study 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 (US), Precisely (U.S.), Takor Group Ltd. (Australia), Esri (U.S.), and Bentley Systems, Incorporated (U.S.).
Scope of the Report:
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
Key questions answered in the report:
The global geographic information systems market in agriculture is projected to reach $4.6 billion by 2030, at a CAGR of 12.9% during the forecast period.
The growth of the geographic information systems market in agriculture is driven by the surge in demand for crop mapping solutions due to climatic changes, increasing concern for food quality, and increasing government initiatives in the agriculture sector.
Furthermore, the increasing adoption of cloud computing technologies and constant upgrades in mapping and navigation solutions are expected to offer significant growth opportunities for the Geographic Information Systems Market in agriculture.
The key players operating in the global 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 (US), Precisely (U.S.), Takor Group Ltd. (Australia), Esri (U.S.), and Bentley Systems, Incorporated (U.S.).
Currently, Asia-Pacific dominates the global geographic information systems market in agriculture. This market is also projected to register the highest CAGR during the forecast period.
Published Date: Jul-2024
Published Date: Jan-2024
Published Date: Jul-2024
Published Date: Aug-2024
Published Date: Aug-2024
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