The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Soil Monitoring market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Soil Monitoring market.
Shifting of preferences towards smart irrigation techniques has resulted in the growing usage of soil monitoring systems. Increasing need to know the optimal water and nutrient level required for plantation has boosted the utilization of the soil monitoring systems for agricultural purposes. Increasing investments of the government for the advancements of the agricultural sector through R D activities are expected to boost the soil monitoring systems. The limited availability of natural resources such as arable land and freshwater has resulted in the growth of the soil monitoring systems.
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The report also discusses the key players involved in the market such as The Toro Company, Stevens Water Monitoring Systems Inc., Element Materials Technology, SGS GROUP, CAMPBELL SCIENTIFIC, METER GROUP, SENTEK TECHNOLOGIES, CROPX TECHNOLOGIES, SPECTRUM TECHNOLOGIES, and Aquamonix, among others.
Key questions addressed in the report:
What market size is the global Soil Monitoring market expected to reach over the forecast period?
Which leading players are operating in the global Soil Monitoring market?
Which factors are expected to hamper global market growth throughout the forecast period?
Which key factors are expected to driver global Soil Monitoring market during the forecast period?
Which application segment is expected to register fastest revenue CAGR over the forecast period?
Which region is expected to register fastest revenue CAGR between 2021 and 2028?
What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
as well as new entrants in the market. It focuses on the recent mergers acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
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Some Key Highlights from the Report
- In November 2019, Mammoet, who is a global market leader for lifting and transporting heavy objects, entered into a partnership with the SGS group. SGS Group is helping the company with the construction of a large oil refinery in Nigeria.
- The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.
- Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the soil monitoring market.
- The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, are expected to increase the adoption of smart agricultural practices.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global Soil Monitoring Market on the basis of System Type, Offering, Application, and region:
- System Type Outlook (Revenue, USD Million; 2017-2027)
- Ground-based Monitoring Systems
- Sensing and Imagery Systems
- Others (Telematics Systems and Robotics)
- Offering Outlook (Revenue, USD Million; 2017-2027)
- Software
- Hardware
- Services
- Application Outlook (Revenue, USD Million; 2017-2027)
- Non-Agricultural
- Agricultural
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
The study explores in details about the recent trend fast gaining momentum in the Soil Monitoring industry due to factors including but not limited to growing customer preference and a sudden rise in their spending capacity. Aspects attributed to the gross margin, profit, supply chain management and product value and their considerable impact on the development of the Soil Monitoring market during the forecast period, 2020 – 2027 is carefully scrutinized during the research.
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Finally, all aspects of the Soil Monitoring market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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