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Monday / December 23. 2024
HomeAgrotechGIS in Agriculture to be Worth $4.6 Bn by 2030: Meticulous Research

GIS in Agriculture to be Worth $4.6 Bn by 2030: Meticulous Research

GIS is used in agriculture to map, organise and analyse field data and remotely monitor crops

According to a new market research report titled, ‘Geographic Information Systems Market in Agriculture by Offering, Application (Soil & Agricultural Mapping, Crop Monitoring, Yield Prediction, Livestock Monitoring), Sub-sector (Crop Farming, Forestry, Livestock) – Global Forecast to 2030,’ the geographic information systems market in agriculture is projected to reach $4.6 billion by 2030, at a CAGR of 12.9 per cent during the forecast period of 2023 to 2030.

Geographic Information System (GIS) is software used to visualise geographic data and spatial analysis to make informed decisions. GIS is used in agriculture to map, organise and analyse field data and remotely monitor crops. The GIS data helps to spot trends & patterns, implement change detection, assess damage, and improve production. The data is used across various agricultural sub-sections, including crop farming, livestock, fishery, and forestry.

Precision farming heavily relies on GIS to collect and analyse field data to make an informed decision. It offers various data management benefits, such as increasing production, reducing input costs, and managing farmland efficiently. Also, GIS is used to collect data regarding water availability, soil conditions, irrigation control, weather monitoring, crop monitoring, yield prediction, and livestock management. The increasing need for precision farming to increase productivity, reduce costs, and improve food quality are the major factors for the growth of GIS in agriculture.

In this market study, all recent dynamics associated with geographic information systems in agriculture were thoroughly analysed to precisely estimate the future of the geographic information systems market in agriculture. This study also includes profiling key geographic information systems in agriculture stakeholders and segmenting them based on their market standings.

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