Precision Agriculture Market: Global Size, Trends, Analysis … – MENAFN.COM

Precision Agriculture Market: Global Size, Trends, Analysis … – MENAFN.COM

According to the recent report by IMARC Group, entitled '' Precision Agriculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ", the market exhibited strong growth during 2015-2020. The global precision agriculture market to grow at a CAGR of around 12% during the forecast period (2021-2026). Precision agriculture, also known as satellite agriculture, refers to one of the most popular innovations in modern farming. It is the concept of managing accurate variabilities in the farm which helps in producing more output with less agricultural inputs, thereby minimizing the production cost. Precision agriculture relies on specialized equipment, software and IT services so as to provide a real-time data about the condition of soil, ambient air and crops, as well as other important information like local weather predictions and labour costs. This data is used by the farmers to know about the precise planting times, crop rotation and harvesting time. As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.