Agriculture Monitoring Software Market: By Offerings (Local/Web Based, Cloud-Based, and Data Analytics Services), By Application (Field Mapping, Crop Scouting, Soil Monitoring, Yield Monitoring, Variable Rate Applications, Weather Monitoring and Forecasting, and Others), and Geography

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Agriculture Monitoring Software Market size was valued at USD 2,645.9 Million in 2022 and is anticipated to grow at a CAGR of 16.3% over 2023-2029. Agriculture monitoring software refers to specialized computer programs and platforms designed to collect, process, analyze, and interpret data related to agricultural activities. This software leverages various technologies, such as sensors, drones, satellites, GPS, and IoT devices, to gather information from the agricultural ecosystem. The collected data may include factors such as soil moisture levels, temperature, humidity, crop growth rates, pest and disease presence, and weather conditions. The rising global population, coupled with the growing need for food, significantly drives the demand for agriculture monitoring software. As the world's population continues to expand, the pressure on agriculture to produce more food intensifies. With the need to produce more food on limited arable land, farmers and agribusinesses are turning to technology to maximize yields and minimize waste. Agriculture monitoring software offers real-time data collection and analysis, allowing farmers to monitor crop growth, soil conditions, and weather patterns.

Moreover, the widespread adoption of precision agriculture practices is a significant driver behind the increased sales of agriculture monitoring software. Precision agriculture aims to optimize resource allocation, enhance crop productivity, and minimize environmental impact by using data-driven insights and technology. Agriculture monitoring software aligns seamlessly with this approach, providing the tools to collect, analyze, and interpret real-time data from fields. This data enables farmers and agronomists to make informed decisions about planting, irrigation, fertilization, and pest management, all tailored to specific areas within a field. However, implementing agriculture monitoring software often requires significant upfront costs, including the purchase of hardware, sensors, and software licenses. This can be a deterrent for smaller farms or farmers with limited budgets. Meanwhile, continued advancements in data analytics, machine learning, and artificial intelligence present opportunities for the growth of the agriculture monitoring software market. Key market players are developing innovative solutions to satisfy the demand from the agriculture sector. For example, in January 2023, EOSDA launched its first agro-satellite, EOS SAT-1 and successfully delivered into a low Earth orbit by SpaceX’s Falcon 9 rocket from the Cape Canaveral Space Force Station in Florida.

Agriculture Monitoring Software Market Key Developments:      

  • In April 2023, PepsiCo India, in collaboration with Cropin, launched a crop & plot-level predictive intelligence model, through its brand “Lay’s”, to help farmers maximize potato yields coupled with quality via functional dashboards on user-friendly mobile apps.
  • In January 2023, Planet Labs PBC partnered with NASA Harvest to deliver policy-grade agricultural monitoring and assessments of potential threats to global food security.

Agriculture Monitoring Software Market Summary

Study Period

2023-29

Base Year

2022

CAGR

16.3%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Agriculture Monitoring Software Market Dynamics

Growing concerns about environmental sustainability and the imperative to reduce the environmental impact of agriculture have a substantial impact on driving revenues in the agriculture monitoring software market. Agriculture is under increasing scrutiny for its resource-intensive practices and contributions to environmental issues such as soil degradation, water pollution, and greenhouse gas emissions. In response, farmers and agricultural enterprises are turning to technology solutions like agriculture monitoring software to implement more sustainable farming practices. Moreover, government initiatives play a pivotal role in driving the growth of the agriculture monitoring software market. Many governments worldwide recognize the importance of modernizing the agriculture sector to enhance food security, promote sustainable practices, and boost rural economies. To achieve these goals, governments often introduce initiatives, subsidies, and incentives to encourage farmers to adopt advanced agricultural technologies, including agriculture monitoring software.

Key Features of the Reports

  • The agriculture monitoring software market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Agriculture Monitoring Software Market Segmentation

By Offerings
  • Local/Web Based
  • Cloud-Based
  • Data Analytics Services
By Application
  • Field Mapping
  • Crop Scouting
  • Soil Monitoring
  • Yield Monitoring
  • Variable Rate Applications
  • Weather Monitoring and Forecasting
  • Others

Frequently Asked Questions

The agriculture monitoring software market was valued at USD 2,645.9 Million in 2022 and is expected to grow at 16.3 % CAGR over the forecast period 2023 – 2029.

Increasing global population and rising collaboration and data sharing are some of the key opportunities for companies to enhance their revenue over the forecast years.

Technological advances such as the integration of IoT, sensors, and data analytics and the development of user-friendly interfaces and intuitive dashboards are some of the major trends in the agriculture monitoring software market.

Libelium Comunicaciones Distribuidas S.L., John Deere, Pessl Instruments GmbH, Agrisource Data, Raven Industries, Inc., AGCO Corporation., Yara International ASA, Topcon Corporation, Mouser Electronics, Inc., AgJunction Inc., Taranis Visual Ltd., CropX inc., The Climate Corporation, Trimble Inc. are a few companies operating in agriculture monitoring software market.

  • Libelium Comunicaciones Distribuidas S.L.
  • John Deere
  • Pessl Instruments GmbH
  • Agrisource Data
  • Raven Industries, Inc.
  • AGCO Corporation.
  • Yara International ASA
  • Topcon Corporation
  • Mouser Electronics, Inc.
  • AgJunction Inc.
  • Taranis Visual Ltd.
  • CropX inc.
  • The Climate Corporation
  • Trimble Inc.