Precision Agriculture Market Analysis | Agriculture market research
Summary The global precision agriculture market is also referred as the precision farming was valued at USD 3.08 in 2015 and is expected to grow significantly over the forecast period. The farming sector is rapidly facing technological advancements with the growing need of efficient production to supply to the increasing demand of food consumption. Increasing adoption of advanced technologies for reducing the production cost and increasing the food efficiency is further anticipated to drive the market growth. Degrading natural resources, declining in the total productivity, declining land holdings, and limited employment opportunities in farming are majorly impacting the market growth and development. Hence, the OEMs in agriculture and farmers are encouraged to adopt advanced technology for increasing the agriculture productivity. Increasing awareness and interest for Internet of Things (IoT) devices and other technologies such as Big Data for maintaining the sustainability