Precision Farming Market Insights: Demand Patterns and Technological Advancements
Market Overview Global Precision Farming Market size and share is currently valued at USD 14.47 billion in 2024 and is anticipated to generate an estimated revenue of USD 49.29 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 13.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 Precision farming, also known as precision agriculture, refers to the use of digital tools and data-driven techniques to monitor, measure, and optimize agricultural operations. This farming methodology leverages technologies such as Global Positioning Systems (GPS), Geographic Information Systems (GIS), remote sensing, and the Internet of Things (IoT) to deliver tailored and efficient crop management solutions. The integration of big data analytics, artificial intelligence, and machine learning has further enhanced decision-making in agriculture. These tools enable real-time moni...