Soil Monitoring Market worth $1,088 million by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, Oct. 20, 2022 /PRNewswire/ -- The Soil Monitoring Market is expected to be worth USD 1,088 million by 2027 from USD 551 million in 2022, at a CAGR of 14.6% from 2022 to 2027 according to a new report by MarketsandMarkets^™.

The rapid growth of the global soil monitoring market is attributed to factors such as the efforts of governments and companies to promote sustainable agriculture practices, the pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability, and the growing need for improving farm productivity to feed the rising population. Advancements in sensing and imagery systems as well as telematics have resulted in the wider adoption of soil monitoring sensors, devices, and software.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140653896

Browse in-depth TOC on "Soil Monitoring Market"

209 – Tables
64 – Figures
237 – Pages

Ground-based monitoring systems to hold the largest market share during the forecast period

Ground-based monitoring systems are expected to hold the largest market share in the soil monitoring market during the forecast period owing to the surge in the application of several soil monitoring sensors among progressive farmers worldwide. Ground-based monitoring does not require strong technical know-how, which is a prominent factor contributing to the large market share. Technological advancements in smart sensors as well as the integration of such sensors with IoT modules have led to the demand for connected farming.

Software offering to grow at the highest CAGR in the soil monitoring market from 2022 to 2027

The software segment is expected to grow at the highest rate during the forecast period as solutions are deployed in data management and in-field mobility solutions for the delivery of valuable information to farmers. These software solutions provide a detailed analysis of the soil health and farm operations that need to be carried out to ensure improved yields, soil testing information, and application-specific data. These software products enable farmers to monitor and control their field operations using smartphones, PCs, or laptops, reducing their field trips. It helps save time and boosts productivity. The hardware segment held the largest share of the soil monitoring market in 2021, and a similar trend is expected to be observed from 2022 to 2027. Hardware components, sensors, devices, and equipment are increasingly adopted in agricultural and non-agricultural applications. The integration of various sensors into remote monitoring solutions owing to the reduced cost of these sensors has resulted in the largest market share of the hardware segment.

Non-agricultural application to grow at the highest rate between 2022 and 2027

The non-agriculture application is on an upward growth trajectory owing to the adoption of various portable devices and soil scanners for soil monitoring purposes, especially for weather forecasting and flood and drought management. Sports turf management, landscaping, and ground care are some of the prominent applications in the soil monitoring market, which could see high growth in the coming years.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=140653896

Americas to hold the largest share of the soil monitoring market during the forecast period

The Americas is expected to hold the largest share of the soil monitoring market during 2022–2027. The deployment of ground-based monitoring systems as well as the increasing popularity of sensing and imagery systems is quite high in the US and Canada, due to which the region holds a large market share. South American countries such as Brazil and Argentina have large-sized farms in abundance, where the government reforms to develop digital and sustainable agriculture reap significant returns. The adoption of telematics and robotics in the Americas is growing substantially and is laying down the growth path for the development of the soil monitoring market.

This report profiles the key players such as Stevens Water Monitoring Systems (US), SGS Group (Switzerland), METER Group (US), Element Material Technology (UK), The Toro Company (US), Campbell Scientific (US), Sentek Technologies (Australia), Spectrum Technologies (US), Irrometer (US), and CropX Technologies (Israel).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=140653896

Browse Adjacent Reports @ Agriculture Industry Market Research Reports & Consulting

Related Reports:

Smart Agriculture Market by Offering, Agriculture Type (Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse ), Application, Farm Size, & Geography (2021-2026)

Smart Irrigation Market by System Type, Application (Greenhouses, Open-Fields, Residential, Golf Courses, Turf & Landscape), Component (Controllers, Sensors, Water Flow Meters), and Region (2021-2026)

About MarketsandMarkets^™ 

MarketsandMarkets^™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets^™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets^™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]  
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/soil-moisture-sensor-market.asp   
Visit Our Website: https://www.marketsandmarkets.com/   
Content Source: https://www.marketsandmarkets.com/PressReleases/soil-moisture-sensor.asp

Logo:  https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets