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Smart Agriculture Forecast: Growth and Trends in Precision Farming

Smart Agriculture Forecast: Growth and Trends in Precision Farming

Precision agriculture is viewed as one of the best technological advancements in the farming sector, adapted to improve crop yield and reduce labor shortage to meet the global food need. Precision farming is an agricultural management approach that gets information technology to guarantee that the harvests and soil receive precisely what they need for health and productivity. The cutting edge innovation and strategies enable the farmers to enhance the utilization of resources, for example, fertilizers, seeds, water, and pesticides. The agriculture industry has been seeing a progressive stage owing to the introduction of digital technologies in farming in the previous decade.

The coordination of hardware and software solutions has prompted the age of a colossal measure of data that can be analyzed using various tools providing farmers with significant insights to advance yield growth. Likewise, the far-reaching adoption of drones and robots in the agribusiness prompted improving the diverse farming applications. As the evolution in the practice of precision agriculture drives the usage of cutting edge solutions, a few challenges related to the course confines its adoption.

The pattern of precision farming practices isn’t just pervasive in evolved nations but also developing countries. As for countries like China and India, vast deployments of smartphones and the IoT frameworks have prompted the quick adoption of precision farming solutions. The government of various countries has likewise understood the significance of these advanced solutions, and thus, their initiatives to promote precision agriculture is expected to drive noticeable growth in the market. Some of the everyday use cases would be predictive analytics, robotics, UAVs, and autonomous robots. According to the agribusiness applications, spraying, irrigation, monitoring, and fertilization are where the advanced methods have been effectively used.

The Precision Farming Market was valued at USD 4.51 billion in 2019 and, expected to arrive at USD 9.15 billion by 2025, at a CAGR of 12.50% over the estimated period from 2020 to 2025. Growing demands for food, changing climate and increasing smart technology implementation in the worldwide agribusiness sector, and government initiatives to upgrade farmers’ efficiency through new technologies are some of the primary considerations driving precision farming adoption. The trend varies across various regions, in terms of advancements and investment, based on the services provided in these regions.

By 2030, precision farming will turn into the most persuasive trend in agriculture, overshadowing different progressions. Ground communication and remote sensing provide real-time information about the equipment via the mobile app. Variable-rate technologies (VRTs) have permitted farmers to settle on more customized land management decisions, empowering more efficient inputs such as seeds, manures, and pesticides under variable in field conditions.

In the broad market spectrum, vendors offer guidance systems, climate and weather forecasts, and input applications equipment. Small vendors are fundamentally focusing on smart irrigation and field monitoring methods that specialize in IoT solutions. North America is the early adopter of technology and has the most noteworthy pace of adoption in many smart technologies is used in precision farming.

Since the Coronavirus outbreak, regulations and sanctions have impeded the workflow in farms far and wide. In late 2019, PickApp, a precision farming ERP framework that works on smartphones, started building up a basic version of the application as a part of its remote installation initiative. The objective was to have the option to actualize the system from a long distance, giving farmers the freedom to install, implement, and upgrade whenever. When it became clear that the Covid outbreak was changing how people work, the team chose to go a step ahead and offer the basic version they’d developed free of charge for three months, hence guaranteeing that farmers could manage their farmhands safely, remotely, and at no additional expense.

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