New Analysis by Global Industry Analysts Shows Steady Growth for Precision Farming Software, with the Market Set to Reach $1.6 Billion Worldwide by 2026

SAN FRANCISCO, July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc. (GIA), the leading market research firm, released its report today entitled “Precision Farming Software – Global Market Development and Analysis”. The report presents new perspectives on opportunities and challenges in a significantly changed post-COVID-19 market.

New Analysis by Global Industry Analysts Shows Steady Growth for Precision Farming Software, with the Market Set to Reach $1.6 Billion Worldwide by 2026

New Analysis by Global Industry Analysts Shows Steady Growth for Precision Farming Software, with the Market Set to Reach $1.6 Billion Worldwide by 2026

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Edition: 8th; Released: January 2022
Executive Pool: 938
Companies: 44 – Players covered include AG Leader Technology; Ag Junction, Inc.; Deere & Company; Monsanto Company; proagrica; Trimble, Inc. and others.
Cover: All major regions and key segments
Segments: Deployment (on-premises/web-based and cloud-based); Service providers (system integrators, managed service providers, connectivity service providers and other service providers); and application (yield monitoring, field mapping, crop exploration, weather tracking and forecasting, inventory management and other applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and rest Europe); Asia Pacific; Rest of the world.

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To reach global precision farming software market $1.6 billion until 2026
Amidst the COVID-19 crisis, the global precision farming software market is estimated at $762.9 millionis projected to reach a revised size of $1.6 billion to 2026 and growing at a CAGR of 13.4% over the analysis period. Local/Web-based, one of the segments analyzed in the report, is expected to register a CAGR and reach of 11% $1.1 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth in the cloud-based segment is adjusted to a revised CAGR of 18.1% for the next 7 years.

The US market is estimated at $259.4 million in 2021, while China is expected to reach $288.6 million until 2026
The precision farming software market in the US is estimated at $259.4 million in 2021. Chinathe second largest economy in the world, is expected to reach a market size of $288.6 million to 2026 with a CAGR of 13% over the analysis period. Among the other notable geographic markets are Japan and Canada, forecasting growth of 11.8% and 11.5%, respectively, over the analysis period. Inside Europe, Germany growth of around 9.8% CAGR is forecast. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., ( is a leading market research publisher and the only influencer-led market research company in the world. GIA proudly serves more than 42,000 clients from 36 countries and has a reputation for accurately forecasting markets and industries for over 33 years.

Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966

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