Agriculture is one of the major sectors for every country’s economy. Geographic Information System (GIS) is used by large-scale farm managers and regional agricultural agencies to have quality real-time analysis and for forecasting weather and monitoring crop areas damaged due to floods and rainfall.
The Global Geographic Information Software (GIS) in the Agriculture market is expected to witness rapid growth owing to factors such as rising adoption of GIS in many major sectors for monitoring, management coupled with rapid urbanization, and increasing food insecurity due to the burgeoning population worldwide. According to United States, world population is expected to reach 9.7 billion by 2050. Moreover, surging the adoption of GIS in the developing countries is expected to fuel the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report “Global Geographic Information Software (GIS) in Agriculture Market Analysis, 2020”, the Global Geographic Information Software (GIS) in Agriculture market is anticipated to grow at a CAGR of around 10% during 2020-25. Based on Solution, Cloud-based solution is gaining pace at a steady rate. This is due rising digitalization within local government infrastructure, surging adoption of cloud GIS which is cost-effective and also to engage people who share and update the mapping data. However, in on-premise GIS, it is important to invest in “in-house” servers and also involves additional costs of hiring extra IT staff for server maintenance. Thus, these factors are projected to drive the demand for cloud GIS in the forthcoming period.
“Global Geographic Information Software (GIS) in Agriculture Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Geographic Information Software (GIS) in Agriculture providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Captured the Highest Market Share
North America captured the highest market share in the Global GIS in Agriculture market in 2019. The US dominated the North America segment on account of surging population, increasing adoption of GIS solutions among farmers to produce food in a cost-effective manner, and rising food insecurity due to robust urbanization and rapid development in the country. GIS systems are used by the regional agriculture agencies such as USDA (United States Department of Agriculture) to help the farmers by providing useful information about their crops season by season and by protecting crops and investigating fraudulent claims of crop damage. Thus, these factors are anticipated to bolster the growth of the Geographic Information Software (GIS) in Agriculture Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Geographic Information Software (GIS) in Agriculture Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Geographic Information Software (GIS) in Agriculture market are Trimble Inc, Autodesk Inc, Computer Aided Development Corporation, Earth Observing System, Environmental System Research Institute (ESRI), Geosoft Inc., Hexagon AB, Hi-Target Surveying Instrument Co., Ltd, L3 Harris Technology, Oracle Corporation, Parrot SA, Pitney Bowes Inc, Supermap Software, Takor Group Ltd, and Topcon Corporation.
Key questions answered in the study: