The Asia-Pacific Geographic Information System (GIS) Software for Agriculture Market is projected to grow at a CAGR of around 14% during the forecast period of 2022-27, reveals MarkNtel Advisors in their recent research report. The market's expansion is primarily driven by the increasing awareness of the importance of maximizing crop output through the use of advanced technology integration among the farmers. The increasing population in the Asia-Pacific region has also stressed the national governments to implement various strategies such as GIS software, to generate maximum crop production. GIS capability of real-time crop monitoring provides accurate information to the farmer regarding the crop condition & necessity and protects them from yielding below par.
Besides, the government of countries such as India, China, Vietnam, and others has taken numerous initiatives and made substantial investments in the growth of farmers’ income & improving crops quality, which led to the growth in demand for GIS software in the region. For instance, in 2017, the Ministry of Agriculture of Vietnam partnered with the Swiss Agency for Development & Cooperation to develop crop monitoring technology for rice cultivation & predicted productivity with about 90% accuracy.
Moreover, the advancement in technology such as real-time mapping, drones, etc., has augmented the growth of GIS in the agricultural sector to provide information about the crop development and ensures timely actions to be taken regarding water availability, high temperature, nutrient deficiency, excessive chemicals, etc.
Crop Monitoring Applications held a Major Share in the Asia-Pacific GIS Software for Agriculture Market
Based on Application, the market bifurcates into Crop Monitoring, Soil Analysis, Irrigation Monitoring, and Other. Among them, the Crop Monitoring Application accounts for the larger share in the market, owing to the precise information collected about the condition of the crops. Additionally, it enables the farmers to take necessary initiatives regarding infestation, irrigation, fertilization, safety, and a few other measures to prevent any loss in the crop yield.
Furthermore, the integration of sensors, satellite images, input information, and other Internet of Things (IoT) in the system provides the exact scenario of the location of the crop regarding humidity, weather, air temperature, etc. For instance, the exact scenario of the rice crop is provided by the GIS software as it requires an abundant amount of water. Therefore, the unavailability of water would lead to the withering of the crops.
India to Lead the Asia-Pacific Market During the Forecast Period
Geographically, India held a significant share in the growing adoption of GIS software for agriculture purposes in the Asia-Pacific region due to increasing initiatives & investment by the government. Initiatives have been taken to provide maximum crop safety & boost productivity in the region, from unpredictable weather. Further, GIS software has been capable of providing accurate information about the harvesting & chances of occurrence of rain as unpredictable rains often destroy the crop at the time of harvesting.
In addition, the government has also put emphasis on providing farmers with the latest technologies, such as farm automation, sensing & monitoring solutions, etc., which has fueled the market for GIS software in India. For instance, in 2021, the Indian Ministry of Agriculture signed a Memorandum of Understanding (MoU) with Cisco to integrate GIS technology, drones, & robots into the agriculture industry for high crop production.
Furthermore, India has been one of the major producers & exporters of agricultural products across the globe such as rice, sugar, cotton, and wheat. Thus, the adoption of the GIS would maximize crop production in the coming years, reveals MarkNtel Advisors in their research report, "Global Market Analysis, 2022."
Leading Companies in the Market
According to MarkNtel Advisors, the leading players in the Asia-Pacific Geographic Information System Software (GIS) for Agriculture Market are Hexagon AB, Cisco, Topcon Corporation, Oracle Corporation, Ceinsys TECH Ltd, Environmental System Research Institute, Satpalda Geospatial Services, GeoMarvel, SuperMap Software Co., Ltd, Spatial Vision, AgriNet Solutions, Hi-Target Surveying Instrument Co., Ltd, SuperMap Software Co., Ltd, Takor Group, Trimble.
Key Questions Answered in the Study