MARKET OVERVIEW

The United States precision farming software market was valued at USD 419.6 Million in 2024. The market is expected to reach USD 1,171.6 Million by 2033, growing at a CAGR of 12.09% during the forecast period of 2025-2033. Growth is driven by the incorporation of artificial intelligence and machine learning in farming software, enhanced collaboration between technology providers and agricultural stakeholders, and rising environmental concerns.

STUDY ASSUMPTION YEARS

●     Base Year: 2024

●     Historical Year/Period: 2019-2024

●     Forecast Year/Period: 2025-2033

UNITED STATES PRECISION FARMING SOFTWARE MARKET KEY TAKEAWAYS

●     Current Market Size: USD 419.6 Million (2024)

●     CAGR: 12.09%

●     Forecast Period: 2025-2033

●     Technological advancements such as GPS-guided equipment, drone surveillance, and satellite imagery support market growth by improving agricultural techniques.

●     Integration of AI and ML enhances crop productivity forecasts and automates field tasks.

●     Demand for sustainable farming practices drives adoption, reducing chemical usage and optimizing water and energy resources.

●     Collaboration between technology providers, agricultural cooperatives, universities, and research institutions help develop customized precision farming solutions.

●     Regional adoption is supported by cloud-based data storage and decision-making tools enhancing productivity and sustainability.

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MARKET GROWTH FACTORS

The growing US precision farming software market share is partly driven by the rising adoption of advanced agricultural technologies, as farmers increasingly rely on digital solutions to enhance productivity, efficiency, and data-driven decision-making. Using GPS vehicles and drones, and taking images from satellites, farmers can more easily plant, irrigate and fertilize their fields. This allows farmers to produce maximal resource utilization and productivity by providing real-time information on soil health, crop health, weather, and other metrics, thus increasing crop yields, reducing waste, and lowering costs. The demand for artificial intelligence (AI) and machine learning (ML)-based agricultural software for crop yield prediction and field operations automation is expected to accelerate the growth of the agricultural software market during the forecast period.

As a result of concerns about environmental damage, use of non-renewable resources and climate change, precision farming software is an aid in reducing chemical inputs to crops and optimizing water and energy use in farming. It assists with managing the efficient use of fertilizers and pesticides to minimize the environmental impact. This is also helping the farmers to comply with stringent environmental regulations and standards. The rising demand for the environmentally sustainable agricultural products from the consumers is also driving the farmers to adopt precision farming solutions thereby driving the growth of the farming software market.

The growth factors for precision agriculture include the collaboration between the technology companies and agriculturalists. Precision farming companies are collaborating with agricultural cooperatives, universities, and other research institutes to create user-friendly software that farmers can use to make decisions, such as pest control, soil health, and crop rotation. Collaboration with agribusiness, fertilizer, seed, and crop protection businesses is enabling software to work with ancillary tools. This includes partnerships between the University of Nebraska-Lincoln and NFarms for using emerging technology and cloud analytics and private companies such as AGCO acquiring FarmFacts and Tesseract Ventures deploying AI-based crop management tools.

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MARKET SEGMENTATION

Breakup by Type:

●     Cloud-Based: Software solutions hosted on cloud platforms, enabling remote access and scalability for users.

●     Web-Based: Applications accessed over the internet via web browsers, facilitating real-time data management and updates.

Breakup by Application:

●     Crop Management: Tools focused on monitoring and managing crop growth, health, and yield.

●     Financial Management: Software assisting farmers in budgeting, accounting, and cost analysis.

●     Farm Inventory Management: Systems to track farm assets, supplies, and machinery.

●     Personnel Management: Applications managing farm staff scheduling, payroll, and performance.

●     Weather Tracking and Forecasting: Solutions providing accurate weather data to inform farming decisions.

●     Others: Additional applications supporting specialized farm operations.

Breakup by End User:

●     Farmers: Individual agricultural producers employing precision software for farm management.

●     Agricultural Cooperatives: Groups supporting farmers with shared resources and technology.

●     Research Institutions: Organizations conducting agricultural research utilizing precision farming data.

Breakup by Region:

●     Northeast

●     Midwest

●     South

●     West

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REGIONAL INSIGHTS

The report highlights a comprehensive analysis of the Northeast, Midwest, South, and West regions of the United States. However, specific dominant region data including market share or CAGR figures by region is not provided in the source. Overall, regional markets encompass major areas ensuring holistic coverage of the U.S. precision farming software adoption trends.

RECENT DEVELOPMENTS & NEWS

In November 2023, AGCO announced the acquisition of FarmFacts' German data platform to expand its precision farming capabilities. This followed AGCO’s joint venture with Trimble and the launch of AGCO Ventures to accelerate technological innovation and reach full autonomy in crop cycles by 2030. In July 2024, Tesseract Ventures launched its Ag Drone and Synthesis Software, offering AI-driven real-time crop management insights, enabling improved pest, weed, and soil monitoring to enhance efficiency and sustainability.

KEY PLAYERS

●     AGCO

●     FarmFacts

●     Trimble

●     Tesseract Ventures

●     Sentera

●     Microsoft

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