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Insights on the Global Precision Farming Tools Software Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - TechnavioThe precision farming tools software market is expected to grow by USD 914.90 million, progressing at a CAGR of over 13% during the forecast period. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117006354/en/ 
Technavio has announced its latest market research report titled Global Precision Farming Tools Software Market 2020-2024 (Graphic: Business Wire) Click & Get Free Sample Report in Minutes The demand for proactive control of farm operations is one of the major factors propelling market growth. However, factors such as high initial investment by farmers will hamper the market growth. More details: https://www.technavio.com/report/precision-farming-tools-software-market-industry-analysis Precision Farming Tools Software Market: Delivery Model Landscape Cloud-based software for precision farming tools has many applications in the agriculture ecosystem. The cloud-based software market also covers the revenue generated from cloud-based software services. Using cloud-based software for precision farming tools, farmers can make an accurate prediction of the crop growth stage and adjust the production accordingly. To access a cloud-based software for precision farming tools, farmers do not require to purchase and maintain their own server to run the software. Therefore, the flexibility and ease of expansion while using cloud-based software for precision farming tools are expected to drive the market during the forecast period. Precision Farming Tools Software Market: Geographic Landscape North America was the largest precision farming tools software market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing inclination of farmers toward technology-based farming practices and increase farming output will significantly drive precision farming tools software market growth in this region over the forecast period. 34% of the market's growth will originate from North America during the forecast period. The US is a key market for precision farming tools software in North America. However, market growth in this region will be slower than the growth of the market in other regions. <>Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Information Technology Include: Global RFID Tags for Livestock Management Market: The RFID tags market for livestock management market size has the potential to grow by USD 1.18 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth. To get extensive research insights: Click and Get FREE Sample Report in Minutes! Companies Covered:
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Delivery Model
Customer Landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201117006354/en/ |
